@Tarun Hi, thanks for pointing out. Yes, Magadh Stock exchange was closed way back. So, we should discuss on active stock exchanges only.
Posts made by ftForumMod
RE: List of Stock Exchanges in India: How many are there?
RE: Upwardly Review: Charges, App to Invest in Mutual Funds
As of today, Upwardly has been acquired by Scripbox, the popular online investment platform.
The whole team of Upwardly will work with Scripbox now. This seems to be a big and profitable move by the acquirer since this collaboration adds to their overall market presence and customer base.
Don't you think this is a giant step, probably at the right time when other big market players like Zerodha and Paytm Money are gaining popularity? Do share your views.
RE: What are best investment options for salaried person in India?
@mohit-chauhan mutual fund investments are a way of investing into the stock markets only
How Blockchain is changing Finance Industry?
"Blockchain" the underlying technology for cryptocurrency has been the talk of the town recently. Remember the 2017 huge crypto wave i.e. Bitcoin craze that took the financial markets by surprise. Bitcoin is just one use case of this blockchain technology. There are a number of use cases of this globally distributed ledger.
Hence, there's a lot to know about this fast emerging technology.
Here, you shall know about one use case i.e. blockchain and finance. How blockchain is changing the financial industry or is ready for it?
1. Cryptocurrency: This has surely disrupted the financial markets. The use and acceptability of altcoins in some countries has made it even more popular. It is entering the payment system at a much faster pace than it was thought to be. While some other countries have plans to regulate it.
2. Banking system: The global banking system is another area which is significantly getting affected by blockchain. A good example is popular cryptocurrency called "Ripple" that easily connects payments across different networks.
3. Insurance sector & Other Financial institutions: Blockchain technology, a digital revolution that is changing the world and its impact on the financial industry is already seen. A number of global financial companies are actively testing to harness the maximum benefits of this robust blockchain technology.
There are bright chances of spreading the use of blockchain to some mainstream financial utilities.
What is your opinion on blockchain? Do you feel it as the next big thing in the financial industry around you? or Is it still in the nascent stage still to add much more to its features.
Anyways, we can't deny the fact, that this digital transformation is all set to connect users across the globe.
Let's see how fast and how far this can lead to in the coming days.
RE: Hello All, Welcome to FINTRAKK Personal Finance Forum!
FINTRAKK FORUM: IT'S COMPLETELY FREE TO JOIN An initiative to create financial awareness around! Topics explained in a simple language! You are invited to share your queries and ideas on any financial topics.
Basic investment topics as well as a bit complex ones for the common man to understand easily. Keep discussing and be a part of our growing group!
Hello All, Welcome to FINTRAKK Personal Finance Forum!
Welcome to our Fintrakk Discussion Forum
Wish to discuss any personal finance topics? Have any queries in mind on the trending news or emerging matters in the financial world? You are at the right place! Go ahead and start sharing on any hot topics in any of the following categories:
- Personal Finance
- Credit cards
- Global market
- Blockchain Technology
- Financial/Investing & Other Books
- Career in Finance/Accounting & related fields.**
Any amazing investing/other experience or important point you wish our members to know? Feel free to discuss the same!
What are you waiting for? Write your first post and be a part of our active and growing community!
RE: How to Avoid Debt Trap ?
You have a good salary and if you plan things systematically,you can easily free yourself from this debt trap.
First of all,you should focus on reducing your monthly expenses.Try saving on few major expenses like electricity,car expenses,mobile expenses etc.Even small monthly savings can a make a big difference at the year end.A bit of sacrifice for some time can help you clear off your debts and add to your overall savings.
Set a fixed budget for yourself and track your expenses and increase your savings.Once you get hold of your expenses try reducing them,this way you can easily reduce your debts.
If your loans include any credit card debt, try to clear that on priority.Avoid using credit cards,they add upon your debts anyways.
You are a family person,so you should be focusing on financial security of your family as well.
Besides lowering your debt burden,start planning for your long term objectives also.Plan your investments in proper manner so as to get good returns in the long run.
So,if you plan things wisely, it won’t be a difficult task for you to improve your finances and regain your normal financial situation back.You are already earning a good sum,just a bit of money management is required.Hope this helps ! For any further queries feel free to ask.
RE: Portfolio Plan for Rs 5 Lac Corpus
Let us analyse your queries one by one :
1.Whether you should take a separate health insurance? This depends on what kind of insurance cover your company is providing you.Is it enough to cover any kind of medical expenses? How much cover they are providing ? If the insurance cover by your Co.does not seem adequate,then you should consider taking a separate health insurance plan.
2.Putting some of your money in Fixed deposits and Liquid funds are 2 ways to invest money to meet your short term goals.
You are already investing in PPF,so if you can afford to take some risk,investing in Mutual funds is a good way to grow your money.Seeing the rising inflation,mutual funds can beat inflation in the long run.
Debt funds are safer than equity funds.The kind of investment you make is based on your age,your risk appetite and investment horizon.
ELSS is also good investment option with a minimum lockin period of 3 years.However,based on past data,ELSS normally performs well if money is invested for longer duration.
Hope this clarifies ! For any further queries,feel free to ask.
Lemon Tree Hotels IPO : Date, Allotment, Listing, Review
Lemon Tree Hotels is a pioneer in mid range price hotel options and is third largest chain in terms of number of rooms owned or leased. The company was incorporated in 1992 in Delhi. The company operates hotels across the India in the small, mid sized and metro cities alike like Delhi NCR, Chandigarh, Jaipur, Indore, Bangalore, Mumbai, Pune, Aurangabad etc.
Owing to various segments of the middle class, the company operates following 3 brands for the following segments of users:
Lemon Tree Premier: For the middle-upscale guests who can spend more for strategic locations and better service.
Lemon Tree Hotels: Targets mainly upscale users who want value for money features
Redfox : Mainly targeting the economy class
Mr. Patanjali Govind Keswani and SMSPL are the main owners in the company. SMSPL is the company formed Mr Patanjali Govind Keswani and operates designing, managing, supervising and executing hotel projects
IPO Open: Mar 26, 2018 - Mar 28, 2018
IPO Size: 185,479,400 Equity Shares of Rs 10 aggregating up to Rs 1,038.68 Cr
Face Value: Rs 10 Per Equity Share
IPO Price: Rs 54 - Rs 56 Per Equity Share
Market Lot: 265 Shares
Minimum Order Quantity: 265 Shares
RE: ICICI Securities IPO: Review, Details, Propsectus
Yes, its definitely a good IPO for the medium to long term investors. I might not flip in the short term though.
Disclaimer: All the thoughts here are for informational purpose only. Please do your own due diligence before investing.
RE: NRI/OCI Investment Options in India
An OCI card holder is treated at par with Non Resident Indian or NRI for financial and educational matters. Only few mutual fund houses allow NRIs from US to invest in mutual funds.While investing in mutual funds you need to comply with KYC requirements as well as FATCA Compliance is required.For investment options, you can check our detailed posts for NRIs : http://fintrakk.com/best-investments-for-nri/ and http://fintrakk.com/how-can-nri-invest-in-mutual-funds-in-india-us-canada-other-nris/
For NRIs global income is taxable in India. As far as paying taxes in US is concerned, it is better to check the same with some International taxation expert.
RE: Premautre PPF Withdrawal
PPF is a long term investment option.You cannot withdraw the complete amount before maturity i.e.15 years.However,partial withdrawal is allowed subject to financial emergencies.The partial withdrawal can be done from beginning of 7th financial year.The maximum amount of partial withdrawal can be 50% of the closing balance in the PPF account in the end of 4th year coming before the year of withdrawal.
W.e.f.1.4.16 PPF account can be closed before maturity.But this is permitted only in genuine cases like a serious ailment, higher education of children etc.There is a penalty of 1% also for premature closure.
ICICI Securities IPO: Review, Details, Propsectus
ICICI Securities is the financial services arm of ICICI and is bring up much awaited IPO. It is one of the India's earliest full service discount brokers. ICICI Securities offers many services through its platform ICICI Direct and through other means. The services offered include Stock and Commodity Trading platform, Bullion trading platform, derivatives, mutual funds insurance etc to the retail investors. It offers a Buffet of services to the corporate customers as well such as investment banking etc.
IPO Open: Mar 22, 2018 - Mar 26, 2018
› Offer for Sale of 77,249,508 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
Face Value: Rs 5 Per Equity Share
Issue Price: Rs 519 - Rs 520 Per Equity Share
Market Lot: 28 Shares
Minimum Order Quantity: 28 Shares
Listing At: BSE, NSE
What do you think about ICICI Securities IPO ? Are you going to invest ?
What is CIBIL? How to improve CIBIL score?
CIBIL is a 3 digit numeric code, a database of your credit information. A set of your past credit records and a criteria to know your credit worthiness. Banks and NBFCs primarily check your CIBIL score before approving your loan or credit card. Having a good CIBIL score can help you fetch good loans and credit cards.