KBL Samriddhi - Product Bouquet for elite customers

With a view to provide a wholesome banking experience and fulfilling financial planning needs of the customers Karnataka Bank presents ‘’KBL SAMRIDDHI’’ a bouquet of select niche products to our HNI customers in collaboration with IIFL Securities Limited. The offerings are ideal for investors who are looking to invest in varied asset classes and structured products.

• Portfolio Management: PMS offerings will be from select AMC’s in the industry and the securities would comprise of mutual funds, shares, stocks, bonds, and debentures, so on. Portfolio managers understand the clients financial needs and will suggest the unique investment policy as per the income, budget, age, ability to undertake risks etc.
• Alternative Investment Fund or AIF: - AIF provides differentiated investment opportunities through various unique offerings across diverse asset classes. AIF pool money from sophisticated private investors .Funds collected are invested according to the investment policy and objective of the AIF.
• Fixed income securities / Capital Gains Bonds-
  Fixed Income Securities are financial instruments that guarantee a ‘fixed income’. They carry a fixed rate of return and maturity period. Fixed income securities are issued by both, government and private companies. (to be added shortly)

Capital Gain Tax Exemption Bonds u/s 54 EC- The gains that arise on the sale of land or building (residential or commercial) are known as Long Term Capital Gains and Capital Gains Tax is levied on such gains. However, such tax can be saved if this amount is invested in capital gain bonds specified under section 54 EC.

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KBL Samriddhi (Product Bouquet for elite customers) is provided under referral tie up and non- risk participation basis. Bank is not acting as your adviser or in any fiduciary capacity in respect of any proposed transaction or in respect of any of the products and nothing thereon will constitute any offer or solicitation to subscribe or redeem. Bank will not be responsible for any deficiency in the services provided by these third-party Service Providers. Accordingly, the Bank does not accept any liability whatsoever with respect to the use of the referred product or services. We recommend that before making any investment decision, you should take steps to ensure that you have a full understanding of the terms, conditions and risk thereof and are capable of and willing to assume those risks in the light of your own objectives and circumstances. If you are in doubt as to any aspect of any decision in respect any of the products, please consult your own legal, regulatory, tax, business, investment, financial and accounting advisers.