Senior Citizens FAQs
Nearly 30% of our customers are Senior Citizens. We have earned their trust with consistent delivery on returns they expected from our services. We are confident that we will be able to explain the value we can bring to you and earn your trust.
You are right, that FD are one of the good asset class to earn interest from Banks. But they invite high tax. Plus they are illiquid for the defined term of FD and charge you a penalty if broken before the term completes. While Debt Mutual Funds are taxed at lower income tax rate and you can withdraw them anytime without any penalty. And, they provide higher returns in most cases. Additionally, equity based mutual funds yield much higher returns than a FD.
Mutual Funds give very good returns in long term. God willing you will long enough to see and enjoy those returns. And there is your family which will benefit from it as well.
Interest on FD is added to your income and taxed at normal tax rates. Hence, you may have to pay tax at 30% and above if your income falls in highest income slab. While short term tax on MF is at 20% and long term (more than 1 year holding period) tax is at 12.5%.
Its unfortunate reality of market. Some bad elements spoil the reputation of the Mutual Fund industry. Asset Marker is into its 10th year of business and have earned trust of over 1000 customers with dedicated efforts on delivering returns on their money. Customer Trust is won by honest dealings, consistent returns and personalised engagements where your interests are the only thing that drives us. And, we ahve done it successfully.
Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
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