Frequently Asked Questions
Got Questions?
We Have Clear Answers
General & Regulatory Questions
Yes. FINWISDOM FINANCIAL SERVICES PVT LTD is an AMFI-registered mutual
fund distributor (ARN-367223) and follows the AMFI Code of Conduct and applicable SEBI
guidelines, including proper KYC, risk profiling, and full disclosure of commissions
earned on every recommendation.
Simply reach out to us via phone, WhatsApp (9323801010), or email. We will understand
your financial goals, complete the required KYC and risk profiling, and recommend a
suitable investment plan tailored to you.
As a mutual fund distributor, we are compensated through trail commission paid directly
by Asset Management Companies (AMCs), as disclosed on our Commission Disclosure page. We
do not charge a separate advisory fee unless explicitly agreed with you in advance.
Mutual Funds & SIP Questions
A Systematic Investment Plan (SIP) lets you invest a fixed amount in a mutual fund
scheme at regular intervals, such as monthly. It builds wealth over time through
disciplined investing and rupee-cost averaging. Mutual fund investments are subject to
market risks; please read all scheme-related documents carefully.
Mutual funds are regulated by SEBI and managed by professional fund managers, which adds
oversight and diversification. However, mutual fund investments are subject to market
risks and returns are not guaranteed, so it is important to choose schemes aligned with
your risk appetite and goals.
You can start by completing your KYC, defining your financial goals and risk profile,
and then choosing a suitable mutual fund scheme as a lump sum or through a SIP. We guide
you through each step smoothly.
Insurance Questions
Term insurance provides a high life cover at an affordable premium, helping ensure your
family is financially protected in case of your untimely demise. It is usually the most
cost-effective way to secure your family's future.
A common guideline is life cover of about 10-15 times your annual income, though the
right amount depends on your liabilities, dependents, and goals. We can help you assess
your specific needs through our Insurance Need Calculator.
Taxation & Capital Gains
Equity Linked Savings Schemes (ELSS) allow a deduction of up to Rs. 1.5 lakh under
Section 80C of the Income Tax Act, along with the potential for equity-linked growth.
ELSS has the shortest lock-in period of 3 years among all Section 80C options.
For equity mutual funds, gains on units held for more than 12 months are treated as
Long-Term Capital Gains (LTCG), while gains on units held for 12 months or less are
Short-Term Capital Gains (STCG). Tax rates and exemptions differ between the two; please
consult your tax advisor for your specific situation.