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Showing posts from January, 2022

How to Invest in Stocks?

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 How to Invest in Stocks? Stock investing if done properly is the most effective way to build long-term wealth. The steps are as follows: 1. Decide your investing approach       Determine your investing approach as the first step in investment.  There are different ways to invest      in the stock market. Some invest in individual stocks other invest in index funds. 2. Decide how much you will invest in stocks     A stock market is a place where you invest money in the long term. While there is uncertainty in stock prices in the short term. There is a quick rule of thumb that can help you in asset allocation. Take your age to subtract it from 110. This is the approx percentage you should invest in the stock market.      3. Open an investment account       To buy and sell shares you need to have an investment account. To do this you should have Demat and Trading account. You can open your Demat and Trading account by clicking the below link: ✔️ https://upstox.com/open-demat-account/?f=F

ICICI Prudential Silver ETF

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  ICICI Pru Mutual Fund Launches India’s First Silver ETF SEBI allowed mutual fund companies to invest in silver ETFs. ICICI Prudential Mutual Fund has come up with a silver ETF.  Silver ETF   As Nifty 50 ETF tracks the Nifty 50 index. Similarly, silver ETF tracks the price of silver by actually holding the commodity in its physical form. The benchmark of silver ETFs is the price of silver-based on LBMA (London Bullion Market Association). A silver ETF invests in physical silver on behalf of its investors. Key Features Scheme Name = ICICI Prudential Silver ETF NFO Period =05-012022 to 19-01-2022 Type of Scheme = An open-ended scheme tracking domestic prices of silver Minimum Application Amount =During NFO: Rs.100 and in multiples of Rs.1                                                                     During on going period: On the stock exchange, the investors can                                                                          buy and sell units of the scheme in a round lo

Method to Select Mutual Fund

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  Method to Select Mutual Fund Mutual funds are among the most popular investment options. They are an investment scheme that assembles the funds of several investors into investing pool to create an investment product. One can invest in mutual funds through a systematic investment plan or via a one-time investment.  Steps to choose the right mutual fund 1. Know your goal -Decide goal, the time frame you are looking to invest for, return expectations before choosing the mutual fund. Once these goals are ready think of a mutual fund. 2. Do research -It's important to do research before starting your investment. Risk tolerance, investment horizon, investment knowledge, return expectation are several parameters to consider before picking the mutual fund. 3. Check the expense ratio -Expense ratio is important as it comes out of your returns. Choose the mutual fund that comes with a lower expense ratio. The expense ratio reflects the value for money aspect of a fund. 4. Lower standard