Canara Bank SIP Investment

Canara Bank, a trusted name in the financial sector, offers a robust SIP investment platform that empowers individuals to grow their wealth steadily and efficiently. Whether you are a seasoned investor or just starting your journey towards financial prosperity, Canara Bank SIP Investment provides a convenient and disciplined approach to achieve your financial goals.

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SIP Benefits
Start SIP with as low as ₹1000
Start SIP with as low as ₹1000
No hidden charges
No hidden charges
Save upto ₹46,800 in Tax
Save upto ₹46,800 in Taxunder section 80 C
Zero LTCG Tax
Zero LTCG Tax^ (Unlike 10% in Mutual Funds)
Disciplined & worry-free investing
Disciplined & worry-free investing

What is a SIP?

Systematic Investment Plan, is an investment strategy that enables individuals to invest a fixed amount regularly in mutual funds or other financial instruments. It allows investors to enter the market at different price points, reducing the impact of market volatility on their overall investment.

Why Choose Canara Bank SIP Investment?

Here are the reasons why you should choose Canara Bank SIP investments:

  • Trust and Credibility: Canara Bank is one of the oldest and most trusted banks in India, with a proven track record of providing reliable financial services.

  • Diverse Investment Options: Canara Bank offers a wide range of SIP investment options, including equity funds, debt funds, hybrid funds, and more. This diversity allows investors to align their investment choices with their risk tolerance and financial goals.

  • Professional Fund Management: Canara Bank's SIP investment plans are managed by experienced and skilled fund managers who make informed decisions to maximize returns and minimize risks.

  • Convenience: The SIP investment process with Canara Bank is user-friendly and hassle-free. Investors can easily set up their SIPs, track their investments, and make modifications as needed through online and offline channels.

What are the Benefits of Canara Bank SIP Investment?

  • Rupee Cost Averaging: With SIP, investors buy more units when prices are low and fewer units when prices are high. This averaging effect helps in reducing the overall cost of investment.

  • Power of Compounding: SIP allows investors to benefit from the power of compounding as their money grows over time. It helps in building significant wealth in the long run. You can use the SIP calculator to get the estimate about your returns.

  • Flexibility: Canara Bank SIP investment offers the flexibility to increase or decrease the investment amount, switch between funds, and even pause the SIP temporarily if needed.

  • Tax Benefits: You can claim a deduction of up to Rs. 1.5 lakh from your taxable income for investing in ELSS through SIPs under Section 80(C) of The Income Tax Act, 1961. 

  • Financial Discipline: SIP instills financial discipline as investors commit to regular investments, preventing impulsive decisions based on market fluctuations.

Best Canara Bank SIP funds with Highest Return in 2023

Scheme Name  Category  3Y Return (%)  AUM (Cr) (₹) 
Canara Robeco Emerging Equities - Direct Plan - Growth Large & Mid Cap Fund 26.27 17,381.84
Canara Robeco Flexi Cap Fund - Direct Plan - Growth Flexi Cap Fund 23.76 9,918.92
Canara Robeco Equity Hybrid Fund - Direct Plan - Growth Aggressive Hybrid Fund 19.21 8,895.85
Canara Robeco Small Cap Fund - Direct Plan - Growth Small Cap Fund 45.34 6,587.28
Canara Robeco Equity Tax Saver Fund - Regular Plan - Growth ELSS 24.84 5,749.92
Canara Robeco Liquid Fund - Direct Plan - Growth Liquid Fund 4.48 2,606.21

How to Start a Canara Bank SIP through Policybazaar?

To start a Canara Bank SIP through Policybazaar, follow these short and simple steps:

Step 1: Go to the Policybazaar website or mobile app.

Step 2: Navigate to the SIP Plans section.

Step 3: Provide your personal and financial details as required.

Step 4: Look for Canara Bank SIP plans and click on them.

Step 5: Choose a suitable and best SIP plan that matches your investment goals.

Step 6: Specify the amount you want to invest in the SIP.

Step 7: Select the duration for your SIP investment.

Step 8: Fulfill the KYC requirements by uploading necessary documents.

Step 9: Pay the SIP amount through a secure online payment method.

Step 10: After successful payment, you'll receive a confirmation of your Canara Bank SIP investment through Policybazaar.

**You can also check returns on your investment by using the SIP calculator, it is a financial tool that provides insights into the potential returns and growth of your investments over time.

SIP plans available in

5 YEARS SIP Plans
Returns upto 19%
7 YEARS SIP Plans
Returns upto 18%
10 YEARS SIP Plans
Returns upto 16%
12 YEARS SIP Plans
Returns upto 14%
15 YEARS SIP Plans
Returns upto 15%
20 YEARS SIP Plans
Returns upto 15%

Wrapping it up!

Canara Bank SIP Investment can be a valuable addition to a well-rounded investment strategy, offering the potential for wealth accumulation and financial growth. By aligning one's investment goals with Canara Bank's SIP offerings and exercising informed decision-making, investors can pave the way for a more secure and prosperous financial future.

+The Returns are 5 years of cost-adjusted returns of large-cap funds as of 18 Dec 2023, as per moneycontrol.
^If premium payable is below Rs. 2.5 lakh in any year . Standard T&C Apply
*Past 10 Year annualised returns as on 01-12-2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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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Invest In SIP & Get Financial Freedom

With BEST RETURNS and tax free maturity*

*under 10(10D)
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