HSBC SIP Calculator

Here is the formula used to calculate the expected returns of an SIP.

A = P*((1+i)^n)-1)/i)*(1+i)

Where,

‘A’ is the maturity amount of the SIP

‘P’ is the investment amount

‘n’ is the compounded rate of return (annual rate of return divided by 12)

‘n’ is the number of months

Check out the various benefits of using the HSBC SIP calculator.

• Easy to Use

   

The HSBC SIP calculator is a convenient tool that calculates the expected SIP returns instantly. It eliminates the need for manual calculations and saves time and energy. Additionally, it also reduces the chances of any errors associated with manual calculations.

You simply need to enter the investment amount, the rate of return and the investment duration to get the results. Some SIP calculators allow you to calculate returns for up to 10 years, which can be quite difficult with manual calculations.

• Provides Expected Returns

   

The most significant benefit of the HSBC SIP calculator is that it determines the expected returns of a mutual fund investment. It helps you make an informed investment choice since you can explore various investment options across different periods. 

With the help of this SIP calculator, you can compare multiple scenarios and choose a suitable option based on your financial goals. 

• Helps You Reach Your Planned Financial Goals

   

Another benefit is that this calculator helps you save funds to meet your specific short-term and long-term goals. With reliable insights, you can work on healthy financial habits, which include saving money, investing frequently, and diversifying your portfolio. 

• Available Online for Free

   

An attractive feature of the HSBC SIP calculator is that you can use the tool free of cost. You can use it an unlimited number of times without any restrictions. Simply access it through your smartphone or laptop from the comfort of your home.

Using the HSBC SIP calculator comes with a host of benefits. By simplifying your calculations, it helps you make the right investment choice. If you are planning to invest in mutual funds via SIP, check out your investment options on Bajaj Markets.