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.