Canara Bank SIP Investment

Canara Bank SIP Investment allows you to invest in mutual funds and insurance funds through a Systematic Investment Plan (SIP). It is an easy way to build wealth over time by contributing a fixed amount regularly. With Canara Bank SIP Plans, you can choose from a range of funds based on your financial goals and risk tolerance.

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SIP Plan 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 80C^
Zero LTCG Tax
Zero LTCG Tax
Disciplined & worry-free investing
Disciplined & worry-free investing

Payment Mode
Invest
₹ 10,000
Invest for
AUM (Cr)

₹10,632

NAV

113.84

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 32.5 21.1 18.6 %

Instant tax receipt
AUM (Cr)

₹2,693

NAV

72.21

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 21.38 15.96 14.6 %

Instant tax receipt
AUM (Cr)

₹3,282

NAV

68.67

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.57 16.06 14.25 %

Instant tax receipt
AUM (Cr)

₹5,681

NAV

80.6

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.54 12.55 14.17 %

Instant tax receipt
AUM (Cr)

₹36,935

NAV

76.04

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 22.14 14.59 13.85 %

Instant tax receipt
AUM (Cr)

₹3,552

NAV

40.81

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 17.64 12.98 13.56 %

Instant tax receipt
AUM (Cr)

₹4,489

NAV

67.72

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.61 14.52 13.44 %

Instant tax receipt
AUM (Cr)

₹454

NAV

67.39

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 17.56 13.27 13.42 %

Instant tax receipt
AUM (Cr)

₹7,241

NAV

151.32

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 17.2 13.36 13.14 %

Instant tax receipt
AUM (Cr)

₹235

NAV

49.16

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.15 14.77 12.97 %

Instant tax receipt
AUM (Cr)

₹2,693

NAV

72.21

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 21.38 15.96 14.6 %

AUM (Cr)

₹3,282

NAV

68.67

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.57 16.06 14.25 %

AUM (Cr)

₹3,552

NAV

40.81

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 17.64 12.98 13.56 %

AUM (Cr)

₹4,489

NAV

67.72

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.61 14.52 13.44 %

AUM (Cr)

₹454

NAV

67.39

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 17.56 13.27 13.42 %

AUM (Cr)

₹7,241

NAV

151.32

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 17.2 13.36 13.14 %

AUM (Cr)

₹235

NAV

49.16

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.15 14.77 12.97 %

AUM (Cr)

₹13,662

NAV

81

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 16.86 12.59 12.18 %

AUM (Cr)

₹65

NAV

42.6

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 19.73 13.2 11.83 %

AUM (Cr)

₹837

NAV

28.8

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 18.07 11.85 11.4 %

AUM (Cr)

₹10,632

NAV

113.84

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 32.5 21.1 18.6 %

AUM (Cr)

₹5,681

NAV

80.6

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.54 12.55 14.17 %

AUM (Cr)

₹36,935

NAV

76.04

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 22.14 14.59 13.85 %

AUM (Cr)

₹2,485

NAV

179.8

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 30.5 21 18.2 %

AUM (Cr)

₹1,025

NAV

72.67

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 19.84 14.27 13.89 %

AUM (Cr)

₹13,991

NAV

68.07

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 18.68 13.22 12.45 %

AUM (Cr)

₹3,406

NAV

58.64

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 19.96 13.09 12.01 %

AUM (Cr)

₹1,125

NAV

52.7

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 18.83 12.53 11.74 %

AUM (Cr)

₹528

NAV

56.73

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 16.8 11.52 10.87 %

AUM (Cr)

₹831

NAV

40.43

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.92 7.81 7.71 %

AUM (Cr)

₹503

NAV

38.24

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.75 7.86 7.55 %

AUM (Cr)

₹1,027

NAV

42.14

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.92 7.82 7.54 %

AUM (Cr)

₹74

NAV

40.58

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.33 7.2 7.19 %

AUM (Cr)

₹204

NAV

46.84

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 4.83 7.25 7.17 %

AUM (Cr)

₹123

NAV

29.28

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.96 6.99 7.16 %

AUM (Cr)

₹19,241

NAV

49.49

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.43 7.17 7.08 %

AUM (Cr)

₹7,540

NAV

32.12

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.06 6.99 7.07 %

AUM (Cr)

₹93

NAV

38.42

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.26 7.24 7 %

AUM (Cr)

₹1,081

NAV

46.14

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.82 7.08 6.96 %

AUM (Cr)

₹892

NAV

97.5

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.04 15.77 14.91 %

AUM (Cr)

₹370

NAV

47.51

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 13.25 10.84 10.26 %

AUM (Cr)

₹65

NAV

59.53

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 10.63 9.48 9.77 %

AUM (Cr)

₹503

NAV

102.25

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 11.13 9.84 9.76 %

AUM (Cr)

₹22,609

NAV

71.98

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 10.99 9.67 9.64 %

AUM (Cr)

₹5,648

NAV

39.42

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 12.38 9.73 9.61 %

AUM (Cr)

₹839

NAV

38.76

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 12.23 9.83 9.45 %

AUM (Cr)

₹286

NAV

30.97

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 12 9.25 9.44 %

AUM (Cr)

₹1,978

NAV

42.89

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 12.7 9.45 9.21 %

AUM (Cr)

₹19

NAV

32.92

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 11.45 9.33 9.09 %

AUM (Cr)

₹1,317

NAV

80.47

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.2 14.11 13.2 %

AUM (Cr)

₹7,420

NAV

155.28

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 18.9 14.23 13.13 %

AUM (Cr)

₹2,995

NAV

70.94

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 19.38 14.27 12.78 %

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What is Canara Bank SIP Investment?

Canara Bank SIP Investment is a Systematic Investment Plan (SIP) that allows you to invest in mutual funds and insurance funds regularly, with small fixed amounts. It helps you invest over time without needing a large amount at once. 

A SIP calculator can help you estimate your future returns from your regular investments in the Canara SIP plans for a fixed period.

Key Features:

  • Affordable: You can start with small amounts, often as low as ₹500.

  • Flexibility: Allows you to choose the amount and frequency (monthly or quarterly).

  • Wealth Creation: You can choose from a variety of best SIP plans to invest for long-term growth.

  • Rupee Cost Averaging: Reduces the impact of market fluctuations by buying units at different prices.

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 5 Years 7 Years 10 Years
High Growth Fund Axis Max Life
Rating
32.5% 21.1%
18.6%
View Plan
Top 200 Fund Tata AIA Life
Rating
30.5% 21%
18.2%
View Plan
Accelerator Mid-Cap Fund II Bajaj Allianz
Rating
20.54% 12.55%
14.17%
View Plan
Opportunities Fund HDFC Life
Rating
22.14% 14.59%
13.85%
View Plan
Equity II Fund Canara HSBC Life
Rating
16.61% 9.87%
9.9%
View Plan
Grow Money Plus Fund Bharti AXA
Rating
17.56% 13.27%
13.42%
View Plan
Multiplier Birla Sun Life
Rating
22.24% 14.41%
14.88%
View Plan
Opportunities Fund ICICI Prudential Life
Rating
19.96% 13.09%
12.01%
View Plan
Balanced Fund LIC India
Rating
10.44% -
-
View Plan
Virtue II PNB MetLife
Rating
20.57% 16.06%
14.25%
View Plan
Fund rating powered by
Last updated: Jul 2025
Compare more funds

  Returns
Fund Name 3 Years 5 Years 10 Years
Active Fund QUANT 23.92% 31.48%
21.87%
Flexi Cap Fund PARAG PARIKH 20.69% 26.41%
19.28%
Large and Mid-Cap Fund EDELWEISS 22.34% 24.29%
17.94%
Equity Opportunities Fund KOTAK 24.64% 25.01%
19.45%
Large and Midcap Fund MIRAE ASSET 19.74% 24.32%
22.50%
Flexi Cap Fund PGIM INDIA 14.75% 23.39%
-
Flexi Cap Fund DSP 18.41% 22.33%
16.91%
Emerging Equities Fund CANARA ROBECO 20.05% 21.80%
15.92%
Focused fund SUNDARAM 18.27% 18.22%
16.55%

Last updated: June 2025

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Buying the Dip Results in Higher ReturnsBuying the Dip Results in Higher Returns

Canara Bank SIP Calculator Online

The Canara Bank SIP Calculator helps you estimate the future value of your Systematic Investment Plan investments. It considers factors like monthly investment amount, expected returns, and investment duration. This online tool provides a simple way to plan your Canara Bank SIP plans and visualize how your money can grow over time. 

Top Canara Bank SIP Plans in India in 2025~

Canara Bank offers several ULIP and mutual fund schemes through SIPs (Systematic Investment Plans) for investors seeking consistent returns and long-term growth. 

Following are the best SIP plans for 2024 under different categories:

Canara SIP Plans - ULIP Funds

Canara HSBC Life ULIP Funds NAV 1-Year Returns 3-Year Returns  5-Year Returns
Canara HSBC Growth Plus Fund ₹36.76 20% 12.9% 13.9%
Canara HSBC Equity II Fund  ₹41.47 19.3% 12.8% 14.1%
Canara HSBC Balanced Plus Fund ₹32.16 15.7% 9.8% 11.1%
Canara HSBC Debt Fund ₹36.64 10.1% 5.9% 7%
Canara HSBC Liquid Fund ₹26.47 6.7% 5.2% 4.8%
Canara HSBC Large Cap Advantage Fund ₹20.24 18% 12.3%
Canara HSBC Emerging Leaders Equity Fund ₹32.23 37.3% 25% 28.4%
Canara HSBC India Multi Cap Equity Fund ₹30.41 26.8% 15.9% 17.4%

SIP Calculator

I want to invest Pro Tip
Financial experts suggest that a person should invest 10-15% of their monthly income for long-term financial growth
/Month
I want to invest for Pro Tip
Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively
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Expected return Pro Tip
Top 25% of investors consistently generate more than 12% return
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Total Wealth ₹22.4 L
View Plans
I want to save
I want to invest for Pro Tip
Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively
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Expected return Pro Tip
Top 25% of investors consistently generate more than 12% return
% Annually
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Monthly Investment ₹22.4 L
View Plans
Top Funds with High Returns (Past 7 Years)
High Growth Fund
18.6%
High Growth Fund
Top 200 Fund
18.2%
Top 200 Fund
Accelerator Mid-Cap Fund II
14.17%
Accelerator Mid-Cap Fund II
Opportunities Fund
13.85%
Opportunities Fund
Equity II Fund
9.9%
Equity II Fund
Accelerator Fund
12.97%
Accelerator Fund
Growth Opportunities Plus Fund
13.89%
Growth Opportunities Plus Fund
Multiplier
14.88%
Multiplier
Equity Top 250 Fund
10.87%
Equity Top 250 Fund
Future Opportunity Fund
11.83%
Future Opportunity Fund
Opportunities Fund
12.01%
Opportunities Fund
Frontline Equity Fund
13.44%
Frontline Equity Fund
Virtue II
14.25%
Virtue II
Pension Dynamic Equity Fund
10.57%
Pension Dynamic Equity Fund
Equity Optimiser Pension
11.94%
Equity Optimiser Pension
Blue-Chip Equity Fund
9.72%
Blue-Chip Equity Fund

Details of Canara SIP Plans in ULIP 

  1. Canara HSBC Growth Plus Fund

    Canara HSBC Growth Plus Fund is offered with a Canara HSBC Life ULIP Plan (Unit Linked Insurance Plan) and focuses on equity and debt assets with the aim for long-term capital growth. It balances aggressive equity investments with stable debt holdings​

    • Investment Objective: Aims to provide long-term capital appreciation by investing primarily in equity and equity-related instruments.

    • Benchmark: Nifty 50 and Customized UL Growth Plus Composite Bond Index

    • Launch Date: September 31, 2010

    • Fund Manager: Vijay Sarda and Chirag Hirkane

    • Tax Benefits: Tax advantages available under Section 80C and Section 10(10D).

    • Life Cover: Provides life insurance coverage along with investment opportunities.

  2. Canara HSBC Equity II Fund 

    The Canara HSBC Equity II Fund focuses on equity investments, mainly in large and mid-cap stocks. This fund is designed to deliver high growth and is ideal for those seeking long-term wealth creation through equity markets​.

    • Investment Objective: Focuses on generating capital appreciation by investing in a diversified portfolio of equity shares.

    • Benchmark: Nifty 50 Index

    • Launch Date: January 07, 2010

    • Fund Manager: Biswarup Mohapatra

    • Tax Benefits: Income deductions can be availed under Section 80C and Section 10(10D).

    • Life Cover: Combines the benefits of life insurance with the potential for significant market-linked returns.

    start-an-sip-today-watch-your-money-grow start-an-sip-today-watch-your-money-grow
  3. Canara HSBC Balanced Plus Fund

    The Canara HSBC Balanced Plus Fund invests in both equity and debt instruments to provide moderate growth with reduced risk. It is a suitable option for investors looking for stability while still benefiting from equity market returns.

    • Investment Objective: Seeks to provide a balance between growth and income by investing in both equity and debt instruments.

    • Benchmark: Nifty 50 and Customized UL Balanced Plus Composite Bond Index

    • Launch Date: September 13, 2010

    • Fund Manager: Biswarup Mohapatra and Chirag Hirkane

    • Tax Benefits: You can avail of tax deductions under Section 80C and Section 10(10D).

    • Life Cover: Provides life cover while also allowing for wealth creation through market-linked investments.

  4. Canara HSBC Debt Fund

    The Canara HSBC Debt Fund primarily invests in fixed-income securities like bonds, offering stable and predictable returns. It is an excellent choice for conservative investors who prioritize safety over high returns​.

    • Investment Objective: Focuses on generating regular income by investing primarily in fixed-income securities such as bonds and debentures.

    • Benchmark: Customized UL Debt Composite Bond Index

    • Launch Date: July 09, 2008

    • Fund Manager: Chirag Hirkane

    • Tax Benefits: You get tax advantages under Section 80C and Section 10(10D).?=

    • Life Cover: Ensures life insurance coverage while offering fixed-income investment opportunities.

  5. Canara HSBC Liquid Fund

    The Canara HSBC Liquid Fund invests in short-term money market instruments to offer liquidity and consistent returns. This fund is ideal for those who need quick access to their investments with low risk​.

    • Investment Objective: Designed to provide liquidity and short-term capital appreciation by investing in short-term debt instruments and money market securities.

    • Benchmark:  Customized UL Liquid Index.

    • Launch Date: July 14, 2008.

    • Fund Manager: Chirag Hirkane

    • Tax Benefits: You are offered tax advantages under Section 80C and Section 10(10D).

    • Life Cover: Provides life insurance protection while allowing easy access to funds when needed.

Canara SIP Plans - Mutual Funds

Canara Mutual Funds NAV 1-Year Returns 3-Year Returns  5-Year Returns
Equity Funds
Canara Robeco Infrastructure Fund ₹183.14 32.80% 31.60% 19.0%
Canara Robeco Small Cap Fund  ₹45.76 33.3% 25.4% 36.9%
Canara Robeco Value Fund  ₹19.70 29.6% 25.3%
Canara Robeco Consumer Trends Fund ₹126.41 28.0% 21.0% 23.0%
Debt Funds
Canara Robeco Short Term Fund ₹19.92 5.9% 7.3% 7.8%
Canara Robeco Gilt Fund ₹77.96 10.2% 6.5% 6.7%
Canara Robeco Liquid Fund ₹3,038.74 7.5% 6.4% 5.2%
Hybrid Funds
Canara Robeco Equity Hybrid Fund ₹402.43 23.8% 15.7% 18.0%
Canara Robeco Conservative Hybrid Fund ₹107.45 13.6% 9.3% 10.9%
Canara Robeco Balanced Advantage Fund ₹10.37 3.7%

Details of Canara SIP Plans in Mutual Funds

  1. Canara Robeco Infrastructure Fund

    Canara Robeco Infrastructure Fund is a mutual fund focused on investing in the infrastructure sector. Following are the key details:

      • Investment Objective: To generate income and capital appreciation by investing in equities and equity-related instruments of companies in the infrastructure sector.

      • Benchmark: BSE India Infrastructure Index (primary) and BSE SENSEX (secondary).

      • Launch Date: December 2, 2005.

      • Fund Manager: Vishal Mishra and Shridatta Bhandwaldar.

    • Taxation:

      • Short-Term Capital Gains (STCG): Taxed at 15% if redeemed within one year.

      • Long-Term Capital Gains (LTCG): Taxed at 12.5% on gains exceeding ₹1.25 lakh in a financial year after one year of holding.

  2. Canara Robeco Small Cap Fund 

    The Canara Robeco Small Cap Fund invests predominantly in a diversified portfolio of small-cap companies. This strategy focuses on companies with high growth potential, which may become larger firms in the future.

    • Investment Objective: The Canara Robeco Small Cap Fund aims to generate capital appreciation by investing primarily in small-cap stocks.

    • Benchmark: Nifty Smallcap 250.

    • Launch Date: February 15, 2019.

    • Fund Manager: Shridatta Bhandwaldar, Ajay Khandelwal, and Pranav Gokhale.

    • Taxation: Short-term capital gains (STCG) are taxed at 15% if redeemed within one year, while long-term capital gains (LTCG) are taxed at 12.5% on gains exceeding ₹1.25 lakh after one year of holding.

  3. Canara Robeco Short Term Fund

    The Canara Robeco Short Duration Fund provides income and capital appreciation by investing primarily in short-term debt and money market instruments, making it suitable for investors seeking moderate returns with lower risk.

    • Investment Objective: To generate income and capital appreciation by investing in debt and money market instruments. 

    • Benchmark: The fund's performance is compared against the CRISIL Short Duration Debt A-II Index, which serves as a standard for evaluating its effectiveness relative to similar funds.

    • Launch Date: January 1, 2013.

    • Fund Manager: Suman Prasad

    • Taxation: Gains from the fund are taxed according to the investor's income tax slab. Additionally, an exit load of 0.25% applies if units are redeemed within 60 days of investment.

  4. Canara Robeco Gilt Fund

    The Canara Robeco Gilt Fund is a debt mutual fund that invests primarily in government securities (G-Secs) and treasury bills, ensuring high safety and minimal credit risk. 

      • Investment Objective: The Canara Robeco Gilt Fund aims to provide moderate returns by investing primarily in government securities. This fund is suitable for risk-averse investors looking for capital preservation and stable income.

      • Benchmark: CRISIL Dynamic Gilt Index.

      • Launch Date: November 5, 2018.

      • Fund Manager: Avnish Jain and Kunal Jain.

    • Taxation:

      • Short-term capital gains (held for less than three years) are taxed as per the investor's income tax slab.

      • Long-term capital gains (held for more than three years) are taxed at a flat rate of 20% with indexation benefits, making it an attractive option for long-term investors.

  5. Canara Robeco Equity Hybrid Fund

    The Canara Robeco Equity Hybrid Fund is a popular mutual fund that provides capital appreciation and stable returns over the long term by allocating a significant portion of its portfolio to equities while maintaining a debt component for risk management.

    • Investment Objective: The Canara Robeco Equity Hybrid Fund aims to create a balanced portfolio that provides a mix of high annual returns and capital appreciation. This fund is designed for investors seeking both growth and stability.

    • Benchmark: CRISIL Hybrid 35+65 Aggressive Index.

    • Launch Date: July 20, 2007.

    • Fund Managers: Shridatta Bhandwaldar, Avnish Jain, and Ennette Fernandes.

    • Taxation: The taxation on gains from this mutual fund depends on the holding period:

      • Short-term capital gains (held for less than 1 year) are taxed at 15%.

      • Long-term capital gains (held for more than 1 year) exceeding ₹1 lakh are taxed at 10% without indexation benefits.

What are the Benefits of Canara Bank SIP Investment?

Following are the key benefits of investing in Canara SIP investment plans: 

  • Disciplined Savings: Encourages regular investing through small, fixed amounts.

  • Convenience: Easy to start and manage SIPs with online and branch facilities.

  • Affordable: Begin investing with minimal amounts, making it budget-friendly.

  • Wealth Creation: Ideal for long-term financial growth through compounding.

  • Risk Mitigation: Reduces market risks by spreading investments over time.

  • Flexible: Offers freedom to pause, increase, or stop investments anytime.

  • Diverse Options: Access to various mutual funds suiting different goals.

  • Tax Benefits: SIP in ULIP funds provide tax-saving opportunities under Section 80C and Section 10(10D).

start-small-&-build-your-wealth-for-a-brighter-tomorrow start-small-&-build-your-wealth-for-a-brighter-tomorrow

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 Market Linked Plans and click on them.

Step 5: Choose the best investment plan that matches your investment goals.

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

Step 7: Select the duration for your SIP investment.

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

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

Step 10: After successful payment, you will 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.

Wrapping it up!

Canara Bank SIP Investment offers a convenient way to grow wealth through disciplined, regular investments. With flexible investment options, it allows investors to choose the amount and frequency of contributions based on their financial goals. It’s a simple, risk-managed way to invest, making it ideal for both beginners and experienced investors looking for steady returns.

SIP Hub

FAQs

  • What are the benefits of a Canara Bank SIP?

    • Builds discipline: Invest regularly without thinking.

    • Rupee-cost averaging: Lowers investment risk by buying at different price points.

    • Grow wealth: Earn returns through potential market appreciation.

  • What is SIP in Canara Bank?

    SIP (Systematic Investment Plan) in Canara Bank allows you to invest small amounts regularly in mutual funds.
  • What is the minimum amount for SIP in Canara Bank?

    The minimum SIP amount starts at ₹500 per month.
  • Is there any lock-in period for SIP investments?

    No, except for tax-saving funds (ELSS) and ULIP funds, most SIPs in mutual funds do not have a lock-in period.
  • Can I stop my SIP anytime?

    Yes, you can stop your SIP anytime without any penalty by submitting a cancellation request.

˜Top 5 plans based on annualized premium, for bookings made through https://www.policybazaar.com in the first 6 months of FY 24-25. 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. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Disclaimer:#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. All SIPs listed here are of insurance companies’ funds. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for 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.
++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.
**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).

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