Two heads are better than one. By engaging an MFD, you hire a professional who is in constant touch with the fund managers and hence can offer professional advise based on your risk profile. Moreover when investing by oneself, your bias in favour of particular themes or companies may come to the fore. Talking to your MFD helps eliminate such bias. Furthermore there are a plethora of mutual fund and insurance schemes in India and we can help separate the wheat from the chaff based on your risk profile and needs . So by hiring us you save time and gain from our professional experience

Being professionals, we will first conduct your risk profile, talk about your financial goals and then draw up a plan to achieve those goals. Accordingly mutual fund and insurance schemes will be suggested

Normally your health insurance coverage should be apprx Rs30-50 lakhs for a 35 year old with wife and one kid". The coverage from the office policy is usually less and moreover this helps when you are between jobs which is a practical modern day scenario. You may want to be self employed at certain point of time in your life and your personal health coverage will be of use then

Buying insurance online is cheaper ie, you pay less premium. But there are more than 25 companies offering health insurance. Tracking the features of the policies of all companies is a difficult task hence third parties like us can help you filter down the policies based on their intrinsic features. Two heads are better than one!!

Risk in inversely proportional to return. The rate of return from Insurance endowment plans is GUARANTEED (no risk) hence less than the rate of return from Mutual Funds which will depend on the stock market. Thus the market is compensating you for the higher risk you take while investing in equity mutual funds than in an endowment plan.

Yes they can. However their kyc process is different from that of resident individuals and taxation too is different

Yes they are. Units for open ended funds can be redeemed any time and gets credited into your account on T+1 or more where T is the day when you give the redemption request before cut off time.

Yes it is. Nowadays nomination is mandatory when you buy Mutual Funds. In case of your death, your nominee will easily get the funds while in case no nominee is provided then your heir has to prove that he/she is your successor which could be very cumbersome indeed

Both term and endowment life insurance plans cover your life. The difference is term insurance is a pure insurance plan where your nominee gets the money on your death and nothing in case you complete the policy term. In case of an endowment plan, in case you outlive your policy then a certain fixed sum is handed over to you as maturity benefit. In my opinion, buy term insurance whose premium is much less and invest the saved premium money in mutual funds as rate of return in mutual funds is much higher than that from endowment plans

Taxation for mutual funds is split between equity and debt. Short term capital gains from equity funds are taxed at 15% while long term gains are taxed at 10% (short term is defined as units held for less than 1 year and long term as units held for more than a year). While for debt funds both short term and long term are taxed as per the tax bracket you are in

Absolutely. In the Mutual Fund universe besides equity funds, debt schemes are also present which invest in AAA rated bonds/securities with highest safety. So according to their risk profile, senior citizens can invest in debt funds or equity funds. Do remember that risk is everywhere even investing in banks where only upto Rs5 lakhs per account holder per bank are insured under deposit insurance. So risks are better managed by acknowledging the risks and your own ability to manage that risk.

You can save tax by investing in ELSS schemes of Mutual Funds. These are equity funds and have a lock in period of 3 years. Under Sec 80c of the Income Tax Act, 1961, Rs1,50,000 can be deducted from your taxable income

You can track the performance of your portfolio by our own mobile app, monthly statements etc

There is exit load in certain schemes if you withdraw funds before the predefined exit period. Please do check with us before investing

Funds under open ended schemes can be withdrawn anytime. However there are certain predefined closed ended schemes eg Target Maturity Plan which can be withdrawn on maturity or ELSS funds where there is a 3 year lock in period

Not at all. In fact nowadays if your phone is linked to Aadhar, the kyc process can be done online and thus takes less time than earlier. The kyc process for NRIs of course is a bit more cumbersome than for residents however we are there to handhold you through the process

Debt funds are also known as the Bond/ Fixed Income Funds and invest in Government Securities, Corporate Bonds and Corporate Debt Securities etc. These are particularly suited for the investors for investors with low risk appetite and want stable returns. These are much safer and stable but of course offer lower returns than equity funds.