Think Money, Think Cherry by Kotak- One Stop For All Investments!
Headquartered in Mumbai, India, the Kotak Mahindra Bank is one of the leading banks and financial services groups. Kotak Bank offers a wide range of banking and financial services such as investment banking, personal banking, general insurance, life insurance, and wealth management. To enhance its banking and services and make users more independent and knowledgeable, Kotak has introduced a new financial product and platform called Cherry by Kotak.
In this blog, Fintra will highlight the following topics:
- What is Kotak Cherry?
- Who is eligible to access the Kotak Cherry platform?
- Is it mandatory to open a Kotak Bank account?
- Is Cherry by Kotak a secured platform?
What is Kotak Cherry?
Kodak Cherry is a one-stop platform for all investments- specially created to help an individual invest like a pro! On this platform that has grown out of the seed of simplicity, learning, and transparency from the Kotak Bank, one can invest safely and securely.
On Cherry's single dashboard, seamlessly do all of the following:
- Purchase zero-commission Mutual Funds - choose from the trending Mutual Funds such as Index funds, International Equity, ELSS and more
- From Bonds (Gold, other listed bonds) to Stocks to ETFs (Exchange Traded Funds: Gold, Index Funds, etc.), one can easily transact on Kotak Cherry's single app
- Choose what serves you best, Fixed or Recurring Deposit, to enable you to meet your financial goals
- Invest and get knowledge regarding the National Pension System for the long-term view. For the golden years of life, keep this nest egg ready
By using Cherry by Kotak, you will be giving your financial goals wings and begin working towards them by investing smartly. On the platform at your fingertips, one can get a glance at the top trending investment products. It's time to make your funds work for you!
If you are new to the field of investing, don't worry because you have arrived at the right place! Kotak Cherry has lots of rich content, easy calculators, and financial/investment tools to assist in getting the ideas and knowledge of investing. To ensure seamless and easy investing, the Cherry Kotak team constantly add some cool, innovative, new features and products to the platform, which will assist in this fruitful investment journey. Moreover, if you're already a master and have a good sense of investing, then go ahead and upload the other investments, know which mutual funds carry a commission here, and track them seamlessly on this Super-App.
The feather in the cap is that one can invest using its Savings Account of any other Bank on Cherry! Simple journeys, easy navigation, news and insights, all this is jargon-free — It's a complete Do-It-Yourself platform where you are the master!
Who is eligible to access the Kotak Cherry platform?
Usually, it will always be a green signal from Cherry, unless one is not a resident and tax resident of India or if it already has a trading account with Kotak Securities. The final verdict to open an account lies with Cherry.
Is it mandatory to open a Kotak Bank account?
Fortunately, it is not compulsory to open a Kotak Bank account as there are no such restrictions. One may purchase Mutual Funds, and/or Stocks directly or even book Fixed Deposits (except Recurring Deposits) with Kotak Bank using any of its non-Kotak Bank accounts.
Is Cherry by Kotak a secured platform?
Indeed, Kotak Cherry is safe that is powered by state-of-the-art software. There is also a 2-factor authentication system for ensuring the safety of the individual's account at all times.
Conclusion
It is a known fact that The Kotak Group has always been a pioneer when it comes to offering market-leading solutions in the investment and financial space. Hence, we do recommend visiting this innovative, unique platform and taking a bite of Cherry today! We assure you it will grow to be a fruitful partnership.
As the slogan goes: Think Money, Think Cherry.
