![]() The main drawback is that a calculator presumes a consistent rate of return, which may not reflect the actual market conditions. While an SIP calculator provides valuable insights, it is important to note its limitations. It may increase or decrease, which may impact the estimated returns. *However, do keep in mind that the rate of interest on Mutual Funds change as per market conditions. Hence, in one year, you will receive approximately ₹12,809 The rate of return per month would be 12%/12 = 1/100=0.01 You are investing ₹1,000 per month for 12 months at a periodic rate of interest of 12%
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