What is PNB SIP Calculator

The SIP calculator of PNB is an online tool that aids an investor to understand how much investment they have to make in an SIP to attain their desired financial corpus at the end of the scheme tenure. 

The PNB SIP Calculator is quite easy to use and displays results at a fast pace for a complex financial calculation. As an investor it is important to note that market volatility tends to influence investments in mutual funds, this is why the computed results and actual results tend to vary at times.

How can PNB SIP Calculator help you?

The SIP Calculator of PNB can help you in the following ways:

Healthy financial planning: An individual can plan their financial goals, which could be related to  retirement, child's education, purchasing a car, or buying a home using the calculator to determine the monthly SIP contribution required to address those goals

Return estimation: The SIP calculator estimates the future value of the investments by taking into consideration factors such as the investment amount, the SIP frequency, the duration, and the expected rate of return. This way, one can set realistic expectations ensuring positive investment growth. 

Customisation: It is possible to customise the SIP plans using the calculator to align with an individual’s financial goals and risk appetite. Adjustment of variables such as the investment amount, the frequency of a SIP, and the tenure of an SIP to gain an insight into how those changes tend to influence potential returns. 

Cost-efficient: The online SIP calculator is generally free of cost and aids an investor in providing adequate financial planning assistance without any extra cost. 

User-friendly: While being easy to use, the SIP calculator requires minimal input to quickly assess the investment’s growth potential of an investor. It aids in making well-informed decisions that align with financial goals.

How does the PNB SIP Calculator Work?

A PNB Mutual Fund SIP calculator works by taking into account crucial factors such as the initial investment amount, the expected rate of return, the investment tenure, and the compounding frequency.

With these inputs, the PNB SIP calculator utilises a compounding formula to estimate the maturity amount of the SIP investment. It displays an estimated amount of the future value of  an investment. This way, an investor is able to make informed financial decisions.

Formula to Calculate PNB SIP Returns with an Example

The PNB Mutual Fund SIP calculator formula that calculates returns on an SIP investment is as follows:

FV = P x {[(1+i)^n-1]/i}x (1+i)

In which, 

FV= Future value, that is the amount you will receive after maturity

P-the periodic SIP investment amount

n=the number of months

i=the expected rate of return

Example for PNB Calculator

Let’s say, an investor invests Rs 5,000 monthly for two years or 24 months, and the expected annual rate of return is 12% or 0.12 on a PNB SIP scheme.

FV=5,000 x {[(1+ 0.12)^24-1]/0.12} x (1 + 0.12)

FV=1,36,216

Total returns = Future Value – Invested amount throughout the tenure

Total returns=1,36,216-1,20,000

Total returns=Rs 16, 216

How to use PNB SIP Return Calculator?

The SIP Calculator of PNB is an easy-to-use online tool. An investor can get an estimate of how much corpus they will create at the end of the tenure through the following steps:

Drag the slider to the amount one wishes to invest in the PNB SIP scheme monthly

Drag the next slider to the expected rate of return from the SIP investment

Enter the investment period one is willing to invest in that SIP

The total amount invested, interest earned, and the final maturity amount will be displayed in a short period.

Benefits of using PNB SIP Calculator

The benefits of using SIP calculator of PNB include:

Better financial planning: The PNB Mutual Fund SIP calculator aids an investor in their financial planning. It allows  analysis with different investment amounts, tenures, and expected returns. By adjusting these variables, investors can estimate the monthly SIP amount required to address their financial goals. 

Informed investment decisions: A SIP calculator PNB allows to gain valuable insight that can help in making appropriate decisions. The calculator showcases projections of the future value of SIP investments. This detail allows one to assess the potential growth of investments and undertake informed decision-making.

Easy to use: While being user-friendly, PNB SIP calculator allows those with limited financial knowledge to use it in an effective manner. Its simple interface allows one to enter a few details such as the investment amount, duration, and expected rate of return.

Displays quick results: The PNB SIP calculator showcases instant results. After keying in the important information, the SIP  calculator of PNB is designed to undertake complex calculations using predefined formulae and algorithms.

Free to use: The online PNB SIP calculator is available free of cost for anyone to use.

Manual error possibility eliminated: While performing manual calculations, there is often a possibility of errors, which can have a significant influence on the accuracy of investment projections. The PNB SIP calculator eliminates this issue by automating the overall calculation process while displaying accurate results. 

Other SIP Calculators:
1. SBI SIP calculator
2. HDFC SIP Calculators
3. ICICI Bank SIP Calculators
4. Axis Bank SIP Calculators