Everything you need to know about Finance And Economy

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

HDFC Bank, Infosys and Kotak Mahindra Bank ended up 1-1.6 per cent. source https://economictimes.indiatimes.com/mf/mf-news/small-midcaps-slide-with-rupee-in-risk-averse-market/articleshow/64788748.cms

If you  may lose your job. If, for a few months, the you do not receive a regular income, how will you subsistence needs be met? This is the reason that contingency funds are important in the financial plan. The contingency funds should help you tide over loss of income for a few months. If you are likely to get alternate jobs very quickly may require contingency funds equivalent to 3-4 months of normal expenses. However, with skills that have limited role in the market may require contingency funds equivalent to 9-12 months of normal expenses. The contingency funds need to be parked in debt assets that can be quickly and efficiently sold to generate the liquidity. Liquid funds and bank deposits are ideally suited for parking the contingency funds.

Economic environments and markets are dynamic. Predictions about markets can go wrong. With a prudent asset allocation, the investor does not end up in the unfortunate situation of having all the investments in an asset class that performs poorly. ‘Don’t put all your egg in one basket’  ~  ~ Warren Buffett  It equally applies to investments. Asset allocation may not give the investor the best return available in the market, but the investor will not also get the worst returns or see his capital getting wiped off During the recessionary situation in 2007-09, equity markets in many countries fared poorly, but gold prices went up. Thus, an investor who had invested in both gold and equity, earned better returns than an investor who invested in only equities. Investment in only gold would have given even better returns, but it is not possible to consistently identify the single asset class that will offer the best returns over the investment horizon. Hence, there is a ne

India’s wealthy population records growth of 21%, twice global average:Report The super rich in the country belonging to the trophy (USD 500 mn + category) also grew by 18 per cent between 2016 and 2017 marginally above the global (11%) and the Asia average (16%). By the end of 2022 India is projected to have 340 individuals in this category at a growth rate of 70 per cent, the report said. Mumbai ranks 47th on the ‘city wealth index’ among 314 global cities. India’s financial capital Mumbai is ranked 47th on the city wealth index among 314 global cities and is also among the top 20 most costly global cities. Mumbai and Delhi are also among the top 10 markets to witness the highest addition in households earning more than USD 250,000 annually between 2017 and 2022,  Mumbai is ranked 47th on the Knight Frank City Wealth Index among 314 global cities. The index is drawn from four major indicators such as wealth, investments, lifestyle and future. In terms of wealth alone wher

You can now Withdraw 75 Percent Of PF Balance After 30 Days Of Unemployment As per the existing rules, the EPFO members are entitled to withdraw their entire balance after two months of unemployment. This provision, however, continues to stay. "EPFO extends additional facility to unemployed members to avail non refundable advance upto 75 % of outstanding balance in case of unemployed for more than a month. Existing provision of complete withdrawal after two months of unemployment remains unchanged,"   Apart from being unemployed for two months, you are permitted to withdraw their PF balance for purposes such as purchase/construction of house, repayment of loan, for marriage of self/daughter/son/brother, for medical treatment of family member, as per the provisions of Employee Provident Fund Scheme 1952. However, for each type of partial withdrawal, the amount varies and some specific criteria need to be met. For instance, for the purpose of marriage, an employe

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

Hi Readers, very warm welcome to all of you. In this blog session we will discuss about financial planning. Everyone has needs and aspirations. Most needs and aspirations call for a financial commitment. Providing for this commitment becomes a financial goal. Fulfilling the financial goal sets people on the path towards realizing their needs and aspirations. People experience happiness, when their needs and aspirations are realized within an identified time frame. What is Financial Planning? 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 Objective of the Financial Planning: 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. This would help the investor realize his aspirations and experience happiness. How to a

Get your credit score free of cost on WhatsApp Yes, you heard that right. A credit score is based on your credit history, like repayment of EMIs and credit card dues. A good credit score can boost your bargaining power when you go for a loan, especially big-ticket loans like a home loan. Some banks even offer lower rates to individuals with high scores. Fintech startup Wishfin has gone a step ahead and partnered with Transunion Cibil to provide credit scores through WhatsApp. NOW THE QUESTION IS, HOW I CAN AVAIL FREE CREDIT SCORE ON MY WHATSAPP? Don’t worry, We will surely help you with that. You are required to either give a missed call on 8287151151 or enter your mobile number on Wishfin’s website. Following this, you will get a WhatsApp message from a verified business account “ Wishfin CIBIL Score ”. You are required to follow the instructions and share your name, date of birth, gender, address, permanent account number or PAN and email

Should you invest in Follow-on Fund Offer of Bharat-22 ETF? “ Retail investors to get a 2.5% discount on the NAV, low expense ratio of just 1 basis point and high dividend yield of 2.6% in comparison to the Sensex stocks which stands at 1.14%,” What is Bharat 22 ETF? The foundation of Bharat 22 ETF was laid by government in the Union Budget 2017 as a vehicle to achieve its divestment target. It's New Fund Offer (NFO) in November, 2017 was oversubscribed with 3.35 lakh applications, amounting to Rs 32,000 crore. It has now come up with a Further Fund Offer (FFO) to raise Rs 6,000 crore, plus any additional amount, subject to the Government's approval. Bharat 22 ETF is an open-ended exchange traded fund which will invest in similar composition and weightages as they appear in Bharat 22 Index. The FFO is open for subscription from June 20 to June 22, 2018 for retail investors. Applications to invest in Bharat 22 ETF through FFO can be submitt

Govt offers discount of 2.5% to investors on Bharat 22 ETF Six months after the first further fund offer (FFO) of Bharat 22 ETF, the government has decided to raise some more capital through the ETF route with Bharat 22 ETF. In the latest development, ICICI Prudential MF has announced the FFO of Bharat 22 ETF from June 19 to June 22. Investors will get a discount of 2.5% on the second tranche of Bharat 22 ETF during its FFO. This FFO is part of the government of India's overall disinvestment program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, using the ETF route. The AMC proposes to raise up to Rs.6,000 crore in this FFO with an option to retain oversubscription, subject to Government of India’s approval. "The success of Bharat 22 ETF NFO managed by ICICI Prudential AMC highlighted investor confidence in the India growth story as represented by the industry leading stocks of the ETF. The NFO was over

If you've still not made your tax investments for this fiscal year, here are two schemes that may offer you additional benefits over and above the limit of Rs. 1,50,000 that is allowed under Section 80C of the Income Tax Act. National Pension System (NPS) and Atal Pension Yojana (APY) are two options for you. Both are government-run pension schemes with different features. While Atal Pension Yojana is focused on the unorganized sector, NPS is for all. Besides, entry age, contribution, returns and tax treatment are different too. Financial planners say one should make a decision based on the features that suit them best as per their personal needs. But to be able to make that decision, one has to learn the basic differences between pension schemes APY and NPS. Atal Pension Yojana (APY) National Pension System (NPS) Age The minimum required age to subscribe to both the Atal Pension scheme and NPS is 18 years. However the upper age limit varies. F