PNB SIP Calculator
Punjab National Bank is one of the most renowned banks in India that offers a plethora of schemes and plans to their customers to choose from. Mutual Fund^^ is one such investment option provided by the PNB that comes with multiple SIPs options and helps investors achieve their future financial goals. With PNB SIP Calculator, it becomes easy for the investor to calculate the returns expected at the end of the 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
- PNB SIP Calculator
PNB SIP Calculator
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What is SIP and Why Should One Invest?
Systematic Investment Plans, known as SIPs is a method of investment in mutual funds 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.
SIPs are one of the emerging investment options that are becoming highly popular these days. Some of the top reasons one should invest in a SIP is:
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SIP helps develop a habit of savings in an investor
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SIP investment brings discipline to the investors’ life
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It 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.
- 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
PNB SIP Calculator
PNB SIP Calculator is an online financial tool that helps the investor understand how much investment they have to make in a SIP to attain desired financial corpus at the end of the scheme tenure. PNB SIP Calculator is a hassle-free, easily available online tool that helps the investor get desired results in a fraction of seconds for any complex financial calculation. Even though it is known that the financial market is volatile in nature, the Punjab National Bank Systematic Investment Plan Calculator calculates the returns keeping the current market scenario in mind. Due to market volatility, the computed results and actual results may vary at times.
How to Use PNB SIP Calculator?
PNB SIP Calculator is an easy to understand financial tool for every investor class, be it a beginner or an expert. An investor can know how much corpus they will create at the end of the tenure just by following these simple steps mentioned below:
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Drag the slider to the amount you are willing to put in the PNB SIP scheme monthly
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Drag the next slider to your expected rate of return from the SIP
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Enter the investment period you are willing to invest for in that SIP
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The total amount invested, interest earned, and the final maturity amount will be reflected on the screen immediately
Try our SIP Calculator to complement your SIP strategy.
PNB SIP Mutual Fund Calculator Formula
Illustration
Mr. Rohan invests Rs. 5,000 in a month at 14% on PNB SIP scheme. If he selects the tenure of 10 years, then the returns will be:
FV = 5,000 x ({[ 1 + 0.14] ^ 120 – 1} / 0.14) x (1 + 0.14)
FV = Rs. 13,10,000
Total returns = Future Value – Invested Amount throughout the tenure
Total returns = Rs. 13,10,000 – Rs. 6,00,000
Total returns = Rs. 7,10,000
People also read: pnb metlife small cap fund
Benefits of Using PNB SIP Calculator
We know there are two methods of investing in a Mutual Fund, that is, the Lump sum method and SIP (Systematic Investment Plan).
In the lump sum method, complete investment in the mutual fund is made at one go whereas, in the SIP method of investment, regular investments are made for a pre-defined long-term period for great returns at the end of the tenure.
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
PNB 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.
FAQ's
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Can SIP save taxes?
While investing in ELSS (Equity Linked Savings Scheme) Mutual Funds, the investor is allowed to claim tax deductions up to Rs. 1,50,000 under Section 80C of the Income Tax Act, 1961. -
Are there any limitations on SIP investments?
No. There are no investment restrictions in SIPs in general. An investor can invest as much amount as they want in a SIP. -
How does PNB SIP Calculator work?
Enter the monthly invested amount, expected rate of return, tenure of the SIP, and the maturity amount to be received in the end in no time. -
Can I withdraw my SIP after some time?
A normal SIP can be withdrawn anytime as per the investors’ convenience. Although, if it is an ELSS Equity Linked Savings Scheme, it comes with a 3-year lock-in period.
†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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