-
-
-
Services
-
-
-
More
-
POSTED BY ON February 10, 2011 10:31 pm COMMENTS (5)
I was presented the Kotak Capital Multiplier plan which is an endowment plan investing in government bonds & money market instruments. They are claiming 9 – 10% returns plus bonus by the company. But I’m unable to calculate the returns from the illustration given by them. Kindly help in calculating returns. I checked the IRR and XIRR on your site but it did not seem to fit in those 2. Here is the illustration :
Invest 1 lac rs for 5 years only.
From 6th to 20th year you will get 72000 Rs per year
In the 21st year you will get 11 lac Rs.
So total return is 21 lac Rs for investing 5lac Rs.
But it seems too good to be true.
Kindly help.
2021 © Jagoinvestor.com All Right Reserved
Hello sir i buy a policy named-Kotak Capital Multiplier Plan for 5,35,000/-. 20 years i.e 20 Dec 2031 ,( 6 monthly premium paid system).
(a)My first premium was-20 Dec 2011 and now after 8 years (last permium paid on 20 jun 2019.
(b) Now my bonus on date 14 July 2019 is 1,91,000/-.
(c) Please calculate my expected maturity ammount.
Hello Suvasish, We won’t be able to help you with this query. Kindly contact Kotak Bank for this query.
Thank You
Anuradha
amol
whatever was told to u seems to be just an illustration only , there is no was bonds can give this much returns guaranteed .
Unless its writtwn clearly in brochure that its giving so muvh returns , dont beleive anyone .
Manish
Amol –
You kind of made me greedy for a moment 🙂
Like you said it is too good to be true…
There is nothing mentioned in the product brochure that tells about the guaranteed returns expect a small fine print (probably font size zero :))that says that the illustrations (the 6% and 10%) also include a 3% guaranteed return
The brochure says for an premium of 13200 p.a the returns are 538,000 (@6%) and 853,000 (@10%) for a period of 25 years
From Jagoinvestor calculators using the constant SIP calculator
for an investment of 1125 p/m (13200 p.a) for 25 years at 6% gives 783,516 and at 10% gives 15,05,127
Not appealing… at-least for me….
You can find the brochure here
http://insurance.kotak.com/individual/pdf/KotakCapitalMultiplierPlan.pdf
There is also a fine print that says
“^The actual growth rate assumed is 5.09% and 8.18% corresponding to gross investment returns of 6% and 10% respectively.”
Can someone explain this….
it appears to give 11.44% return. This is after all expenses, premium deduction which is very good. I suspect you have not shared some information here. here is link to spreadsheet calculation.
https://spreadsheets.google.com/ccc?key=0Ar-BKteYQShkdFFOOE5oYTdnMkNzMHRZZ2JtYU5ZYnc&hl=en_GB&authkey=CL2Dxv0E