How to calculate SIP returns?

I have seen many SIP calculator online. I noticed there are 2 different return value for same input.

For example:

Investment = 5000 | Duration = 1 year | Frequency = Monthly | Expect return = 12

Result on
Mutual Fund Shai hai - Mutual Fund Calculators - Calculate Mutual Funds Returns Online = 63,412.52
Axis Bank = 63,413
ICICI Direct - SIP Return Calculator - Mutual Funds Returns Calculator | ICICI Prudential MF = 64,047
HDFC = 64.047

I know mutualfundssahihai is the official website for the mutual funds in India, so there calculation will be correct.

However the formula for compounding interest is

FV =	P * ( R * ( 1+i )n -1 )	* ( 1 + i )
           ---------------------------------------------
                                  i

which returns 64.047.

So I am stuck in my calculation. Can anyone help me to figure out right formula or right calculation for SIP

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@Bhuvan Can you .

What do you mean?

Donwload this

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HERE IS SIP CALC IN EXCEL. YOU CAN CHANGE SIP AMOUNT AND ANNUAL RETURN. PLEASE DO NOT EDIT ANYTHING ELSE.

JUST EDIT FIRST COLUMN AMOUNT IN SIP AND ANNUAL RETURN. OTHERS WILL BE UPDATED AUTOMATICALLY

FIRST YOU HAVE TO DOWNLOAD THIS TO EDIT.

EXCEL SIP CALC <<CLICK HERE TO DOWNLOAD