FV Function in Excel: Future Value of Savings or SIPs

⏱ 1 min readUpdated 28 September 2026

FinancialLevel: IntermediateAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. Related functions

FV returns what regular investments (like a SIP or RD) grow to at a fixed rate.

Syntax

=FV(rate, nper, pmt, [pv], [type])
Argument What it means
rate Rate per period (annual/12 for monthly).
pmt Regular investment, as a negative number.
type 1 if you pay at the start of each period (typical for SIPs).

Examples

Example 1

=FV(12%/12, 10*12, -10000, 0, 1)

₹10,000 a month for 10 years at 12% a year — about ₹23.2 lakh.

💡 Market-linked returns vary year to year; FV assumes a constant rate, so treat it as an estimate.

PV · PMT · XIRR

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