Nitin Joshi asked on 12/03/2023

SIP calculator for NRIs in India?

answered on 21/03/2023

A SIP or Systematic Investment Plan is a payment of a fixed amount made at regular intervals for any investment opportunity such as Mutual Funds, trading accounts etc.


SIP calculator for NRI

To calculate the returns on SIP for your mutual fund investments you need the following data:

  • Monthly Investment Amount
  • Percentage of Returns
  • Investment Period

There are various websites where you can enter these information and know about the returns on your SIP investments. SBNRI can help you in calculating your returns on your SIP investments.


Is SIP Tax-Free in India?

SIP is not tax free for NRIs. Different types of Mutual Funds are taxed differently:


*(Equity Funds: An equity fund is a mutual fund that invests principally in stocks)

*(Debt Funds: A debt fund is a mutual fund that invests in fixed-interest generating securities such as corporate bonds, government securities)


Nature of Profits / Income

Equity Funds*Debt Funds*
Minimum Holding period for Long term capital gains1 year

3 years

Short term capital gains taxation

15% + 4% cess* = 15.60%As per the tax rate of the investor (30% + 4% cess = 31.20% for investors in the highest tax slab)
Long term capital gains taxation10% + 4% cess = 10.40% (if the long term gain exceeds Rs 1 Lakh)

(long term gains up to Rs 1 Lakh is tax-free) 

20% with indexation*


*(Cess: A cess is a tax on tax that you pay to the government for purposes set by the government. The cess is charged till the objective set by the government is fulfilled. Eg: Krishi Kalyan Cess, Swachh Bharat Cess etc.)


*(Indexation: Indexation refers to the technique of adjusting income payments using a price index to maintain the purchasing power of the public after inflation) 


However, you can later claim for a tax refund according to your tax slab. 


Income Tax Slab

Tax Rate
Up to 2.5 Lakhs


2.5 Lakhs to 5 Lakhs 

5 Lakhs to 7.5 Lakhs


7.5 Lakhs to 10 Lakhs

10 Lakhs to 12.5 Lakhs


12.5 Lakhs to 15 Lakhs

15 Lakhs and above



Note: NRIs need not pay double taxes. There is a provision called DTAA (Double Taxation Avoidance Treaty). If the DTAA is signed between India and the country of residence of the NRI, the NRI will not be paying double taxes on the same source of income. NRIs will however need to pay differential taxes. (For example: If for a certain investment, taxes are 30% in India and 40% in the USA, NRIs from the USA need to pay the remaining 10% to US.)


India has signed DTAA with more than 85+ countries all around the globe including USA, UK, Saudi Arabia and UAE. You can check the list of the countries and find additional information regarding DTAA here.


For more queries like “SIP calculator for NRI”, click here.



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