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Finance Forum India

Share your thoughts on finance education, economic developments, capital markets movements or your professional experience in the field of finance.

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Rachita Kotian is an independent blogger and writing has been her passion for a long time. A literature major, she loves exploring the world of health, lifestyle, travel and finance. When she’s not writing, she’s most likely listening to music, cooking, surfing the web, or catching up on the latest flick.

Saving for an Emergency

Building an emergency fund is one of the most important financial goals. Emergencies are unpredictable and may result in a huge strain on your finances. An unexpected illness, emergency home repairs, unfortunate accident, or a sudden job loss may derail your financial stability. You may need finances for other emergencies such as tax liability, vehicle breakdown, family crisis, or funeral expenses of a loved one, among others. Though emergencies may not be avoided at all times, the best you may do is be financially prepared. You may, therefore, build an emergency fund in order to deal with unexpected events that life...
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How to Hold Your Shares in Digital Format

The stock market is considered as a lucrative investment option. To add to the convenience and ease of trading, investors can invest online and manage their portfolio. Earlier, investors had to manage physical certificates and the entire process of buying and selling of shares took place through stock market brokers. It is now possible to maintain the shares in an electronic format. The process of transferring the physical certificates into a digital or an electronic form is known as dematerialization. Investors are required to open a demat account with the bank and the account can be used for multiple security transactions....
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Bandhan SWP by SBI Mutual Fund – Investment Solution for Family

Given the compulsions of today’s day-to-day life, one in general finds it difficult to manage work and family life. The commitments at work or business front, at times results in loss of lack of time for our commitment towards the family members, especially more so when they are completely dependent on us for their financial needs. Take for instance, Mr. X has worked hard to ensure that he and his family is financially secured. Today his parents who are retired and his child who is completing his higher studies depend on him for their regular financial needs. However, Mr. X even...
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3 mistakes women investors make

Everyone makes mistakes. That’s why we have the saying: To err is human. Thomas Alva Edison apparently made failed more than a thousand times before he invented the light bulb. If Edison himself made so many mistakes, it is not surprising that the rest of us make mistakes too. And when it comes to finance and investing, people make all kinds of mistakes: over confidence, lack of knowledge, not doing careful analysis before investing and so on. However, there are a few mistakes that are more common among women. Here are three mistakes you can avoid if you are a female...
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List of Documents Required to Open a Demat Account in India

“A Demat account is an account that allows investors to hold their shares in an electronic form.” It’s just like a bank account, wherein you hold all your money and cash transaction entries occur in a bank passbook. Similarly, in a Demat account, certificates of financial instruments like shares, government securities, bonds, mutual funds, etc. stay in electronic form and are debited or credited subsequently. This type of trading account can be opened with zero balance of shares. The procedure to open a Demat account is almost the same across different firms and institutions. Opening an online Demat account is extremely...
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COMPARING PERSONAL LOANS AND CREDIT CARD LOANS

All of us would like to be in a position such that we never have to go into debt or borrow any money at all. However, that is often not the case. We need to take out loans for a variety of purposes, be it paying for education, a vacation, a wedding, home renovation, etc. Some of them require a large loan amount, and some of them require a smaller loan amount on an immediate basis.   When thinking on loans, most people immediately look at personal loans. It’s true that you can get a personal loan to pay for a...
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Importance of Cardiac Care and Cancer Care Insurance

If you are planning to buy a health insurance plan, heart and cancer insurance plans are worth considering. The past few decades have witnessed a rapid increase in heart ailments and cancer, which are largely attributed to one’s lifestyle. As per latest statistical estimates, the prevalence of lifestyle diseases in India is increasing rapidly. One out of four Indians is at the risk of developing cardiovascular ailments or cancer before the age of 70. Given the high incidences of cardiac ailments and cancer, cardiac and cancer care insurance have emerged into the spotlight. The treatments costs for cancer and heart disease...
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Things to Keep in Mind While Buying Health Insurance for Parents

Mr. Suresh Iyer, a 29-year old working professional, covered his parents under a health insurance plan. One year into the policy, his father suffered from a medical ailment, which required hospitalization. The medical expenses amounted to INR 2.25 lakh. Given that Mr. Suresh's father was covered, Mr. Suresh did not have to make any out-of-pocket medical expenses. His father, therefore, received quality treatment without worrying about arranging for finance. Like Mr. Suresh, you too may cover your parents under a mediclaim policy. There are numerous providers, who offer health insurance for parents. Such a plan helps to combat rising medical inflation...
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Start An SIP Today TO Free Your Child From Getting An Education Loan In The Future

Your children have a better opportunity to seek higher education in several foreign and domestic universities. Parents must start saving for their children’s education early to ensure they have the required corpus to meet the expenses. However, saving for your children’s education must not mean ignoring other goals, such as your retirement. You must differentiate between short-term and long-term goals. An important long-term goal is retirement and you must never compromise on saving for it. This is because any shortfall towards paying for your children’s education may be funded through a loan. However, any shortfall in your retirement corpus is not...
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An Ivy League is Not Financially Out of League with Proper Mutual Fund Investment

For an average Indian household, children’s education continues to be one of the biggest expenses. Education costs are constantly rising and planning for this outflow is very important. Lifestyle inflation also affects the cost of your child’s education. As living standards become higher, parents want to send their children to the best institutions. Furthermore, children grow up in a certain atmosphere and do not want to attend government institutes that do not offer the latest and best technologies. In this situation, financial planning is crucial to ensure your child’s education is not compromised. You may be able to build the required...
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