SIP Calculator

Un outil pour faciliter le processus de calcul des intérêts composés sur une période plus longue

SIP Calculator is a tool that is designed to ease the hectic process of calculating compound interest over a longer period. With the amount invested and its future value is displayed for every year, one can have an opinion about the volume of growth on investments such as PPF, Mutual Funds, Liquid Funds, and others. The Line graph and Pie Chart featured further assist in a conventional analysis regarding those investments.

The user can evaluate the future value of the amount made under some investments such as.

1. SIP

A systematic investment plan (SIP) is an investment vehicle offered by many mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly, or quarterly.

2. PPF

The Public Provident Fund is a savings-cum-tax-saving instrument in India,[1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme aims to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits.[2] The scheme is fully guaranteed by the Central Government. Balance in PPF account is not subject to attachment under any order or decree of court. However, Income Tax & other Government authorities can attach the account for recovering tax dues.

3. NPS

National Pension Scheme (NPS), a government-sponsored pension scheme, was launched in January 2004 for government employees. It was opened to all sections in 2009. A subscriber can contribute regularly in a pension account during her working life, withdraw a part of the corpus in a lumpsum and use the remaining corpus to buy an annuity to secure a regular income after retirement.

4. FD

A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.

5. RD

A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.[1] It is similar to making fixed deposits of a certain amount in monthly installments. This deposit matures on a specific date in the future along with all the deposits made every month. Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed time. The minimum period of a recurring deposit is six months and the maximum is ten years.