| OIFC is partnering with several strategic service providers, who are coming forward on this platform to share, at reasonable prices, their comprehensive range of advisory and investment offerings in form of products and services. These offerings are specifically customised to suit you overseas Indian investors’ personalised needs. Register to get an in-depth take on their expansive portfolio. |
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| Currently, a profile and benefits as offered by our strategic partner Kotak Mahindra are listed below: |
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| About Kotak Mahindra Group |
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| Kotak Mahindra Group is one of India's leading financial conglomerates, offering complete financial solutions which include Commercial Banking, Stock Broking, Mutual Funds, Life Insurance & Investment Banking. The group caters to the financial needs of individuals as well as corporate and has a strong distribution network of branches, franchisees, representative offices & satellite offices in India & offices in USA, UK, London, Dubai, Mauritius and Singapore. |
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| Information as on 30th Sep. 2009: |
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Net Worth - over INR 71000 Mn |
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Employees- more than 18000 people in its various businesses |
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Customer Accounts – around 6.5 million |
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| Wealth Management |
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| Kotak Wealth Management brings you a complete, customised financial plan that advises you on your asset allocation and what schemes to invest in, factoring in all your financial objectives. |
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| The products offered are broadly divided into Traditional and Specialised categories: |
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| A) Traditional Investments comprise mainly of Direct Equity, Mutual Funds, Insurance |
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| B) Specialised Investments include diverse investment opportunities namely: |
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Structured Products- a pre-packaged investment strategy based on derivatives, such as a single security, a basket of securities, options, indices, debt issuances and foreign currencies. |
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Private Equity- equity securities of unlisted companies. |
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Real Estate - Real estate funds founded by a group of real estate professionals/experts to 'manage' property/real estate for the investor. |
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Estate Planning- a process involving the counsel of professional advisors who are familiar with your goals and concerns, your assets and how they are owned, and your family structure. |
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| International Subsidiaries |
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| The international subsidiaries of Kotak Mahindra Bank Limited, through their offices in London, New York, Dubai, Mauritius, San Francisco and Singapore specialise in managing a wide range of India investment funds through which overseas investors like you can invest in India. Click here to know more. |
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| NRI Banking |
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| Kotak Mahindra Bank offers Banking and Investment Solutions for a jet setting Non Resident Indian like you. Click here to know more |
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| Briefly, the product range includes NRE Accounts- available in the form of Savings and Term Deposits which are completely repatriable and tax-free, NRO accounts- available in the form of Savings and Term Deposits to manage your income in India, Foreign Currency Non Resident Accounts (FCNR)- available in the form of Term deposits denominated in USD/GBP/EUR/ JPY which are completely repatriable and tax-free. |
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| There are also special products like Max Yield Deposits where you can earn a higher return on your NRO deposits through the DTAA benefit, Ace Deposit- a unique product that invests interest earned on your deposit into Equity Mutual Funds and hence creates an avenue for earning market linked returns, while safeguarding the principal amount of the Fixed Deposit, Overdraft Facility against Term Deposits, and Privy League which is an exclusive offering for select clientele who expect more out of their banking experience. |
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| Investments through Kotak Mahindra Bank |
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| Portfolio Investment Services |
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| Profit from investment in equity shares in India under the Portfolio Investment Scheme (PINS). You have the option of investing online* too! |
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| Mutual Fund Services |
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| View your portfolio, receive alerts and more through your Investment account at your convenience. Choose between opening an online investment account with us on a repatriable or on a non repatriable basis*. |
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| Home Finance |
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| Buy your space in India with any of Kotak's flexible options to finance your dream home. Get a host of attractive features customized to NRI needs with an easy to avail home loan. |
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| * the online facility is not available in certain countries. Contact us for this information. |
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| Securities – Direct Equity Investments |
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| Kotak Securities offers you specialised products depending on your requirements and also provides conventional brokerage & advisory services. Click here to know more |
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| Investment products offered include |
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TRINITY- seamless investment facility into shares and mutual funds |
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Portfolio Management Schemes |
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Discretionary - Investing in equities requires time, knowledge and constant monitoring of the market. If you need expert help, this scheme is an excellent solution |
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Non-Discretionary- A consultative and transparent method of investing where you are always consulted and informed of investment decisions, thus giving you total control |
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Corporate fixed deposits & government bonds |
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| Life Insurance |
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| At Kotak Life Insurance, we understand your attachment to your homeland and need to save for you family’s future. We offer you a suite of products that would suit your requirements. Click here to know more. |
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| Basic information: |
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Investment Modes- Invest seamlessly from your NRE or NRO bank accounts. |
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Foreign currency policy- you have the option of foreign currency policy, i.e. your Sum Assured is represented in equivalent foreign currency. |
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Claim Settlement – Your claims are paid in the same proportion of the currency in which you make premia payment |
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Tax Benefits- Under the Income Tax Act, 1961: |
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Tax deductions are available against the income earned in India and taxable in India.. |
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The claims and the premiums paid are tax free |
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