PNB Mutual Fund offers multiple SIP schemes to choose from. Mutual funds have gained rapid popularity as a great investment vehicle and the public at large is attracted towards MF investment. Furthermore, smart tools like PNB Mutual Fund SIP calculator can be used to get an estimate of the returns which also helps in achieving financial goals or investment needs of an investor. With PNB SIP Funds, one can invest a small sum of money at a stipulated interval and also plan financial goals like retirement, marriage, getting a house/car, etc.
Systematic Investment Plan commonly referred to as SIP is an investment method in which one can invest small amounts of money consistently in a mutual fund/scheme instead of lump sums. It helps to build a large corpus over a period of time in the most convenient and flexible manner. SIP also allows purchasing additional units of a scheme at the prevailing NAV by investing a fixed amount every month. Further, it inculcates the habit of disciplined investing for long-term wealth creation. SIP calculator of PNB can help investors calculate the estimated returns and to set their financial goals like retirement planning, marriage, getting a new house/car, higher education, etc.
One can easily check the estimated required to achieve their financial Goal through with these simple steps:
Step 1: Enter the monthly investment amount you want to invest or just move the slider provided to select the amount
Step 2: In this step, enter the return rate or adjust the slider
Step 3: Choose the investment period.
Step 4: Click on the ‘Invest now’ button.
It will show the invested amount, estimated returns and the total value instantly!
A = P*((1+i)^n)-1)/i)*(1+i)
A is the Amount you will receive
p is the SIP investment amount
i is the compounded rate of return, which is the annual rate of return %/12
n is the number of months
Ques. Can we increase the SIP investment amount?
Ans. Yes, one can opt for a periodic top-up of the investment amount while opting for a new SIP.
Ques. Is there a limitation on SIP investment?
Ans. There is no restriction on the amount you can invest in SIPs.
Ques. What is the use of the PNB SIP calculator and how it works?
Ans. The online SIP Calculator shows the value of your SIP instalments at the end of the investment duration.
Ques. How does a PNB Bank SIP calculator work?
Ans. It’s simple to use; all you need is to enter the values of the SIP instalment, duration of investment, and the expected annual rate of return.