HDFC Step Up SIP Calculator
The HDFC Step Up SIP Calculator allows you to estimate the growth of your final corpus when your SIP investment is increased by a fixed amount periodically. It can also help you estimate an investment amount which will be needed if you know the value of the corpus that you wish to achieve in a certain time horizon.
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SIP Investment
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Step Up SIP Investment
- HDFC Step Up SIP Calculator
HDFC Step Up SIP Calculator
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How to Use Policybazaar’s HDFC Step Up SIP Calculator
A Step-Up SIP is a method of investment which allows you to increase your investment amount by a fixed amount periodically. Policybazaar’s HDFC Step-Up SIP calculator allows you to estimate the amount of your investment as per your goal. It can also be used to estimate your final corpus as per your investments. Use the following steps to calculate your goals or investment amount using this calculator.
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If you know your investment
- Choose among monthly, yearly or lump sum investment.
- Enter your investment amount.
- Choose your time horizon.
- Enter your expected rate of return.
- Check your final corpus amount.
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If you know your goal
- Enter the goal corpus amount.
- Choose your time horizon.
- Enter your expected rate of return.
- Check your final investment amount.
Benefits of Using the HDFC Step-Up SIP Calculator
You can use the HDFC Step-Up SIP calculator for all HDFC investment plans. Listed below are the benefits of the HDFC Step-Up SIP calculator.
- Estimate your future wealth: You can use the SIP calculator to calculate your future corpus as per your current investment capability.
- Estimate your present investment: You can use the calculator to estimate your present investment and plan accordingly for your future. Awareness about your investments as per your goals can help you allocate the right amount of money in your investments without the need to guess and speculate while investing.
- Easy and convenient: The calculator has a simple and easy-to-use user interface and can be used by everyone who is looking to invest through Step- Up SIP.
- Free tool: The calculator is free and can help you plan the targets for your money as per your goals without paying anything.
Difference Between SIP and Step-Up SIP
The following table lists the key differences between SIP and Step-Up SIP.
| Parameter | SIP | Step-Up SIP |
| Investment amount | A fixed amount is invested in a periodic manner | The SIP investment is increased by a fixed amount in a periodic manner. |
| Returns | The returns are comparatively smaller as the investment amount is fixed throughout the time horizon. | The returns are comparatively higher as the investments are increased by a fixed amount throughout the time horizon. |
| Alignment with income | A regular SIP allows the investor to align their investment with the time their income is credited into their account. | A step-up SIP allows the investor to align their investment with an increase in their income. |
| Inflation Management | A regular SIP might not be able to beat inflation in the long run, as the final corpus by the end of the time horizon might have decreased purchasing power in the future due to inflation.n | A Step-Up SIP can help you beat inflation in the long run as an increased investment can act as an inflation hedge, helping you to maintain the real value of your contributions. |
Conclusion
Policybazaar’s HDFC Step-Up SIP calculator allows you to calculate your investments and final corpus as per your financial goals and aspirations. You can use the Step-Up SIP calculator to calculate your investments or corpus for the best investment plans.
FAQs
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Does the HDFC Step Up SIP Calculator guarantee returns?
No, while the calculator can be used to calculate future returns, they highly depend on market performance. Note that the returns displayed by the calculator are estimated returns and do not represent the real value of your corpus. -
Why should I increase my SIP every year?
A step-up SIP can be used to not only increase your returns on investment but also help you beat inflation in the long run. -
Is the HDFC Step-Up SIP Calculator suitable for all HDFC mutual fund schemes?
Yes, you can use the HDFC Step-Up SIP calculator for all mutual fund schemes offered by HDFC. -
What assumptions does the HDFC Step-Up SIP calculator make while calculating the results?
The assumption made by the HDFC Step- Up SIP calculator is that the rate of returns remains the same throughout the time horizon.
