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[Feature] Add SIP Calculator #918

Closed
4 of 7 tasks
AnandK-pm opened this issue May 27, 2024 · 2 comments
Closed
4 of 7 tasks

[Feature] Add SIP Calculator #918

AnandK-pm opened this issue May 27, 2024 · 2 comments
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duplicate 🔁 This issue or pull request already exists

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@AnandK-pm
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Description

Adding an SIP calculator for mutual funds.

  • Users will be able to calculate their returns by giving several parameters as input , such as
    • SIP amount.
    • Monthly or quarterly option.
    • Expected % returns.
    • Total Duration (In years).

The formula used by the SIP calculator is:
FV = P × ({[1 + i]n – 1} / i) × (1 + i)

FV = Future value.
P = SIP amount.
i = Expected rate of return per frequency period.
n = Number of instalments.

Using this calculator, users will be able to strategize their personal mutual funds investements.

Screenshots

Proposed design /feature.

Screenshot 2024-05-27 230442

Checklist

  • I have checked the existing issues.
  • I follow Contributing Guidelines of this project.
  • I am a GSSOC'24 contributor.
  • I am a IWOC'24 contributor.
  • I am a JWOC'24 contributor.
  • I am a SWOC'24 contributor.

Code of Conduct

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Hey @AnandK-pm, Welcome to the project CalcDiverse! 🎊
Thanks for opening an issue! 🙌 Please wait for the issue to be assigned. Happy Coding!! ✨

@AnandK-pm
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Closing this issue myself as it is already implemented.

@Rakesh9100 Rakesh9100 changed the title [Feature] Adding an SIP calculator (Mutual Funds) [Feature] Add SIP Calculator May 27, 2024
@Rakesh9100 Rakesh9100 added the duplicate 🔁 This issue or pull request already exists label May 27, 2024
@Rakesh9100 Rakesh9100 closed this as not planned Won't fix, can't repro, duplicate, stale May 27, 2024
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