Future value of your Investments
Illustrative Compounded Growth line
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Considering that the SIP requires you to make consistent contributions, it is important to plant the approach. An HDFC SIP calculator helps you quickly determine the returns you may receive after certain years of investment in a scheme.
Thus, it is essential to know how to use the SIP return calculator from HDFC. Here are some easy steps to use the systematic investment plan calculator from HDFC:
Step 1: Enter the amount of initial investment
Step 2: Add the fund’s expected growth rate
Step 3: Provide the investment horizon
Step 4: Enter the step-up percentage as per your desire and click the submit button to check your expected returns
You can also use the HDFC MF calculator to find the amount of regular contributions you will need to make for a certain investment horizon to achieve the expected returns.
The HDFC mutual fund calculator uses the following formula to calculate your expected returns on a mutual fund through a SIP route:
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
As a digital tool, there are quite a few upsides to the HDFC SIP calculator.
The HDFC SIP calculator is an online tool that you can access from the comfort of your home to get results instantly. All you have to do is enter the investment amount, rate of return, and investment horizon to get an estimate of how an MF scheme may fare in the future.
This tool allows you to instantly compute the expected returns of a given fund and the contributions you would need to make. Thus, it allows you to make an informed decision about whether a scheme will be worth investing in to achieve your financial goals.
The HDFC SIP calculator is available online for free, which means that you can use it multiple times to compare different SIP options without any restrictions.
Before investing in a mutual fund using a SIP route, it is essential to review your expected returns and monthly contributions using an HDFC SIP calculator. It not only eliminates human error, but it is also a simple tool to use.
In addition, it helps you make an informed decision about which mutual fund option to choose. You can visit Bajaj Markets to compare different mutual funds and choose one that best suits you.
There are no associated charges if you wish to calculate your MF returns using the HDFC SIP calculator.