National Savings Certificate (NSC) is a tax-saving investment scheme offered by the Government of India. It is considered a fixed income, secure, low-risk scheme and is available at all Post Offices in India. The scheme’s primary objective is to build savings for average and low-income earning individuals while providing them tax benefits. In this article, let’s explore NSC, its features, how to calculate it, and NSC interest rates.
SIP in Mutual Funds vs SIP in stocks: Which is better for you? Following this route, the investors would not need to time the market, invest through a regulated approach and protect themselves during volatile times while earning better returns. The information of rising COVID cases on the other hand brings the stock market downhill. In such an erratic mode of market conditions, doing a SIP is highly recommended. Gone are those days when roti, kapda and makaan were the basic requirements of human life. With major advancements in the 21st century, the internet and SIP (Systematic Investment Plan) have got into this new list of bare essentials. We often hear the Millenials promoting “SIP it, shut it, and forget it” rather than fostering “Buy low and sell high”. Because in their belief, timing the market is way too complicated, and in most cases, it never works. Volatility in recent months has tested the patience of the market participants. The pandemic was the major cause behind this an
‘End of an Era’ – The Big Bull Rakesh Jhunjhunwala Passes Away August 14, 2022, 11:30 am by Manish Thole I am saddened by the terrible news of the passing away of veteran investor, business magnate, and stock trader Shri Rakesh Jhunjhunwala this morning. May the departed soul rest in eternal peace and may Prabhu Mahaveer give strength to his family members and loved ones. Om Shanti The man who led many young minds to start up the trading journey!! Rakesh Jhunjhunwala’s life is a lesson that good health is the ultimate wealth. Because beyond a few crores, it is just a number. This covid lockdown created a new class of homebound traders, who are not doing any physical activity. A combination of a sedentary lifestyle plus lack of physical activity plus a stressed mind is a deadly combination. A few years ago for a new year once RJ was asked what his wish was. He said, Doctors had advised his movement and to give priority to his health. He admitted he was lazy, and somehow avoiding it
Bajaj Finserv up ~4%, To Consider Stock Split and Bonus Shares Issue JUL 26, 2022 1 MIN READ Last Updated on Jul 27, 2022, by Manish Thole Bajaj Finserv’s board will convene on 28th July 2022, Thursday, to consider the proposal of a stock split of equity shares and the issue of bonus shares. The shares considered for the stock split have a face value of Rs. 5 each. On the same day, the board of directors will also consider and approve the unaudited financial results for the Q2 FY 2023. After the announcement, Bajaj Finserv’s stock price surged over 4% to Rs. 13,181 apiece on BSE on Tuesday. Bajaj Finserv will inform the board of directors’ decision to the stock exchanges on the same day. The aforesaid proposals are also subject to the approval of the shareholders. A stock split means an outstanding equity share is split to increase the total number of shares issued. While this reduces the market price of each share, it doesn’t alter a company’s market capitalization. A stock split
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