HDFC SIP Calculator 2024
HDFC SIP Calculator is an online tool that enables investors to calculate their expected returns efficiently and quickly. HDFC is a financial institution that offers individuals the opportunity to invest in funds through the Systematic Investment Plan (SIP) method. Additionally, the company provides its investors with the advantage of utilizing the HDFC bank SIP calculator 2024 to estimate the potential returns from a long-term investment in these funds.
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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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HDFC SIP Calculator
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How Does HDFC SIP Calculator 2024 Work?
The HDFC SIP Calculator operates with a straightforward approach and is powered by an advanced algorithm. To use the calculator, an investor simply needs to input their desired parameters, such as the expected return percentage, desired corpus value at maturity, monthly investment amount, and the specific HDFC fund they are interested in investing in, as well as the investment period. Based on this information, the calculator provides a comprehensive analysis of the performance of the HDFC fund and provides actionable results. Some of the top direct mutual funds^^ offered by HDFC include HDFC Balanced Advanced Growth Fund, HDFC Small Cap Fund-Growth, HDFC Equity Savings Fund Growth, and HDFC Mid-Cap Opportunities Fund-Growth.
In this way, one can meet his/her long- and short-term goals for sure by getting a strategic guide from the SIP Calculator of HDFC.
For example, if one wants to invest Rs.2, 000 every month for 12 months at the rate of 14%, then the amount he/she will get on the maturity will be:
A = 2000 x [{(1+14) ^ 12 – 1} /14] x (1+14)
A = Approximately 25, 900
Note: The investor should know that the rate of interest on SIP investment varies as per the conditions of the market. Therefore, they must be conscious at the time of data entry on the HDFC SIP Calculator.
Mentioned below are the returns that one can avail by investing in some of the top HDFC SIP Mutual Funds:
| Fund Name | 1 – Year Return | 3 – Year Return |
|---|---|---|
| HDFC Hybrid Equity Fund | 6.88% | 15.40% |
| HDFC Mid-Cap Opportunities Fund | 12.61% | 22.12% |
| HDFC Top 100 Fund | 8.40% | 15.45% |
| HDFC Flexi Cap Fund | 12.71% | 19.82% |
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.
People also read: HDFC Life NIFTY 200 Alpha 30 Fund
- 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
How Can HDFC SIP Calculator 2024 Helps You?
Investors are leaning towards SIPs as their preferred option for investing, especially in mutual funds. This is because SIPs allow for investments to be made in small amounts over a set period of time, instead of a one-time large payment. SIPs provide a controlled and profitable way of investing for individuals.
In addition to this, the HDFC SIP calculator 2024 is one of the best tools that enables an individual to know the future value of the amount that he/she needs to invest to get the desired amount in the future. Mentioned below are some of the major benefits of using HDFC SIP calculator:
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It helps the investors to make an informed decision related to the amount they wish to invest in.
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The calculator also helps the individuals to know their periodic amount of SIP that helps them to achieve a goal.
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It also helps the investors to get the returns that they will receive through their investment.
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This calculator allows the investors to calculate their returns of SIP investment if they have selected to top-up their amount every year.
Advantages of Using HDFC Bank SIP Calculator 2024
The HDFC SIP investors can get the following benefits by using HDFC SIP calculator:
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It enables the investors to calculate the total value of the investment when the investment tenure gets over.
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It saves inaccuracies and time of manual calculations.
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This calculator helps the SIP investors to invest in a well-planned manner and as per their expected returns.
In this way, we can say that the SIP calculator HDFC is one of the smartest and most useful ways of investment so that the investors can make a comprehensive decision about the investment.
How to Use HDFC SIP Calculator 2024
Mentioned below are the steps of using this SIP calculator:
Step 1: Select the mutual fund scheme that one wants to invest in.
Step 2: Enter the amount that one wishes to make.
Step 3: Select the period of investment.
Step 4: Click the calculate button.
Conclusion:Â
In conclusion, HDFC SIP Calculator is a valuable tool for anyone looking to invest in mutual funds. It is a tool that helps you make informed investment decisions. It allows investors to calculate their expected returns based on their investment amount, investment tenure and the fund's historical returns. This tool is user-friendly, easily accessible, and provides accurate results, making it an essential tool for all those looking to invest in mutual funds through SIPs.
By using the HDFC SIP Calculator, you can ensure that you are on track to reach your financial goals and make the most of your investments.
FAQs
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Does HDFC charge for SIP?
Yes, HDFC charges a fee for SIP. However, the exact fee will depend on the specific SIP plan you choose. The HDFC SIP Calculator can help you understand the fees associated with your SIP plan and how they may affect your investment. It is important to consider the fees when making investment decisions, and the HDFC SIP Calculator can provide valuable information to help you make informed choices. -
Is HDFC SIP good to start?
HDFC SIP is a popular investment option for those seeking a convenient and flexible way to invest. The HDFC SIP Calculator can help individuals determine their investment amount and expected returns, making it easier for them to make an informed decision about whether HDFC SIP is a good fit for them. Overall, HDFC SIP is a good option for steady growth with low market risk. -
How do I choose the right date for my SIP?Â
Here are some tips to help you make the best choice:- Consider your pay cycle: If you get paid monthly, it may be beneficial to start your SIP on the same day every month so that it aligns with your pay cycle.
- Evaluate market conditions: You may want to choose a date when the market is low, so you can invest in more units for the same amount of money.
- Consider personal finances: Choose a date that works for your budget, such as the first or last day of the month.
- Consider other investments: If you have other investments, choose a date that works well with your overall investment strategy.
- Use a SIP Calculator: a tool that can help you determine the best date based on your investment goals and market conditions.
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How can I open a HDFC SIP?
- Research: Use the HDFC SIP Calculator or the SIP Calculator HDFC to determine the amount of money you want to invest and for how long.
- Choose a fund: Select the HDFC mutual fund that you want to invest in.
- Open an account: If you already have an HDFC Bank account, you can easily open a SIP through the bank’s online banking platform. If you don't have an account with HDFC Bank, you can visit your nearest HDFC Bank branch and complete the necessary paperwork to open one.
- Start SIP: Once your account is set up, you can start your HDFC SIP by choosing the amount and frequency of your investment. You can also use the HDFC SIP Plan Calculator to determine the best plan for your investment goals.
†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.
