FAQs

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FAQs

FAQs

What People Ask Before Starting

What is the importance of life insurance?

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Life insurance provides financial security to your loved ones in case of an unfortunate event. It ensures that your family can maintain their lifestyle and meet essential expenses even in your absence.

How do mutual funds work?

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Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. A professional fund manager manages these investments, aiming to generate returns while reducing risk through diversification.

What is a Systematic Investment Plan (SIP)?

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A SIP allows you to invest a fixed amount regularly in a mutual fund. It helps in disciplined investing, averaging out market volatility, and gradually building wealth over time.

How can I plan my finances effectively?

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Effective financial planning involves assessing your income, expenses, savings, and investments. Setting clear goals, budgeting, and investing wisely in insurance, mutual funds, and other instruments can help achieve financial stability and growth.

What are the risks involved in investing in mutual funds?

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Mutual funds are subject to market risks. Equity funds can be volatile, bond funds can be affected by interest rate changes, and all funds are influenced by economic conditions. Diversification and understanding your risk tolerance are essential before investing.