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Equity is the Only Asset Class That Will Help You Create Wealth Over A Long Time

Equity, News and Updates, Stocks Market / By My Finopedia / June 22, 2023 June 22, 2023

Recently, BSE (Bombay Stock Index) listed its top 30 companies in BSE Sensex, which made new record high gains in the stock of publicly traded companies. FPIs (Foreign Portfolio Investors) and domestic institutions bought shares worth Rs. 4,013 and Rs. 550.36 respectively. On June 21, India’s benchmark stock index reached the new record high of …

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Today’s Stocks Market Updates (22 June 2023)

Market Update / By My Finopedia / June 22, 2023 June 22, 2023

VALUATIONS SENSEX PE Ratio 23.40 NIFTY PE Ratio 21.85 Source: NSE and BSE BSE SENSEX 63238.89 -284.26 -0.45% NIFTY 50 18771.30 -85.50 -0.45% NIFTY Bank 43724.80 -134.40 -0.31% BSE MID CAP 28327.83 -307.78 -1.07% BSE SMALL CAP 32369.66 -207.69 -0.64% GOLD (Rs./ 10 gm) 58,441.00 -273.00 -0.46% SILVER (Rs./kg) 68,438.00 -809.00 -1.17% USD/INR 81.97 -0.05 …

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How to Overcome Your Debt and Regain Finance Control?

EMI & Loan, Finance and Economy, Financial Planning / By My Finopedia / June 21, 2023 June 21, 2023

Being in debt makes it challenging to manage finances sometimes. Fortunately, there are some essential tips that you can use to get out of debt. Individuals frequently get more involved in debts for not maintaining the correct measures of paying out debts. We will look at some of the most successful debt relief methods in …

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Today’s Stocks Market Updates (21 June 2023)

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

VALUATIONS SENSEX PE Ratio 23.46 NIFTY PE Ratio 21.96 Source: NSE and BSE BSE SENSEX 63523.15 +195.45 +0.31% NIFTY 50 18856.80 +40.10 +0.21% NIFTY Bank 43859.20 +92.70 +0.21% BSE MID CAP 28635.61 +193.17 +0.68% BSE SMALL CAP 32577.35 +79.59 +0.24% GOLD (Rs./ 10 gm) 58,755.00 -54.00 -0.09% SILVER (Rs./kg) 70,079.00 -308.00 -0.44% USD/INR 82.02 -0.09 …

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What Are Your Equity Tax Collection in the New Tax Policy?

Equity, Mutual Funds, Tax Saving / By My Finopedia / June 20, 2023 June 20, 2023

When you sell an equity fund, you have to pay equity tax to the government. This process often involves some criteria, upon which tax is levied upon an individual. According to the new tax regime, your tax depends on your holding period and annual income put together. So, to understand your tax deductions you have …

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Today’s Stocks Market Updates (20 June 2023)

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

VALUATIONS SENSEX PE Ratio 23.36 NIFTY PE Ratio 21.91 Source: NSE and BSE BSE SENSEX 63327.70 +159.40 +0.25% NIFTY 50 18816.70 +61.20 +0.33% NIFTY Bank 43766.50 +132.70 +0.30% BSE MID CAP 28442.44 +133.26 0.47% BSE SMALL CAP 32497.76 +129.02 +0.40% GOLD (Rs./ 10 gm) 59,265.00 +108.00 +0.18% SILVER (Rs./kg) 72,138.00 -308.00 -0.43% USD/INR 82.12 +0.16 …

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Snowball Investment Strategy – Meaning, Works, Benefits, and Examples

Finance and Economy, Financial Planning, Investing / By My Finopedia / June 19, 2023 June 19, 2023

Snowball effect or investment strategy is an analogy for wealth compounding. It implies multiplying your wealth and income many times over using DRIPs (Dividend Reinvestment Plans). To understand the term simply, when you pitch a snowball from a mountain top, it starts to get bigger by picking up more snow, and consequently making it a …

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Today’s Stocks Market Updates (19 June 2023)

Market Update / By My Finopedia / June 19, 2023 June 20, 2023

VALUATIONS SENSEX PE Ratio 23.36 NIFTY PE Ratio 21.84 Source: NSE and BSE BSE SENSEX 63168.30 -216.28 -0.34% NIFTY 50 18755.50 -70.50 -0.37% NIFTY Bank 43633.80 -304.40 -0.69% BSE MID CAP 28309.18 -22.14 -0.08% BSE SMALL CAP 32368.74 76.55 0.24% GOLD (Rs./ 10 gm) 59,180.00 -174.00 -0.29% SILVER (Rs./kg) 72,500.00 -188.00 -0.26% USD/INR 81.96 +0.01 …

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Top MF Distributors by Commission

Business, Mutual Funds, News and Updates / By My Finopedia / June 16, 2023 June 19, 2023

Among the top 15 distributors, NJ India Invest topped with 1,298 crore 12% share of total industry commission. Following that, SBI and HDFC acquired 735 crore and 581 crore gross commissions respectively. Axis Bank and Prudent corporate advisory services raised 5% and 4% share with 538 and 441 crores respectively. Following that, ICICI bank and …

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Today’s Stocks Market Updates (16 June 2023)

Market Update / By My Finopedia / June 16, 2023 June 19, 2023

VALUATIONS SENSEX PE Ratio 23.44 NIFTY PE Ratio 21.92 Source: NSE and BSE BSE SENSEX 63,384.50 +466.95 +0.74% NIFTY 50 18,826.00 +137.90 +0.74% NIFTY Bank 43,938.10 +494.55 +1.14% BSE MID CAP 28,331.32 +199.74 +0.71% BSE SMALL CAP 32,292.19 +242.28 +0.76% GOLD (Rs./ 10 gm) 59,374.00 +19.00 +0.03% SILVER (Rs./kg) 72,724.00 +598.00 +0.83% USD/INR 81.88 -0.31 …

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