Question 1

How do I start investing with Kashly?

Accepted Answer

Getting started is simple. Create an account, complete your KYC, receive personalised recommendations from our experts, and start investing across mutual funds, fixed deposits, or GIFT City funds in just a few clicks.

Question 2

What are the charges for using Kashly?

Accepted Answer

No fees, no hidden charges. We earn a small commission from fund houses and issuers. It does not influence our recommendations.

Question 3

Is my money safe with Kashly?

Accepted Answer

Yes. Kashly does not hold your money. All investments are made directly in your name with the respective fund house, FD issuer, or IFSC-registered entity.

Question 4

Are Fixed Deposits through Kashly safe?

Accepted Answer

Kashly only recommends AAA-rated fixed deposits with a strong track record. However, unlike bank FDs, they are not covered by the DICGC insurance of ₹5 lakh. Our experts help you assess the risk before investing.

Question 5

Who can invest in GIFT City funds?

Accepted Answer

NRIs, OCIs, and Resident Indians (under the LRS scheme) can invest in GIFT City funds. Foreign investors can also participate through IFSC-registered entities. Our experts will guide you based on your residency status.

Question 6

Can NRIs invest across all Kashly products?

Accepted Answer

Yes. NRIs can invest in mutual funds via NRE or NRO accounts, company fixed deposits via NRO accounts, and USD-denominated GIFT City funds. Our dedicated NRI experts handle the entire process from KYC to fund selection.

Question 7

What is SIP in mutual funds?

Accepted Answer

SIP (Systematic Investment Plan) is an investment method where you invest a fixed amount regularly (monthly/quarterly) in mutual funds. It helps in disciplined investing and benefits from rupee cost averaging, reducing the impact of market volatility on your investments.

Question 8

Are SIPs safe for investments?

Accepted Answer

While SIPs are a disciplined way to invest in mutual funds, they are subject to market risks like any other investment. However, SIPs help mitigate risk through rupee cost averaging and long-term wealth creation. The safety depends on the type of mutual fund you choose and your investment horizon.

Question 9

Can SIPs go in loss?

Accepted Answer

Yes, SIP investments can show losses in the short term due to market fluctuations. However, SIPs are designed for long-term wealth creation, and historical data shows that staying invested for longer periods (5+ years) typically yields positive returns. The key is to remain invested through market cycles.

Question 10

Can SIP date be changed?

Accepted Answer

Yes, most mutual fund companies allow you to change your SIP date. You can typically do this through your online account or by contacting the mutual fund company. However, there might be certain restrictions on how frequently you can change the date.

Question 11

Can I change SIP amount?

Accepted Answer

Yes, you can modify your SIP amount. Most mutual fund companies allow you to increase or decrease your SIP amount. You can do this through your online account or by submitting a request to the mutual fund company. Some funds may have minimum investment requirements.

Question 12

Can SIP be paused?

Accepted Answer

Yes, you can pause your SIP for a certain period, usually up to 6 months, depending on the mutual fund company's policy. This is known as SIP pause or SIP holiday. You'll need to inform the mutual fund company in advance to pause your SIP.

Question 13

How many SIPs can I skip?

Accepted Answer

The number of SIPs you can skip depends on the mutual fund company's policy. Some allow 1-2 missed payments before the SIP is cancelled, while others may have more flexible policies. It's best to check with your specific mutual fund company for their policy on missed SIP payments.

Question 14

What is SWP in mutual funds?

Accepted Answer

SWP (Systematic Withdrawal Plan) is a facility that allows investors to withdraw a fixed amount from their mutual fund investments at regular intervals (monthly, quarterly, etc.). It provides a steady income stream while your remaining investment continues to grow.

Question 15

How does SWP work?

Accepted Answer

In SWP, you invest a lump sum in a mutual fund and set up regular withdrawals. The fund house redeems a fixed number of units periodically to provide you the withdrawal amount. The remaining units continue to be invested and can potentially grow, depending on market performance.

Question 16

Is SWP better than FD interest?

Accepted Answer

SWP can be more tax-efficient than FD interest, especially for long-term investors. FD interest is taxed at your income tax slab rate, while SWP withdrawals from equity funds held for over a year attract lower long-term capital gains tax. However, SWP returns are market-linked and not guaranteed like FD interest.

Question 17

Can I change my SWP withdrawal amount?

Accepted Answer

Yes, most mutual fund companies allow you to modify your SWP withdrawal amount. You can increase, decrease, or even pause your withdrawals by submitting a request through your online account or contacting the fund house.

Question 18

What happens if my SWP withdrawal exceeds returns?

Accepted Answer

If your withdrawal amount is higher than the returns generated by the fund, your capital will gradually deplete. It's important to set a sustainable withdrawal rate that allows your investment to last for the desired period. Our SWP calculator helps you plan this effectively.

Question 19

Is SWP suitable for retirees?

Accepted Answer

Yes, SWP is particularly popular among retirees as it provides a regular income stream from their accumulated corpus. By investing in a balanced or debt fund and setting up SWP, retirees can receive monthly income while their remaining investment continues to earn returns.

Question 20

How does the Goal Calculator work?

Accepted Answer

The Goal Calculator takes your target amount, investment duration, and expected rate of return to calculate the monthly SIP amount you need to invest. It uses the compound interest formula to determine how much regular investment is needed to reach your financial goal.

Question 21

What rate of return should I assume?

Accepted Answer

The expected rate of return depends on the type of mutual fund you choose. Historically, equity mutual funds have delivered 10-15% annual returns over long periods, while debt funds typically offer 6-8%. For a balanced estimate, 12% is commonly used for equity-oriented investments.

Question 22

Should I account for inflation in my goal?

Accepted Answer

Yes, inflation erodes the purchasing power of money over time. If your goal is 10 years away, the actual amount needed will be higher than today's value. Use our Inflation Calculator alongside to estimate the inflation-adjusted goal amount for more accurate planning.

Question 23

Can I have multiple financial goals?

Accepted Answer

Absolutely. It's common to plan for multiple goals like retirement, children's education, buying a house, or a vacation. You can use the Goal Calculator separately for each goal and start dedicated SIPs for each one to stay on track.

Question 24

What if I miss my SIP payments?

Accepted Answer

Missing a few SIP payments won't significantly impact your long-term goal, but consistent gaps can delay your target. If you miss payments, consider increasing your SIP amount or extending the duration to compensate and stay on track.

Question 25

How often should I review my goals?

Accepted Answer

It's recommended to review your financial goals at least once a year. Changes in income, expenses, or market conditions may require you to adjust your SIP amount or investment duration. Regular reviews help ensure you stay aligned with your targets.

Question 26

What is inflation?

Accepted Answer

Inflation is the rate at which the general level of prices for goods and services rises over time, reducing the purchasing power of money. For example, if inflation is 6%, something that costs ₹100 today will cost ₹106 next year.

Question 27

What is the average inflation rate in India?

Accepted Answer

India's average inflation rate has been around 5-7% in recent years. The Reserve Bank of India (RBI) targets an inflation rate of 4% with a tolerance band of ±2%. For long-term financial planning, using 6-7% as an estimate is a reasonable approach.

Question 28

How does inflation affect my savings?

Accepted Answer

Inflation erodes the purchasing power of your money. If your savings earn less than the inflation rate, you're effectively losing money in real terms. For instance, if you earn 4% in a savings account but inflation is 6%, your real return is negative 2%.

Question 29

How can I beat inflation with investments?

Accepted Answer

To beat inflation, invest in assets that historically deliver returns above the inflation rate. Equity mutual funds, stocks, and real estate have typically outpaced inflation over long periods. A diversified portfolio with a mix of equity and debt can help you stay ahead of inflation.

Question 30

Why should I use an Inflation Calculator?

Accepted Answer

An Inflation Calculator helps you understand the future cost of your current expenses. This is essential for retirement planning, children's education planning, and setting any long-term financial goal. Without accounting for inflation, you may significantly underestimate how much you'll need in the future.

Question 31

Does inflation affect all expenses equally?

Accepted Answer

No, different categories of expenses experience different rates of inflation. Education and healthcare costs tend to inflate faster (8-12% annually) than general expenses. When planning for specific goals like education or medical needs, it's wise to use a higher inflation rate.

Question 32

I have less than ₹4 lakhs income. Do I need to file tax returns?

Accepted Answer

If your total income in India is below ₹4 lakhs, filing a tax return is not mandatory. However, if Tax Deducted at Source (TDS) has been deducted on deposits or property sale, you can file your ITR to claim a tax refund.

Question 33

Can I switch between new and old tax regimes every year?

Accepted Answer

Yes, you can switch between the new and old tax regimes every year. The new tax regime offers lower tax rates but removes certain deductions. You can choose the regime that is more beneficial for you each year.

Question 34

Can I claim HRA under the new regime?

Accepted Answer

No, you cannot claim HRA under the new regime. The new tax regime does not allow for any deductions, including HRA. If you want to claim HRA, you need to opt for the old tax regime.

Question 35

Which ITR form should an NRI File?

Accepted Answer

ITR-2 can be filed for most NRIs with income from capital gains, rent, interest, etc. ITR-3 can be filed for NRIs with investments in the NRI has income from business or profession in India.

Question 36

Are NRI deposits taxable in India?

Accepted Answer

NRE Fixed Deposits are fully tax-free in India. NRO Fixed Deposits are taxable as per applicable NRI income tax rules.

Question 37

Who is the best mutual fund distributor in Thrissur?

Accepted Answer

Kashly is a premier mutual fund distributor in Thrissur, Kerala, offering personalized investment services, wealth management, and portfolio diversification strategies tailored to local financial goals.

Question 38

How can I invest in mutual funds in Kerala through Kashly?

Accepted Answer

You can invest by visiting the Kashly office in Thrissur, completing a simple digital KYC process, and selecting from curated equity, debt, or hybrid mutual funds.

Question 39

What investment services does Kashly offer in Thrissur?

Accepted Answer

Mutual fund distribution
Systematic Investment Plan (SIP) setup
Tax-saving (ELSS) financial planning
Local portfolio review consultations

Frequently Asked Questions

Getting Started with Kashly

Mutual Funds & SIP

Systematic Withdrawal Plan (SWP)

Goal Planning

Inflation Planning

Taxation & NRI Tax Queries

Investing in Thrissur & Kerala