Frequently Asked Questions Health Insurance, Mutual Fund Investment Guide

A mutual fund is a financial vehicle that pools money from various investors to invest in a diversified portfolio of stocks, bonds, or other securities. 

You can invest in mutual funds through Asset Management Companies (AMCs) or their distributors. You can also invest online through various online platforms. 

The minimum investment amount varies from fund to fund. It can range from as low as ₹100 to ₹1,000 or more, depending on the fund type 

There are various types of mutual funds in India, including equity funds, debt funds, hybrid funds, index funds, and more. Each type serves a different investment objective. 

The risk level depends on the type of mutual fund. Equity funds carry higher risk but also higher potential returns, while debt funds are generally less risky. 

You can track your investments through the AMC's website, registrar and transfer agents (RTAs), or various financial apps and websites that provide portfolio tracking services. 

The expense ratio represents the annual fees and expenses charged by the mutual fund, expressed as a percentage of the fund's average assets. It is deducted from the fund's returns. 

Most mutual funds in India allow you to redeem your investments at any time, subject to certain exit load and lock-in periods for some funds. 

Yes, there are tax implications such as capital gains tax, dividend distribution tax (DDT), and securities transaction tax (STT). The tax treatment varies depending on the type of mutual fund and the holding period. 

A SIP is a method of investing in mutual funds where you regularly invest a fixed amount at predefined intervals (e.g., monthly). It is a popular way to invest gradually over time. 

Yes, NRIs (Non-Resident Indians) can invest in Indian mutual funds, subject to certain conditions and regulations specified by SEBI. 

Consider your financial goals, risk tolerance, investment horizon, and the fund's past performance before making an investment decision. 

It's essential to align your investment goals and risk profile with the fund's objectives, past performance, and fund manager's track record. Consult a financial advisor if needed. 

It is an investment fund that trades on a stock exchange, ETFs are designed to track the performance of a specific stock index, commodity, bond, etc. It combines the features of stocks and mutual funds, offering liquidity, diversification, and low expense ratios to investors.  

Health insurance is a contract between an individual and an insurance company that provides financial coverage for medical expenses incurred due to illness, injury, or hospitalization. 

Health insurance provides financial protection against the high costs of medical treatment. It ensures that you can receive quality healthcare without depleting your savings. 

Health insurance policies can cover various medical expenses, including hospitalization, doctor's fees, medicines, surgeries, diagnostic tests, pre and post-hospitalization expenses, and more. 

Consider factors such as your healthcare needs, budget, family size, and coverage options. Compare policies from different insurers and choose one that suits your requirements. 

An individual health insurance plan covers only one person, while a family health insurance plan covers the policyholder, spouse, children, and sometimes parents. 

Many policies allow you to add or remove family members during the policy's renewal period and / after birth of a baby. Check the terms and conditions of your specific policy. 

A waiting period is the initial period during which certain pre-existing diseases or specific treatments may not be covered. It varies from policy to policy. 

Yes, you can port your health insurance policy to a different insurer without losing your accumulated benefits. This process is known as portability. You should apply well in advance.

Yes, you can purchase health insurance for your parents as dependents or under separate policies designed for senior citizens. Acceptance of proposal may require clearing a medical test.

Yes! Everyone can benefit from financial advising. We can help you make your best financial decisions at any income level. We offer our expertise in an affordable price.

We will work with you to help you establish the right balance of risk to reward for your investments. For any support contact us.