SIP Calculator – Vitiyagyan

SIP AMOUNT

₹

EXPECTED RATE OF RETURN

INVESTMENT DURATION

months

TOTAL AMOUNT INVESTED

TOTAL FUTURE AMOUNT

TOTAL RETURNS

What is SIP?

SIP stands for Systematic Investment Plan. In SIP, the investor invests a fixed amount in a chosen Mutual Fund over a period of time. Since the invested amount is fixed and done at a steady time interval, the investor avoids having to time the market and is not affected much by the rise and fall of the market. In the long run, SIPs help inculcate a practice of periodic investment which can lead to long-term saving and higher returns.

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in the public interest.

The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and the remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance, and other stakeholders.

Visit The ICAI Website

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