Investors need to open a demat account with a Depository Participant (DP), which acts as a bridge between an investor and a depository. There are two major share depositories in India: NSDL (National Securities Depositories Limited) and CDSL (Central Depositories Services Limited). Both are registered with the government and incorporated by market regulator SEBI. They … Read more
Physical shares can be dematerialised if they have the company’s name and face value on them. To verify the physical share certificate, visit bseindia.com and enter the company name or ISIN. If the face value on the certificate does not match the current face value, clients should contact the Registrar and Transfer Agents (RTA) to … Read more
Hitachi Payment Services has announced the launch of an upgradable ATM machine in India. These ATMs can be upgraded to a Cash Recycling Machine (CRM) at any time. Manufactured under the ‘Make in India’ initiative, these ATMs offer flexibility and efficiency to banks. Hitachi Payment Services claims that this is the first upgradable ATM in … Read more
The most immediate benefit of a fixed income is its contribution to effective budgeting. With a predictable paycheck, Gen Z can allocate funds for essential expenses like rent, utilities, groceries, and transportation. This allows them to plan their spending more effectively, ensuring they can meet their basic needs without living paycheck to paycheck. Additionally, knowing … Read more
So the question is, does a smart investor need to care about the multi record breaking, American singer songwriter who seems to be unstoppable? How do you join the worldwide band of ‘Swifties’ after so many years of missing out on her music even though you are reading this for money lessons? Tortured Poets Department … Read more
In simpler terms, pig butchering is a version of smishing where scammers use social media platforms for cyber theft. As the name suggests, the victim is being ‘fattened up’ through validation and friendship before ‘butchering’ i.e. stealing of funds. A simple ‘Hi/Hello’ on a social media platform from a stranger’s profile can turn into a … Read more
A loan against demat shares is a great borrowing option due to the following factors: Easier with the same financial institution: Applying for a loan from the same financial institution that holds your demat account can make the process smoother. The institution already has your shares as collateral, which streamlines the disbursal process. It’s important … Read more
We, as an economy, are on the cusp of a future powered by artificial intelligence (AI). This year is set to experience explosive growth in areas like AI-driven quantitative investing, cryptocurrency derivatives, and quantum data analytics. As we traverse new frontiers of investment opportunities unlocked by AI, it is crucial to maintain an equilibrium. Trust … Read more
Investors’ reaction to risk or loss may vary quite differently, says Anand Vardarajan, Business Head – Banking, Institutional Clients, Alternate Products and Product Strategy, Tata Asset Management. In an interview with MintGenie, Vardarajan said that there is an ardent need to look at index funds for their underlying opportunity rather than just their low expense ratios. … Read more
As a result, you should stay true to wealth creation instead of getting carried away with the flow. Here, we list out some of the key money lessons that each investor should be mindful of. In fiscal 2025, you may want to follow these money lessons to achieve your financial goals in the long term. … Read more