DHFL SIP Calculator
SIP or Systematic Investment Plan is a way of investment in the Mutual Funds^^, and just like various other banks and other financial institutions, DHFL also offers a SIP scheme to their investors. Systematic Investment Plans are gaining popularity amongst the people in India because of the better returns it offers compared to other types of investments. A DHFL SIP Calculator is an online financial tool that helps in an easy computation of returns at the end of SIP investment.
- 4.8~ Rated
- 7.7 Crore Registered Consumer
- 50 Partners Insurance Partners
- 4.2 Crore Policies Sold
SIP Benefits
- Start SIP with as low as ₹1000
- No hidden charges
- Save upto ₹46,800 in Tax under section 80C^
- Zero LTCG Tax¶
- Disciplined & worry-free investing
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SIP Investment
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SIP Calculator
- DHFL SIP Calculator
DHFL SIP Calculator
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PGIM, an asset management company of the US-based PFI (Prudential Financial Incorporation), completely owns the PGIM India Mutual Funds. DHFL Mutual Fund is a sub-section of PGIM India Mutual Fund that offers various schemes to their investors under mutual fund categories, that is, hybrid, debt, and equity, which ultimately helps the investors build a substantial financial corpus to fulfill their requirements and needs.
- Insurance Companies
- Mutual Funds
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Virtue II PNB Metlife | 17.13% | 24.85% |
16.54%
View Plan
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| Large Cap Equity Fund Tata AIA | 17.27% | 20.61% |
15.01%
View Plan
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| Pure Equity Birla Sun Life | 16.12% | 20.92% |
14.98%
View Plan
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| Grow Money Plus Fund Bharti AXA | 13.93% | 17.49% |
14.22%
View Plan
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| Pure Stock Fund Bajaj Allianz | 15.48% | 19.56% |
14.18%
View Plan
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| Diversified Equity Fund HDFC Standard | 13.59% | 16.57% |
13.95%
View Plan
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| Growth Super Fund Max Life | 14.33% | 16.21% |
12.81%
View Plan
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| Equity Fund SBI | 13.77% | 15.3% |
12.1%
View Plan
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| Bluechip Fund ICICI Prudential | 12.07% | 14.63% |
11.3%
View Plan
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| Equity Large Cap Fund Edelwiess Tokio | 11.75% | 14.25% |
11.15%
View Plan
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Updated as of Nov 2024
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Active Fund QUANT | 24.92% | 31.48% |
21.87%
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| Flexi Cap Fund PARAG PARIKH | 20.69% | 26.41% |
19.28%
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| Large and Mid-Cap Fund EDELWEISS | 22.34% | 24.29% |
17.94%
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| Equity Opportunities Fund KOTAK | 24.64% | 25.01% |
19.45%
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| Large and Midcap Fund MIRAE ASSET | 19.74% | 24.32% |
22.50%
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| Flexi Cap Fund PGIM INDIA | 14.75% | 23.39% |
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| Flexi Cap Fund DSP | 18.41% | 22.33% |
16.91%
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| Emerging Equities Fund CANARA ROBECO | 20.05% | 21.80% |
15.92%
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| Focused fund SUNDARAM | 18.27% | 18.22% |
16.55%
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Updated as of Nov 2024
What is SIP and Why to Invest in it?
Systematic Investments Plan is a type of Mutual Fund investment wherein an investor invests a fixed amount in the SIP scheme at regular intervals, that is, weekly, monthly, or quarterly, as per their convenience, for a pre-defined period of time to achieve great returns on their investment in the future.
In this everyday growing financial market and substantial increase in inflation, it is important for every individual to have financial security for themselves and their family at the time of need. Investments are very important and play a crucial role in your future. A Systematic Investment Plan is a way of investment wherein one can create a financial corpus for themselves if invested wisely for the long-term. Here are some reasons why an investor should go for SIP investment rather than any other type of investment:
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It helps inculcate a habit of savings in an individual that brings discipline in their life
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Serves a dual purpose of investment and savings
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Investments as low as Rs. 500 can be made in some SIPs
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Eliminates financial burden during the financial crisis
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Helps create a decent financial corpus
One can invest their money in SIPs through any reliable portal of investment and easily start investing after the completion of KYC.
DHFL SIP Calculator
To make the life of an investor easy and stress-free, SIP calculators are created by their respective banks and financial institutions. SIP Calculator is a hassle-free financial tool that guides investors as to how much money they need to invest in a SIP to achieve their desired targets in the future. With the help of the DHFL SIP Calculator, an investor can get an approximate figure for any complex financial calculation.
SIP Calculators calculate the maturity amount keeping the current financial market in mind and hence due to market volatility, actual returns might vary from the estimated figures at times.
How to Use DHFL Mutual Fund SIP Calculator?
With a few basic details related to the DHFL SIP scheme, one can calculate the expected return from the SIP. Here are the following steps:
Step 1: Move the slider to select the amount you wish to invest monthly
Step 2: Select the expected rate of return you wish to attain yearly by moving the slider
Step 3: Choose the tenure for which you wish to invest in the BOI SIP scheme
Step 4: The Total Invested Amount, Total Interest Earned, and the Maturity Amount will be shown on your screen
The Formula for DHFL SIP Calculator
The formula for DHFL SIP Calculator is as follows:
FV = P x ({[ 1+ i] ^ n -1} / i) x (1+i)
Here is the elaboration:
FV = Future Value (The amount to be received after maturity)
P = Amount that the investor invests
i = The rate of interest periodically, that is, annual return rate percentage / 12
n = Total number of months
Illustration
Mr. XYZ invests Rs. 1,000 every month in his DHFL SIP scheme for a tenure of 1 year at a 12% interest rate. His Future estimated maturity return value will be:
Future Value = 1,000 ({[1 + 0.01] ^ {12 – 1} / 0.01) x (1 + 0.01)
Future Value = Rs. 12,809 yearly (approximately)
Benefits of DHFL SIP Calculator
One can invest in mutual funds in 2 ways:
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Systematic Investment Plan or SIP
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Lump-sum
A SIP is considered a better investment option when compared to the lump sum method of investment in mutual funds because:
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It inculcates a habit of regular savings.
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One can deposit money at regular intervals without being overburdened to pay all the amount in one go.
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Pocket-friendly deposits can be made monthly keeping the availability in mind
DHFL (SIP) Systematic Investment Plan Calculator is a beneficial tool in the following ways:
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Great investment option for beginners.
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Minimal details are required to make an investment
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Calculators provide quick and accurate results in comparison to manual calculations.
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The hassle-free tool with easy-to-understand options.
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Provides assistance to investors as to how much they should invest to fulfill their future goals.
FAQs
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Is SIP safe for investments?
Ans: Yes, SIP is one of the safest ways of investing in Mutual Funds. Unlike the lump sum method, investments via SIPs help in investing small amounts at regular intervals without over-burdening the investor. It helps in bringing a financial discipline into an investor’s life. -
Can I buy SIP online?
Ans: There are many trustworthy websites where you can sign up and start investing in SIPs in a hassle-free manner. It is advisable to research the market carefully before making any kind of investment. -
What is the minimum investment to make in SIP?
Ans: Minimum investment in SIPs varies from one scheme to another. One can start SIP investment with as low as Rs. 500 or even Rs. 100 in some schemes. -
How does SIP investment work in Mutual Funds?
Ans: Recurring Deposits (RDs) and SIPs work on a similar basis in banks. While deposits are made in the bank branch when investing in an RD, the amount is invested in a mutual fund scheme of the investor’s preference in a SIP. -
What is the SIP amount?
Ans: The installment amount an investor has to deposit in a SIP scheme on a weekly, monthly, or quarterly basis is known as the SIP amount.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved
insurance
plan.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^Section 80C allows annual deductions of up to ₹1.5 lacs from the taxable income. Section 10(10D) provides tax-free maturity benefits for investments of up to ₹2.5 Lacs/ year, on policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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