Question 1

What is Finwise and how can it help me?

Accepted Answer

Finwise is a financial advisory service for Indian families. We help you with mutual fund investments, insurance planning, tax optimization, retirement planning, and goal-based investing. Think of us as your family's trusted financial advisor,we assess your financial health, create the right plan, and stay with you for the long haul.

Question 2

Is the Financial Health Checkup really free?

Accepted Answer

Yes, completely free. Our 12-question Financial Health Checkup gives you a personalized score and insights into your financial wellness. There's no payment required and no hidden charges. We built it to help families understand where they stand financially.

Question 3

Do I need to create an account to use the free tools?

Accepted Answer

No. All our free tools,SIP Calculator, FIRE Calculator, Loan Calculator, Risk Profiler, and Fund Screener,can be used without creating an account or signing up. If you'd like a detailed report emailed to you, we'll ask for your email address.

Question 4

How is Finwise different from apps like Groww or Zerodha?

Accepted Answer

Apps like Groww and Zerodha are platforms for executing trades. Finwise provides personalized financial advice. We don't just help you buy mutual funds,we help you decide which ones to buy, how much to invest, and how it fits into your overall financial plan. You get a real human advisor who knows your name and your goals.

Question 5

What services does Finwise offer?

Accepted Answer

We offer five core services: (1) Mutual Fund Advisory,SIPs, lump sums, portfolio management; (2) Insurance Planning,life, health, gap analysis; (3) Tax Planning,Section 80C strategies, ELSS optimization; (4) Retirement Planning,FIRE strategy, pension, corpus building; (5) Goal-Based Investing,education, home, wealth creation.

Question 6

How much does a consultation cost?

Accepted Answer

We offer three packages: Quick Checkup (₹499, 30 minutes for one topic), Full Consultation (₹999, 60 minutes with a comprehensive review and written plan), and Premium Advisory (₹1,999, 90 minutes with a custom strategy and 30-day follow-up support).

Question 7

Can I get a free initial consultation?

Accepted Answer

Yes! Start with our free Financial Health Checkup to get your score. Based on your results, we offer a complimentary 15-minute introductory call to discuss your key concerns and how we can help.

Question 8

Do you charge commissions on mutual fund investments?

Accepted Answer

As an AMFI-registered Mutual Fund Distributor, we may receive commissions from mutual fund houses for facilitating investments. This is standard practice and does not affect the price you pay for the mutual fund units. We always prioritize your financial goals over commission potential.

Question 9

What is a SIP and how does it work?

Accepted Answer

SIP (Systematic Investment Plan) lets you invest a fixed amount in mutual funds every month,like a recurring deposit but with potentially higher returns. For example, investing ₹5,000/month at 12% average returns for 20 years could grow to over ₹49 lakhs. Use our SIP Calculator to see your projections.

Question 10

How do I know which mutual funds to invest in?

Accepted Answer

It depends on your goals, risk tolerance, and investment horizon. Start with our Risk Profile Assessment to understand your investment personality, then check our Fund Screener for top-performing funds. For personalized recommendations, book a consultation with our advisor.

Question 11

Is investing in mutual funds safe?

Accepted Answer

All mutual fund investments carry market risk,the value can go up or down. However, historically, diversified equity mutual funds have delivered 12-15% average returns over 10+ year periods in India. The key is choosing the right funds, diversifying, and staying invested for the long term. We help you manage this risk.

Question 12

What is the minimum amount to start investing?

Accepted Answer

You can start a SIP with as little as ₹500 per month in most mutual funds. There's no upper limit. We help you determine the right amount based on your income, expenses, and financial goals.

Question 13

How can Finwise help me save tax?

Accepted Answer

We help you optimize tax savings through ELSS mutual funds (Section 80C), NPS contributions (Section 80CCD), health insurance premiums (Section 80D), and other legitimate deductions. Many families save ₹50,000-₹2,00,000 annually by planning their taxes strategically instead of rushing in March.

Question 14

What is ELSS and why is it recommended for tax saving?

Accepted Answer

ELSS (Equity Linked Savings Scheme) is a type of mutual fund that qualifies for tax deduction under Section 80C (up to ₹1.5 lakh). It has the shortest lock-in period (3 years) among all 80C options and has historically delivered better returns than PPF, NSC, or tax-saving FDs.

Question 15

How accurate are the calculator results?

Accepted Answer

Our calculators use standard financial formulas and provide reliable estimates. However, actual returns depend on market conditions and are not guaranteed. The calculators are designed to give you a directional understanding,for precise planning, we recommend a consultation with our advisor.

Question 16

What is the FIRE Calculator?

Accepted Answer

FIRE stands for Financial Independence, Retire Early. Our FIRE Calculator helps you determine how much you need to save and invest to achieve financial independence,the point where your investment income covers your living expenses, giving you the freedom to retire or pursue your passions.

Question 17

How does the Fund Screener get its data?

Accepted Answer

Our Fund Screener fetches real-time NAV (Net Asset Value) data from the MFAPI, which aggregates data directly from AMFI. The data is updated daily to show you the latest fund performance across categories like Large Cap, Mid Cap, Small Cap, Flexi Cap, and ELSS.

Question 18

Is my financial data safe with Finwise?

Accepted Answer

Absolutely. We use industry-standard encryption (SSL/TLS) for all data transmission. Your payment information is processed by Stripe (PCI DSS Level 1 certified) and never stored on our servers. We never sell or share your personal data with third parties for marketing purposes.

Question 19

Can I delete my data from Finwise?

Accepted Answer

Yes. Under our Privacy Policy, you have the right to request deletion of your personal data. Contact us at privacy@finwise.in, and we'll process your request within 30 days, subject to any legal retention requirements.

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