✕
Home
Investor Relations
Contact Us
Trust & Safety

Estimate Your Mutual Fund Returns

What is a Daily SIP Calculator and how does it work?

A Daily SIP calculator helps you estimate the potential value of your investments over time. Simply enter your Daily SIP investment amount, duration, and expected returns to see your estimated future corpus.

What is a Daily SIP?

A Systematic Investment Plan (SIP) is commonly done on a monthly basis, but a daily investment plan in Mutual Funds takes consistency a step further. You invest a fixed, smaller amount every single day. The amount is deducted from your bank account automatically, and you are allocated units based on the fund’s end-of-day NAV. This makes starting Daily SIP Plans incredibly accessible and easy on the wallet.

How to use the Daily SIP Return Calculator?

The calculator has three key components: daily investment, expected rate of return, and time period.

In the daily investment component, enter the amount you wish to put into a daily Mutual Fund SIP every day. In the expected rate of return component, enter the annualized returns you anticipate receiving. It is important to temper your expectations – while short-term returns can be volatile, long-term averages tend to be more moderate. In the final component, enter the number of years you want to continue your SIP.

Once you enter the details, the calculator will show your total invested amount, estimated returns earned, and the final maturity value of your investment.

How does the Daily SIP Calculator help you?

Let’s say you have a goal of going on a vacation in three years which will cost you roughly ₹2 lakhs. You start a Daily SIP Mutual Fund investment of ₹100 (which equates to roughly ₹3,000 a month) and you expect a return of 12% CAGR. When you enter these values into the calculator, it will show you that the amount is insufficient for your ₹2 lakh goal, prompting you to increase your daily contribution to roughly ₹160 to hit your target. The calculator helps you plan and adjust your goals efficiently.

The Daily SIP Calculator Formula

The mathematical formula for calculating your corpus from a Daily SIP is as follows:

FV = P × [ ((1+rdn)ⁿ − 1) / rdn ] × (1+rdn)

This is where:

  • FV = Future Value, i.e. the total corpus at the end of the investment period
  • P = Daily SIP amount invested
  • rdn = Daily nominal rate of return
  • n = Total number of days in a year

Daily nominal rate of return (rdn) is calculated as:

 rdn = (1 + r) (1/ⁿ) – 1

Where,

r = is the annual expected rate of return on the investment

n = Total number of days in a year

What are the benefits of investing via a Daily SIP?

A Daily SIP is the ultimate convenient method for micro-investing. When you find the best Daily SIP Mutual Fund for your risk appetite, your chosen fixed amount is automatically invested every day. This eliminates the emotional hurdle of trying to time the market.

Daily investing is excellent for building financial discipline. Because your money is deployed every single trading day, you capture every minor market dip and rise. This helps you achieve an extreme form of rupee-cost averaging, you buy slightly more units when the market is down and slightly fewer when the market is up, which smooths out market volatility even more effectively.

Another massive benefit is accessibility. You can start a Daily SIP on PhonePe with as little as ₹10.

Daily SIP vs Monthly SIP

Daily SIPMonthly SIP
Investment:EverydayOnce a month
Minimum Investment:₹10₹100
Suitable for:People with daily cash flowsPeople who receive monthly salary

FAQs

How to use the Daily SIP Calculator?

Enter your Daily SIP amount, expected annualized returns, and total investment duration in years to see how much your money could grow over time.

How accurate is this SIP calculator?

Our calculator uses the standard mathematical formula for compounding. However, it provides an estimate based on the static rate of return you input. Actual market returns fluctuate daily, so the final corpus will vary based on real-world market performance.

What is the minimum amount to start a Daily SIP?

While traditional Mutual Funds often require ₹500 or ₹1,000 monthly, you can explore the Daily SIP option on PhonePe, which lets you start investing with as little as ₹10 a day.

Is SIP the same as Mutual Funds?

SIP and Mutual Funds are not the same. A SIP is simply a method of investing in Mutual Funds. Think of it like scoring runs in a cricket match: a batsman can score in bulk by hitting a six (a lump-sum investment), or they can accumulate runs by consistently running between the wickets (SIPs). Daily SIPs are like running quick singles, small, consistent efforts that add up to a massive score in the end.

How much Daily SIP is needed to reach ₹1 crore in 15 years?

To reach a corpus of ₹1 crore in 15 years at an assumed return rate of 12%, you would need to do a Daily SIP of roughly ₹660. If you reduce your expected rate of return to 10%, you will have to increase your Daily SIP to approximately ₹800.

Start SIP