The below formula is used to calculate the rate of return for SIP.
It may vary by R.
Final Value of Investment = Monthly investment * ([(1+ R)^N - 1]/R) * [(1+ R)^M]
where -
N - No of monthly Installments paid
M - Remaining days after date of payment of last installment / 30
R - Monthly Rate of return
R can be found out only by trial and error either manualy or by a program.
Or Please enter values to find SIP calculation.
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