Bank of India vs Canara Robeco Mutual Fund: Which Mutual Fund House is Better for You?

When it comes to choosing the right Asset Management Company (AMC) for investments, two names often come up for discussion — Bank of India Mutual Fund and Canara Robeco Mutual Fund. Both AMCs have a strong presence in India’s mutual fund industry, with their own unique strengths.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

As of June 2025, Bank of India Mutual Fund AUM stands at ₹12,458 crore, while Canara Robeco Mutual Fund AUM is at ₹1 lakh crore. While one is a relatively smaller AMC backed by a PSU bank, the other is a mid-sized fund house known for consistent performance and investor trust.

This article compares these two fund houses on multiple parameters — their history, fund categories, top-performing funds, strengths, and investor suitability — to help you decide whether to buy Bank of India Mutual Fund online or invest in Canara Robeco Mutual Fund through 5paisa.

About the AMC

Fund Categories Offered

Both Bank of India Mutual Fund and Canara Robeco Mutual Fund provide multiple options for investors across risk profiles.

• Equity Funds – Large-cap, mid-cap, small-cap, multi-cap, sectoral & thematic funds.
• Debt Funds – Overnight, liquid, short-duration, corporate bond, and gilt funds.
• Hybrid Funds – Aggressive hybrid, balanced advantage, and conservative allocation funds.
• ELSS (Tax-Saving Funds) – Popular for investors looking for tax benefits under Section 80C.
• SIPs – Both AMCs allow investors to open SIP with Bank of India Mutual Fund or Canara Robeco Mutual Fund SIP ₹500 per month.
• Portfolio Management – Focused offerings for HNIs and institutional clients.

Top Funds by Each AMC

Make investing simple by visiting our page to compare mutual funds and understand the key differences.

Unique Strengths of Each AMC

Bank of India Mutual Fund Strengths

• Trusted PSU Bank Backing – Supported by Bank of India’s reputation and investor trust.
• Focus on Emerging Investors – Allows retail investors to start Bank of India SIP ₹500 per month.
• Diverse Investment Schemes – Covers Bank of India equity funds, debt, hybrid, and tax-saving ELSS.
• Growing Fund House – Though the AUM is modest, the AMC is expanding its footprint steadily.
• Tax-Saving Advantage – Top Bank of India mutual funds for tax saving attract new investors.
• Portfolio Management – Offers professional management for both individuals and institutions.
• Bank Distribution Strength – Easy accessibility through Bank of India branches and digital platforms.

Canara Robeco Mutual Fund Strengths

• Large AUM Base – With ₹1 lakh crore AUM, Canara Robeco AMC is one of India’s trusted fund houses.
• Consistent Long-Term Performance – Recognized for best Canara Robeco equity mutual funds for long-term wealth creation.
• Diverse Product Range – From debt to hybrid to equity, it caters to conservative as well as aggressive investors.
• Strong SIP Book – Popular among investors for systematic wealth-building through Canara Robeco SIP.
• Global Expertise – Backed by Robeco’s international asset management expertise.
• Tech-Enabled Investing – Easy to buy Canara Robeco Mutual Fund online or via platforms like 5paisa.
• ELSS Popularity – Among the top Canara Robeco mutual funds for tax saving, the ELSS fund is widely chosen.
• Strong Portfolio Management – Offers robust PMS services for HNIs and corporates.

Who Should Invest?

Choose Bank of India Mutual Fund if you:

• Prefer a smaller, emerging AMC fund house with personalized schemes.
• Want to start investing with Bank of India SIP ₹500 per month.
• Look for Bank of India ELSS funds for tax benefits.
• Value the accessibility of a PSU-bank-backed AMC.

Choose Canara Robeco Mutual Fund if you:

• Want a mid-sized AMC with a proven track record of mutual fund returns.
• Focus on best Canara Robeco equity mutual funds for long-term growth.
• Seek consistent performance in debt funds and hybrid products.
• Prefer the convenience to open SIP with Canara Robeco Mutual Fund online or invest through brokers like 5paisa.

Conclusion

Both Bank of India Mutual Fund and Canara Robeco Mutual Fund bring their own strengths to the table. While Bank of India AMC is growing with a focus on retail investors and accessibility, Canara Robeco Mutual Fund is a stronger, more established player with consistent performance across categories.

If you’re looking for a conservative, bank-backed fund house with simple investment schemes, Bank of India Mutual Fund may be a good choice. On the other hand, if you want broader exposure, strong SIP options, and proven performance in equity and hybrid categories, Canara Robeco Mutual Fund stands out.

Ultimately, the decision should depend on your investment horizon, risk tolerance, and financial goals.

Explore our options in mutual fund and find one that aligns with your financial goals.