What is a Credit Score? A credit score is a numerical representation of a person’s creditworthiness derived from their financial history. In India, Credit Information Bureau (India) Limited (CIBIL) is the most widely recognized entity that calculates credit scores, ranging from 300 to 900. Credit bureaus evaluate factors like your loan payment history, type and … Continue reading Understanding Personal Credit Score: A Complete Guide
As we say goodbye to the year 2022 and welcome the new year 2023, a study on the performance of the benchmark indices on the Bombay Stock Exchange over the last two decades has revealed that BSE Sensex has given a compounded annual growth rate(CAGR) of 13.23%, the BSE Midcap index has given a CAGR of 18.16% and BSE small … Continue reading Equity, a must have in every Investment Portfolio
Markets have been undergoing severe correction for over a few months now. The Nifty benchmark index has corrected by more than 20% from its all time high and the broader market has seen much worst carnage wherein the good quality stocks have corrected by 40-50%. Ongoing correction in the market is attributable to high inflation … Continue reading How does High Inflation Affect the Financial Markets?
The, Stock Market, both Nifty and the Sensex made lifetime highs last month by touching 17932 and 60,303 respectively. These benchmark indices have given 131% and 118% returns respectively from their Mar/Apr 2020 lows. The market’s recovery has been very sharp and almost vertical, not giving many opportunities to enter. During such times, a better … Continue reading Stock Market: All-Time High… How to Invest through SIP?
In the last three months or so, ever since the lockdown has been enforced all across the world, the household savings rate has gone up substantially despite an increase in unemployment/loss of income. No outdoor eating /parties/movies, no shopping other than necessities, no travel are the main contributors. Why do we have to save money? … Continue reading Why Do We Save and How Should We Invest?
You want to become rich! Make your money work for you 24×7, 365 days a year. Do we know how people become rich? They invest money in creating assets and poor people create liabilities. So before we proceed, let’s understand in simple language what is an asset and a liability An asset is anything that puts money … Continue reading Make Your Money Work For You!