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# Canara Bank SIP Calculator

SIP
Lumpsum
Monthly investment
Expected return rate (p.a)
%
Time period
Yr
Invested amount
Est. returns
Total value
INVEST NOW
Invested amount
Est. returns

Canara Robeco SIP is India’s second oldest management company and the most efficient way to invest in Mutual Funds. Systematic Investment Plan or SIP returns are calculated according to compound interest. One can calculate it using the Canara Bank SIP calculator in a hassle-free manner. Started as CanBank Mutual Fund in 1993, in 2007, Canara Bank entered into a joint venture with Robeco group, and it was renamed as Canara Robeco Mutual Fund. Today, it manages the wealth of over 9 lakh investors.

## What is SIP and What are its Advantages?

SIP is one of the most affordable investment methods in which one can start investing in mutual funds with as low as just INR 500. This fixed amount can be invested at regular intervals (monthly or quarterly basis). For investors planning to invest in Equity Funds, SIP is the ideal way. At any point in time, if you want to check the estimated returns, Canara Bank mutual fund calculator has always got your back. With a SIP, one can also plan their financial goals like Retirement planning, marriage, getting a new house/car, higher education, etc.

## How to Use the Canara Bank SIP Plans Calculator?

One can easily figure out the right financial amount required to achieve their financial Goal through the Canara Robeco SIP Calculator with these simple steps:

Step 1: Enter the monthly investment amount you want to invest or just move the slider provided to select the amount

Step 2: In this step, enter the return rate or move the slider

Step 3: Choose the investment period.

Step 4: Click on the ‘Invest now’ button.

It will show the invested amount, estimated returns and the total value. It’s that easy!

## What Formula is used to Calculate Canara Bank SIP returns?

= P*((1+i)^n)-1)/i)*(1+i)

where:

is the Amount you will receive

is the SIP investment amount

is the compounded rate of return, which is the annual rate of return %/12

is the number of months

### Advantages of Using Canara SIP Calculator

• A SIP calculator helps you get the estimated results, which is fundamental to taking calculated risks. All you have to do is provide the details like your monthly investment amount, tenor and expected rate of return to gain the estimated results of your total invested amount, total maturity amount and the earning on the investment.
• Not confined to showing the estimated returns, the Canara Bank SIP calculator gives you the results way quickly than manually calculating the same.
• You can forecast your investment plans beforehand and look at different outcomes which ultimately helps you to invest wisely.

## Canara Bank SIP Calculator – FAQs

Ques. What is a SIP Calculator?
Ans. A Systematic Investment Plan calculator is an online financial tool used to calculate the returns on your SIP investments.

Ques. Is there a cap on SIP investment?
Ans. There is no restriction on the amount you can invest in SIPs.

Ques. Can the SIP investment amount be increased?
Ans. Yes, when buying a new SIP, one can opt for a periodic top-up of the investment amount.

Ques. What is the use of the Canara SIP calculator and how it works?
Ans. The online SIP Calculator shows the value of your SIP instalments at the end of the investment duration.

Ques. How does a Canara Bank SIP Calculator work?
Ans. It’s simple to use; all you need is to enter the values of the SIP instalment, duration of investment, and the expected annual rate of return.

Ques. Are we allowed to withdraw the SIP amount anytime?
Ans. Yes, SIPs can be withdrawn anytime. However, in Equity Linked Savings Scheme, there is a lock-in period of 3 years

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