Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Our representative will get in touch with you at the earliest.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Ref. No. KLI/22-23/E-BB/492
Financial planning should include investment planning, which involves using savings and making smart investments to increase returns. Prudently planning your investments gives you a feeling of direction and aids in choosing the best investment strategy.
Most earning individuals always look for an investment option that suits their budget and expectations. Long-term savings plans that also offer tax benefits are preferred as they aid in reducing tax liability. But it also depends on your risk appetite, which usually guides the investment decision. So, here is a list of savings and investment options available in India.
Public Provident Fund is a government investment scheme with a lock-in period of 15 years. The interest earned on the invested money gets compounded yearly, giving handsome returns after maturity. The maximum amount that you can invest per financial year is ₹1,50,000, with a minimum of ₹500. You can choose to invest in a lump sum or opt for a monthly method. Partial withdrawals are allowed after the completion of five years from the date of the first investment. By investing in PPF, you can claim income tax deductions under Section 80C, which has a maximum cap of ₹1,50,000 per financial year.
Real estate has always been the go-to investment option for many people. And even today, the rates are growing, making real estate a lucrative option. Most also find it a safer option when compared to investing in other financial instruments.
Senior Citizen Savings Scheme is one of the fruitful investment plans for senior citizens. You can only opt for it if you are above the age of 60 years which is the retirement period for most. But if you have taken a Voluntary Retirement Scheme (VRS), you can start investing in SCSS at the age of 55. The interest rates and returns of SCSS are lucrative and also give you tax benefits under Section 80C.
ULIP is an insurance plan with a part investment component. So, you are able to secure a life cover and also invest according to your risk appetite in Unit-Linked Insurance Plans. It has a lock-in period of five years and gives you the option to switch between investment funds for a fixed number of times. Income tax deductions under Section 80C can be claimed for the amountcontributed towards ULIPs.
NPS is a guaranteed investment plan for employees that do not have a pension system in place. Private organizations do not have a pension option, whereas in government organizations, you are eligible for one.
Hence, with the National Pension Scheme, you can set up something similar for your retirement period. The corpus stays locked until you retire, giving good returns in the future. You can also avail of tax benefits on the contributions made annually under Section 80C.
ULIP is an insurance plan with a part investment component. So, you can secure a life cover and also invest according to your risk appetite in Unit-Linked Insurance Plans. It has a lock-in period of five years and allows you to switch between investment funds a fixed number of times. Income tax deductions under Section 80C can be claimed for the amount contributed towards ULIPs.
Bank fixed deposits are low-risk investment options that are the most popular in India. The returns are fixed, giving you flexible investment tenures. Though the interest rates are lower when compared to the returns of other investments, many prefer it. The interest payable of the FD can be set to monthly, yearly, weekly, etc.
Stocks are where equity mutual funds primarily invest. But they don’t concentrate all of your resources on just one or a few stocks. These funds spread your assets among a variety of stocks. The fact that experienced fund managers manage these funds is more significant. So they only invest your money after conducting a sufficient investigation. It consequently raises your chances of generating profitable returns over time.
Getting professional assistance and diversifying your investments across several equities are two ways to lower the risk of avoiding wealth-destroyers. Equity mutual funds can be useful in this situation.
Stocks are where equity mutual funds primarily invest. But they don’t concentrate all of your resources on just one or a few stocks. These funds spread your assets among a variety of stocks. The fact that experienced fund managers manage these funds is more significant. So they only invest your money after conducting a sufficient investigation. It consequently raises your chances of generating profitable returns over time.
Gold has stood for wealth since the beginning of time. And as an investment strategy to combat inflation today, it still holds appeal.
In the past, there have only been physical gold purchases available. However, there are limitations, such as storage expenses and fees for designing or additive manufacturing. To overcome these limitations, you can buy gold via mutual funds and exchange-traded funds (ETFs). In the past, gold has typically failed to provide long-term investors with substantial returns on par with those of stocks.
The Indian government supports the post office savings product known as the National Savings Certificate, or NSC. Like a 5-year FD, it operates. Therefore, you will receive 6.8% annual income on your NSC savings when they mature in 5 years. But only the full amount is due at maturity.
NSC is thus one of the safer investment options if your objective is five years away. But compared to Debt Funds or Hybrid Funds, it has drawbacks, including a 5-year lock-in and modest returns.
There are dangers involved in investing your money in financial products that could increase your return. It is wise to properly research the potential dangers associated with the product you are investing in before making a purchase.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Ref. No. KLI/22-23/E-BB/521
