HDFC SIP Calculator 2024

HDFC SIP Calculator

HDFC offers a range of Mutual Funds across various categories. Every one of us must have ambitions. Whether you are just getting started in your professional life or an accomplished, investing through proper channels helps you build a proper wealth portfolio. With SIP Plans, you can reach your long-term goals through small and systematic investments over a long-term period, which would fetch you big returns. The fund grows through the power of compounding.

The HDFC SIP (Systematic Investment Plan) Calculator is an online tool which helps the user calculates the returns of their SIP investments. By entering your basic details like the monthly investment amount, investment period, and the rate of expected return, users can potentially know how much their investment would grow in the future.

Benefits of Investing in SIP

• Investing in SIP help you achieve long term goals with regular investments over a period
• SIPs benefit from power of compounding and rupee cost averaging
• SIPs foster financial discipline by inculcating regular savings as a habit. By starting investing early, you can make most of the benefits of a SIP investment over a long tenure

Advantages of Using the HDFC SIP Calculator:

• Easy to Use: The calculator is user-friendly and requires minimal input, making it easy to generate results
• Estimated wealth: You can input your desired investment amount per month, investment tenure, and the expected returns to get an estimated future value of investing
• Understanding Compounding: The calculator would visually demonstrate the power of compounding, displaying how your investments grow over a period of time
• Informed Decision Making: The calculator provides valuable insights that would enable you to take well-informed decisions
• Tracking your financial goals: This calculator would help whether your investments are in align with your goals whether short term or long term

How Does the HDFC SIP Calculator Work?

The calculator uses a simple formula to estimate your potential returns based on the inputs you provide. You need to input the amount you invest, the tenure of your investments, the expected rate of returns and potential value of your investments. It is important to note that the actual returns might vary as the SIP calculator just gives the projected value of your investments. The actual returns are reliant on the prevailing market conditions.

HDFC SIP calculator makes the determining the value of your investments simple in what may be a very complex calculation when done manually.

For instance, if you assume an expected rate of return of 12% and wish to invest for 10 years, here is the value of your investments based on your two monthly SIP amounts:

• If you invest Rs. 8000 every month for the above scenario, you would receive a return of ₹18,58,713 at the end of 10 years, wherein your investment has grown by ₹8,98,713 from your invested amount of ₹9,60,000
• If you invest Rs. 12000 every month for the above scenario, you would receive a return of ₹27,88,069 at the end of 10 years, wherein your investment has grown by ₹13,48,069 from your invested amount of ₹14,40,000

FAQ on HDFC SIP Calculator

1. Is the HDFC SIP Calculator accurate?

 The calculator provides estimated returns based on your input and prevailing market trends. The actual return might vary based on market conditions

2. Can I use the HDFC SIP Calculator for other investment options?

The calculator is specifically designed for SIP investments and cannot be used for other types of investments.

3. Do I need to create an HDFC account to use the calculator?

 No, you do not need to create an HDFC account in order to use the HDFC SIP Calculator

4. What is the minimum amount for investing in SIPs?

You can start with an investment as low as Rs. 500 per month

5. Can I modify the SIP amount?

Typically, once you start an SIP, you cannot change the amount in the midway. However, you can avail the SIP step-up option at the time of subscription