Trying to understand how Pots work?

Help
1

I want to know how exactly “Pots” feature work? How it’s different from FD/RD? How pots earn interest? Does Pots have any technical name in banking terms?

I’m just curious.

2

Jupiter recently acquired EasyPlan. It is a service which lets you save for a goal by making a “pot”. The app invests your money in a low risk mutual fund wherein you get an interest rate ≈ 6.5% (more than FD or RD)

You can have saving goals, say a laptop, and can technically also earn some interest over it.

So I think after the acquisition of EasyPlan by Jupiter, that’s how the pot feature should be working.

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3

Thanks for sharing the information. So it has no exit load?

4

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EasyPlan invests in ICICI prudential liquid fund and here are the exit load charges. Not sure how Jupiter would implement Pots @Ranjeth

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5

Yeah… thanks again :slight_smile:

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6

They do invest your pot money in bitcoin as well

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7

Yeah I totally believe that :sweat_smile:

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8

Yeah the most believable in this community yet

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9

hey,

Nowadays the returns from liquid funds is not that much.

Most funds have a return of around 3.5% return.

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10

I meant it in more generic terms. Not too sure about these days. Sorry for errors, if any.