ICICI SIP Calculator - Understanding Returns before Investing

Manish Kothari
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isVerifiedExpertAuthor is a Zfunds Verified Expert
Manish Kothari

Are you planning to invest in ICICI Prudential mutual fund schemes through SIP or systematic investment plan? If yes, then you are on the right path to creating great wealth for yourself, and your loved ones. However, before you take the big step and start investing, you must be wondering about the level of returns you can expect from your investment. If yes, then this page is for you!

There is no denying that mutual funds are an impeccable investment option to build a fortune in the long term. But the big question is, how much wealth can you expect to create from your ICICI SIP investments for 5, 10, 15, or even 20 years! While these calculations can be difficult to carry out on a piece of paper, there is a tool that can help you predict your total returns from your ICICI Prudential SIP investments. We are of course talking about the ICICI SIP calculator. This simple tool can help you calculate ICICI mutual fund SIP returns in a heartbeat. 

Benefits of Online ICICI Mutual Fund SIP Calculator

ICICI mutual fund SIP calculator can be immensely beneficial for investors, helping them in planning their mutual fund investments. It is a great tool that comes in handy before as well as while investing in mutual funds through a systematic investment plan. Let us take a look at the many benefits of the ICICI Prudential mutual fund SIP calculator.

The calculator provides insight into the returns you can expect to achieve from your ICICI Prudential mutual fund investments. You can check returns at different rates, with different SIP amounts, and for different investment tenures to make informed decisions. Thus, ICICI mutual fund SIP calculator aids decision-making by investors.

ICICI SIP calculators use tabular and graphical representations to help investors easily understand the growth of their investments over time.

Another major benefit of the online ICICI systematic investment plan calculator is that it provides results within seconds. While these calculations can take anyone a long time to calculate, the tool can provide accurate results in no time – saving time for investors.

Using an ICICI SIP calculator, you can check whether a mutual fund scheme, with its historic returns, meets your return expectations. Based on this information, whether you want to invest in the scheme, and how much.

With these and many other benefits, ICICI mutual fund systematic investment plan calculator proves to be a useful tool for all investors. You can also utilize it whenever you need to make a critical mutual fund SIP-related decision.

How does an ICICI SIP Calculator Work ?

The ICICI mutual fund SIP calculator leverages a straightforward formula to determine returns from daily SIP investments. This formula uses the monthly investment or SIP amount, the monthly return on investment, and the number of SIPs paid by the investor. Let us now take a look at this formula:

TR = P x {[(1 + r)n – 1] ÷ r} x (1 + r)

TR is the total returns one can expect at the time of redemption or maturity of mutual fund units.

As you can see, there are three variables in the formula. These three variables are explained below in detail.

The first variable is “P,” which is the principal or monthly investments in the systematic investment plan. While “n” is the number of payments or SIP installments you pay till redemption, “r” is the expected return on investment (ROI) per month from your investments.

You can increase any of the three above-mentioned variables to boost your returns from the ICICI SIP investments.

Now let us see how compounding works to create wealth through SIP investments with an example. Suppose you invest only INR 1000 per month, earning annually 15 percent on your investments. The below table highlights the returns you can expect after 5, 10, 15, and 20 years.

PeriodInvestment Total Returns
5₹ 60,000₹ 89,700
10₹ 1,20,000₹ 2,79,000
15₹ 1,80,000₹ 6,77,000
20₹ 2,40,000₹ 15,20,000

In addition to that, if you can invest INR 1000 for 25 years, you can create a wealth of INR 32,80,000 by investing just INR 3,00,000. So, choose the right ICICI Prudential mutual fund scheme and start investing right away. The more time you give your investment to grow, the higher your returns.

Popular ICICI Mutual Fund Schemes

ICICI Prudential Technology Fund - Growth

ICICI Prudential Thematic Advantage Fund (FOF) - Growth

ICICI Prudential Value Discovery Fund - Growth

ICICI Prudential US Bluechip Equity Fund - Growth

ICICI Prudential Equity & Debt Fund - Growth

ICICI Prudential Smallcap Fund - Growth

ICICI Prudential Focused Equity Fund - Growth

ICICI Prudential S&P BSE Sensex Index Fund - Cumulative Option

Also Read : HDFC SIP Return Calculator

Frequently Asked Questions about ICICI SIP Calculator and Mutual Funds

Q. How do I choose the best ICICI mutual fund scheme for myself ?

A. There are numerous factors that go into selecting the best mutual fund scheme for investment, and ICICI MF schemes are no different. Among the most significant of these factors include risk tolerance, financial goals, and investment horizon. Several other factors are also important is selecting the most appropriate ICICI mutual fund scheme for an investor. For instance, there are tax-saving schemes that help investors enjoy tax exemption on investments of up to INR 1,50,000 in a financial year.

Q. What are some popular ICICI mutual fund schemes ?

A. ICICI Prudential Smallcap Fund - Growth, ICICI Prudential Value Discovery Fund - Growth, ICICI Prudential Technology Fund - Growth, ICICI Prudential Focused Equity Fund - Growth, and ICICI Prudential US Bluechip Equity Fund - Growth are among the most sought-after mutual fund schemes by ICICI Prudential. You can invest in any of these and many more on ZFunds.

Q. Are SIP investments better than lumpsum ?

A. Both types of investments have their own up and downsides. For instance, one-time lumpsum investments allow you to invest a big amount when the market is far from its high. However, timing the market is a challenging task and one can easily end up investing right before a major plunge in the securities market. On the other side, SIP investments allow you to average your buying price, offering you great returns in the long run; but you cannot take huge advantage of the stock market fall with systematic investment plans. Thus, you can pick the one that best suits your needs or investment style.

Q. Will I earn returns predicted by ICICI mutual fund SIP calculator ?

A. ICICI SIP calculators estimate returns based on past MF performance or estimated rate of return in the future. In case your mutual fund earns the expected ROI, then you can create the wealth predicted by ICICI mutual fund SIP calculator.

Q. What is the maximum tenure for SIP ?

A. There is no maximum tenure for SIP, and you can invest in one as long as you want.

Q. Can I change the SIP investment amount ?

A. It is not possible to change the monthly investment amount. However, you can start another SIP for the additional amount, or cancel the existing SIP and start another systematic investment plan with the lower amount.

Also Read : SBI Mutual Fund Returns Calculator

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