Lesson#199: How to make a SIP Calculator in Excel

Systematic Investment Plan (SIP) is a popular way of investing in mutual funds. It allows investors to invest a fixed amount of money at regular intervals, instead of investing a lump sum amount. SIP is a great way to start investing in small amounts and build wealth over time. In this article, we will show you how to make a SIP calculator in Excel, using the FV formula.

Creating a SIP Calculator

To create a SIP calculator, you will need to input the following information:

1. Interest rate
2. Number of periods (in months)
3. SIP amount

You can create input cells for these values and use the FV formula to calculate the future value of your investment. Here’s an example of how the formula would look like:

=FV($B$1/12, $B$2, -$B$3,0, 1)

Where B1 is the interest rate, B2 is the number of periods, and B3 is the SIP amount.

Conclusion

Creating a SIP calculator and SIP goal planner in Excel is easy and straightforward. By using the FV formula, you can calculate the future value of your investment. With these tools, you can plan and track your investments, and make informed decisions about your financial goals.

Here is a SIP calculator that gives you additional information suggesting, the SIP amount, SIP tenure, or SIP interest rate. Download from the below link.