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Canara Robeco SIP Calculator

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SIP or Systematic Investment Plan helps in investing a small amount of money regularly in mutual funds. It is one of the best ways to accumulate wealth over a period of time. Canara Bank Sip Calculator is an online tool that helps in estimating the returns of SIP investment. Use our Canara Bank SIP calculator to see how much your investment can grow if you invest today.

Calculate SIP Mutual Fund Returns

Monthly Investment Amount
₹ 
 %
Investment Duration
years
Step Up
 %

Looking for a long term investment? We have a better-curated plan for you:

After 5 years, you will have

₹ 

that’s ₹  as potential capital gains

on your investment of ₹ 

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Chart

Table

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Maturity Amount Based on Growth Scenarios,

Disclaimer: Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance is not an indicator of future returns. Learn More

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What is a Canara Bank SIP Calculator?

Canara Bank SIP Calculator is an online tool used for estimating the returns from a SIP investment. The calculator works on simple inputs like investment amount, tenure, expected return, and step-up SIP amount provided by the user. Scripbox’s Canara Bank SIP Calculator gives output in both graphical and tabular format. The Canara Bank SIP calculator clearly shows the total amount of investment, potential capital gains and estimated maturity amount.

The Canara Bank SIP Calculator works on the investment amount and target amount approach. The investment amount approach can be used when the investors know how much they can invest on a monthly basis. On the other hand, the target amount approach is used when the investors know how much they want to earn but do not know how much to invest regularly.

Scripbox’s Canara Bank SIP calculator estimates the return in terms of maturity amount based on three different growth scenarios. The three different growth scenarios are above average, average, and below-average.

The Canara Bank SIP Calculator only gives an estimate based on the inputs provided and doesn’t guarantee any returns. The performance of a mutual fund affects its return which can be higher or lower than the estimate provided by Canara Bank SIP Calculator.

What formula is used to Calculate Canara Bank SIP returns?

SIP returns can be calculated using absolute return, CAGR, annualized return and XIRR. However, the most effective method is CAGR.

CAGR or Compound Annual Growth Rate is the return on the investment per annum spread across the entire tenure of the investment. Below is the formula for CAGR:

CAGR = (ending value/beginning value) ^ (1/number of years or months) – 1*100

Where the ending and beginning value is the NAV of the investment at the beginning and ending of the investment.

We can understand SIP returns better with the help of an example.

Ms Divya has invested INR 6,00,000 (INR 10,000 a month for five years) in a mutual fund when the NAV is INR 21. At the time of withdrawal after five years, the NAV is INR 40. Using the CAGR formula, we can estimate SIP returns for Ms Divya.

CAGR = (ending-value/beginning – value) ^ (1/number-of-years) – 1* 100

CAGR = (((40/21) ^ (1/5)) – 1) * 100 = 13.75%

This means the investment has grown 13.75% each year for a tenure of 5 years.

The SIP return will remain the same in terms of months as well.

CAGR = (((40/21) ^ (12/60)) – 1) * 100

CAGR = 13.75%

Hence the investment of INR 6,00,000 will grow to INR  8,66,042.66 in 5 years.

How to use a Canara Bank SIP Calculator?

When it comes to investing, everyone is curious to know what their potential returns are. Scripbox’s Canara Bank SIP calculator helps in estimating potential returns from SIP investments. The Canara Bank calculator is available online, and one can use it for free. Scripbox’s Canara SIP calculator provides two approaches to estimating the wealth and maturity amount, i.e. ‘Investment Amount’ and ‘Target Amount’.

Investment Amount Approach

Investors who are aware of how much they want to contribute monthly will benefit from the investment amount approach to estimating potential Canara Bank SIP returns. To determine the Canara SIP maturity amount and wealth gained, one has to follow the below steps:

  • Provide the monthly investment amount (SIP amount)
  • Now, enter the expected growth rate
  • Next, enter the investment duration in years
  • Finally, set the step up percentage. Step Up refers to a yearly increase in the investment amount that is usually in line with the growth of the investor’s income. Ideally, the step-up percentage should be equal to the individual’s annual compensation hike.

The Canara bank SIP calculator will automatically estimate the potential gains at the end of the investment duration. Also, one can view the calculation of Canara SIP Maturity Amount either in a chart or table form. The investment graph provides a visualization of the Canara SIP maturity amount and the wealth gained during the investment tenure. In the tablet format, one can easily identify the Canara Bank SIP Step-Up value every year (indicated with a blue arrow).

Furthermore, the SIP calculator estimates maturity amount based on three growth scenarios – above-average returns, average returns and below-average returns.

Target Amount Approach

Through the target amount approach, investors can determine the monthly investment (SIP) amount that they require in order to meet their financial objectives. However, to estimate it, an individual must know how much money they want at the end of the investment period. One can calculate the monthly investment amount by following the below steps:

  • Firstly, enter the expected target amount
  • Now, enter the expected growth rate
  • Next, enter the investment duration in years
  • Finally, set the step up percentage. Step Up refers to a yearly increase in the investment amount that is usually in line with the growth of the investor’s income. Ideally, the step-up percentage should be equal to the individual’s annual compensation hike.

The Canara Bank SIP calculator will automatically estimate the SIP target amount. In the calculation of the SIP target amount table, one can find the details of their Canara investments. Such as the number of years, investment amount, interest earned and maturity amount. Also, in the tablet format, one can easily identify the Canara Bank SIP Step-Up value every year (indicated with a blue arrow).

Furthermore, do not forget that mutual fund investments are subject to market risks. Hence, one should be mindful of the risks and understand the Canara SIP calculator is just an estimate of the potential returns and doesn’t guarantee them.

How can a Canara Bank SIP Calculator help you?

The following are the benefits of the Canara Bank SIP calculator:

Estimate maturity amount

The Canara bank SIP calculator helps investors to estimate their potential returns at the end of the investment duration. Canara SIP calculator also helps in estimating the monthly investment amount if the investor knows how much they want to earn at the end of their investment tenure.

Easy to use

Scipbox’s Canara SIP calculator is quite easy to use and navigate. One has to enter the details such as investment amount (SIP) or maturity amount, expected return, investment tenure and step up percentage to estimate their returns or monthly investment amount. Also, the Canara SIP calculator saves investor’s time from doing complex calculations. The Canara SIP calculator estimates the maturity amount and the monthly investment amount within seconds.

Graphical and Tabular Representation

The Canara SIP calculator shows the return estimates in both graphical and tabulated forms. Through these representations, one can easily interpret and make informed investment decisions.

Maturity amount based on growth scenarios

The Canara SIP calculator estimated the returns based on three growth scenarios. The three growth scenarios are based on above average, average returns and below-average returns.

Step Up

The Scripbox Canara SIP calculator provides an opportunity for the investor to step-up their investments annually. Stepping up SIPs allows individuals to realize their financial goals faster. Also, the step-up details can be found in the table format of the Canara SIP maturity amount estimation.

Informed Decision

Investors can compare multiple return scenarios using the free online Canara Bank SIP calculator and make the right investment decisions that will help them earn significant returns.

Frequently Asked Questions

Is Canara SIP good?

The Canara Robeco Mutual Fund is India’s second-oldest mutual fund company. Due to its simplified solutions and diversified schemes, Canara AMC is one of the most trusted and fastest-growing companies in India. They offer a wide range of products like diversified and thematic equity schemes, monthly income funds, hybrid funds, debt funds, and many other funds. In the past, the funds have outperformed their benchmark and provided considerable returns to investors. Before investing, however, it is recommended to read all of the scheme related documents and consider all parameters.

Which date of the month is best for Canara Bank SIP?

There isn’t the best date for making a SIP investment. This is because the investment is made systematically over a period of time. Though there can be a slight difference in the NAV of the fund during the end of the month, it is considered best to invest in SIP as and when one gets their salary. This will ensure continuous investment without any breaks due to a lack of funds in the bank account.

How to invest in Canara Bank SIP?

One can invest in Canara Bank SIP through Scripbox. Firstly, create an account on Scripbox and log in with your credentials. Then, select any Canara Bank mutual fund and click on invest. Now, click on the ‘Monthly SIP option’ and provide all necessary details like SIP investment amount, tenure and start date. Lastly, click on ‘Start SIP’. Your Canara Bank SIP investment will commence from the date provided by you.

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