Something BIG is brewing at PHIR Wealth. Stay tuned! 🚀
Something BIG is brewing at PHIR Wealth. Stay tuned! 🚀
What is the difference between a Savings Account and a Current Account?
What is the difference between the NSE and BSE? The BSE (Bombay Stock Exchange) is the oldest exchange in Asia, while the NSE (National Stock Exchange) is the largest in India by volume, known for its fully automated screen-based trading system.
How does SEBI protect investors? The Securities and Exchange Board of India (SEBI) ensures transparency by enforcing rules against Insider Trading, overseeing stockbrokers, and ensuring companies provide accurate information to the public before listing shares.
What does IRDAI regulate?Â
The Insurance Regulatory and Development Authority of India (IRDAI) licenses insurance companies, sets solvency margins to ensure they can pay claims, and handles policyholder grievances.
Why is Corporate Insurance different from Individual Insurance?Â
Corporate insurance (like Group Mediclaim or Liability Insurance) is tailored for business risks and employee benefits, often offering lower premiums due to the bulk nature of the policy.
What is the National Pension System (NPS)?Â
Regulated by the PFRDA, NPS is a voluntary, long-term retirement savings scheme that allows for a mix of equity and debt investments.
Can I withdraw my Pension fund early?
 Partial withdrawals are allowed under PFRDA rules for specific reasons like higher education, marriage, or critical illness, typically after three years of investment.
How does RERA benefit property buyers?Â
The Real Estate (Regulation and Development) Act (RERA) mandates that developers register projects, provide timely possession, and keep 70% of the funds in an escrow account to ensure the money is used only for construction.
What is the difference between Commercial and Residential property?Â
Residential properties are meant for living, while Commercial properties (offices, shops) are for business use, usually yielding higher rental returns but requiring different tax treatments.
Why is a Will important even for young professionals?
A Will ensures your assets are distributed according to your wishes, preventing legal disputes among heirs.
What is Corporate Compliance?
It refers to a company following all laws and regulations, such as filing annual returns with the Ministry of Corporate Affairs (MCA) and maintaining Board Meeting records.
What is the difference between GST and Income Tax?
How does ERP software help a business?
Enterprise Resource Planning (ERP) integrates accounting, HR, and sales into one system, providing real-time data for better decision-making.
How does a Credit Score affect my loan eligibility? A high score (e.g., 750+) indicates a history of timely repayments, making you eligible for lower interest rates and faster loan approvals.
What is an SIP Calculator? It is a tool that estimates the future value of your monthly investments in Mutual Funds based on an assumed rate of return.
Is Net Banking safe? Yes, provided you use Two-Factor Authentication (2FA), avoid public Wi-Fi for transactions, and never share your OTP or password.
What is the DigiLocker? A government platform that allows you to store and share digital versions of official documents like your Driving License, Marksheets, and PAN card, which are legally valid.
What is a Financial Ombudsman?
 If a bank or insurance company does not resolve your complaint within 30 days, you can approach the RBI or IRDAI Ombudsman—a neutral third party that provides free mediation.
What is Phishing?
It’s a scam where attackers send fake emails or messages to trick you into revealing sensitive info like passwords or credit card numbers.
How do I report a cyber-financial fraud?
Immediately call the national helpline 1930 or report the incident on the official portal at cybercrime.gov.in.
How do I become a Certified Insurance Advisor?
You must complete a 15-hour training program approved by IRDAI and pass the IC-38 exam.
How do I become a Mutual Fund Distributor?Â
You need to pass the NISM Series V-A: Mutual Fund Distributors Certification Examination and then register with AMFI to get an ARN (Amfi Registration Number).
Investment advisory involves professional guidance to help individuals and organizations make informed investment decisions. Advisory firms provide insights on asset allocation, portfolio management, and market trends.
Investment advisor services involve professional, personalized financial guidance—often under a fiduciary duty to act in the client’s best interest—covering investment planning, portfolio management, and goal-based financial advice. They access risk profile and manage assets (stocks, bonds, mutual funds) to meet client goals.
When choosing an investment advisory firm, consider factors like the firm’s track record, expertise, client reviews, fee structure, and whether their investment philosophy aligns with your financial goals.
Benefits of investment advisory services include expert market insights, personalized investment strategies, risk management, and the ability to navigate complex financial markets, ultimately aiming to enhance returns.
Expect personalized investment strategies, regular portfolio reviews, detailed market analysis, and transparent communication about performance and fees when using an investment advisory service.
An investment advisor should have relevant qualifications, such as a degree in finance or economics, certifications like CFA (Chartered Financial Analyst), and experience in investment management.
Investment advisory services aid in wealth management by offering tailored investment strategies, tax optimization, risk assessment, and long-term financial planning to grow and protect your wealth.
It’s recommended to meet with your investment advisor at least quarterly to review your portfolio and discuss any changes in your financial goals or market conditions.
A financial advisor offers broader financial planning services, including budgeting and estate planning, while an investment advisor focuses specifically on managing and optimizing investment portfolios.
Yes, online investment advisory services provide access to professional investment guidance via digital platforms, often with lower fees and the convenience of managing your portfolio online.
Yes, investment advisory services can be worth the cost if they provide valuable insights, personalized strategies, and professional management that enhance your investment outcomes and align with your financial goals.
Investment advisory firms ensure portfolio diversification by analysing client goals, risk tolerance, and market conditions, then recommending a mix of asset classes and securities to reduce risk and enhance returns.
The loan amount you can avail depends on your income, credit score, repayment capacity, existing liabilities, property value, and lender norms. Many lenders finance up to 75%–90% of the property value, subject to eligibility and regulatory guidelines.
You typically need to submit basic KYC documents, income proof (salary slips, bank statements, ITR), employment or business proof, property documents, and photographs. Additional documents may be requested depending on the applicant’s profile and loan type.
Prepayment or foreclosure charges depend on the loan type. Floating-rate home loans for individual borrowers generally have no prepayment charges. However, fixed-rate loans or loans taken by non-individual applicants may attract applicable fees as per lender policy.
Step 1: Submit your Application
The loan application you submit will consist of a duly filled-in loan application form, proof of income, proof of identity and address.
Step 2: Application Evaluation and Loan Sanction
Our internal team immediately starts evaluating the application and processing it further for sanctioning the loan.
Step 3: Property valuation
Once the property papers are shared and a legal technical valuation of the property is done to see if all is in order, the disbursal of the loan is approved. This step is easier to cross when you’re buying a home from an approved project.
Step 4: Loan Disbursal
A loan agreement is signed and the final disbursal takes place.
A financial institution hires agencies to objectively assess the value of properties used as loan collateral. This assessment considers the property’s age, usage, legal documents, condition and location. Market conditions, like the demand for the property in the area, also affect the valuation.
A financial institution undertakes certain risks while lending money to borrowers, so for prudent lending, the institution checks the borrower’s repayment capacity through his/her savings, income, age, qualifications, nature of work, any loans currently served, etc. This is called Credit Evaluation and determines the loan eligibility comprising of the loan amount, tenure of the loan and the rate of interest
The lending arm of NBFCs is given to penetrate market and people who might not get a loan from a bank, due to these reasons.
Banks reject these customers more often because their loan risk assessment process is strict. NBFCs take this risk, so they charge a little higher. This helps them cover possible losses and keep their business stable.
When an asset is sold at a price higher than its purchase cost, the resulting profit is classified as a capital gain. In India, such gains arising from the sale of assets are subject to capital gains tax under the Income Tax Act. Capital assets include commonly recognised investments such as property, land, shares, and mutual funds, but they also include less obvious transactions, including:
Tax planning involves strategically organising your financial affairs to ensure that, while fully complying with the provisions of the Income-tax Act, 1961, you take maximum advantage of all exemptions, deductions, rebates, allowances, and other benefits available under the law. The goal is to minimise your tax liability to the maximum extent possible without violating any legal requirements.
ITR for individuals is mandatory only if their income is above the basic exemption limit. There are also other criteria as follows, fulfilling which ITR filing is mandatory:
Expenditure on foreign travel with limits.
Electricity consumption with limits.Â
Deposit above certain limits in one or more current accounts or
Business receipts exceed certain limitsÂ
Professional receipts exceed limits
TDS and TCS amount exceed certain limits.
In the case of a resident whose asset is located outside India or who has signing authority for an account-based account outside India, ITR filing becomes mandatory.
All individuals and organizations that pay tax can benefit from tax planning. Many tax credits and government assistance programs are calculated based on net income on tax returns. Using tax strategies can help ensure you maximize these benefits and credits so as your taxable investment income is lower.
You can reduce your tax bill considerably by taking advantage of all the tax deductions and tax credits that you’re entitled to.
PHIR wealth platform assist and support you in every step of processing.
Yes, it is done under the guidance of our CA team.
Yes, they are trained and certified to guide you as per Income-tax Rules.
Legacy planning ensures your assets end up with the intended beneficiaries, minimizing family disputes, reducing tax implications, and providing financial security for your heirs. It also allows you to outline charitable intentions and nominate guardians for minor children.
Estate Planning is the legal and financial process of organizing, managing, and distributing assets (property, investments, savings) during your lifetime and after death.
Legacy Planning is a broader, often more personal, approach that includes transferring assets, but also focuses on passing down values, life lessons, charitable goals, and memories to the next generation
Will:Â A legal document stating how your assets should be distributed.
Trusts:Â Legal arrangements to manage assets for beneficiaries.
Power of Attorney (PoA):Â Designates someone to manage your affairs if you become incapacitated.
Estate planning in India is an important aspect of the financial planning process. Doing it the right way will not only help in distributing your assets as per your wish but curb family disputes as well. The benefits of estate planning are listed below:
An estate plan, once created, is not a permanent one. You should review it at least once a year and make the necessary changes (if any). In certain specific situations too, it is imperative to review or update your estate plan:
– Changes in family structure- birth, death, marriage, divorce of any of the beneficiaries.
– Acquired a new asset or taken a new loan.
– Substantial changes in the type of assets.
– Started a new business.
– Change in residential status of the testator or any of the beneficiaries.
– Changes in tax or succession laws.
You can change your Will any number of times you want. Ensure that you have mentioned on the new Will that it supersedes the previous one. By default, the latest Will would be considered the final one. All previous Wills would be considered invalid.
