FAQ'S ( Frequently Asked Questions )
1. What is SIP Calculator?
Ans: SIP stands for Systematic Investment Plan. SIP Calculator is a tool that is used to calculate the potential returns on investment in a Systematic Investment Plan (SIP) of mutual funds over a period of time.
2. Full Form of SIP Calculator?
Ans: The full form of SIP is known as Systematic Investment Plan (SIP).
3. Usages of SIP Calculator?
Ans: Accurate Calculation, Helps in Goal Setting, Helps in Portfolio Management, Saves Time, and Helps in Decision Making.
4. How to identify SIP calculator formula?
Ans: The SIP Calculator is identify using the amount invested periodically, the investment tenure, the rate of interest, and the investment frequency.
5. Formula of SIP calculator?
Ans: Formula of SIP Calculator is "M = P × ({[1 + i]^n – 1} / i) × (1 + i)".
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