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What are the Deductions Under 80C

Some of the popular dedcutions under the section 80C of the Income Tax Act are:

1. National Savings Certificate (NSC)

2. National Pension Scheme(NPS)

3. Employee Provident Fund

4. Public Provident Fund

5. Equity Lined Savings Scheme(ELSS)

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What are the Sub-sections of Section 80C

Subsections under Section 80C are:

1. Section 80CCC

2. Section 80CCD

3. Section 80CCF

4. Section 80CCG

All these sections enable you to save tax up to Rs. 1,50,000.

You should use the section 80C of the Income Tax Act to your benefit while tax planning.

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5 Best Value Investing Books to read

Value investing, in stocks, focusses on buying undervalued stocks of strong companies and hold them over a long time. Following are the books on value investing: 1. Intelligent Investor by Ben Graham 2. A Random Walk Down the Wall Street by Burton Malkiel 3. The Little Book of Value Investing by Christopher Browne 4. The Dhandho Investor by Mohnish Pabrai 5. Value Investing & Behavioral Finance by Parag Parikh

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How to Deal With a Stock Broker Fraud?

Following are some precautions you must take to avoid Stock broking frauds: 1. Don’t sign blindly: In case you are worried about stockbroker fraud, never sign paperwork blindly 2. Don’t fall for the hype: Do not invest money in something which you are not confident about. 3. Don’t be lured into F&O trap: F&O is a weapon of mass destruction in the stock market as per Warren Buffet. 4. Don’t go for unlicensed sub-brokers: Another issue with normal people is they do not do a background check 5. Don’t authorize trading: Do not give trading rights to your broker since they can now misuse and make many unauthorized transactions from your trading account.

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3 Steps to Build Personal Wealth

Following are 3 ways to increase your personal wealth: 1. Increase your Earnings: Your earning potential should exceed your basic expenses well enough to a point where you actually have money to save. If not, you might never be able to build enough wealth. 2. Saving Money: If you are making well and still not able to save enough, you have to start monitoring your expenses. This is mostly happening because your wants are exceeding your budget. Saving can start from a rupee and you can cut that down very easily. 3. Invest Properly: You can build wealth if you find ways for growing money while you sleep. You can invest in stocks, securities, bonds and so on for the long term.

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5 Fun Facts About Demat Account

A Demat Account holds securities in the form of shares, bonds, mutual funds, government securities, or exchange-traded funds. Following are 5 fun facts about demat account: 1. You can transfer securities with your Demat Account instantly, which reduces the paperwork 2. The shares and securities of a Demat Account can be held collateral to get a loan 3. Your demat account can be linked with multiple trading accounts 4. If you do not use your demat account for six months straight, it will be frozen 5. The account number varies for CDSL & NSDL

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Common Trading mistakes Every Beginner Does

Following are some common stock trading mistakes: 1. Having No trading plan 2. Ignoring the risk factor 3. Following other investors blindly 4. Choosing the wrong trading asset 5. No Diversification

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Are IPOs Worth Investing?

Putting your money in IPOs does not guarantee wealth or profits. Do not hear everything in the news, marketing and overhypes, since they are meant to lure you into the game. But, if you really want to make this investment worth it, make sure you invest in the right market. Researching the company that offers IPOs and understanding their business prospects will help you make the right choice. If you have a good understanding of the company & are confident about the IPO, then that IPO is worth investing in for you.

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What is Sensex?

In the stock market parlance, Sensex is a pretty common term. So, what is Sensex? The term Sensex is the brainchild of by stock market expert Deepak Mohoni. A blend of two terms, sensitive and index, Sensex constitutes 30 of the largest and most actively traded stocks on the Bombay Stock Exchange (BSE). These stocks belong to some of the biggest companies in India, representing various sectors of the economy. BSE Sensex was first published on 1st January 1986 and is often regarded as the pulse of stock markets in India.

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What is Nifty

Nifty is another widely used term in the stock market. So, what is Nifty? Nifty is the index of the National Stock Exchange (NSE), another popular stock exchange in India. It’s a collection of 50 stocks, and is known as Nifty 50. It’s managed by India Index Services and Products Ltd (IISL).

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What is NCD?

Non-convertible debentures(NCDs) are a financial instrument that is used by companies to raise long-term capital. This is done through a public issue. NCDs are a debt instrument with a fixed tenure and people who invest in these receive regular interest at a certain rate. Some debentures can be converted into shares after a certain point in time. This is done at the discretion of the owner. However, this is not possible in the case of NCDs. That’s why they are known as non-convertible. Even though NCDs cannot be converted into shares, they offer other benefits.

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What is market Capitalization

Market capitalization is the total market value of the outstanding shares of a company. It can be used as a guide for choosing the correct shares to invest in. You can calculate market capitalization by multiplying the current price of 1 stock of that company and the total number of stocks of that company. You can either purchase stocks directly or invest in equity mutual funds to grow your wealth in the long run.

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What are Stock Market Indices?

A stock market index, also known as stock index, is a statistical measure that reflects changes taking place in the market. It’s created by grouping a few similar stocks among the securities listed on the exchange and the selection criteria could be the size of a company, its market capitalization or type of industry. Change in prices of underlying securities impacts the overall value of the index. If prices rise, the index will rise, and if they go down, so will the index. Stock indices are required to know the mood and sentiment prevailing in the market. As an investor, you can identify the market’s pattern by looking at the indices, and use it to decide which stock can prove to be a winning bet.