HDFC SIP Calculator: A must Use Tool Before Investing in HDFC MF

Mutual funds have the ability to deliver the best capital gains in the long term compare to any other investment avenue. But it is a perplexing task to calculate the capital gains on the invested amount as the returns are not fixed and cannot be calculated using an ordinary calculator. To ease out the calculations involved in SIP and lump sum investments particularly for the schemes of HDFC Mutual Fund, the experts at MySIPonline have developed a user-friendly tool named HDFC SIP Calculator which can be a blessing for the potential investors as well as those who are already invested in HDFC Mutual Fund. Read to know how to use the HDFC SIP return calculator along with the advantages of this convenient tool.

How to Use HDFC SIP Calculator?
The calculator is easy to use and can be operated by any layman having little or no knowledge of finance and mutual funds. Follow these simple steps to simply the investments.

Step 1: Select the Scheme
The HDFC SIP Calculator has a list of all the schemes provided by HDFC Mutual Fund and the historical data of each scheme has been recorded. The investor needs to select the scheme in which he/she is planning to invest or already invested.

Step 2: Enter the Amount 
The next step is to enter the amount that you had invested in the selected scheme. For the SIP investment one needs to enter the monthly amount while for the lump sum calculation, the one-time amount needs to be entered.

Step 3: Select Start and End Date
The start date is the date from which the first investment was done in the selected scheme. For HDFC SIP calculator, the calculations will be done according to the NAV of that same day for every month whereas, for HDFC lumpsum calculator, the calculations will be done on the basis of change in the NAV between the start date and end date.

After entering the above-mentioned details, you can simply click on the calculate button to get the idea of the invested amount, investment value at on date, and the overall capital appreciation along with the percentage gains.

Benefits of Using the HDFC SIP Calculator

• By using the calculator, one can ease out the investment planning for the SIP as well as lump sum investment. 
• This user-friendly tool can give a clearer perspective of the returns that can be gained in the future on account of the performance of the scheme in the past. 
• If an investor is dicey regarding investment in any of the schemes of HDFC Mutual Fund, this calculator can help them select the better scheme to achieve their financial objective. 
• Those who have already invested in the schemes of HDFC MF in the past can also use this calculator to check the details of their wealth gain. 
• HDFC SIP Calculator gives precise details of the investments without any error margin. 
• It can save a lot of time and effort for the layman investor. 

Investors must note that the HDFC SIP Calculator works on the basis of recorded data of the historic performance by schemes of HDFC Mutual Fund. It is not necessary that similar returns will be delivered in the future. For any queries or any assistance regarding investments in mutual funds, you can reach out to our experts anytime free of cost.