SIP Calculator
Estimate what a monthly SIP in a mutual fund could grow to, with an optional yearly step-up, and see invested amount versus gains year by year.
Growth over time
Hover or tap the chart to see each year. Values update as you change the inputs.
Year-by-year table
How this calculator works
Each instalment is invested at the start of the month and grows at the monthly rate (annual rate ÷ 12), which is how most Indian fund houses and banks present SIP projections. Future value = P × [((1 + i)n − 1) ÷ i] × (1 + i), where P is the monthly amount, i the monthly rate and n the number of months.
With a step-up, the monthly amount rises by the chosen percentage at the start of each year, which models investing more as your salary grows.
Tax: for equity funds held over 12 months, gains above ₹1.25 lakh a year are taxed at 12.5% (long-term); units sold within 12 months are taxed at 20% (short-term). Each SIP instalment has its own 12-month clock.
Worked example: ₹10,000 a month for 15 years at 12%
| Item | Amount |
|---|---|
| Total invested | ₹18,00,000 |
| Estimated value | ₹50,45,760 |
| Gains | ₹32,45,760 |
| Same SIP with a 10% yearly step-up: invested | ₹38,12,698 |
| Step-up SIP: estimated value | ₹86,83,849 |
Sources & data
Figures checked on November 3, 2026.
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Frequently Asked Questions
Is a 12% SIP return guaranteed?
No. Mutual fund returns depend on markets and can be negative over short periods. 12% is a common illustration for long-term equity funds, not a promise; try lower rates to see a cautious case.
How are SIP gains taxed in India?
For equity funds held more than 12 months, long-term gains above ₹1.25 lakh in a financial year are taxed at 12.5%. Gains on units held 12 months or less are taxed at 20%. Each SIP instalment counts separately for the holding period.
What is a step-up SIP?
A SIP whose monthly amount increases by a fixed percentage every year, for example 10%, usually in line with salary increases. It can grow the final value much faster than a flat SIP.
Does SIP date matter?
Very little over long periods. What matters most is the amount, the time invested and the returns of the fund.