How to invest your bonus/appraisal money?
Smart Money June 28, 2023
Team LXME
Chanchal – Guess what, my hard work finally paid off! I got a bonus at work. But I’m really clueless what to do about it. Any ideas?
Ahana – Oh, that’s great news! Congratulations! Well, have you considered investing it?
Chanchal – Umm, yes. But the thing is that I want an instant withdrawal facility as well.
Ahana – Well, I just have the perfect plan for you!
Chanchal – Really? What is it?
Ahana – Yes, there’s this product called LXME Gulluck. It’s a first-of-its-kind Digital Piggy Bank for women. It targets higher returns than a savings bank account. And guess what? It has an Instant Redemption Facility as well. A perfect way to save smart!
Chanchal – Wow! Can you tell me more about it?
Ahana – Yes, why not!
Saving money is crucial, but knowing how to save smartly can be challenging.
Work bonuses and appraisal money not only acknowledge our accomplishments but also offer a chance to make smart financial decisions.
Generally, it is seen that women save their bonus money in a savings bank account or end up spending it.
As a woman, you are taking control of your financial future and hence, it’s essential for you to explore the most effective ways to utilize these extra funds.
Let’s understand the art of saving and discover how we can make the most out of it by investing in LXME Gulluck.
What is LXME Gulluck?
LXME GULLUCK is a first-of-its-kind Digital Piggy Bank for Women. A product that enables women to become the Smart Savers of tomorrow. Designed with the utmost focus on ease and accessibility, this product provides the perfect solution for women.
Features of LXME Gulluck:
- LXME Gulluck consists of a well-researched Liquid Mutual Fund
- Liquid mutual funds invest mainly in highly liquid debt securities of very short tenure and hence provide high liquidity.
- It’s a low-risk fund as it invests money in high-quality debt securities
- It is best suited for making Smart Savings
- Targeted Rate of Return: 5%*p.a.
- Curated by experts!
Benefits of LXME Gulluck:
- Same liquidity as a Savings Bank Account
- Quick investment, quick withdrawal
- 2 modes of investments: SIP & Lump sum
- Start investing with just Rs.100
- No minimum balance requirement
What is the withdrawal limit?
You can instantly withdraw up to ₹50,000 or 90% of the fund value, whichever is lower.
LXME Gulluck has revolutionized the concept of savings. Investing in LXME Gulluck can open a world of opportunities for smart savings.
Whether it is appraisal money, bonuses, or that extra money you saved on a new dress! We all know where we can save it and target to earn better returns with no restrictions on liquidity. Save smart with Gulluck and let it grow!!
Click here to start investing in LXME Gulluck
To start your investments with LXME. you can open your FREE LXME Account and also win discount vouchers up to Rs.10,000.
Save Smartly!
Savings Mein, Don’t be Silly!
*Mutual fund investments are subject to market risks, read all scheme-related documents carefully before investing.
Share this blog with your family and friends if you find it insightful!!
Download the LXME app for more such content!
New Investor? Request a Callback.
Fill in your details and we will guide you at every step
other blogs
Smart Money April 30, 2024
Fixed Deposit vs Recurring Deposit: Which is a Better Option?
You might be wondering, what is the difference between FD and Recurring deposit? And between FD or RD which is better? Is there any benefit of FD over RD and vice versa? Well, allow us to clear all your doubts with this blog. Keep reading! What is a Fixed Deposit? Fixed Deposits are fixed-term investment … Fixed Deposit vs Recurring Deposit: Which is a Better Option?
By Abhibyakti Singh
Smart Money April 25, 2024
New KYC Rules: Here’s what you should know if you are a Mutual Fund Investor
What is KYC? KYC stands for Know Your Customer which refers to the process of verifying and authenticating the identity and address of all customers and clients by banks, insurance companies, Mutual Fund companies, and other institutions they are availing financial services. What is the change from 1st April 2024? SEBI issued new guidelines on … New KYC Rules: Here’s what you should know if you are a Mutual Fund Investor
By Siddhi Sharma
Smart Money April 17, 2024
Bear and Bull Market: What’s the Difference?
In bear markets, prices are falling, investor confidence is low and the economy is declining. While, in bull markets, prices are rising, investor confidence is high and there is good economic growth. You must have heard the terms ‘bullish market’ and ‘bearish market’ on the news. But, what do bear and bull market mean? Is … Bear and Bull Market: What’s the Difference?
By Abhibyakti Singh