Frequently Asked Questions
Everything you need to know about investing and insurance with Finkap.
📈 Investment & Wealth
What is the minimum amount to start a SIP?
You can start a SIP with as little as ₹500 per month. We recommend starting early regardless of the amount — consistency matters more than size.
What is ELSS and how does it save tax?
ELSS (Equity Linked Saving Scheme) is a mutual fund that qualifies for tax deduction under Section 80C. You can save up to ₹1.5 lakh per year and potentially earn market-linked returns with a 3-year lock-in.
Is my investment money safe with Finkap?
Yes. Your investments are made directly with authorized mutual fund companies in your own name. Finkap acts as a mutual fund distributor and does not hold or control your investment funds. All transactions are processed through secure and regulated channels.
How long should I stay invested in mutual funds?
For equity mutual funds, a minimum of 5-7 years is recommended for optimal returns. SIP investments benefit greatly from long-term compounding.
Can I withdraw my mutual fund investment anytime?
Yes, most mutual funds allow you to withdraw your investment at any time. Redemption proceeds are typically credited to your bank account within T+2 working days. However, certain schemes may have exit loads, and capital gains tax may apply depending on the investment type and holding period.
🛡️ Insurance
How do I choose the right health insurance plan?
We compare plans from 20+ insurers based on your age, family size, medical history and budget. We recommend plans with maximum coverage, cashless hospital network and easy claim process.
What is a Family Floater health insurance plan?
A Family Floater plan covers your entire family under one sum insured. It is more cost-effective than buying individual policies for each family member.
How do I file an insurance claim?
Simply call or WhatsApp us. Our dedicated claims team will guide you step by step, collect documents and follow up with the insurer until your claim is settled.
What is term insurance and why do I need it?
Term insurance provides pure life cover at very low premium. If the insured person passes away during the policy term, the nominee receives the full sum assured. It is the most essential financial protection for any earning individual.
Is commercial insurance mandatory for my business?
Some covers like Workmen Compensation are legally mandatory. Others like Fire Insurance may be required by your bank if you have a business loan. We assess your specific requirements and suggest only what is necessary.
🏢 About Finkap
Is Finkap a registered financial services provider?
Yes. Finkap offers mutual fund distribution and insurance solutions through authorized registrations and industry partnerships. We follow applicable regulatory guidelines and focus on providing transparent, customer-centric financial services.
Is the first consultation really free?
Absolutely. Our first consultation involves understanding your financial goals, current situation and risk appetite. There is no charge and no obligation to proceed.
Do you serve clients outside Surat?
Yes. We serve clients across Gujarat and can assist clients anywhere in India digitally through video calls, email and WhatsApp.
How do you earn — do you charge fees?
We earn through distributor commission from mutual fund houses and insurance companies. For investment advisory, we charge a transparent fee that is disclosed upfront. There are no hidden charges.
Still Have Questions?
Our experts are happy to answer any question — big or small. Reach out anytime.