Mutual Fund Returns Calculator
Project a SIP or lumpsum — with an honest check that the return beats an FD.
Plan your investment
Used for the 'in today's money' figures.
Results update live — calculations run in your browser, no signup.
₹23.23 L
Value after 10 years — 1.94× what you put in (₹10,000/mo SIP)
After ~6% inflation, this buys what ₹12.97 L buys today — a real gain of ₹97,369 over what you invested.
Assumes a constant 12.0% annual return, compounded monthly on each instalment. Market-linked, pre-tax and not guaranteed.
How your SIP corpus grows each year at a constant 12.0%.
| Year | Invested | Value | Returns |
|---|---|---|---|
| Year 1 | ₹1.20 L | ₹1.28 L | +₹8,093 |
| Year 2 | ₹2.40 L | ₹2.72 L | +₹32,432 |
| Year 3 | ₹3.60 L | ₹4.35 L | +₹75,076 |
| Year 4 | ₹4.80 L | ₹6.18 L | +₹1.38 L |
| Year 5 | ₹6.00 L | ₹8.25 L | +₹2.25 L |
Wealth milestones
When your corpus crosses each level — projected at 12.0%, past your 10-year horizon if needed.
₹5L reached
22% of your ₹23.23L corpus
₹10L reached
43% of your ₹23.23L corpus
₹15L reached
65% of your ₹23.23L corpus
₹20L reached
86% of your ₹23.23L corpus
₹24L reacheddoubled your money
2× the ₹12L you invested
₹10,000/mo at 12.0% builds ₹11.23 L of market-linked gains. That's about 1.7× the return of a ~7.0% FD, in line with the ~12.0% Nifty 50 average — but returns are not guaranteed and some years are negative.
Money doubles every
6.1 years
at 12.0% a year, any invested rupee doubles every 6.1 years (Rule of 72 ≈ 6.0 yrs)
How your return rates
Your assumed fund return vs typical reference rates — inflation is the red baseline returns must clear.
Your fund
Nifty 50
Gold
PPF
Savings FD
Inflation
₹10,000/mo — value after 10 years
The same plan under typical long-run rates for each option (nominal value).
Your fund 12%
assumed
Nifty 50 12%
long-term avg
Gold 10%
long-term avg
PPF 7.1%
tax-free
FD 7%
guaranteed
FD is guaranteed; PPF is tax-free. Gold and Nifty figures are illustrative long-term averages, not guarantees, and equity returns swing year to year. For comparison only.
The same money in different fund types
What your ₹10,000/mo SIP over 10 years grows to under typical long-run category averages — illustrative reference rates, not guarantees. Real fund returns vary widely within every category.
Your plan (yours)
12.0% assumed
Large-cap equity
~12.0% · illustrative avg
Index fund (Nifty)
~11.0% · illustrative avg
Hybrid / balanced
~9.0% · illustrative avg
Bank FD
~7.0% · typical deposit
A higher expected return compounds into a meaningfully larger corpus — but higher-return categories also carry more risk and bigger swings along the way.
Pick a target corpus and see when this SIP reaches it — projected forward at 12.0%, beyond your 10-year horizon if needed.
₹25L goal reached in
10y 5m
about 5m past your 10-year horizon — keep the plan going to get there.
- Worth ₹12.97 L in today's money after ~6% inflation.
- 48% of the corpus is market-linked gains.
- At 15.0% instead of 12.0%: +₹4.63 L.
Real returns — after 6% inflation
Your ₹23.23 L in 10 years won't buy ₹23.23 L of today's goods. Here's what it's really worth in today's money.
Maturity (nominal)
₹23.23 L
the headline figure
In today's money
₹12.97 L
real buying power
Real wealth gained
+₹97,369
over what you invested
After ~6% inflation, the ₹23.23 L you receive will buy what ₹12.97 L buys today — still a real gain of ₹97,369 versus your ₹12.00 L invested. Adjust the inflation rate under Advanced options.
What if returns are higher or lower?
What the same ₹10,000/mo SIP over 10 years grows to at another assumed return.
12.0% (yours)
₹23.23L
15.0%
₹27.87L
+₹4.63 L
extra wealth
just from a +3.0% change in the assumed annual return — small rate differences compound into big gaps.
| Return p.a. | Maturity | Returns | Multiple |
|---|---|---|---|
| 6% | ₹16.47 L | +₹4.47 L | 1.37× |
| 8% | ₹18.42 L | +₹6.42 L | 1.53× |
| 10% | ₹20.66 L | +₹8.66 L | 1.72× |
| 12% (yours) | ₹23.23 L | +₹11.23 L | 1.94× |
| 14% | ₹26.21 L | +₹14.21 L | 2.18× |
Where your wealth comes from
Your own money vs market-linked gains.
48% of your final corpus is pure gains — the rest is the ₹12.00 L you contributed. That's a 94% absolute return on the money you put in.
What this means
Investing ₹10,000 a month for 10 years at 12.0% adds up to ₹12.00 L invested, projected to grow to ₹23.23 L. That's ₹11.23 L of market-linked gains, a 1.9× return (6.8% CAGR). At 12.0% it's about 1.7× a 7.0% FD — but equity returns are not guaranteed and some years will be negative.
Key takeaways
- Invested: ₹12,00,000
- Returns: ₹11.23 L (market-linked)
- Maturity: ₹23.23 L · 1.9×
- Effective CAGR: 6.8% (assumed 12.0%)
- Worth ~₹12.97 L in today's money after ~6.0% inflation
Start investing in mutual funds
Open a free account with ICICI Prudential AMC and start an SIP online. ICICI Prudential Mutual Fund, at no extra cost to you.
Your plan: ₹10,000/month for 10 years → about ₹23.23 L.
Plan the rest of your money life
Turn this projection into a plan — a monthly SIP, a step-up, or a withdrawal strategy.
Equity mutual fund returns are market-linked and not guaranteed — this projection applies a flat 12.0%every year, but real returns swing year to year and some years are negative. The figures are also pre-tax: in India, equity-fund gains on units held over 12 months are long-term capital gains, taxed at 12.5% above a ₹1.25 lakh annual exemption (short-term gains at 20%), so your in-hand return is lower. Enter a rate net of the fund's expense ratio for a realistic estimate.
How a SIP maturity is calculated
FV = P × [ ((1 + i)ⁿ − 1) ÷ i ] × (1 + i)
- FV
- future value (maturity)
- P
- monthly investment
- i
- monthly rate = annual rate ÷ 12 ÷ 100
- n
- number of months = years × 12
Worked example
With your inputs — ₹10,000/month at an assumed 12.0% for 10 years: the monthly rate is i = 1.000% and n = 10 × 12 = 120 instalments. Each contribution is compounded from the start of its month (a level SIP, no step-up), giving a projected maturity of about ₹23.23L — ₹12.00L invested plus roughly ₹11.23L in estimated, market-linked returns (before tax, not guaranteed).
Most asked mutual fund questions
Judge it against what the same money would do elsewhere. A long-run equity fund return of around 11–13% comfortably beats a ~7% fixed deposit and a ~6% inflation rate, so it builds real wealth. Under ~7% you're barely beating an FD for far more risk; above ~15% sustained over many years is rare and usually reflects a short, lucky window. This page rates your assumed return against typical FD, PPF, gold and Nifty reference rates so you can see where it sits.
It depends on the path of returns. A lumpsum puts the full amount to work from day one, so it usually wins when markets rise steadily from a low entry point. A SIP spreads your entry across many months, which lowers the risk of investing everything at a peak and suits investing from monthly income. Neither is universally better — this tool just shows the projection for the mode you pick.
No. Equity mutual fund returns are market-linked and vary year to year — some years are negative. The expected return you enter is an assumption, not a promise, and this projection applies it as a flat annual rate. Treat the result as a planning estimate, and remember that past performance does not guarantee future returns.
Not separately. The rate you enter should be the return you expect to actually receive, i.e. net of the fund's expense ratio. A fund quoting a gross return of 12% with a 1% expense ratio leaves you roughly 11% — so enter the net figure for a realistic projection.
Taxes are not included here and depend on your jurisdiction, fund type and holding period. In India, equity fund gains on units held over 12 months are long-term capital gains, taxed at 12.5% above a ₹1.25 lakh annual exemption; units held less are short-term at 20%. Debt funds are taxed at your slab rate. Your in-hand return will be lower than the pre-tax figure shown — check the rules that apply to you or consult a tax adviser.
The complete guide to mutual fund returns
Is your return actually good?
A return only means something against an alternative. A long-run equity fund return of roughly 11–13% comfortably beats a ~7% fixed deposit and ~6% inflation, so it builds real wealth. Below ~7% you're taking market risk for an FD-like result; sustained returns above ~15% are rare and usually reflect a short, fortunate window rather than something to plan around. The benchmark ladder above places your assumed return next to typical FD, PPF, gold and Nifty reference rates — illustrative, not guarantees.
How the projection is calculated
In SIP mode, each monthly contribution compounds at your assumed annual rate for the time it stays invested, so the corpus reflects rupee-cost averaging over the whole horizon — which is why the effective CAGR is lower than the assumed rate. In lumpsum mode, the one-time amount compounds annually: future value = amount × (1 + rate)^years. Either way the rate is held constant — the single biggest driver of the result.
SIP vs lumpsum
A lumpsum puts your full amount to work on day one and tends to win when invested at lower valuations. A SIP spreads your entry across many months, lowering the risk of investing everything at a peak and suiting investing from monthly income. Many investors do both — a lumpsum when they have surplus and a SIP for discipline. This tool projects whichever mode you select.
Nominal vs real returns
The maturity figure is nominal — in future rupees. What actually grows your wealth is the real return, after inflation erodes purchasing power. At ~6% inflation, money roughly halves in buying power every twelve years, so the "in today's money" figure above is the honest one to plan around. Returns are also pre-tax; enter a rate net of the fund's expense ratio for realism.
Returns are market-linked, not guaranteed
Equity mutual funds invest in stocks, so their returns swing from year to year and some years are negative. Treat the constant rate here as a long-term planning assumption, not a promise. A 12% gross return with a 1% expense ratio is really about 11% in your hands. Past performance does not guarantee future returns.
Taxation in India
For equity funds, gains on units held over 12 months are long-term, taxed at 12.5% above a ₹1.25 lakh yearly exemption; units held less are short-term at 20%. Debt funds are taxed at your slab rate. The figures here are pre-tax, so your in-hand return will be lower — and tax rules change, so verify with a tax adviser.