SIP with Annual Increase
Everything demands growth in life- your income, your capabilities, the economy and even your investments. How much you invest is often a factor of how you are professionally placed, what personal life stage you are in and how your monthly expenses fluctuate.
But in order to keep up with inflation and to ensure that your goals are met in time, your investments also demand growth.
Systematic Investment Plan (SIP) is about investing a fixed amount in mutual funds regularly. If you already have a SIP, now may be the
time to put your investment in the next gear to reach your financial goals smoothly. When you start a traditional SIP, you cannot increase the periodic instalments during the entire investment tenure. You can solve this issue
with a Step-up SIP. It allows investors to increase the SIP amount in their already ongoing SIPs.
You need to calculate an amount that should be increased every year in your SIP. You may find it tough to figure out, especially for a SIP investment for the long term. Our calculator - SIP with Annual Increase makes it easy for you. Let us explain how
SIP with Annual Increase Amount Invested
SIP calculator online, SIP with Annual Increase Calculator is a readily available tool that helps you determine the annual increase you
should prefer for your SIP. Following are the input it needs from you:
The amount of money you can invest through monthly SIP.
The duration (months) for which you will continue the SIP.
- Expected rate of return from investment.
- The amount for the annual increase in a monthly SIP.
It will show you the outcome based on your above input as:
The total SIP amount invested without an annual increase
- The total growth without the yearly increase
- Total Future Value without the yearly increase
The total SIP amount invested with the yearly increase
- The total growth with the yearly increase
- Total Future Value with the yearly increase
And finally, you will get the summary for SIP with Annual Increase Amount Invested for every year in a tenure that is easy to understand.