Know the Best Five Solutions Offered By Kotak Mutual Fund

Investments in mutual funds are predominantly gaining remarkable position in the market. Due to the several benefits offered by them, they have become one of the preferable choices for the investors. With a large number of fund houses in India, the mutual fund industry has provided various options to the investors to park their money with the best-performing one. They have the choice of selecting the suitable strategy as per their requirement so as to assure their financial growth.

Kotak Mutual Fund is among the top-performing AMCs(Asset Management Companies), which is yielding several benefits to the investors in order to flourish their financial life. It has been offering various solutions to its clients, which have helped them in accomplishing their investment needs and attaining the growth. So, let us take a review of the various solutions or services offered by Kotak Mutual Funds that can help us in achieving the set financial goals.

Types of Schemes: As far as the investments are concerned, many of us believe not to invest in the rigid structure so as to use the funds with profits at the time of need. Keeping the same point in mind, Kotak MF has classified the schemes for investment in two basic divisions. Where one is known to be close-ended, and the other is the open-ended one. The classification is based on the maturity or tenure of investment. In the case of close-ended schemes, the investment horizon is fixed before which one cannot redeem the funds, hence they are not flexible enough. While the open-ended schemes do not have any lock-in period, ergo they offer the convenience of redeeming the funds as and when required.

Multiple Products: In order to satisfy the divergent needs of a large number of investors, Kotak MF has designed different schemes under three broad categories. The asset classification has been made on the basis of the nature of investing. The three classes of asset include equity fund, debt fund and balanced fund. Where equity funds make investment majorly in the equity and equity-related securities, debt schemes put the funds in the debt and money market instruments. The balanced funds have the schemes which invest the money in both equity and debt in order to attain the benefits of both the worlds.

Tax-Saving Tools: Tax management is the most crucial matter of concern for everyone around. In order to facilitate the same, there are various products offered by Kotak Mahindra Mutual Fund which provide tax exemptions under section 80C of Income Tax Act. As per the provision of the Act, ELSS funds under mutual fund category enjoy tax benefits on the amount being invested and the returns or capital gained by the investor. The whole amount is fully exempt from tax. Kotak MF also offers such strategies that fall under the ELSS funds, in order to save money on taxes.

Modes of Investing: In mutual funds, one has the option of choosing any mode to make payments. Whether it be the lump sum payment, which is made all at once or the SIP(Systematic Investment Plan), in which one can invest a certain amount of money periodically in the form of instalments. Kotak MF also offers such schemes wherein one gets the choice of opting for SIPs for making easy investments.

Wealth Creation with Regular Income: With the aim of fulfilling the financial needs of investors and provide them with a flourishing future, Kotak MF has designed the strategies as per their requirements, which are committed to delivering accumulated wealth in the future along with regular returns. This helps the investors in attaining financial stability as well and creating a fortune for themselves.

With all the above-mentioned solutions, we have much more to fetch from Kotak Mutual Funds. We can earn high-yielding returns and achieve our financial goals by getting associated with this fund house. So, instead of searching for different alternatives; we must take a smart step now to attain financial growth in the future.

Among the various fund houses, Kotak Mutual Funds have maintained a stable position in the mutual fund industry. Read this article to know what are the different solutions offered by this fund house in order to provide growth to investors.

Dishika is well-versed with the ups and downs of the financial market and has published articles on mutual fund and SIP. She is associated with MySIPonline.com, which is an AMFI registered mutual fund company.