What are the benefits of investing in Principal Protection and Growth plan?
Benefits of investing in Principal Protection and Growth plan:
- Principal amount is safe
- As your money will be invested in the top Liquid funds, your principal amount (invested amount) will be safe.
- Better than FDs
- The growth from Liquid funds are reinvested into index funds, every month, over the tenure, giving you up to 20% more returns than FDs.
- Better Taxation
- Instead of 30% tax on FD returns, get indexation benefit on Liquid fund returns. and tax on Index fund returns may be applicable.Index funds are Equity funds and LTCG of 10% will be applicable instead of 30% on FDs. See the example at the bottom of the sheet for a sample calculation.
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- Flexible investment plan
- You can stop and/or withdraw at any time.