BOI SIP Calculator

The BOI SIP calculator is a financial tool that helps investors calculate the potential returns on their systematic investment plan (SIP) investments. The estimations are based on the entered values of the SIP amount, tenure, and estimated return rate. The calculator yields the total amount invested, maturity, and estimated returns. The BOI SIP calculator on Angel One also offers a graphical representation of the investment and returns.

The online BOI SIP calculator enables investors to access almost accurate estimates of the returns on their SIP investments by simply inputting the monthly investment amount, investment duration, and expected rate of return. The tool also allows you to decide how much you should invest in SIP to achieve a particular return target in a specified duration.

Using the online BOI SIP calculator is simple and quick. Follow these steps to use the online tool:

• Enter the monthly amount (P) you want to invest in the SIP
• Choose the tenure or duration for which you plan to invest
• Input the expected rate of return on the SIP

The BOI online SIP calculator will instantly display your investments' future value.

Let's understand the above steps with an example.

Suppose you want to invest Rs. 5,000 as your monthly SIP amount for 3 years at an 8% per annum expected return rate. Here's how to ascertain the future value of your SIP investments using the online BOI SIP calculator:

• Enter Rs. 5,000 in the principal field of the tool.
• Key in the return rate as 8% p.a.
• Enter 3 years as the tenure.

The BOI SIP calculator will display the future value of your investments instantly. In this case, the total invested amount will be Rs. 1,80,000, which will yield a return of Rs. 24,029, and the total value upon maturity will be Rs. 2,04,029.

The calculator also helps you calculate the necessary investment amount to reach a particular objective. The target amount calculator on the Angel One SIP page is designed for this purpose. You can input the expected maturity amount, tenure, and expected rate of return in the calculator to know the monthly investment amount required to achieve your desired goal.

For instance, if your goal is to accumulate a corpus of Rs. 6,50,000 in 4 years through an investment in a mutual fund with an expected rate of return of 12%, the tool will calculate that you must invest Rs.10,512 as your monthly SIP amount.

• Yields accurate estimates - With the BOI online SIP calculator, investors can easily estimate the future value of their planned SIP investments more accurately than they would do it manually.
• Saves time - The BOI online SIP calculator gives instant results, saving the time taken in manual calculation.
• Enables effective comparison of options -You can use the online BOI SIP calculator to view the future values of investments for different combinations of the monthly SIP amount, return rate, and tenure. The calculator allows you to compare different SIP options and choose the one that fits your financial goals and needs.
• Enables Informed investment decisions - Since the calculator offers the estimated returns on a monthly SIP, you can make informed decisions when planning your finances.
• Doesn’t require you to pay - The online BOI SIP calculator is a free tool and thus accessible to everyone on the internet.