Systematic Investment Plan or SIP is an alternative to one-time investment offered by Mutual Funds where you can invest your money in installments at periodic intervals. It is a perfect option for small investors who do not wish to invest large sums of money at a time and would want an auto-investment at regular intervals.
SIP also helps in averaging out the pitfalls of the market unpredictability by diversifying the investment at different levels of market. A weak market gives you a chance to buy more mutual fund units, and a strong market increases the value of the units bought at a lower price. Hence, the mutual fund returns are generally on the higher side. This SIP calculator helps you compute the investment amount and the future value of your SIP.