How to Use the SIP Calculator

Last Updated: October 12, 2025

1. Accessing the SIP Calculator

Visit the Nova Tools homepage and locate the "SIP Calculator" tool card in the Tools section. The card displays a chart-line icon and the description "Calculate your SIP returns for FY 2025-26 with monthly or yearly investments." Click the card to open the calculator modal.

2. Opening the Calculator Modal

Clicking the tool card opens a modal titled "Advanced SIP Calculator (FY 2025-26)". This modal contains input fields for Investment Amount, Investment Frequency, Expected Annual Return Rate, and Investment Tenure. You can close the modal by clicking the "×" button in the top-right corner or clicking outside the modal.

3. Entering Investment Amount

In the "Investment Amount (₹)" field, enter the amount you plan to invest per period in rupees (e.g., 5000 for monthly or 60000 for yearly investments). Ensure the value is positive (minimum 1), as invalid inputs will trigger an alert.

4. Selecting Investment Frequency

Choose the investment frequency from the "Investment Frequency" dropdown: "Monthly" (default) or "Yearly". This determines whether your investment amount is applied monthly or annually in the calculation.

5. Entering Expected Annual Return Rate

In the "Expected Annual Return Rate (%)" field, enter the anticipated annual return rate (e.g., 12 for 12%). You can use decimals (e.g., 12.5), but the rate must be positive (minimum 0.1). This represents the expected annualized return from your SIP investment.

6. Entering Investment Tenure

In the "Investment Tenure (Years)" field, enter the duration of your investment in years (e.g., 10). The tenure must be positive (minimum 1) to ensure accurate calculations.

7. Calculating Returns

Click the "Calculate Returns" button to compute your SIP returns for FY 2025-26. If all inputs are valid, the tool calculates the total invested amount, future value, estimated returns, and annualized return using the compound interest formula for SIPs.

8. Viewing SIP Results

After calculation, a result section appears, showing:

Invested Amount: Total amount invested (e.g., ₹6,00,000).
Estimated Returns: Wealth gained from the investment (e.g., ₹4,32,000).
Total Value: Future value of the investment (e.g., ₹10,32,000).
Annualized Return: Effective annualized return (e.g., 12.34%).

All amounts are formatted with commas for readability. You can modify inputs and recalculate as needed. If any input is invalid (investment, rate, or tenure ≤ 0), an alert will appear: "Please enter valid values: Investment > 0, Return Rate > 0, Tenure > 0."