Trading Hours on Stock Exchanges SEBI has permitted stock exchanges to trade commodity derivatives along with other segments of securities market effective from October 01, 2018. In order to integrate trading of various segments of securities market at the level of exchanges, the following changes in trading hours has been decided/permitted by SEBI: 1) Trading hours in the Equity Derivatives Segment should be between 9:00 am and 11:55 pm, similar to the trading hours of Commodity Derivatives Segment which are presently fixed between 10:00 am and 11:55pm, provided that the stock exchange and its clearing corporation(s) have in place risk management system and infrastructure commensurate to the trading hours. 2) In case, stock exchanges are desirous of extending the trade timings beyond the extant trading hours, prior approval from SEBI shall be sought along with a detailed proposal including the framework for risk management, settlement process, monitoring of positions, availa...
Financial planning is a planned and systematic approach to provide for the financial goals that will help people realise their needs and aspirations, and be happy.The objective of financial planning is to ensure that the right amount of money is available at the right time to meet the various financial goals of the investor. A “goal-oriented financial plan ” is a financial plan for a specific goal e.g. related to the aspiration to make the son a doctor. An alternate approach is a “comprehensive financial plan” where all the financial goals of a person are taken together, and the investment strategies worked out on that basis. The costs mentioned above, in today’s terms, need to be translated into the rupee requirement in future. This is done using the formula A = P X (1 + i ) ^n For eg.,: If you are incurreing expences of Rs 50,000 p.m. today and you’d like to know the future requirement of your future expences, then the formule will be : Assuming th...
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