Finmolite

Wealth Vrudhi Financial Services in association with Motilal Oswal, introduces a new Advisory product, “FinMoLITE”.

Why FinMoLITE?

The 3-5 Years FD from SBI Bank, has fallen from 9.25% in 2012, to 5.90% now in 2020. Looking at this trend, it might be just 3.5% in the next 5 years.

Many people are investing in Urban & Rural Co-operative Banks for slightly higher interest rate, but are fearing with recent fallout like PMC BANK.

There are many such fall out happened in different cities, added to this is the fear caused by YES Bank scenario off-late.

FinMoLITE focusses on catering to this need of investors, who expect safety but a slightly higher rate of returns, as the strategy is to maximise the upside movement in Exchange Traded Funds of Nifty, Nifty Bank, Gold and select stocks.

FinMoLITE is available in two variants, FinMoLITE Lumpsum and FinMoLITE Monthly.

Features of FinMoLITE Lumpsum:

Minimum Investment : Rs.5 Lakhs or Multiples of 5 Lakhs
Tenure: 3 Years from the date of Purchase
Objective: To Generate the returns above the “average 3 years Scheduled Bank FD”, with low risk, with periodic “buy low sell high “strategy to safeguard the capital.

Advisory Fee: A one time upfront Fee of 2% of Investment is payable while subscribing to FinMoLITE
Withdrawal Option: You can withdraw partial or full amount subject to a minimum of Rs.5000 and multiple of 5K subject to Exit charges.

Exit Load: 3% of Redemption in 1st Year, 2% of Redemption in 2nd Year and 1% of Redemption in 3rd year

Process: You need to have a demat account with Motilal Oswal and Subscribe to Advisory Product “FinMoLITE” and you can see the daily values on FinMo App on iOs & Android.

Features of FinMoLITE Monthly: Stock SIP

Minimum Investment : Rs.5000/month for 60 months

Tenure: 5 Years or 60 months from the start month of Purchase

Objective: To Generate the returns above “average 5 years Scheduled Bank FD”, with low risk, with periodic “buy low & hold “strategy in select stocks, to safeguard the capital with an option to exit and hold cash in unfavorable market conditions.

Advisory Fee: A One Time upfront Fee of 1% of Investment is payable on every monthly investment
Withdrawal Option: You can withdraw partial or full amount minimum of Rs.5000 and multiple of 5K subject to Exit Load

Exit Load:
3% of Redemption in 1st Year, 2% of Redemption in 2nd Year and 1% of Redemption in 3rd year

Process 1: You need to have a demat account with Motilal Oswal and Subscribe to Advisory Product “FinMoLITE” and you can see the daily values on FinMo App on iOs & Android.

Process 2: You need to set up an online standing instructions to transfer the monthly investment to your Motilal OSwal Demat account ledger.

FinMoLITE is Safer than a bank FD HOW?

FinMo LITE is safer than Bank FD, because your investment is in the best performing businesses that to a for a shorter period. In a Bank FD, The banks gives loan out of your deposits, if there is huge loan default, banks may go bankrupt. Stock will never go Stockrupt.

FinMoLITE is Maintains Transparency HOW?FinMoLITE offer Higher returns HOW?

FinMo Lite objective is to generate returns higher than Bank FD.
A 3 year Bank FD on 5 Lakhs at 6% interest, gives 90K. Your 5 Lakhs become 5,90,000/- in 3 Years.
In FinMoLITE, in the same period, 10 to 12% can give 1.5 to 2Lakhs, your 5 Lakhs can become 6.5 to 7 Lakhs.

FinMoLITE has Lesser Taxation HOW?

In a Bank FD the tax you pay on interest is on your income tax slab, upto 30%.
In FinMo Lite, The maximum applicable Tax, That is Short Term Capital Gains is 15%.
Even if you get the same returns as FD, you will still save 50% of Tax when you invest in FinMoLITE

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