Hot Deal Kuvera - Free Amazon GV upto Rs.2700 on investment + Extra return

358°
  • 2317 Views
  • 57 Comments
  • Last comment
  • Reasons

    Vote down Reasons

    • Invalid/User Specific Coupon/Deal : 1
    • Product not good/not worth the price : 1
Missing
Deal Cadet
87
329
4
Kuvera - Free Amazon GV upto Rs.2700 on investment + Extra return
Deal Expired
4 simple steps to earn 3% extra for your shopping on Amazon.in step

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

PM if anyone needs a referral for kuvera

Expired about 2 months
56 Comments  |  
27 Dimers
Missing
Deal Newbie
50
20
0

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?

Missing
Deal Cadet
97
218
7

Please tell in simple words. Its confusing

Missing
Deal Cadet
87
329
4

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.

Missing
Deal Newbie
50
25
1
desisam wrote:

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..

Missing
Deal Cadet
53
167
1

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

Missing
Deal Cadet
53
167
1

Redeem between 1st October and 30th November, and avail the option to get Amazon Pay Gift Card via UPI.
Get 3% extra value of Amazon Pay Gift Cards.
@desisam
explain ?

Missing
Deal Cadet
87
329
4

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.

Missing
Deal Cadet
53
167
1
desisam wrote:

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!

Missing
Deal Subedar
13
1641
17

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.

https://cdn0.desidime.com/attachments/photos/627091/medium/IMG_20200725_170217.jpg?1595676775

Missing
Deal Cadet
69
106
2

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

Missing
Deal Subedar
13
1641
17
Expand
baba008 wrote:

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

and we have so many modes to get that easily.

Trap of the year.. Well done Kuvera!

You are right, spend 90k to get 92700 worth Amazon gc. 

Missing
Deal Cadet
54
156
5
baba008 wrote:

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.

"
Missing
Deal Cadet
87
329
4
JaiKrish1031 wrote:

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.

https://cdn0.desidime.com/attachments/photos/627091/medium/IMG_20200725_170217.jpg?1595676775

yes right..its not free. i got it wrong from tnc..

Missing
Deal Cadet
54
156
5

"
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)."

Missing
Deal Cadet
87
329
4

after much discussion with @baba008 this is not good offer..please dimers avoid. as we will be trap to buy 90k GV just to get 3% extra. so please avoid.

Missing
Deal Cadet
54
156
5

"
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.

Missing
Deal Cadet
54
156
5
desisam wrote:

after much discussion with @baba008 this is not good offer..please dimers avoid. as we will be trap to buy 90k GV just to get 3% extra. so please avoid.

90 is max. I think min is 2000. recheck

Missing
Deal Cadet
54
156
5

Also note you need to do tax filling for the profits from MFs.

Missing
Deal Cadet
53
193
3

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.

Missing
Deal Cadet
53
193
3
baba008 wrote:

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

If can’t be.. It can never be… Mutual funds are regulated SEBI, no one can do that, force us to do something with redeemed. 90% of your money will directly in your account within 30 minutes. Usually you’ll get amount in an instant right after clicking on redeem button.

Missing
Deal Cadet
53
193
3
baba008 wrote:

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

If can’t be.. It can never be… Mutual funds are regulated SEBI, no one can do that, force us to do something with redeemed amount. The offer is just between Kuvera and Amazon.

90% of your money will be directly in your account within 30 minutes. Usually you’ll get amount in an instant right after clicking on redeem button.

Missing
Deal Cadet
66
164
2
hyderabadibiryani wrote:

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?

Missing
Deal Cadet
281
430
4

Is there any waysto get amazon gift cards at offer prices

Missing