They are designed to provide individuals with more choices and control over how their pension funds are invested, with the aim of achieving better returns and potentially growing the pension pot more effectively. With a SIPP, individuals can invest in a diverse range of assets, including stocks,...
Equity Mutual Funds are held for over a year. Long-term capital gains (LTCG) tax is levied on them that are currently charged at 10% on gains exceeding ₹1 lakh per financial year. For investments held for one year or less, short-term capital gains (STCG) tax applies at a rate ...
International funds are mutual funds or ETFs that invest in companies outside the investor's country of origin. Within emerging markets, investors will find funds that represent leading sub-segments such as the BRICS nations. Investing in international funds comes with the risk of currency volatility...
With a Flexi-Deposit, you are required to deposit funds manually into the account. This is not the case with sweep-in FD Accounts as the excess amount is transferred automatically from Savings or Current Accounts. You only have to set a one-time instruction. Final Note Now that you know ...
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There are a couple of options for your beneficiary to : Flexi-access drawdown This option allows your beneficiaries to take inheritance from a pension as an income. As much or as little income as they want can be withdrawn while funds remain within the pension wrapper. Access is indefinite an...
Flexi-access drawdown allows you to withdraw as much income as you wish. Unlike capped drawdown, there are no limits set. Those people in flexi-access drawdown can take as much or as little as they want from their pension pot when they want it. This means that you can construct your ret...
Flexi-cap funds have the liberty to invest across any of the 3 categories – small-cap, mid-cap and large-cap without any limits, as long as at least 65% of the fund consists of equity and equity-related instruments. Flexi, indeed!
Fund of funds is a Mutual Fund which utilises its pool of resources to invest in various other kinds of mutual funds available in the market. Read more about it at Kotak Securities.
3. How does Flexi Pay impact employee benefits? Flexi Pay allows employees to allocate funds towards different benefit categories such as healthcare, retirement plans, or insurance. The impact on benefits may vary based on the organization’s policies and the choices made by employees. ...