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Month: May 2023

How brokerage charges are calculated in the Stock Market

How brokerage charges are calculated in the Stock Market

Business
Brokerage charges play a crucial role in the stock market, as they directly impact the profitability of investors and traders. Understanding how brokerage charges are calculated is essential for anyone looking to trade or invest in stocks. In this article, we will explore the diverse types of brokers, delve into the concept of brokerage charges, and discuss how they are calculated, taking a range of factors into account. Types of Brokers: Before diving into brokerage charges, it is important to understand the two main types of brokers in the stock market: full-service brokers and discount brokers. Full-Service Brokers: Full-service brokers provide a wide range of services to their clients, including investment advice, research reports, and personalized support. These brokers typica...
A Guide To Decreasing Term Insurance

A Guide To Decreasing Term Insurance

Business
When you first register for a term plan, the need may seem dire. This might be when your children are young, and you are stressed about how they will manage their finances when you are not around. But once they have grown up, this dependency decreases with age. Your children may start to recognize their responsibilities, earn a sufficient income and require less of your financial resources. This is when a decreasing term insurance can be useful. What Is A Decreasing Term Plan? A decreasing term insurance plan is a form of term insurance where the term insurance you signed for begins to decrease as time passes. This implies that the premiums you pay may become a lot more affordable, and the sum insured may reduce too. Who Should Buy A Decreasing Term Plan? A decreasing term plan ...

Expert Tips for Sending Money to India from USA

Finance
If you're an NRI in the USA, it's only natural to want to support your family back home. You may want to send money to India from USA to provide financial assistance to your parents, siblings, or other relatives. You many even want to invest in various financial products or real estate in India. In such cases, you will need to transfer money to make the required investments. But let's face it, transferring money to India from the USA can be a daunting task, especially if you're new to the process. Don't worry though, because we've got you covered with some pro tips that will make sending money to India a breeze. Choose a Trusted Money Transfer Service Send money via a trusted service that has a good reputation. Look for reviews from other customers and check if the service is regu...
Why Do We Need a Sinking Fund? How to Establish a Sinking Fund and the Various Options Available

Why Do We Need a Sinking Fund? How to Establish a Sinking Fund and the Various Options Available

Business
If you click on one of our partners' links and make a purchase, we may earn a fee, but this in no way affects our reviews or recommendations. This content is created independently from TIME's editorial staff. Learn the details. Traditionally, businesses have used a "sinking fund" to set aside money on a regular basis in order to retire a bond or repay a debt. Using a sinking fund will reduce the amount that the company must pay out of pocket when the loan matures. However, the same method may be used to save money and avoid utilising credit cards or an emergency fund for unexpected expenses or large expenditures. Companies aren't the only ones that may benefit from sinking money; people can do the same. In any case, what is the definition of a "sinking fund"? The term "sinking fund" r...
How to open an individual current account in a bank?

How to open an individual current account in a bank?

Finance
Opening a individual current account in a bank is a straightforward process that puts you in control of your money like never before. You will have peace of mind and convenience with many benefits and features designed to suit your financial needs. Let's dive into the simple steps to open the best current account and unlock a world of financial possibilities!  What is a current account? A current account is a bank account that is primarily used for business or professional purposes. It allows unlimited deposits, withdrawals, and transfers and provides various features like an overdraft facility, cheque book, and online banking. A current account is typically used by individuals or entities who must carry out multiple transactions regularly and require more flexibility in managing the...
How Does Brainstorming Work On A Starting Business?

How Does Brainstorming Work On A Starting Business?

Business
Brainstorming is a creative problem-solving technique that involves generating a large number of ideas or solutions to a specific problem or question. It is a collaborative process where a group of individuals come together to share and explore different ideas, often in a non-judgmental and free-flowing manner. Visit the Homepage to know more in detail. The goal of brainstorming is to encourage open-minded thinking, stimulate creativity, and uncover innovative solutions by harnessing the collective intelligence of the group. Brainstorming session During a brainstorming session, participants are encouraged to think freely and generate as many ideas as possible, regardless of their feasibility or initial perceived value. The emphasis is on quantity rather than quality at this stage, as the...
5 Differences Between Current Account and Savings Account

5 Differences Between Current Account and Savings Account

Finance
A current account and a savings account are two distinct types of bank accounts that serve different purposes. While both are offered by banks in India, they differ in various aspects. In this article, we will discuss the five differences between a current account and a savings account. Purpose A savings account is designed to help customers save money, earn interest on their deposits, and use the funds for personal expenses. The primary objective of a savings account is to encourage saving and discourage excessive spending. On the other hand, a current account is specifically meant for business transactions. Current accounts are used by businesses, companies, and entrepreneurs for their daily financial transactions, such as paying suppliers, receiving payments from customers, and mai...

Compulsory Personal Accident – Stand Alone Policy

Finance
The owner-driver of the vehicle can be the only beneficiary of Compulsory Personal Accident (CPA) cover, a separate compulsory Personal Accident policy. All vehicle owners are required by the Insurance Regulatory and Development Authority of India (IRDAI) to carry a personal accident insurance policy with a minimum insured amount of INR 15 Lakh. As of January 2019, the insured can choose to purchase a separate CPA policy rather than selecting CPA as a cover within a motor insurance policy. # This car insurance provides coverage for accidental passing away or disability that occurs while operating the insured vehicle for you or your beneficiaries. If your auto insurance policy does not include this coverage or you own many vehicles, you can purchase the standalone CPA and make a car insu...
How To Protect Your Bike From Theft In India?

How To Protect Your Bike From Theft In India?

Finance
A third-party insurance policy is now required under the motor vehicles act for all two-wheelers, and this is a good idea as two-wheelers are much more likely to be involved in accidents than other types of vehicles.  However, it is advised to purchase a thorough bike insurance online coverage if you want total protection for your bike as well. It offers coverage for events like personal injury, theft, third-party liability, and many more and safeguards your automobiles from natural and man-made disasters. Spending money on a thorough motor insurance policy is unquestionably worthwhile when you realise how often accidents and thefts involve two-wheelers. Thefts Of Two-Wheelers Are More Frequent Than You May Imagine. Lock your steering lock to prevent bike theft While you could ...
How to Select the Best Equity Funds?

How to Select the Best Equity Funds?

Finance
Choosing the right equity funds can be daunting, especially for novice investors. Equity funds are one of the most popular types of investments available and offer many benefits, such as diversification, potential for long-term growth, and professional management. However, with so many different options to choose from, it can be difficult to find the right funds that fit your needs. By understanding the basics of how to select the best equity funds, you can make informed decisions when investing in this type of fund. This article provides an overview of how to choose equity funds that are suitable for your investment goals and risk tolerance. Determine Your Investment Goals The first step when selecting equity funds is determining your investment goals. Do you want to focus on capita...