Real estate as investment is a thing of the past. We all know of how Bollywood stars are securing their future by purchasing flats and farmhouses around the town and countryside.
Shah Rukh is said to be creating another 'Mannat' in Dubai too.
But here's a recent development we got to know of. As it seems Shahrukh Khan, Saif Ali Khan and Akshay Kumar are investing heavily in the of Life Insurance Corporation of India!The government-run insurance company, the largest in the country, came up with a particular scheme that has got all the stars hooked on.
Our source tells us that the scheme ensures a guaranteed rate of returns.
"Moreover, it also carries a risk cover six times the maturity sum assured in the first year. In the subsequent years, it becomes two times the maturity sum because the scheme guarantees a certain percentage of income every year. Now here's the best part – the interest earned on this investment is totally tax-free," says the source.
Clearly our market savvy stars would be fools to let go of such a wonderful scheme to multiply their money. So when their financial advisors came to them with the idea, Shah Rukh, Saif and Akshay promptly jumped at it.
So just how much have these men invested?
If rumours floating in the market are to be believed, Shahrukh Khan has invested Rs 8 crore. Not to be left behind Akshay Kumar too invested the same amount as the Khan and Saif Ali Khan is said to have invested Rs 7 crore. The policy of the stars will mature in 10 years.But the man who has invested the most is a certain Sachin Tendulkar who has about Rs 18 crore locked in the scheme.
So if SRK has invested Rs 8 crore for 10 years, he is guaranteed of a minimum return of approx Rs 16 crore, plus a loyalty addition of 40 lakh. You can easily do the math for the rest of the stars.
A top development officer of Life Insurance Corporation of India confirmed the news for us on condition of anonymity.
"It is true that Shah Rukh, Saif and Akshay have invested in our recently launched scheme but revealing more details about it would not be fair to my investors and will also be unethical," he told us.
A leading accountant who handles most of the stars' account also told us, "Our stars may be earning big money from their films but then it is natural for them like everybody to put their money in the right ventures to ensure safer returns. They had been making big investments in the share market and the realty market but presently they are facing heavy losses on that front. This big assured returns government scheme is the right scheme to invest big money in for these three stars. They have taken the right decision at the right time as LIC is presently contemplating stopping this scheme due to over-subscription."
