# HDFC SIP Calculator

SIP is one of the preferred routes when investing in mutual funds. When you opt for an SIP mode, a fixed amount is deducted from your account at regular intervals. You can schedule weekly, monthly, or quarterly contributions. While there are umpteen options available, HDFC is one of the financial institutions that allow you to invest in mutual funds via SIP mode. To help you plan the approach, and ensure efficacy down the line, you can use the HDFC SIP calculator. This digital tool is easy to use, and it eliminates the possibility of manual error. Read on to learn more about the SIP calculator from HDFC and how you can use it to compute potential returns.
Monthly SIP
Lumpsum
I want to invest (Monthly)
₹ 1000 ₹ 100000
For a Period of
Years
1 Y 30 Y
Expected Growth Rate
%
1 % 30 %

Future value of your Investments

Total Investment

Total Gains

Illustrative Compounded Growth line

Select Inflation%

• 4%
• 6%
• 8%

Goal Amount

You need to Invest today

Total Investment

Interest Earned

Illustrative Investment vs Interest Earned* dognut

Total Investment
Interest Earned

## How to Use the HDFC SIP Calculator

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.

## What is the Formula that the HDFC SIP Calculator Uses?

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)

Where,

‘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

## What are the Benefits of Using the HDFC SIP Calculator?

As a digital tool, there are quite a few upsides to the HDFC SIP calculator.

• ### Easy to Use

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.

• ### Allows Informed Decision-Making

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.

• ### Free-to-use

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.

## FAQs on HDFC SIP Calculator

### What are the charges for using an HDFC SIP Calculator?

There are no associated charges if you wish to calculate your MF returns using the HDFC SIP calculator.

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