ICICI SIP Calculator

A Systematic Investment Plan, or SIP, is a method of investing in mutual funds where you contribute a fixed amount at regular intervals, typically every month. Instead of putting in a large lumpsum at one go, SIPs let you spread your investment over time.

Each month, a pre-decided amount is auto-debited from your bank account and used to buy units of your chosen mutual fund. Over time, this builds a disciplined investing habit while also smoothing out the impact of market ups and downs.

SIPs work well for long-term wealth creation because of two core principles. The first is rupee cost averaging, where you end up buying more units when prices are low and fewer when prices are high, which averages out your overall purchase cost. The second is compounding, where the returns generated on your investments themselves start generating returns, leading to faster wealth accumulation the longer you stay invested.

SIPs are flexible. You can start one, pause it, increase the amount, or stop it at any time. This makes them suitable for salaried investors, first-time investors, and anyone with a long-term financial goal like retirement, a home down payment, or a child’s education.

A SIP calculator uses a standard mathematical formula to estimate how much your monthly investment can grow into over time. The formula is:

M = P × ({[1 + i]ⁿ – 1} / i) × (1 + i)

Where:

Why monthly return, not annual?

Many people make the mistake of taking the expected annual return and simply dividing it by 12 to get the monthly rate. For instance, treating a 12% annual return as 1% per month. This gives an inflated result because mutual fund returns compound.

The correct approach is to convert the annual return into an effective monthly return using this formula:

Monthly Return = (1 + Annual Return)^(1/12) – 1

For an annual return of 12%, the effective monthly return works out to about 0.95%, not 1%. When you compound 0.95% monthly across 12 months, you correctly arrive at 12% annually. Using a flat 1% per month would compound to over 12.6% per year, overstating the maturity value.

A worked example

Let’s say you invest ₹1,000 every month for 12 months at an expected annual return of 12%.

First, convert the annual return into a monthly rate:

i = (1 + 0.12)^(1/12) – 1 = 0.0095 (or 0.95%)

Now apply the SIP formula:

M = 1,000 × ({[1 + 0.0095]¹² – 1} / 0.0095) × (1 + 0.0095)

M ≈ ₹12,766

So a ₹1,000 monthly SIP for 12 months at 12% annual return grows to approximately ₹12,766 (₹12,000 invested + ₹766 gain).

Note that this assumes a steady rate of return throughout the SIP period. In reality, mutual fund returns vary with market conditions. The calculator gives you an estimate, not a guaranteed outcome.

Ranked by AUM, these are ICICI Prudential’s largest mutual funds available for SIP. Past performance is not indicative of future results.

AUM and returns as of March 19, 2026. Source: AMFI

Past returns alone don’t determine the right fund for you. Fund suitability depends on your existing portfolio, risk profile, age, income, and financial goals.

NovaAI, Novelty Wealth’s AI-powered advisory engine, scores every ICICI Prudential mutual fund on a personalized scale and recommends the funds best suited to you. The highest-scoring ICICI Prudential fund for one investor may be different from the best pick for another.

Available on the Novelty Wealth app. Connect your existing portfolio and get personalized ICICI Prudential fund scores and recommendations.

When investing in ICICI Prudential mutual funds, you can choose between a SIP or a lumpsum (one-time) investment. Both have their place.

For most retail investors building long-term wealth, a SIP is the recommended approach. It removes the pressure of market timing and converts your monthly savings into long-term wealth. Lumpsum investments work better when you have a large windfall and a clear conviction that the market is undervalued.

You can use both approaches together. For instance, run a steady SIP and add a lumpsum investment whenever you have surplus cash.

Comparing ICICI Prudential with other leading AMCs on key institutional attributes:

Data as of March 2026. Source: AMFI

Each AMC has different strengths and operates across different segments of the market. Consider an AMC that aligns with your investment philosophy and goals.

ICICI Prudential Mutual Fund, one of India’s leading mutual fund houses, was set up on 12-Oct-1993 (as per AMFI). It is sponsored by ICICI Bank Limited, Prudential plc.

With total direct-plan AUM of approximately ₹9.48 Lakh Cr, 105+ active direct plan schemes, and a track record of 33+ years, ICICI Prudential Mutual Fund serves investors across equity, debt, hybrid, and index categories.

ICICI Prudential offers schemes across major mutual fund categories, with funds suited to different risk profiles and investment goals.

ICICI Prudential Mutual Fund covers all major fund categories Indian SIP investors commonly use. Below are some of the popular ones based on the top funds by AUM:

ICICI Prudential’s product range spans across risk profiles, from equity-oriented schemes to hybrid and index funds.

ICICI Prudential Multi-Asset Fund

ICICI Prudential Multi-Asset Fund invests across multiple asset classes including equity, debt, and gold, providing diversification beyond pure equity. This is for investors seeking broad asset diversification within a single fund. Use the ICICI Prudential Multi-Asset Fund SIP calculator above to estimate your returns.

ICICI Prudential Large Cap Fund

ICICI Prudential Large Cap Fund invests primarily in India’s top 100 companies by market capitalization. This is for investors seeking exposure to established blue-chip companies with relatively lower volatility than mid or small-cap funds. Use the ICICI Prudential Large Cap Fund SIP calculator above to estimate your returns.

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund dynamically shifts between equity and debt based on market valuations, offering equity-linked exposure with lower volatility than pure equity funds. This is for investors who want equity participation with a built-in cushion against market corrections. Use the ICICI Prudential Balanced Advantage Fund SIP calculator above to estimate your returns.

ICICI Prudential Value Fund

ICICI Prudential Value Fund follows a value investing approach, selecting stocks that appear undervalued relative to their fundamentals. This is for investors who believe in long-term value-driven investing. Use the ICICI Prudential Value Fund SIP calculator above to estimate your returns.

ICICI Prudential Equity & Debt Fund

ICICI Prudential Equity & Debt Fund maintains a mix of equity and debt instruments with a higher equity tilt. This is for investors seeking equity-oriented growth with some debt allocation for stability. Use the ICICI Prudential Equity & Debt Fund SIP calculator above to estimate your returns.

ICICI Prudential India Opportunities Fund

ICICI Prudential India Opportunities Fund is a focused equity scheme designed for investors seeking targeted equity exposure as part of their portfolio. Use the ICICI Prudential India Opportunities Fund SIP calculator above to estimate your returns.

ICICI Prudential Large & Mid Cap Fund

ICICI Prudential Large & Mid Cap Fund invests in a mix of large-cap and mid-cap stocks. This is for investors looking to balance the stability of large-caps with the growth potential of mid-caps within a single scheme. Use the ICICI Prudential Large & Mid Cap Fund SIP calculator above to estimate your returns.

ICICI Prudential Dynamic Asset Allocation

ICICI Prudential Dynamic Asset Allocation is a focused equity scheme designed for investors seeking targeted equity exposure as part of their portfolio. Use the ICICI Prudential Dynamic Asset Allocation SIP calculator above to estimate your returns.

ICICI Prudential Flexicap Fund

ICICI Prudential Flexicap Fund invests across large, mid, and small-cap stocks based on market opportunities. This is for investors seeking diversified equity exposure with a long-term horizon. Use the ICICI Prudential Flexicap Fund SIP calculator above to estimate your returns.

ICICI Prudential Equity Savings Fund

ICICI Prudential Equity Savings Fund combines equity, arbitrage, and debt to generate returns with relatively lower volatility than pure equity funds. This is for investors seeking moderate returns with a conservative risk profile. Use the ICICI Prudential Equity Savings Fund SIP calculator above to estimate your returns.

The ICICI Prudential SIP calculator estimates what your monthly SIP investment could grow into over time. Here’s how it works:

The calculator shows your total invested amount, wealth gained through compounding, and final maturity value. Use it to plan the monthly SIP amount needed for goals like retirement, children’s education, or long-term wealth creation.