Future value of your Investments
Illustrative Compounded Growth line
You need to Invest today
Illustrative Investment vs Interest Earned* dognut
The PGIM SIP calculator is an online tool that allows you to know exactly how much you need to contribute to earn the returns you want. Follow these steps to use this calculator:
Step 1: Visit the official PGIM SIP calculator website
Step 2: Choose the goal you are investing towards
Step 3: Enter the amount under the first section related to the cost of your goal
Step 4: Enter the timeline for your investment
Step 5: Add the inflation percentage
Use the following formula to determine your potential returns when you invest in mutual funds through an 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
Here are some of the perks of using the PGIM SIP calculator:
This is an easy-to-use tool that only requires you to input four variables. It also provides the calculation almost instantly, helping you save time when comparing multiple fund schemes.
There can be an error in the calculation if you manually calculate the SIP amount you would require. This can never be the case with the PGIM SIP calculator. In addition to this, using the SIP calculator is not as complex as computing the SIP amount manually.
Since you can use this tool to compare the SIP amount needed for different mutual funds, this makes it easier to choose the best-suited scheme for you. It allows you to make an informed decision on whether a mutual fund is appropriate to fulfil your financial goal.
Since this financial tool is available online, you can access it through your laptop or smartphone and plan your investment hassle free.
This EMI calculator can help you save for your short-term goals or build a corpus for your long-term financial needs. It encourages you to save by helping you know the right time to start investing for your particular needs. This way, you can plan the contributions you need to make towards your specific goals and meet them timely.
Hence, it is essential to determine the amount you are expected to invest before choosing a mutual fund through an SIP route. Compare different mutual fund investment options on Bajaj Markets and choose one that best suits your financial goals.
As a calculation tool, a SIP calculator will deliver accurate results. However, you must enter the right information, and any error on your part could result in an incorrect calculation.