SIP Future Value Formula
Expression: FV = P × [((1+r)^n − 1) / r] × (1+r)
SIP future value accounts for regular monthly investments with compound growth. Each installment earns returns for different durations — earlier installments compound longer.
Example: ₹5,000/month SIP at 12% for 10 years
P = ₹5,000, r = 0.12/12, n = 120 months
FV formula applied with monthly compounding
Result: Future value ≈ ₹11,50,193