How to calculate "expected rate of return(compounded)" for SIP investment? If I invest Rs.1000 every month for 5 years. How much return I would get?
As per your example -
Your total SIP investment over a period of 5 years is 1000*12*5=60000
Your returns compounded at the rate of 10% (assumed) is 77171.73
Like this you can put the compounded rate of return and calculate it.