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FINANCE TIP OF THE DAY
Can you afford your loan?!
Know the quantity of loan you can afford. The banks may sanction loan based on your income but you should look at your monthly expenditure and see if you can afford the maximum that banks offer. As a thumb rule, remember not to let your credit exceed 40% of your income!
Search Results for: share account
Understanding how a demat account functions
A Demat account is very similar to a bank account. In bank accounts you electronically hold money, whereas in Demat accounts you electronically hold shares. All buying and selling of shares happens through a Demat account. The Securities and Exchange Board of India (SEBI) mandates a demat account for share trading above 500 shares. With growing financial awareness, more and more people now want to dabble in the share market. To do this, o…
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Know the key ratios to choose the right stocks!
P/E ratio (Price Earnings Ratio) shows what the market thinks about the earnings potential and future business forecast of a company. Companies with high P/E ratios are the darlings of the investors and thus enjoy a higher market rating. In order to use the P/E ratio properly, take into account the future earnings and growth projections of the company. Looking to buy stocks but are not aware of how to select them? Are you confused by the vario…
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Posted in Insurance, Money management
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Demat account demystified – Part 1
…screen-based trading and depositories as the ultimate answer to all such reforms and eliminate various bottlenecks in the capital market, particularly, the clearing and settlement system in stock exchanges. What is a Demat Account? The term Demat Account, in India, refers to a dematerialized account. For individual Indian citizens to trade in listed stocks or debentures the Securities Exchange Board of India (SEBI) requires the investor to …
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Should you rely on EPS for stock performance?
here denotes the part of the company’s income that rightfully belongs to the shareholders. It is obtained by subtracting preferential dividends and the taxes levied on them from the net profit and loss after taking into account special income and expenses incurred during the financial year. EPS is one of the most common terms used in conjunction with stock selection. Many stock analysts focus a lot on this term, in order to recommend stock…
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Trust EPS, `Earnings per share’ for investing?
…vailable shares can differ due to the company buyback of shares, rights and bonus issues, conversion of debt into equity etc. This can ultimately dilute the value of your holdings. So in order to take these variations into account, the notion of diluted EPS was developed. There can be difference in the actual EPS and diluted EPS. E.g. if the EPS of the stock is Rs. 5, and the company issues bonus shares in the ratio of 1:1, the no of share…
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Help yourselves understand the budget better!
cial statement to Parliament, which is nothing but a statement that includes the income and expenses of the country for that financial year. It is divided into three parts namely Consolidated Fund, Contingency Fund and Public Account. BUDGETARY DEFICIT This is nothing but the difference between the Revenues and Expenses projected in the budget. If the Expenses exceed the revenues, the we are faced with a deficit. BUDGET ESTIMATES This is an appro…
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Posted in Featured articles, Union Budget 2012
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All You Need to Know About Senior Citizens’ Savings Scheme
…ost office monthly income scheme or the Senior Citizens Savings Scheme are preferred and suitable savings’ avenues for senior citizens. Under Post office monthly income scheme, there are options where an investor can open the account individually, jointly by two or three adults and even a minor, with the help of a guardian. In the case of Senior Citizens’ Savings Scheme (SCSS), an investor can open his/her account either individually or jointly w…
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How to reduce tax when you sell your shares!
…09 at a price of Rs. 500. On 10th March, 2010, the company reduced the face value of the share to Rs. 5. On 30th March, Anil sold off the shares at Rs. 305. The impact is as follows: Change in number of shares held: On account of the split, Anil will have 200 shares of XYZ Company and his purchase prices will now be Rs. 250 per share Tax liability on gains: Although the split has been done on the 10th of March, 2010, the date of acqu…
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Posted in Investments, Money management, Savings, Tax, Tax strategies
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The Kaduthuruthy Urban Co-Operative Bank- Loan for Small Business Enterprises
The Kaduthuruthy Urban Co-Operative Bank has a banking experience of about half a century. It was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. The Bank was successful in increasing its deposits by introducing attractive deposit schemes like Current Account, Savings Account, Fixed Deposit Account, Nithya Vardhini Deposit Account, Recurring Deposit account, Anugraha Cash Certificate, Akshya …
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THE KADUTHURUTHY URBAN CO-OPERATIVE BANK – GOLD LOAN
The Kaduthuruthy Urban Co-Operative Bank has a banking experience of about half a century. It was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. The Bank was successful in increasing its deposits by introducing attractive deposit schemes like Current Account, Savings Account, Fixed Deposit Account, Nithya Vardhini Deposit Account, Recurring Deposit account, Anugraha Cash Certificate, Akshya …
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