FinVise India

  In the weaving village of Kanchipuram, there lived a skilled artisan named Ramu. His hands danced across the loom, creating saris of vibrant colors and intricate designs. Ramu worked tirelessly, his earnings supporting his wife, Sita, and their young daughter. Life was modest but content. One monsoon season, Ramu fell ill. A fever gripped him, and his body ached with weakness. He worried about missing work, but Sita insisted he rest. The local doctor prescribed medicine, but as the days passed, Ramu's condition worsened. Sita took him to the nearest town hospital, where tests revealed a serious ailment requiring prolonged treatment. The expenses mounted. Ramu's meager savings dwindled fast. Sita sold some of her jewelry, but it was not enough. Desperation gnawed at Ramu. How would he pay for his recovery? How would he provide for his family? Word of Ramu's plight reached the village elder, a wise man named Suresh. Suresh had always advocated for the benefits of health ins...

The majority of Indian retail investors lose money in the equity markets for a variety of reasons. Here are a few such justifications: Lack of Knowledge and Experience: Many retail investors lack the knowledge and expertise needed to make wise stock market investment selections. Without having a thorough understanding of the underlying fundamentals of the firm or the industry, they frequently invest in stocks solely on hearsay or market rumours. Herd Mentality: Individual investors have a propensity to invest in stocks that are well-liked or that are highly recommended by others. This herd mentality may cause investors to purchase stocks at inflated prices and then sell them at depressed prices, incurring losses. Emotional investing: Many retail investors develop emotional attachments to their investments, which can impair judgement and result in subpar investment choices. They could sell winning stocks too soon out of concern that they might lose their gains, or they c...

  Insurance is a means of protection from financial loss. Investing is a means of creating wealth." Information Sources For Buying Insurance Products 34% Friends, Family & Colleagues 3% Direct contact with bank or insurance company 20.22%       Newspapers & Magazines 8.07% Television 7.30% Internet 19% Intermediary agents What are ULIPs and Endowment plans? ●They are both insurance cum investment products. Neither of them is recommended as they offer a sub-optimal combination of insurance and investment. ●ULIP is a market-linked insurance scheme where the scheme invests in equity or debt oriented schemes, whereas endowment plans offer a guaranteed benefit called the sum assured. Why are they so Popular? A lot of people buy insurance in haste and that too for the sole purpose of saving tax and they do so without fully understanding the products. Often the insurance agent is a neighbour, or a friend or, even worse, a relative. It’s kind of difficult t...

  Financial literacy is the education and understanding of various financial areas including topics related to managing personal finance, money, and investing. This topic focuses on the ability to manage personal finance matters in an efficient manner, and it includes the knowledge of making appropriate decisions about personal finance such as investing, insurance, real estate, paying for college, budgeting, retirement, and tax planning. It is the possession of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. In India, Financial Literacy has still not become a priority like in other developed nations. Lack of basic financial knowledge results in poor investments and financial decisions. That’s why most people invest in short-term plans and physical assets to accomplish their personal goals which give lesser benefits and do not help in the economic development of the country.  According to a global su...

  The psychology of money refers to the ways in which people think about, relate to, and use money. It encompasses a wide range of topics, including the emotional and behavioral aspects of financial decision-making, the cultural and societal factors that influence our relationship with money, and the cognitive biases and heuristics that shape our financial behavior. One key aspect of the psychology of money is the way that it can elicit strong emotions, such as happiness, anxiety, and guilt. For example, people often feel a sense of accomplishment when they save enough money to make a large purchase, while they may feel anxiety when they are in debt or struggling to make ends meet. These emotions can have a significant impact on financial decision-making, and can sometimes lead people to make choices that are not in their best interests. Another important aspect of the psychology of money is the role that social influences and cultural factors play in shaping our relationship w...

Equity Mutual Funds can be mainly classified under two categories: (1) According to Market Cap Mix (2) According to Investment Style # According to Market Cap Mix - Large Cap Funds - Mid-Cap Funds - Small Cap Funds - Large & Mid-Cap Funds - Multi-Cap Funds # According to Investment Style - Dividend Yield Funds - Value Funds - Focused Funds - Sectoral & Thematic Funds - ELSS (Equity Linked Savings Scheme) For more details visit: www.finviseindia.com www.fvindia.com #financialplanning #financialliteracy #financialfreedom #financialindependence #finviseindia #fvindia #money #investment #mutualfunds

Being financially literate means, you have an understanding in a few core areas: · Budgeting and setting financial goals · Handling emergencies like job loss, accident, hospitalization, death, etc. · Paying bills and saving money · Basics of loans (personal loans, home loans, credit card loans, debt, mortgages, etc) · Credit cards and credit scores · How investing works, pension plans, mutual funds, the stock market, etc. Financial literacy is not something you will magically know either. The majority of schools are not teaching personal finances to students. Parents and families may be misinformed or lack a deeper knowledge that children cannot learn from. What should one do? Unless you take some economics courses within your education path, becoming financially literate is on YOU. Yes, you can blame the education system, your parents, your environment, etc. While they can all have some effect , this is st...