How PNB SIP Calculator Aids Your Financial Goals

Example Calculation

• Investment Amount: ₹25,000
• Annual Return Rate: 12%
• Investment Period: 10 Years
• Total Investment: ₹30,00,000
• Estimated Returns: ₹28,08,477
• Total Value: ₹58,08,477

Invest Now with PNB Mutual Fund

PNB Mutual Fund offers a range of SIP (Systematic Investment Plan) schemes curated to achieve varied financial objectives. Mutual funds are increasingly popular as an investment vehicle, attracting a wide base of investors. The PNB Mutual Fund SIP calculator serves as a crucial tool for estimating potential returns, aiding individuals in accomplishing their monetary goals, whether for retirement, wedding, purchasing a home, or acquiring a vehicle.

What is a SIP and How Does it Work?

A Systematic Investment Plan (SIP) enables investors to make regular, small contributions to a mutual fund scheme, as opposed to one-time lump sums. This incremental approach aids in steadily building wealth over time. Through SIPs, investors purchase more units at the scheme’s current Net Asset Value (NAV) via routine monthly investments, encouraging disciplined long-term savings practice. The PNB SIP calculator aids in forecasting returns for reaching financial goals like retirement, home buying, vehicle acquisition, or education.

How to Use the PNB SIP Calculator

Follow these steps to simplify your investment estimation:

• Enter Monthly Investment Amount: Input your desired monthly investment or manipulate the slider for selection.
• Enter Return Rate: Set the expected rate of return or use the slider to adjust.
• Choose Investment Period: Select your desired investment tenure.
• Click ‘Invest Now’: Instantly view the invested sum, projected returns, and total value.

PNB Mutual Fund Calculator Formula

The formula used to determine the future value of SIP investments is:

A = P × ((1 + i)^n − 1) / i × (1 + i)

Where:

• A: Total amount at the end of the investment period
• P: Monthly SIP investment
• i: Compounded rate (annual rate divided by 12)
• n: Total number of months

This formula sheds light on the prospective growth of investments over a designated period, facilitating informed financial planning decisions.

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