Canara Bank SIP Investment

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.

SIP Calculator

I know my investment amount I know my goal amount

Monthly SIP Yearly SIP Lumpsum

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

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Monthly Investment ₹22.4 L

View Plans

Top Funds with High Returns (Past 7 Years)

17.93%

High Growth Fund

17.6%

Top 200 Fund

13.73%

Accelerator Mid-Cap Fund II

14.37%

Opportunities Fund

9.16%

Equity II Fund

12.73%

Accelerator Fund

14.17%

Growth Opportunities Plus Fund

15.04%

Multiplier

11.46%

Equity Top 250 Fund

12.64%

Future Apex Fund

11.9%

Opportunities Fund

14.02%

Frontline Equity Fund

15.2%

Virtue II

10.41%

Pension Dynamic Equity Fund

11.83%

Top 300 Fund

9.96%

Blue-Chip Equity Fund

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

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.

   

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

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).

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.