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Loans & Savings · Updated for tax year 2026-27

SIP Calculator with Step-up

The future value of a SIP is M = P × [(1 + i)^n − 1] ÷ i × (1 + i), where P is the monthly investment, i the monthly return and n the number of months. Enter your monthly SIP, expected return and period — and an optional yearly step-up — to estimate what your investment could grow to.

Enter your details

Values you enterComputed values

0 for a flat SIP

Result

Estimated value

₹23,23,391

Total invested₹12,00,000Estimated returns₹11,23,391
InvestedReturns
Year-by-year schedule
YearInvestedInterestValue
1₹1,20,000₹8,093₹1,28,093
2₹1,20,000₹24,339₹2,72,432
3₹1,20,000₹42,644₹4,35,076
4₹1,20,000₹63,272₹6,18,348
5₹1,20,000₹86,515₹8,24,864
6₹1,20,000₹1,12,707₹10,57,570
7₹1,20,000₹1,42,220₹13,19,790
8₹1,20,000₹1,75,476₹16,15,266
9₹1,20,000₹2,12,949₹19,48,215
10₹1,20,000₹2,55,176₹23,23,391

Disclaimer: Computed to the best of our knowledge, as per the law — including the section changes under the Income-tax Act, 2025 — in force on the date this website was last deployed (28 Sep 2026). Results are estimates for guidance only and are not tax, legal or investment advice. Please verify with the Act, rules and notifications, or a qualified professional, before relying on them. Rates and limits last reviewed on 28 Sep 2026.

How to use the SIP Calculator

  1. 1

    Enter the amount you will invest every month.

  2. 2

    Enter the annual return you expect. Equity funds have historically returned 10–12% over long periods, but returns are not guaranteed.

  3. 3

    Enter the number of years.

  4. 4

    Add a yearly step-up if you plan to increase the SIP as your income grows.

SIP formula

M = P × [(1 + i)^n − 1] ÷ i × (1 + i)

P = monthly SIP · i = annual return ÷ 12 ÷ 100 · n = months

The formula assumes each instalment is invested at the start of the month and earns the same return every month. Real fund returns vary, and exit load and tax reduce what you take home.

Worked example

  • ₹10,000 a month for 10 years at 12% a year: you invest ₹12,00,000.
  • The estimated value is ₹23,23,391 — ₹11,23,391 of it from returns.
  • Raising the SIP by 10% every year lifts the value to about ₹33.7 lakh on ₹19.1 lakh invested.

Tax on SIP returns

Each SIP instalment is treated as a separate purchase. For equity funds, units held over 12 months give long-term gains taxed at 12.5% above ₹1.25 lakh a year under Section 198 (old sec. 112A); units held for 12 months or less are taxed at 20% under Section 196 (old sec. 111A).

Frequently asked questions

With the future-value-of-annuity formula M = P × [(1 + i)^n − 1] ÷ i × (1 + i), using the monthly rate i and number of months n.