FV Function in Excel: Future Value of Savings or SIPs

FV Function in Excel: Future Value of Savings or SIPs featured illustration

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⏱ 2 min readUpdated 5 October 2026

FinancialLevel: IntermediateAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. FV in practice
  5. Where you will use it
  6. Worked example
  7. Mistakes people make
  8. Related functions
  9. Continue learning

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

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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.

FV in practice

Where you will use it

  • Value of a monthly SIP after N years
  • Recurring deposit maturity
  • Savings goals

Worked example

SIP corpus at a steady return (illustration, not advice).

Monthly SIPAnnual returnYearsFormulaResult
50000.1210=TEXT(FV(B2/12,C2*12,-A2),"#,##0")11,50,193
100000.085=TEXT(FV(B3/12,C3*12,-A3),"#,##0")7,34,769
20000.1520=TEXT(FV(B4/12,C4*12,-A4),"#,##0")29,94,479

Results calculated in Excel.

Mistakes people make

MistakeWhat to do instead
Annual rate with monthly paymentsDivide the rate by 12 and multiply years by 12
Negative resultPayments are cash out; enter the SIP as negative

PV · PMT · XIRR

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📎 Practice files for this article

  • 📗
    Practice workbook: Financial: EMI, SIP, NPV, IRR, depreciation23 tasks on realistic sales data — type your formula, the Check column turns green when it is right. Answers sheet included.
    ⬇ XLSX · 35 KB

Free to use for learning. Files with macros (.bas) are plain text — import them with Alt+F11 → File → Import File, and always test on a copy.

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