PNB SIP Calculator

PNB SIP Calculator

Through a Systematic Investment Plan (SIP), investors can make small and recurring contributions to various mutual fund schemes. Unlike a lump sum investment, SIPs promote consistent wealth accumulation over time, while offering flexibility and convenience. The disciplined approach to investing makes SIP a useful tool for achieving long-term financial goals. To calculate or estimate potential returns on a SIP investment, the PNB SIP Calculator is a helpful tool that provides investors insights into the possible returns on their investments.

Benefits of investing in PNB mutual funds through SIP

There are various benefits of opting for SIP to invest in PNB mutual funds. SIPs allow investors to make regular, small contributions, ensuring a disciplined approach to investment and long-term wealth creation. By averaging the investment costs, SIPs lessen the impact of market volatility. All things considered, PNB mutual fund SIPs offer an organized and flexible way to achieve your long-term financial objectives.

How does the PNB Mutual Fund SIP calculator work?

The PNB SIP Calculator is a tool designed to help investors estimate the potential returns on their SIPs. The calculator streamlines the process of assessing SIP investments by offering estimates based on various factors. By entering details such as the investment amount, tenure of the investment, and expected rate of return, investors can gauge the potential estimated return on their regular contributions.

How to Use the PNB SIP Calculator?

• Feed into the calculator how much you want to invest each month.
• Next, specify the expected annual return rate.
• The third step is to choose the tenure of the investment — the period for which you want to keep your money invested.
• To calculate, click on the ‘Invest Now’ button.
• The calculator will instantly display the total invested amount, estimated returns, and the projected returns.

How can the PNB mutual fund SIP calculator help you?

The PNB SIP calculator is designed to simplify the process of estimating potential returns on your SIP investments. Using a specific formula, the PNB mutual fund SIP calculator estimates the potential returns on your SIP investments. The formula used is — P × {[ (1 + i) n - 1] / i} × (1 + i).

In this formula:

• P is the SIP investment amount.
• i is the monthly compounded rate of return (annual rate of return in percentage divided by 12).
• n is the number of months, or the tenure of the investment.

Let’s take an example to understand this. Suppose you intend to invest ₹10,000 monthly in a SIP with an 8% annual return over 5 years. By entering these numbers into the calculator, you’d get these results:

• Total invested amount: ₹6,00,000
• Expected amount: ₹7,39,667
• Wealth gained (profit): ₹1,39,667