FAQ

Frequency Asked Question

General Finance & Investment

What is the best way to start investing in stocks?

To start investing, you need a demat and trading account with a registered stockbroker. Research the companies, do financial analysis, and consider investing in blue-chip or index stocks for lower risk.

What are the main benefits of mutual funds?

Mutual funds offer diversification, professional management, liquidity, and the flexibility to invest in asset classes like equity, deb,t and hybrid funds.

How do I build a strong investment portfolio?

Diversify your investments across stocks, mutual funds, fixed deposits, real estate, and digital assets depending on your risk appetite and financial goals.

Insurance

What are the different types of insurance?

The main types of insurance include life insurance, health insurance, motor insurance, travel insurance, and pocket insurance for small-ticket insurance coverage.

Why is health insurance important?

Health insurance helps cover hospitalization, medical expenses, and critical illness treatment, reducing the financial burden during medical emergencies.

What is the difference between term insurance and life insurance?

Term insurance offers pure life coverage with a high sum assured at a low premium, while term life insurance (endowment/ULIP/whole life) combines savings with protection.

Taxation & Return Filing

How can I reduce my income tax liability?

You can save tax by investing in ELSS mutual funds, PPF, NPS, insurance policies, tax-saving FDs, and claiming deductions under Sections 80C, 80D, and 10(10D).

What documents are required to file an Income Tax Return (ITR)?

Filing ITR usually requires PAN card, Form 16, bank statements, investment proofs, rent receipts (for HRA), and capital gains statement.

What is filing a GST return, and who has to file it?

Filing GST returns is mandatory for businesses with an annual turnover of more than ₹20 lakh (for services) and ₹40 lakh (for goods). Registered businesses must file monthly/quarterly GST returns.

Financial Consultancy & Portfolio Management

How can a financial advisor help me?

A financial advisor provides personalized investment, tax, and wealth management strategies to help you achieve your financial goals.

What is portfolio rebalancing, and why is it important?

Portfolio rebalancing is the process of adjusting your investment allocations to maintain the desired risk level and optimize returns. It is recommended to do it at least once a year.

Can I manage my investments without a financial advisor?

Yes, if you have a good understanding of the market and financial instruments, you can manage your investments. However, a financial advisor can provide expert insights and minimize risks.