Frequently Asked Questions
1) How do I decide between SIP and Lumpsum?
SIP spreads investments over time and averages costs; lumpsum is suitable when you have sizeable surplus and appropriate market outlook and horizon.
2) What returns should I expect from mutual funds?
Returns are market-linked and not guaranteed. Choose funds based on goals, horizon, and risk profile.
3) What is the ideal health insurance sum insured for a family?
Depends on city and hospital costs; consider at least ₹10–20 lakh for a family of four in Tier-1/2 cities.
4) Term plan vs. savings plan?
Term plan protects income at low cost; savings/guaranteed plans help build goal-linked corpus with defined benefits.
5) Can I increase/decrease my SIP?
Yes. You can modify SIP amounts or top-up periodically as per fund rules.
6) How are PMS & AIF different from mutual funds?
PMS/AIFs are for higher-ticket investors, with bespoke or alternative strategies and eligibility norms.
7) What documents are needed for claim filing?
Policy copy, KYC, bank details, and claim-specific documents (e.g., hospital discharge summary, FIR, etc.).
8) Are FDs and Bonds safer than equity funds?
They carry lower market volatility but include interest-rate/credit risk. Use them to balance your portfolio.
9) What tax benefits are available?
Section 80C (ELSS/Insurance), 80D (Health Insurance), and NPS deductions under 80CCD(1B) as applicable.
10) How often do you review portfolios?
Typically every 6–12 months, or when your goals/life events change.