Organisation :Kotak
Facility : SIP Booster Facility
SIP Booster Facility: http://assetmanagement.kotak.com/web/guest/sip
Home Page : https://www.kotakmf.com/
SIP Booster Facility
Our Systematic Investment Plan (SIP) provides you the facility to periodically invest a fixed sum over any defined period of time (6 months or more).
Related : Kotak Mahindra Bank Net Banking : www.statusin.in/18723.html
SIPs help in arresting uncertainties associated with trying to time the market and thus, in the long term tends to iron out market fluctuations.
It also brings in the much needed investment discipline as you allocate a defined sum to your investments for a defined frequency, thus making investments a mandatory component while you allocate your resources.
SIP advantages :
** SIPs help in arresting uncertainties associated with trying to time the market and thus, in the long term tends to iron out market fluctuations.
** It brings down your average cost of acquisition of units. As you would allocate a fixed sum every month, you would buy more units when the prices of our units are lower than when they are higher. We call this Rupee Cost Averaging.
** Through this arrangement, your funds otherwise lying idle (and if you know it, on account of inflation, depleting in real value) in your bank account get channelised into future wealth creating investments.
SIP features :
Minimum amount
` 1000.00 (Rs. 500 incase of Kotak Select Focus Fund and Kotak Equity Arbitrage Fund; Rs. 500 & in multiples of Rs. 500 in case of Kotak Tax Saver)
Minimum Installments : 6
SIP Frequency : Monthly or Quarterly
Choice of Dates : 1, 7, 10, 14, 15, 21, 25, 28
Scheme Available : Open-Ended schemes except regular, institutional & Institutional Premium Plans under Kotak liquid scheme & Kotak floater short term scheme & Institutionl plan under Kotak Flexi Debit scheme.
Entry & Exit Loads :
Entry Load : NIL
Exit Load : For redemption within 1 year from date of allotment of units, irrespective of the amount of investment – 1%
SWP :
Our Systematic Withdrawal Plan (SWP) is designed keeping in mind these requirements of yours. Through our SWP you can redeem defined sums at a pre-defined frequency by giving a one-time instruction to us.
You may choose to regularly withdraw either a fixed sum or just the appreciation on your investments.
This facility caters to two segments of investor needs :
1) Investors wanting defined, regular funds inflow from their investments.
2) Investors interested in booking gains at a regular interval.
About Us :
Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd., the Group’s flagship company, received banking license from the Reserve Bank of India, becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd. Effective April 1, 2015, ING Vysya Bank Ltd. merged with Kotak Mahindra Bank Ltd.
As on September 30, 2016, Kotak Mahindra Bank Ltd. has a national footprint of 1,348 branches and 2,051 ATMs spread across 675 locations.