WeVividWeVividProject the maturity value of a monthly SIP investment.
The future value of a growing monthly annuity: Maturity = P × [((1+r)^n − 1) / r] × (1+r), where P is your monthly SIP amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months. Each instalment compounds for the time remaining until maturity.
No — mutual fund SIP returns aren't fixed like a bank deposit. The rate you enter is an assumption based on expected long-term performance, and actual returns can be higher or lower depending on market conditions.