Basics on Indian Stock Market

22/10/2024

Overwhelmed with gratitude!

I'm thrilled to share that I've been recognized with Portfolio Management Excellence for Exceptional Management of Client Portfolios & Effective Complaint Resolution!

This achievement wouldn't have been possible without the support of my amazing team, mentors, clients and family. Thank you for believing in me and pushing me to excel!

I'm honored to work alongside such talented individuals and grateful for the opportunities that have helped me grow.

Here's to many more milestones!

06/08/2024

24/05/2024

Financial Planning is the process of making decisions about money which helps us achieve our goals.

27/10/2023

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Discover share market courses for investors and traders. Upskill your stock market knowledge with online courses for trading from Elearnmarkets.

25/11/2022

https://wallet4wealth.com/5-reasons-you-need-a-financial-advisor/

5 Reasons why you need a Financial distributor Bywallet4wealth September 18, 2022November 24, 2022 Articles Fixed Deposits Health insurance Income tax Insurance INVESTMENT life insurance Loan Mutual Funds NPS Personal Finance Real-estate SIP Stock Broking Tax Saving Term insurance Travel Insurance U...

27/04/2022

These LIC policyholders can avail Rs 60 discount on shares in IPO

The government has set the price band for the initial public offering (IPO) of state-run Life Insurance Corporation of India (LIC) at Rs 902 to Rs 949 and may offer a discount of Rs 60 to policyholders. The insurance behemoth is likely to offer retail investors and employees a discount of Rs 45 on subscribing to its shares.

According to the draft papers of LIC filed with market regulator SEBI, up to 10 percent of the shares on offer will be reserved for eligible LIC policyholders under the Policyholder Reservation Portion.
The IPO is set to open on May 4 and close on May 9. It will open for anchor investors on May 2.

Policyholders who are looking to avail the Rs 60 discount while applying for the shares have to keep the following points in mind.
It is mandatory for all policyholders to have a Demat account to apply for shares of India’s largest insurer. They will also have to ensure that the PAN information is updated in the LIC system.
Policyholders who have not updated PAN details before February 28 this year will not be eligible to participate in the IPO under the portion reserved for policyholders, the draft papers said.
Those who have LIC policies but do not reside in India or NRI policyholders are not eligible to participate in the IPO under the Policyholder Reservation Portion. Only resident Indians can apply for shares under this category.

Policyholders with lapsed policies can also apply for shares in the LIC public offer under the Policyholder Reservation Portion. The insurance behemoth will allow all policies that have not exited the LIC records as a result of maturity, surrender, or the policyholder's death to apply for the shares.
Even those policyholders who have a joint account can participate in the IPO. However, only one of the two policyholders will be eligible to apply for the shares.
Group policies do not qualify for bidding under the Policyholder Reservation Portion.

01/04/2022

Why Trading education is a must for venturing into Finance industry

Millennials are taking their first step towards learning the basics of stocks and futures. Trading should have access to multiple sources of quality education. It's quite similar to learning car driving i.e. trial & error coupled with the ability to keep pressing forth, which will eventually lead to success.

One of the great advantages of stock trading is that the trading business lasts a lifetime. An educated trader has more chances of making consistent returns and managing risks better than a novice - uneducated trader, whose approach to the stock market is only thrill-seeking.

Like any other skill-based profession, where you gain skills by learning formal manners and then continuously update yourself by educating and practising the required skills and try to be a professional trader for part-time or full-time income.

The younger generation is more open to learning and implementing new skills. They are tech-savvy and they have supportive professions for an additional cash-flow to fulfil their growing needs as they lead an upwardly mobile lifestyle with no time constraint and limited social responsibility.

This generation can look to trade both for cash inflow and wealth generation by starting at a fairly young age. They can start with Day Trading, which requires small capital or they can try Swing Trading if they are occupied during the daytime. One can also choose to take up trading as a full-time career option by opting to do Day, Swing and Positional trading for wealth creation.

01/04/2022

Need for a Nominee

In an unfortunate event of the death of the demat account holder, the assets held in the demat account have to be transferred to the legal heir. This would require a registered will, in the absence of which the entire process will be very tedious and cumbersome. In order to avoid this, a simple process of nomination should be carried out.

By appointing a nominee, in the event of death of the account holder, the assets held will get automatically transferred to the demat account of the nominee. The only document required will be a true copy of the death certificate.