PNB SIP Calculator

Monthly investment

₹

Expected return rate p.a

Estimated inflation rate p.a

Time period

Invested amount₹ 6,00,000

Estimated returns₹ 5,61,695

Total value₹ 11,61,695

Invested amountReturns

Our PNB SIP Calculator is an online investment tool that helps investors understand how much they should invest via SIP to accumulate a certain amount of money at the end of the scheme tenure. The Punjab National Bank Systematic Investment Plan Calculator calculates the returns by keeping the current market scenario in mind.

Systematic Investment Plans, known as SIPs, are a mode of investment in mutual funds, where you invest a fixed amount in a scheme at regular intervals. With SIPs, you can invest in mutual funds every week, month, or every quarter.

How Does Our PNB SIP Calculator Work?

Below is the formula used by our SIP Calculator.

FV = P [(1 + i)^M - 1] * (1 + i) / i

In the above formula:

FV is the amount you receive upon maturity
P is the amount you invest through SIP
i is the compounded rate of return
M is the investment duration in months

Example

Let's say you are making an investment of ₹35,000 each month for one year at an interest rate of 12%. The monthly rate of return would be 12%/12 = 1/100 = 0.01.

Hence, you will receive around ₹4,48,326 in one year. So, based on the inputs, the PNB SIP Calculator will predict a total wealth of ₹4,48,326 at a 12% expected return on a ₹35,000 monthly SIP for one year.

How Should You Use The PNB SIP Calculator?

In the calculator, you can enter your monthly investment amount, expected annual return rate, estimated annual inflation rate, and the number of years you are willing to stay invested in the scheme. When the numbers are entered into the calculator, the Koshex PNB SIP Calculator will tell you your total investment amount, estimated returns, and the total wealth earned by your investment.

Example

Let’s say, Ms. Clara invests ₹5,000 every month at 14% on a PNB SIP scheme. If she selects the tenure of 10 years, then the returns will be as below.

Future Value (FV) = 5,000 x ( [1 + 0.14] ^ 120 - 1 / 0.14) x (1 + 0.14)
FV = ₹13,10,000

Total returns = Future Value - Invested amount throughout the tenure
Total returns = ₹13,10,000 - ₹6,00,000
Total returns = ₹7,10,000

Benefits Of Using PNB SIP Calculator

There are several benefits of using the PNB SIP Calculator and below are a few of them.

The calculator offers quick and accurate results. On the other hand, manual calculations take a lot of time and you may end up making mistakes.
It is a hassle-free tool to understand how much wealth you will be making over a certain period of time.
It offers assistance to investors in helping them understand how much they need to invest to reach their financial goals.

PNB SIP Calculator - Frequently Asked Questions (FAQs)

Is SIP available in PNB Bank?

Punjab National Bank offers SIP as an option for its customers to invest in mutual funds. You can set up an SIP by either visiting the bank branch or using the bank's online banking platform. You can also use the Koshex app to invest in the mutual fund schemes of PNB.

Can I increase the SIP amount?

Yes, you can choose for a periodic top-up of the investment amount while opting for a new SIP.

Is there any limit on the SIP investment amount?

There is no limit on the amount you can invest through SIPs.

Can I change the inputs in a SIP calculator over time?

Yes. You can update the inputs in a SIP calculator as your financial situation changes. For example, you can change your monthly investment amount or investment duration to see how it will impact your maturity amount.

What is the ideal SIP duration?

SIPs are best suited for long-term wealth creation. Generally, you should consider continuing your SIPs for a minimum of 5 to 10 years or longer so that you can benefit from the power of compounding.