My Finopedia - myfinopedia.com

Mastering Your Finances: The 50/30/20 Rule for Budgeting Success

Introduction The 50/30/20 rule is a financial guideline that helps individuals manage their money effectively by allocating their income into three distinct categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. This rule provides a simple and practical framework for budgeting and financial planning, helping people achieve financial stability and …

Mastering Your Finances: The 50/30/20 Rule for Budgeting Success Read More »

Today’s Stocks Market Updates (21 September 2023)

Market Update / By My Finopedia / September 21, 2023 September 21, 2023

VALUATIONS SENSEX PE Ratio 24.31 NIFTY PE Ratio 22.30 Source: NSE and BSE BSE SENSEX 66230.24 -570.60 -0.85% NIFTY 50 19742.30 -159.10 -0.80% NIFTY Bank 44623.80 -760.80 -1.68% BSE MID CAP 31992.41 -320.60 -0.99% BSE SMALL CAP 37043.75 -366.75 -0.98% GOLD (Rs./ 10 gm) 58,824.00 -581.00 -0.98% SILVER (Rs./kg) 72,729.00 -501.00 -0.68% USD/INR 83.06 -0.05 …

Today’s Stocks Market Updates (21 September 2023) Read More »

Today’s Stocks Market Updates (20 September 2023)

Market Update / By My Finopedia / September 20, 2023 September 20, 2023

VALUATIONS SENSEX PE Ratio 24.50 NIFTY PE Ratio 22.48 Source: NSE and BSE BSE SENSEX 66800.84 -796.00 -1.18% NIFTY 50 19901.40 -231.90 -1.15% NIFTY Bank 45384.60 -595.20 -1.29% BSE MID CAP 32313.01 -105.80 -0.33% BSE SMALL CAP 37410.50 -190.66 -0.51% GOLD (Rs./ 10 gm) 59,425.00 +143.00 +0.24% SILVER (Rs./kg) 73,288.00 +719.00 +0.99% USD/INR 83.11 -0.23 …

Today’s Stocks Market Updates (20 September 2023) Read More »

Why is Real Estate Better than Mutual Funds?

Investing, Mutual Funds, Real Estate / By My Finopedia / September 20, 2023 September 20, 2023

Many people debate which investment option offers the best chance of financial progress when faced with the choice between real estate and mutual funds. Despite the fact that both have their benefits, some investors may favour real estate due to certain advantages: Real estate: You have complete control over your property when you invest in …

Why is Real Estate Better than Mutual Funds? Read More »

Today’s Stocks Market Updates (18 September 2023)

Market Update / By My Finopedia / September 20, 2023 September 20, 2023

VALUATIONS SENSEX PE Ratio 24.74 NIFTY PE Ratio 22.74 Source: NSE and BSE BSE SENSEX 67596.84 -241.79 -0.36% NIFTY 50 20133.30 -59.00 -0.29% NIFTY Bank 45979.85 -251.65 -0.54% BSE MID CAP 32418.81 -86.56 -0.27% BSE SMALL CAP 37601.16 -227.40 -0.60% GOLD (Rs./ 10 gm) 59,232.00 +239.00 +0.41% SILVER (Rs./kg) 72,585.00 +431.00 +0.60% USD/INR 83.29 +0.12 …

Today’s Stocks Market Updates (18 September 2023) Read More »

Mutual Funds vs. Real Estate: Which is better in India?

Investing, Mutual Funds, Real Estate / By My Finopedia / September 16, 2023 September 16, 2023

There are many alternatives for investing in India, but two that frequently emerge out of one’s head are mutual funds and real estate. Both options offer benefits and disadvantages, making the choice difficult. In this post, we’ll look at the important elements to take into account while deciding between mutual funds and real estate in …

Mutual Funds vs. Real Estate: Which is better in India? Read More »

What is Form 16? The Complete Guide!

Finance and Economy, Section 80C, Tax Saving / By My Finopedia / September 15, 2023 September 15, 2023

Form 16 is an important document you might encounter when you start working or during tax season. In simple terms, it’s like a report card your employer gives you about your earnings and the taxes they’ve deducted. Let’s break down what Form 16 means, how it works, the perks it offers, and the different types …

What is Form 16? The Complete Guide! Read More »

Today’s Stocks Market Updates (15 September 2023)

Market Update / By My Finopedia / September 15, 2023 September 15, 2023

VALUATIONS SENSEX PE Ratio 24.70 NIFTY PE Ratio 22.81 Source: NSE and BSE BSE SENSEX 67838.63 +319.63 +0.47% NIFTY 50 20192.30 +89.20 +0.44% NIFTY Bank 46231.50 +230.70 +0.50% BSE MID CAP 32505.37 +30.51 +0.09% BSE SMALL CAP 37828.56 +102.06 +0.27% GOLD (Rs./ 10 gm) 59,097.00 +509.00 +0.87% SILVER (Rs./kg) 72,410.00 +1,428.00 +2.01% USD/INR 83.05 +0.03 …

Today’s Stocks Market Updates (15 September 2023) Read More »

What is Dividend Investing?

Equity, Investing, Stocks Market / By My Finopedia / September 14, 2023 September 14, 2023

A complicated financial approach, dividend investing is similar to earning periodic returns from one’s investments in trustworthy companies. In this informative discussion, we will clarify the details of dividend investing by going through its benefits, past experiences, and the strong arguments in favour of it as a way for people to increase their wealth. WHAT …

What is Dividend Investing? Read More »

Today’s Stocks Market Updates (14 September 2023)

Market Update / By My Finopedia / September 14, 2023 September 14, 2023

VALUATIONS SENSEX PE Ratio 24.55 NIFTY PE Ratio 22.71 Source: NSE and BSE BSE SENSEX 67519.00 +52.01 +0.08% NIFTY 50 20103.10 +33.10 +0.16% NIFTY Bank 46000.80 +91.40 +0.20% BSE MID CAP 32474.86 +327.55 +1.02% BSE SMALL CAP 37726.50 +429.72 +1.15% GOLD (Rs./ 10 gm) 58,480.00 -113.00 -0.19% SILVER (Rs./kg) 70,687.00 -732.00 -1.02% USD/INR 83.03 +0.05 …

Today’s Stocks Market Updates (14 September 2023) Read More »