How Does Mobikwik’s Daily Gold Savings Plan Work?
In the landscape of digital finance, MobiKwik, a prominent fintech player, has launched an innovative initiative aimed at democratizing gold investment—the Daily Gold Savings Plan. This plan is tailored to make the process of saving in gold accessible and convenient for a broader range of investors. Here’s a detailed look at how this new savings scheme works and why it might be an attractive option for those looking to diversify their investment portfolios.
MobiKwik’s Daily Gold Savings Plan introduces a flexible and user-friendly approach to gold investment. Recognizing gold’s historical significance as a stable and secure asset, MobiKwik aims to harness this tradition through modern technology, thereby simplifying the entry for everyday investors.
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Contents
Key Features of the Daily Gold Savings Plan
1. Varied Investment Options: Investors can choose from daily, monthly, or one-time Systematic Investment Plans (SIPs). This flexibility allows users to contribute towards gold purchases in a manner that best suits their financial schedules and goals.
2. Encouragement of Regular Savings: The plan emphasizes ‘sachet saving,’ encouraging small, regular contributions. A standout feature is the reward system where MobiKwik covers the cost of one SIP every quarter for users who make daily SIPs exceeding ₹51. This incentive is designed to encourage consistent saving and to reduce the financial burden on regular savers.
3. Partnership with SAFEGold: To ensure the quality and security of the gold purchased, MobiKwik has partnered with SAFEGold, a reputed entity in the field. This partnership guarantees that the gold backing investors’ contributions is of high quality and securely managed.
4. Flexibility in Managing Investments: The plan offers unprecedented flexibility, allowing users to sell or gift their gold at any time. This is particularly advantageous for those who may need to liquidate their assets quickly or who wish to use their investments for gifting purposes.
5. Convenience of Doorstep Delivery: In an effort to bridge the gap between digital investments and physical gold, the plan provides an option for doorstep delivery of the gold, with no additional charges. This feature not only adds a layer of convenience but also enhances the tangible aspect of owning gold.
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Economic Benefits and Investment Stability
Gold has traditionally been viewed as a hedge against inflation and economic downturns, often moving inversely to other asset classes such as stocks and bonds. Bipin Preet Singh, Co-founder & CEO of MobiKwik, emphasized that the plan is designed to stand the test of time by enabling users to invest in gold, which has been regarded as one of the safest mediums of savings.
Conclusion
MobiKwik’s Daily Gold Savings Plan is set to transform the way investors perceive and engage with gold investments. By integrating flexible investment options, a reward system, and enhanced accessibility to physical gold, the plan positions itself as a viable tool for financial security and diversification. As economic landscapes continue to evolve, such innovative schemes will likely play a pivotal role in helping individuals secure their financial future. Whether for seasoned investors or first-time buyers, MobiKwik’s Daily Gold Savings Plan offers a structured, secure, and strategic approach to building wealth through gold.
