Nippon India SIP calculator
Project any monthly SIP below. Independent tool, no fund data. The section beneath covers something most calculators ignore: an index fund and an active fund should not be given the same return assumption, and the reason is arithmetic rather than ideology.
Your SIP
What leaves your bank account every month. Type any amount — the slider is just a shortcut.
An assumption, not a promise. Equity funds are usually modelled at 10–12%; see what rate to assume.
Set 0 to switch the "today’s money" column off. India’s CPI has averaged close to 6% over the past decade; the RBI targets 4% with a 2-point band.
What it projects to
What you investWhat compounding addsValue in today’s money
| Year | Monthly | Invested so far | Returns | Value at year end | In today’s money |
|---|---|---|---|---|---|
| 1 | ₹5,000 | ₹60,000 | ₹4,047 | ₹64,047 | ₹60,421 |
| 2 | ₹5,000 | ₹1,20,000 | ₹16,216 | ₹1,36,216 | ₹1,21,232 |
| 3 | ₹5,000 | ₹1,80,000 | ₹37,538 | ₹2,17,538 | ₹1,82,649 |
| 4 | ₹5,000 | ₹2,40,000 | ₹69,174 | ₹3,09,174 | ₹2,44,895 |
| 5 | ₹5,000 | ₹3,00,000 | ₹1,12,432 | ₹4,12,432 | ₹3,08,193 |
| 6 | ₹5,000 | ₹3,60,000 | ₹1,68,785 | ₹5,28,785 | ₹3,72,773 |
| 7 | ₹5,000 | ₹4,20,000 | ₹2,39,895 | ₹6,59,895 | ₹4,38,868 |
| 8 | ₹5,000 | ₹4,80,000 | ₹3,27,633 | ₹8,07,633 | ₹5,06,719 |
| 9 | ₹5,000 | ₹5,40,000 | ₹4,34,108 | ₹9,74,108 | ₹5,76,573 |
| 10 | ₹5,000 | ₹6,00,000 | ₹5,61,695 | ₹11,61,695 | ₹6,48,685 |
| 11 | ₹5,000 | ₹6,60,000 | ₹7,13,074 | ₹13,73,074 | ₹7,23,318 |
| 12 | ₹5,000 | ₹7,20,000 | ₹8,91,261 | ₹16,11,261 | ₹8,00,747 |
| 13 | ₹5,000 | ₹7,80,000 | ₹10,99,656 | ₹18,79,656 | ₹8,81,256 |
| 14 | ₹5,000 | ₹8,40,000 | ₹13,42,090 | ₹21,82,090 | ₹9,65,140 |
| 15 | ₹5,000 | ₹9,00,000 | ₹16,22,880 | ₹25,22,880 | ₹10,52,710 |
Why the assumption should differ
An index fund aims to match its benchmark, minus costs. So its expected return is benchmark minus expense ratio minus tracking error — typically 0.1% to 0.5% of drag in total. If your benchmark assumption is 12%, an index fund's honest assumption is about 11.5–11.9%.
An active fund aims to beat the benchmark, and charges more for trying — often 1% to 2%. So its expected return is benchmark plus whatever the manager adds minus a larger fee. To match the index fund net of costs, the manager has to add roughly 1 to 1.5 percentage points a year, every year, just to break even against a passive alternative.
Some do. Many do not, and the proportion that does varies by category and by period. The point is not that active management cannot work — it is that if you model both at 12%, you have silently assumed the active manager beats the index by exactly their fee, which is a strong assumption you did not intend to make.
What the drag looks like
₹10,000 a month for 20 years, on a 12% gross benchmark assumption:
| Scenario | Net return | Projected value |
|---|---|---|
| Index fund, 0.2% cost | 11.8% | ₹97,24,759 |
| Active fund matching the index gross, 1.5% cost | 10.5% | ₹81,75,968 |
| Active fund adding 1.5% gross, 1.5% cost | 12% | ₹99,91,479 |
| Active fund adding 3% gross, 1.5% cost | 13.5% | ₹1,22,76,223 |
The gap between the first two rows — ₹15.49 L — is what an active fund gives up if the manager merely matches the index before fees. The third row is break-even. Everything above it is genuine outperformance.
This is not an argument for one or the other. It is an argument for entering a rate that reflects which one you actually own.
Tracking error, briefly
An index fund never matches its index exactly. Cash drag from inflows, the timing of index rebalances, and dealing costs all introduce a small divergence, reported as tracking error or tracking difference in the factsheet.
For large, liquid indices it is usually a fraction of a percent. For narrower or less liquid indices it can be materially larger, and it is worth checking before assuming an index fund is a clean proxy for its benchmark.
Checking the real figures
Where to find a fund’s real numbers
This page cannot tell you what any fund returned, and you should be wary of any calculator that claims to. For actual figures, go to the primary sources:
- AMFI NAV history — daily NAVs for every Indian scheme, from the industry body.
- The scheme's own factsheet and Scheme Information Document, on the fund house's site. This is where the mandate, the expense ratio and the benchmark are stated.
- Your own statement, which quotes XIRR for SIP holdings — the only figure that reflects what you actually earned. Check it against the XIRR calculator.
Before you rely on this
An estimate, not a forecast
This is arithmetic applied to assumptions you chose. Mutual funds carry market risk, returns are not guaranteed, and past performance does not indicate future results. Nothing here is personalised advice — for decisions of any size, speak to a SEBI-registered investment adviser.
Questions people actually ask
Are index funds better than active funds?
They are cheaper and more predictable relative to their benchmark, which is a real structural advantage. Whether they are "better" depends on whether your active fund adds more than its extra fee — which some do, and which is hard to identify in advance.
The defensible position for a calculator: model each at its own honest net rate rather than assuming they are the same.
What rate should I use for an index fund SIP?
Your benchmark assumption minus the expense ratio minus tracking error. On a 12% benchmark assumption with a 0.2% fund, about 11.7%.
Then test three points lower, as with anything else — see what rate to assume.
Is this the official Nippon India Mutual Fund calculator?
No. This is an independent calculator, not operated by or affiliated with Nippon India Mutual Fund. It applies the standard SIP formula to the assumptions you enter and shows no fund data of any kind.
For anything account-specific — your folio, a transaction, a statement — go to Nippon India Mutual Fund directly or to your platform. For the formula this page uses, see the methodology page.