Estimate what a monthly SIP could grow to, with an option to raise the amount every year.
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How it is worked out
- Each instalment is invested at the start of the month and grows at the expected monthly return (yearly rate ÷ 12).
- With a step-up, the monthly amount rises by the percentage you enter after every 12 instalments.
- Returns are not guaranteed. Mutual fund investments are subject to market risk.
Questions people ask
How are mutual fund gains taxed?
Equity fund gains are taxed when you redeem: 20% if held for 12 months or less, and 12.5% on gains above ₹1.25 lakh a year if held longer.
What return should I assume?
Use a conservative figure. Past returns do not guarantee future returns.
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