Best Child Education Plan Available in 2019

Child education plan

The ultimate goal of every parent is to provide his or her child the best opportunity to grow in career. It is of utmost importance that proper planning is done to secure the future of your child. The investment plan for child helps and by the time your child is ready to go to college, you will have a sufficient amount of funds. This will get rid of your worry about the high cost of education.

Effect of General Elections on the Stock Market

We are unaware of the situations that will affect the stock market in 2019 as sentiments of the people are unpredictable. Share markets may or may not remain volatile but as an intelligent investor, make a judgment of the market before investing in mutual funds. It is advisable to invest before the general elections 2019. The above mentioned mutual funds by Kotak are a good option to invest in 2019.

Importance of Child Education Plans

Child plans serve two purposes like they provide insurance, as well as investment which secure the future of your child. Hence, the child education plan does the work of a shield which protects a child from all unfortunate circumstances in the coming future. The best child plans ensure that by the time your child attains 21 years of age, the desired funds are available for his or her studies. There are a number of companies in the market selling child plans and for that reason, it is a very difficult choice for a layman to decide a best child plan for the education of a child. It can however be taken care of by deciding what type of a plan you need, what are the benefits provided by the plan, what is the term for paying premiums, the tenure of  the plan, and premium rates.

Best child education plan to suit your child’s needs

Do not struggle hard to find the best child plan for your child. Kotak has a very systematic plan designed for the benefit of the children and this plan is called Kotak Head start Child Assure Plan. This child education plan is the best option to invest in 2019. This plan provides 7 funds to suit the risk-taking ability of all investors. The mutual funds offered by this plan are the classic opportunities fund, frontline equity fund, balanced fund, and dynamic bond fund. It offers the flexibility of withdrawing money after the completion of 5 policy years through partial withdrawals. It also offers the facility of switching between investment funds. The full amount of fund value is paid on the maturity of the policy. The tax benefits can be taken care of under section 80 C and section 10 (10 D) of the Income Tax Act of 1961.

Some Mutual Funds operated by Kotak Mahindra

Kotak Mahindra caters to the needs of investors from different backgrounds. They give stress to wealth growth in the long run and also to mutual fund schemes with low risk, along with generating more income. Some of the top Kotak Mahindra mutual funds are:

1. Kotak Mahindra Equity Funds, which are schemes that have selected around 60 companies with high performance in the domestic, as well as global market.

2. Kotak Mahindra Tax-Saving Equity Funds: They are known by the name Kotak Tax Saver and are the best option for investment in tax-saving mutual funds.

3. Kotak Mahindra Debt Funds - They provide good returns to investors.

4. Kotak Mahindra Hybrid Fund – Being hybrid in nature, it offers the best traits of equity and debt schemes.

5. Kotak Mahindra Liquid Funds, which are one of the ideal products of Kotak fund scheme.

6. Kotak Mahindra Fund of Funds – They consist of various mutual fund schemes like Kotak Asset, Allocator Fund, Kotak Gold Fund, Kotak World Gold Fund, and Kotak Global Emerging Market.

7. Kotak Mahindra Exchange Traded Funds: They give good returns to investors.

Some of the leading Kotak mutual funds to invest in 2019 are Kotak Standard Multicap Fund-G, Kotak Corporate Bond Fund Standard Plan, Kotak Credit Risk Fund and Kotak Dynamic Bond Fund.

Some Best Performed Mutual Funds in 2018 of Kotak Mutual Funds

Although Kotak provides a lot of choices for investments in mutual funds there are some very popular and reliable fund choices that you can consider for investments and they are:

Kotak NV 20 ETF- Dividend

Kotak US Equity Fund-Direct - Growth

Kotak US Equity Fund - Standard Plan

Kotak Sensex Exchange - Traded Fund

Kotak India EQ Contra Fund Direct- Growth

Investing in Mutual Funds via SIP

Money which is left in fixed deposits accounts does not yield much profit as compared to investments done in mutual funds through SIP. These funds can be used for a child education plan. You should know about a company in which you can make the best SIP investment and check the profile of the company picked by the fund house to understand its performance in the past few years. This can be done by reading details given in the scheme documents. Moreover, you should also have an understanding of taxation on SIP, which depends on the type of mutual fund in which you want to invest and when you redeem the investment. For instance, the returns which you get from equity mutual funds have no tax on them if you redeem it after 1 year but if it is redeemed before 1 year, then you have to pay a tax of 15% on all your gains.

If you are to invest in tax saving mutual funds, SIPs are always advisable. If SIP is used to invest in ELSS mutual funds, then you are entitled to claim tax deductions up to Rs. 1.5 lakh under the section 80 C of Income Tax Act.

Benefits of Investing in Kotak MF Child Plans

Kotak Mutual Funds offers a lot of feasibility when compared to other mutual funds. Kotak has well-experienced managers who provide suggestions on different schemes and information about the best child education plan and the ease of its operation. Moreover, they offer a range of investments products. The online portal offers the convenience of choosing from different mutual fund investment options from the comfort of your home.

Systematic Investment Plans (SIP) for Every Individual

There are various investment opportunities and strategies today to help an individual achieve his or her goal of attaining financial security in future. Alan Gotthardt has said aptly “Investing money is the process of committing resources in a strategic way to accomplish specific objective”. The ultimate objective to accomplish one’s financial commitments is utilizing the finance in some good regular investments, especially in mutual fund schemes like SIP.

What do you mean by SIP?

Systematic Investments Plans are called SIP. Mutual fund companies make use of this special tool to promote continuous and systematic investments without affecting the monthly budget of a person. If you are thinking of generating maximum benefits in the long run, then it is always a most feasible and reliable choice to invest in the best SIP Plans, which guarantee flexibility as compared to other investments. The SIP has a more flexible nature than other fixed deposit plans, which are rigid in nature and you as an investor are bound to take your deposits back only after the maturity period. 

Ways to generate a SIP

It is a very simple and convenient process in which firstly you have to make a decision about the amount of investment. You can initiate SIP even with a small amount of money like Rs. 500 per month and depending on your budget and goals you can even go for higher amounts. Secondly, select the frequency of your investments and after that, set a date for the achievement of your goals. Finally, you need to select the mutual funds for which you want to execute the SIP plans using your prudence. For starting a SIP, you are required to have knowledge about the different categories of mutual funds which flood the market today.

SIP Plan

Get to know some top mutual funds from Kotak

When it comes to investing in mutual funds, there are innumerable of them making it difficult to choose. Taking into account the schemes, especially the equity, debt, as well as hybrid schemes that help meet your financial goals you can make your choices. Nevertheless, you can find some exciting mutual fund plans offered by Kotak and they are:

1. Kotak Standard Multicap Fund

2. Kotak Emerging Equity

3. Kotak Infrastructure and Economic Reform Fund

4. Kotak Tax Saver

Some benefits you can gain through various SIP plans

You have many dreams in your life and you work with a lot of energy and perseverance to attain them. Is it enough to attain your goals? Any successful person believes that it is not if you do not do it on time and investments are not planned and organized. Investment in SIP plans provides maximum assurance and satisfaction to your financial needs. In order to yield maximum benefit through the SIP, you have to undergo the task of listing down of all your goals like buying a home, expenditure in your child’s education and securing your retirement. These goals are to be segregated into short-term, medium-term and long-term goals. For example, if you are planning to buy a car or a piece of jewellery in the next one year, it comes in the category of short-term goal, while providing education to your children in the next 3-5 years is a medium-term goal and buying a luxurious flat in the next 10-20 years is long-term goal.

What is the right time for investing?

Investment is a very broad term which involves innumerable investments; nevertheless, your investment should be revolving around such schemes that are much more profit-oriented and reliable. Delay in doing investments decreases the chances of getting the optimum benefits, which you can get through the various SIP plans at the right time. Using one’s farsightedness and awareness about the current trends of mutual funds plans in the market is very fruitful. There are great chances of lessening your financial responsibilities by utilizing the benefits obtained through these plans, investing systematically and calculating your returns using a SIP calculator. Therefore, it is always better to be first in the race to decide about the SIP Plans and maximize your chances of good returns.

Strengthening your future with the help of Systematic Investment Plans

These Systematic Investment Plans are much more disciplined and orderly in terms of their operation and at the time of providing returns to the investor. Small saving done with the help of SIP multiplies fast and yields a substantial amount to the investor. The SIP plans have a flexible nature and they are available for all types of mutual funds. You can start with more than one SIP and while applying for the redemption, you have to pay a minimum amount of exit load. The amount invested in mutual funds using the SIP plans is given to you.

Planning for your child’s future

We as parents are always focused on the well-being of our children and we do our best for their educational progress and here comes the proper planning issue. These SIP Plans also help using a SIP calculator, which calculates returns you get by putting money in mutual funds for your child’s education to secure his or her future. This SIP calculator guides you by letting you know how much amount you need to spend now in the SIP plans for the bright future of your child. Planning cautiously for the child during various stages provides a stable and secure future for your child.

These systematic investment plans are like a piggy bank in which a little amount of saving leads to the generation of maximum results and sense of security and satisfaction for the investors, as it is well known that ‘Rome was not built in a day’. So what are you waiting for? You can visit the nearest branch of your bank and also search online for the details regarding the systematic investment plans.

You can invest in mutual funds that generate optimum results with the help of SIP, which provide financial security and a sense of accomplishment. While starting any kind of investment, it is always advisable to go through the documents properly and be aware of different rules and regulations concerning the related investment.