Kotak mutual fund is one of the well known fund companies. There are different types of Kotak investment plans. Kotak SIP is one among the best. A kot of money is mandatory to invest in funds. Fund investment always gives good results and excellent returns. It is lot better to invest in funds than maintaining a savings account or recurring deposit. Still, mutual funds have a big disadvantage. Since market status does not remain positive always, there is lot of risk factor involved in funds. In order to increase the security of money, lot of preventive steps has to be undertaken. Diversification is one of the best ways.
Numerous middle class people and rural people are becoming fund holders due to Kotak systematic investment plan. In systematic investment plan, monthly installments can be paid. Huge investment money is divided into equal small amounts here. The important features of Kotak plans and schemes are listed below here.
- The minimum monthly investment to be paid is 1000 rupees. In case of Kotak Tax Saver, the minimum amount is 500 rupees.
- The total fund investment money can be paid in 6 installments. The money can be paid on monthly basis or quarterly basis.
- The first amount can be paid at any of the following date of every month. The dates are 1, 7, 14, 21 and 25. After the first payment, consecutive payment should be done on the same day.
- Online application form is available. Moreover, money can be paid through auto debit facility at specific locations.
- There are various equity, debt and hybrid schemes in Kotak.
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Divya Kannan
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