Straight answers to common questions

Start with a short conversation about your goals, income and existing savings. We then complete your KYC if it is not already done, help you choose suitable fund categories, and set up your SIP or lumpsum. Payments go straight from your bank account to the fund house.

Many mutual fund schemes allow a SIP from ₹500 a month, though some schemes set a higher minimum. Starting small is perfectly fine. What matters more is starting early and raising the amount as your income grows, which we help you plan every year.

You need your PAN card, Aadhaar or another valid address proof, a recent photograph and proof of your bank account, such as a cancelled cheque or bank statement. These are used for KYC, which is a one-time process that then works across mutual fund houses.

Begin with an emergency fund and adequate insurance, then add a SIP for a long-term goal. We explain how different fund categories behave, what risk means in plain terms, and how long you should stay invested, so your first investment is one you understand.

Yes, you can invest a one-time amount in most schemes, and many investors do both. If the amount is large and you are uneasy about market levels, a Systematic Transfer Plan can move it into equity funds in monthly steps instead of all at once.

No, a demat account is not required. Mutual fund units can be held in a folio directly with the fund house, which is how most investors hold them. If you already have a demat account, units can also be held there if you prefer.

A SIP, or Systematic Investment Plan, invests a fixed amount in a mutual fund scheme every month through an auto-debit from your bank. It builds the habit of regular investing and spreads your purchases across market ups and downs, so you do not have to time the market.

Yes, you can stop a SIP at any time, and many fund houses also allow a temporary pause for a few months. Stopping a SIP does not sell your existing units; they stay invested in your folio. Exit load applies only if you redeem units within the scheme's exit load period.

A direct plan has no distributor commission, so its expense ratio is lower and, over long periods, its returns are slightly higher. A regular plan includes the commission the fund house pays a distributor like us for our services. If you are confident choosing and reviewing funds yourself, a direct plan may suit you.

For equity-oriented funds held over 12 months, gains above ₹1.25 lakh a year are taxed at 12.5%; gains within 12 months are taxed at 20%. Gains on debt funds bought on or after 1 April 2023 are taxed at your slab rate. Tax rules change, so confirm with your tax professional.

ELSS is an equity mutual fund with a three-year lock-in that may qualify for a deduction under Section 80C under the old tax regime. Each SIP instalment has its own three-year lock-in. Section numbers may differ under the Income-tax Act, 2025, so check with your tax professional.

No, mutual fund returns are not guaranteed. They depend on the performance of the underlying shares, bonds or other assets, which rise and fall with markets. Past performance does not indicate future results, which is why we focus on time horizon, fund category and your comfort with risk.

Yes, if anyone depends on your income. SIPs build wealth over time, but they may not be large enough if something happens early. A term plan provides a large cover at a relatively low premium, so your family's goals stay funded even without your income.

We help you compare plans from the insurers we work with under our IRDAI licence, looking at cover, premium, exclusions, waiting periods and claim process. We explain the fine print in plain language, and the final choice is always yours.

Yes, we help with the claim paperwork, explain what documents the insurer needs and follow up with the insurer on your behalf. The decision to approve a claim rests with the insurance company under the policy terms, so accurate disclosure at the time of buying matters a lot.

A personal health policy is worth considering even with employer cover. Group cover usually ends when you change jobs or retire, and the sum insured may not be enough for a serious illness. Buying your own policy while young and healthy also helps waiting periods get completed earlier.

It is usually clearer to keep insurance and investment separate. Pure protection plans like term and health insurance give high cover for the premium, while mutual funds handle wealth creation. We can review your existing policies and explain what each one actually provides.

Chanakya Wealth Solutions is an AMFI-registered Mutual Fund Distributor based in Tirupati. We are not a SEBI-registered Investment Adviser. We help you choose mutual fund categories, set up and track investments, and also distribute insurance and other products where we hold the required registration.

We are paid commissions by mutual fund houses on the regular plans our clients invest in. These commissions are built into the scheme's expense ratio, not charged separately from your investment. The rates are listed on our Commission Disclosure page, and we are happy to explain them in person.

We serve families in Tirupati and nearby towns, including Tirumala, Tiruchanur, Renigunta, Chandragiri, Srikalahasti, Puttur, Nagari, Sri City and Chittoor. We also work with NRIs from the region and with clients elsewhere in India through video calls.

Yes, you can choose either. Many clients in Tirupati prefer to sit down in person, while working professionals and NRIs often find a video call easier. Documents and transactions can be completed online, so the choice depends on what is convenient for you.

Yes, NRIs can invest in Indian mutual funds after completing KYC with their overseas address and investing through an NRE or NRO bank account. Some fund houses do not accept investments from NRIs resident in the US or Canada, so we check which schemes are open to you.

We suggest reviewing your portfolio together at least once a year, and whenever something important changes, such as a new job, a child's admission or retirement. The review checks progress towards each goal and whether your SIP amounts or fund mix need adjusting.

Your money is held in your own folio with the mutual fund house, in your name. Payments go directly from your bank account to the fund house, and redemptions are paid back only to your registered bank account. As a distributor, we never hold client money.

Request a Consolidated Account Statement (CAS) from CAMS or KFintech, which lists all your mutual fund folios across fund houses. If you have a demat account, the CAS from NSDL or CDSL also shows your holdings. Checking your CAS regularly lets you verify every transaction independently.

KYC is the one-time identity and address verification required before investing, done with your PAN, Aadhaar and bank details. It is registered with a KYC Registration Agency and works across all fund houses. You only need to update it when your details, such as address or mobile number, change.

A nominee makes it much easier for your family to receive your investments if something happens to you. Without one, they may need legal documents that take time to obtain. You can add one or more nominees with percentage shares, or formally opt out, and change them later.

First contact us or the fund house directly, and most issues are resolved there. If you are not satisfied, you can file a complaint on SEBI's SCORES portal. If the matter is still unresolved, SEBI's Online Dispute Resolution platform offers conciliation and arbitration.

Start with the insurance company's grievance officer, and we will help you draft and follow up on the complaint. If it is not resolved, you can register it on IRDAI's Bima Bharosa portal. Unresolved disputes can also be taken to the Insurance Ombudsman.