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Showing posts from March, 2023

Importance and Calculations - Stock Market Index

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What do understand by Stock Exchange? A stock market is a company that runs a market where equities are offered for sale and bought. If a company’s shares are bought and sold at a stock exchange, then such a company is called a "listed" Company. One Country can have more than one stock exchange. The Bombay Stock Exchange (BSE) and India's National Stock Exchange of India (NSE) are the two well-known stock exchanges in India. Sensex and Nifty A brief overview of the significance and calculation of the stock market indices. The Sensex, also known as S&P BSE Sensex, S&P Bombay Stock Exchange Sensitive Index, or BSE 30, is a free-float market-weighted stock market index made up of 30 well-enough and fiscally responsible companies listed on the Bombay Stock Exchange. The Nifty is another well-known market index in India. The Sensex is regarded as the beating heart of India's local stock markets; it was first published on January 1, 1986. The Sensex is one of the ol

AN AGENT OR BROKER - WHOM SHOULD WE BUY INSURANCE FROM

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It is important and challenging for a novice to choose between an agent, broker, and internet platform while buying insurance coverage, as stated in the article's description. Insurance is a very basic product that entails paying a premium to cover the risk and receiving reimbursement from the insurance company in the event of an incidence that is covered. It is similar to when a customer exchanges money for products or services. Just in any other business, we see customers buying and selling items and services. Since it depends on factors beyond the consumer's control, the predicted insurance payout fluctuates. Even though dealing with insurance companies can be difficult and the subject is complex, most individuals are aware of this. It's simple to comprehend why. When and if it pays out, the amount will be considerably larger than the premium the policyholder paid, thus the insurance company will make sure that the amount released is justified. This is why interacting wi

How to buy life insurance under the Married Women's Property Act, 1874

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Regardless matter whether it was a gift from her parents or something she worked hard for, we presume that a married woman can own and manage her property without the help of her husband. This wasn't always the case. Upon marriage, a wife typically transferred her ownership and management rights to her husband. A significant piece of law addressing this unfairness, the Married Women's Property Act, was passed in 1850 as a result of the early 1800s campaigns by several women's rights organizations. For the first time in recorded history, a wife was able to own and manage property without the support of her husband. This change was rapidly followed by other nations, and in 1874 India implemented a statute that was practically equivalent. In light of the history lesson that was just provided, what significance does this have in terms of life insurance? Even if you have a life insurance policy in place and you die away, your loved ones might not always get the insurance payout.

Mutual Fund vs. ETF: What's the Difference?

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ETF vs MUTUAL FUND The popularity of exchange-traded funds (ETFs), one of the best investing options, has increased recently. These funds, which combine client assets to purchase a wide portfolio of bonds and stocks, could resemble mutual funds to the uninitiated. But what precisely divides the two? Mutual funds and ETFs don't differ all that much from one another. One of the key distinctions between the two is that, in contrast to a fund management business that offers mutual funds, ETF shares can be purchased through a brokerage, much like stocks. In many ways, ETFs function like index funds. These funds appear to be a list of investments instead. Depending on their preference, the customer can choose between ETFs and mutual funds. Purchasing an ETF is simple and practical if he or she already has a brokerage account. If a shareholder lacks a brokerage account, a mutual fund is recommended. What is ETF? The stock market is where exchange-traded funds, or ETFs, are traded as finan

How to Set Financial Goals

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What is Financial Planning? To accomplish one's personal financial goals and life objectives, one must follow a rigorous, step-by-step process called financial planning. The journey toward your future financial objectives, successes, and accomplishments might be aided by a financial plan. In order to manage your money effectively and accomplish your goals within the allotted time, it is helpful to keep track of your income, expenses, and assets. You should develop financial goals that are SMART (specific, measurable, achievable, relevant, and time-bound). Benefits of Financial Planning as mentioned below - Setting short-term, mid-term, and long-term financial goals.  Increase life savings by deciding on discretionary income to save. Improve the standard of living with good financial planning without compromising the current lifestyle Crisis management with the help of a contingency fund. One must make sure to have an emergency fund that is at least equal to six months' worth of

Everything you want to know about Financial Advisor

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Who is a Financial Advisor? A financial advisor is a financially educated intermediary in the industry that provides time-to-time guidance on how and when to save money and/or make investments. The advisor also makes recommendations of a comprehensive financial plan and/or for particular investments that should be made as part of that plan. A financial advisor helps us in managing our finance and resources in the best possible way including how to choose the best financial instrument, how much money to invest, how frequently to analyze, and, if required, remedial actions in case of adversity. Role of Financial Advisor in our life: A qualified advisor will always safeguard your interests and will never let you go bankrupt even in the worst market situation. He will always help you withstand the uncertainties of the market. He will never let go of your hands during crisis. They are domain expert on managing your personal finances through the best available financial planning tools availa

What are Balanced Mutual Funds

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 MUTUAL FUND – SINGLE SCHEME WITH BALANCED FUND OPPROTUNIY WHAT ARE MUTUAL FUNDS? Mutual fund is a financial instrument for pooling of money from investors sharing a common objective and invests the money in equities, bonds, money market instruments etc. The entire pool of money in mutual fund is managed by professional fund manager. The income / gains from this collective investment are distributed proportionately among the investors after any relevant costs and levies are taken into account by calculating a scheme's "Net Asset Value," or NAV. WHAT IS NET ASSET VALUE “NAV” The unit price of a mutual fund scheme is called. Mutual funds are bought or sold on the basis of NAV. NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on a given date.  For e.g., If the market value of securities of a mutual fund scheme is ₹200 lakh and mutual fund issued 10 lakh units of ₹ 10 each to the investors, then the NAV per unit of