Total Amount: ₹10,327,601
Investment Amount: ₹6,000,000
Expected Return: ₹4,327,601
Year | Interest | Future Value |
---|---|---|
1 | ₹33,514 | ₹633,514 |
2 | ₹133,365 | ₹1,333,365 |
3 | ₹306,500 | ₹2,106,500 |
4 | ₹560,592 | ₹2,960,592 |
5 | ₹904,119 | ₹3,904,119 |
6 | ₹1,346,445 | ₹4,946,445 |
7 | ₹1,897,917 | ₹6,097,917 |
8 | ₹2,569,963 | ₹7,369,963 |
9 | ₹3,375,208 | ₹8,775,208 |
10 | ₹4,327,601 | ₹10,327,601 |
Comparison based on the following parameters:
Investment Type | Interest | Future Value |
---|---|---|
SIP | ₹3,544,599 | ₹9,544,599 |
Lumpsum | ₹9,562,455 | ₹15,562,455 |
Input the Monthly investment amount,expected annual return, the tenure of investments(years). It will convert the annual return to a monthly return, the calculate the future value,the total investment amount and so on by SIP(lumpsum) formla.
Mutual funds offer several benefits, including:
The formula for SIP investments: FV = P × [(1 + i)^n - 1] / i
The formula for lumpsum investments: FV = PV × (1 + r)^n