Future value of your Investments
Illustrative Compounded Growth line
You need to Invest today
Illustrative Investment vs Interest Earned* dognut
As mentioned above, knowing the expected gains you can earn from an SIP is essential, and you can find that using a Bandhan Bank SIP calculator. Here are the steps you need to follow to use the Bandhan Bank SIP calculator:
Step 1: Add the amount you have decided to invest
Step 2: Provide the fund’s expected return rate
Step 3: Enter the investment horizon
By applying the following formula, Bandhan Bank provides you with the expected returns on your selected mutual fund:
A = P*((1+i)^n)-1)/i)*(1+i)
A is the maturity amount of the SIP
P is the investment amount
i is the compounded rate of return (annual rate of return divided by 12)
n is the number of months
The Bandhan Bank SIP calculator is a handy digital tool that offers the following advantages:
The Bandhan Bank SIP calculator is an online tool that lets you quickly compute expected returns on your investment. Hence, it saves you time, as the manual method to calculate your potential returns is a complex and lengthy process.
With this online tool, you can easily compare different mutual fund schemes and choose the one that offers the highest returns. However, note that these results are based on past performance of the fund, and there is no guarantee that a fund will replicate the growth trajectory.
You can easily access the Bandhan Bank SIP calculator facility on the bank’s website without spending a penny. There are no limits on the number of calculations and you can use this tool to assess and compare multiple mutual fund schemes.
Before you invest in a mutual fund, it is important to assess the expected returns. This helps you evaluate whether you can fulfil your financial goals, based on your contributions. For this type of planning, tools like the Bandhan Bank SIP calculator are crucial.
You can use it to compare different schemes and determine a suitable SIP contribution you need to make. Visit Bajaj Markets to compare and opt for an appropriate mutual fund scheme.
To calculate potential returns using the Bandhan Bank SIP calculator, enter the SIP amount, expected growth rate, and investment tenor.