Step 1 Save up to ₹90,000 by September 10, 2020. Sooner you save, bigger will be the fund.
Step 2 Savings will be invested in low-risk liquid funds. Earn up to 6% p.a. returns – better than a bank account.
Step 3 Redeem between 1st October and 30th November and avail the option to get Amazon Pay Gift Card via UPI.
Step 4 Get 3% extra value of Amazon Pay Gift Cards.
This 90k investment will be done in liquid funds so if u have extra money parked in a savings account then you can earn better returns + Amazon GV. You can see amazon save & shop option in kuvera along with smartsave option.
After much discussion with @baba008 this is not good offer who don’t want to buy anything from amazon.
For others see below explanation by @neo13 :
It is good offer for those who are looking to buy something or for those looking to get some extra by using Amazon gift card.
Let me explain
You invest upto 90,000 till Sept 30. Returns will around 5% only, don’t expect more in this falling interest rates period.
Between Oct 1 and Nov 30, if you redeem amount you’ll apprently get a link to buy amazon gift card for only the amount you redeem. If you don’t buy then no issues. I think you can buy gift cards upto a maximum of 90k
Let us a you invested 90k. Then you redeemed 50k. You’ll get a link and by using that link you can multiple gift cards( upto a max of 50k ) via UPI and you’ll get 3% extra.
They are investing this amount in liquid funds and you can redeem 90% of the amount within 30 minutes
Detailed Terms: https://kuvera.in/save-shop...ms
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Please tell in simple words. Its confusing
just need to save 90k till 10 september and in october we can redeem and get 3% amazon gv free + wahtever extra return we get in liquid funds.
There is an option of shop and save in kuvera where you can put your extra money in liquid funds. instead of keeping money in savings account put this extra in liquid fund where you can get free amazon GV and extra return too.
Pls explain with some example… Like suppose I invest 10000 in kuvera then what will we get after 2 month…?
In easy wording..
mobikwik gullak
no , there seems some trap..
I guess the whole 90000 can be withdrawn as gift card only.. in order to get additional 3%..
TRAP. TRAP .. wait for proper terms. till that avoid
nah. I dont think.
"
What happens if I do not redeem or partially redeem the fund during the offer period?
This response is applicable only for Amazon Save & Shop offer.
The amount that you redeem during the offer period will be eligible for the additional benefit of 3% top up into Amazon Pay gift card. The rest of the amount will stay invested in the liquid funds.
"as per terms and condition we need to save atleast 90000..saving here means buying liquid mutual funds. so if u can able to invest 90000 till 10 september which u can redeem from october month. on this 90k investment you will get 3% means 2700 Rs. amazon gift voucher + whatever the liquid funds return you will fetch within 2 months.
No buddy no..
“Gift Card Offer” means the option provided by Kuvera to the Investor to apply in full or part of the redemption amount from their Save & Shop account for the purchase of Amazon Pay Gift Card(s);
Out of my experience i can say 500% sure that this is just get gv at 3% discount after waiting. so u wil essentially withdraw as 92700 amazon gv and some fund appreciation if happens..
and we have so many modes to get amazon gv at 3% without waiting for months..
Trap of the year.. Well done Kuvera!
It’s not free. Misleading post.
You need to invest in liquid mutual fund and redeem it on October. Use that money to purchase Amazon gc via upi and get 3 percent extra value.
Example if you invested and redeemed 10 k then you can buy 10300 voucher with 10k.
yes right..its not free. i got it wrong from tnc..
Let me tell you one thing currently every liquid fund gives 3% per annum like any savings account don’t trap urself by seeing past returns check YTM and deduct expense ratio from it to get actual return
"
What is the additional benefit of Amazon Save & Shop and how can I avail it?
This response is applicable only for Amazon Save & Shop offer.
Once you redeem the fund during the offer period (Oct-Nov, 2020), you will be eligible to purchase Amazon Pay gift card through a link shared by us using UPI payment method and get an additional 3% top up on this amount during the offer period. For example, if you redeem INR 50,000 and you avail the offer to get Amazon Pay gift card using the full INR 50,000, you will receive Amazon Pay gift card worth INR 51,500 ( 50,000 + extra 3% of 50,000)."
90 is max. I think min is 2000. recheck
"
Save & Shop details
Saved in low risk funds
Past 3Y return
Nippon India Liquid Growth Direct Plan – 6.7%
PGIM India Insta Cash Growth Direct Plan -6.7%
ICICI Prudential Liquid Growth Direct Plan – 6.6%
Axis Liquid Growth Direct Plan – 6.7%
"
But mind you, these are past returns. the returns have reduced now. Also liquid funds are little risker than FDs. if some company defaults you will loose those money.
Also note you need to do tax filling for the profits from MFs.
even for small profits like 10 or 15 rs which we get after redeeming next day after we get allotment?
It is good offer for those who are looking to buy something or for those looking to get some extra by using Amazon gift card.
Let me explain
- You invest upto 90,000 till Sept 30. Returns will around 5% only, don’t expect more in this falling interest rates period.
- Between Oct 1 and Nov 30, if you redeem amount you’ll apprently get a link to buy amazon gift card for only the amount you redeem. If you don’t buy then no issues. I think you can buy gift cards upto a maximum of 90k
- Let us a you invested 90k. Then you redeemed 50k. You’ll get a link and by using that link you can multiple gift cards( upto a max of 50k ) via UPI and you’ll get 3% extra.
They are investing this amount in liquid funds and you can redeem 90% of the amount within 30 minutes. One can directly invest in liquid funds, they are trying to push this product as an alternative for savings account. For example I directly put my money in liquid fund, don’t use thier save smart feature. But now they are trying to get users with no knowledge of mutual funds.
For Kuvera referral or any doubts PM me.
Pm me for kuvera referral and help
pm me if any one needs kuvera ,groww referall will help u with any query
Is there any waysto get amazon gift cards at offer prices
bakwas offer hai. 5% par amzon gift card hamesha mil jata hai.
Golmaal hai bhai sab Golmaal hai song of Phir hera pheri ringing in the background
When will niki start offers again for bill payments
So in crux, whatever the amount u have invested can be redeemed to bank account directly, and for the invested amount equal amazon GV u can buy with aditional 3%. let’s say you are investing 50000. this entire 50k can be redeemed to the bank. Now after redemption, u can buy up to 50k amazon voucher (=amount invested) from their provided link with an additional 3% benefit. so u can get 51500 value GV. Your money will be safe and redeemed to bank. This offer is good for the persons who want to buy amazon GV with additonal benefit.
Basically one can invest upto 90k in 1st week of September. Stay invested for 1 month. Then redeem their investments in 1st week of October and get AGCs at 3% off.
This person will loose all the benefits which credit card has to offer. If he really wants to buy anything from amazon then better wait for sale where more than 3% discount is anyways offered on various cards.
Still PM me to get Kuvera referral. If someone got money they can invest 90k in 1 shot using Amazon pay UPI & hopefully get Rs. 500 cashback in AmazonPay wallet.
💴
liquid fund is giving around 4.5% approx rate currently. so decide accordingly. dont go in grred of amazon GV as it is only 3%.
4.5% in One Month??
Still not able to understand the redemption part, whether we can redeem 90k investment directly to bank and get 3% Amazon Gvs, or We have to buy Amazon Gvs of Invested amount??
Please Clarify
Redemption will go to your bank and then you will get a link to buy AGCs worth up-to 90K (depends upon the amount you have invested) and you will get 3% extra AGCs but payment would need to be done via UPI only for this.
So, you will unnecessarily park up-to 90K for atleast 1 month via Kuvera app and then buy AGCs of the same amount using UPI.
You can easily buy AGCs at 3% off on MobiKwik using SuperCash or 2-3% from other dimers on this forum as well.
Is there an option to pay via Amazon pay balance on this app or on grow or any other MF app?
Now how to get the amazon pay gift card. There is no option in the save and shop in Kuvera. It shows only one thing thats “withdraw” which will send the money to bank.
How the hell can i get the gift card.
What are the referral benefits in Kuvera as of now??
means we need to save 90000 which we can be redeem in october and get 3% amazon gv free and whatever extra return in liquid funds right? any risk of this investment?