We use the standard compounding interest formula: M = P × [((1 + i)^n - 1) / i] × (1 + i). Here, 'P' is your monthly investment, 'i' is the monthly interest rate, and 'n' is the number of months. This ensures your growth is calculated with periodic compounding accuracy.

A Step-up SIP allows you to increase your monthly investment by a fixed percentage annually. This small increment leverages the power of compounding on a larger base each year, potentially creating a significantly larger wealth corpus than a static SIP.

This calculator provides nominal values based on your expected return rate. While it doesn't automatically deduct inflation, you can estimate real returns by subtracting the expected inflation rate (e.g., 6%) from your target return rate.