Life today isn’t as easygoing as it used to be in the past, where people lived well into their nineties. On the contrary, the life expectancy in the country has gone down drastically to about 70 years.
This can be owed to the fast-paced life we live, where most of us are subject to daily stressors, pollution, and even a sedentary lifestyle. Bearing this in mind, a lot of us invest in health insurance policies, also known as medical insurance, in order to safeguard our finances in case our health takes a toll on us.
With regard to medical insurance, a lot of us assume that the only benefits of a health insurance policy are having our hospitalization costs covered. However, that is not true. As a matter of fact, there are several other advantages that you probably aren’t aware of. And we are here to shed light on the seven hidden benefits of a health insurance policy.
Free health check-ups
Some health insurance companies offer free health check-ups from the first year when you buy any of their health insurance plans. These health check-ups are not only free but also cashless, provided the insured undergoes a check-up at a hospital that is predetermined by the insurance company.
Attendance allowance
In the case of your children being hospitalized, insurance companies also grant something called ‘attendance allowance’ to the adult accompanying them, as part of mediclaim benefits. However, this benefit is only for children who have a health insurance policy.
Daily hospital allowance
When a person is hospitalised, apart from the costs of hospitalisation, there are many other expenses that come into play. Some of these are daily food and travel expenses that the family members of the patient have to incur. And at the end of the patient’s hospitalisation tenure, these expenses amount to quite a bit. As part of their mediclaim benefits, a number of health insurance companies grant ‘daily hospital allowance’ where a daily allowance is provided
Domiciliary treatment
On several occasions, when a patient has outdone his time in the hospital, the family decides to take him home and treat him there. While you may not be aware of this, many health insurance companies today also cover these home-care costs, known as the domiciliary costs of the insured patient. However, the costs and the number of days that are covered under this benefit are limited. This is one many medical insurance benefits that you need to know about.
Recuperating benefits
One of the most challenging phases for both the patient and the family is when the patient has been discharged. This is where the convalescence or recuperating benefit comes into play. Here, the insurance company pays the insured patient a lump sum if he has been hospitalized for about 7 to 10 days at a stretch. This amount covers costs like loss of income due to hospitalization and, in a few cases, family member visits to the patient.
Bariatric surgeries
These days, obesity is not only a common phenomenon but also a life-threatening condition. Understanding this, several insurance companies even cover the costs for bariatric [weight loss] surgeries. However, the cost of such a surgery is covered only if it is done for purely medical purposes.
Fitness rewards
This benefit will motivate you to get fitter. Some health insurance providers reward you with fitness points – the fitter you are, the more points will you earn. These points can then be redeemed against your health insurance policy at the end of the year or even used against medical check-ups or medical bills. Insured individuals need to sync their pedometers or fitness bands with their health insurance provider’s fitness app, where all their activities and the number of calories they have burned while performing these are monitored. If that isn’t reason enough to work out, we don’t know what is!
It is advisable to avail of a health insurance at an early age in order to gain the maximum medical insurance benefits. So, opt for a health insurance now and take advantage of all these benefits!
Kotak Securities has come up with a great way to let you keep track of your investments with the Kotak Stock Trader [KST] mobile app. This app is available on Android, Windows, as well as iOS platforms.
The KST app aids all investors to trade in the stock market with just a touch. This app allows you to trade in different investments like derivatives, currency derivates, and equities. There are many features of this app that lets you seamlessly keep a track of all your investments.
Given below are some of the features of the Kotak Stock Trader [KST] mobile app
Track your portfolio
If you want to check how your investments are performing, you may keep a track of your position and current holdings directly from the mobile trading app.
Online trading
The app allows you to buy or sell securities from Bombay Stock Exchange [BSE] as well as National Stock Exchange [NSE]. You may cancel or modify any order that you have placed. Additionally, you may also set stop loss price and trigger price for your investments.
Fund transfer
With the KST stock trading app, you may transfer funds from your bank account to your online trading account and vice versa. You may also move funds from your bank account to your mutual funds account.
Live stock market data
This app provides you with all the information you need for making an informed investment decision. You get access to live quotes, intraday charts, and market tips. You may even track the movement of the market and get real-time updates on the Indices. This share market app also enables you to get scripts on the exchanges with the help of line charts, candlestick charts, or Open High Low Close [OHLC] charts.
Creation of watch-lists
If you are interested in keeping track of a select number of investments, you may track the script by making a personalized watchlist. You may also have access to the default watchlists. Besides, keep track of your transactions in the ‘My Positions’ and ‘My Investments’ sections of the app.
Check your margin
The KST app has a feature that lets you check the available funds you have and your total margin. All you have to do is click on the ‘Available Funds’ section of the app and it shows you all the information you need about the limits available against the shares in your account.
Secure data
All your information and transaction done through this app are completely secure. The app does customer authentication by using three steps – your User ID, the password for the website, and finally the security key code. For increased safety, you have to sign in every time in order to use this app. The device that you install this app on does not store any details of your sessions.
The session gets automatically terminated after an idle period of 30 minutes. The app is secured by HyperText Transfer Protocol Secure [HTTPS] and it uses the order routing system of Kotak Securities. For utmost security, this app uses Advanced Encryption Standard [AES] 128 bit, which is the highest level of encryption.
Notifications for new versions
To make sure that you always have the best functioning and most updated version of the app, Kotak sends you notifications whenever a new and better version is released.
While there are many stock trading and mutual fund apps in the market, this app by Kotak Securities makes your stock trading easy. It has several benefits, too. Some of them are:
It is suitable for all investors, be it a beginner or an expert.
You have the option to choose the platform from which you get your updates. You may choose from the Times of India, Economic Times, or Money Control.
You have the ability to connect to live TV 24*7. This facility is provided by Bloomberg TV.
You get the features and benefits of a complete online trading platform. All of this from the convenience of your mobile phone.
This app also allows you to rectify or cancel a trade or transaction you are doing even though you may not be near the trading terminal.
This app is very useful and convenient for all those who deal with the stock market. What’s more, is that the complete version of this app is absolutely free for all customers of Kotak Securities online trading.
Those who are customers of Kotak Securities in the offline mode or even those who are not customers have access to a limited version of this app. It is available for download on all the major application stores. All you have to do is sign in as a guest user and you will be able to carry out several functions like tracking markets, checking the stock prices, creating watchlists, as well as viewing the intraday charts for the scripts that are listed on BSE and NSE.
When Raman met Vandana for the first time, he knew that she was the one for him. He knew that she would be the only person who would stand with him through thick and thin. She was a perfect companion to Raman when things were rough. What attracted Raman to Vandana was the fact that she was a go-getter and always kept her family first. He knew that she would always make the best decision. Throughout their courting days, Raman knew that Vandana had one dream that was to make her wedding day special and to have a fairy tale wedding.
While Vandana had some savings, Raman knew that she was also taking care of her parents and fulfilling this dream would be difficult for her. While they hardly talked about the wedding expenses, Raman knew that this is something she wanted with all her heart but was not sure how to go about it without depleting her savings.
Once the dates were decided, Raman decided to surprise Vandana and started planning the wedding. From the smallest of details, Raman made sure that nothing was left out. He figured out how to get Vandana’s favourite flowers for the wedding. He even got her favourite aunt to flow in from the United States, as a surprise for her, for their honeymoon, booked a trip to Paris.
While Raman was trying to make Vandana’s dream come true, one aspect he overlooked was the budget. During the planning stages, he though all of the wedding expenses would fit in the budget that he had planned. However, as he crossed ever step, he figured out that he had overshot his budget.
He was not sure how he could manage to get more funds in such a short time. When he spoke to his father about this, he told Raman about personal loan.
While Raman was not sure how long it would take him to get the wedding loan, he decided to check for personal loan eligibility online. He found out that the process was rather easy and that he can opt for a wedding loan without any hassles, with just the right documentation. This made Raman heave a sigh of relief that he could now make this wedding a dream come true for Vandana without any hitch.
On their wedding day, Vandana was spellbound by the amount of effort and time Raman had put for the planning. This was the wedding of her dreams and Raman had made her every wish come true!
After a lot of back and forth, the GST bill was passed in April this year, and in what can only be called a true show of grit and determination, the Prime Minister and the Finance Minister have worked hard to ensure a roll out as smooth as can be expected in country of a billion plus individuals with as many aspirations.
The two facts that really elucidate the benefits of GST the most are the increased employment because of the boost in production, stimulated by the increased demand for products nationwide, and reduced prices actuated by lower cost of interstate commerce [due to the abolition of interstate taxes] and increased competition among the small and medium businesses. Naturally, with the growth in demand and production, will come the growth in GDP – a growth that could be as much as 4.2%.
While the benefits of the GST are expected across the board, entities that stand to gain the most are the start-ups and the SMBs, which, for quite a long time, have been considered to be the chief development agent of the Indian economy. They are not only the leading source of employment, but also contribute more than half of the nation’s production and over 40% of its exports. Thus it’s a given that the advantages of actualising GST on SMBs will have a serious impact on India’s economy in the coming years.
To begin with, GST has made starting a business a whole bunch easier, simpler, more standardized by eliminating the need to register for VAT. VAT was particularly problematic for business with operations in multiple states, as it required registration in all the states where the business had operations. Moreover, online registration further eases and improves the efficiency of the process, while also making it a whole lot cheaper.
Secondly, while VAT required registration fee to be paid by all business with annual turnover of more than INR 5 Lacs, GST has increased this limit to INR 20 Lacs – meaning, any business making less than INR 20 Lacs per annum can enjoy exemption from the tax. While the monitory benefits of this are apparent, the benefit that is less apparent is that SMEs can now enjoy expedited delivery of goods at interstate check points, thus making interstate trading a lot less financially taxing. Considering the fees, octroi charges, logistics expenses, and customer charge-backs [for delayed deliveries] and DSO costs, an SME can now expect cost savings of as much as 20%.
Added transparency in the taxation process is another benefit that small businesses can expect after the GST roll-out. This will be enabled by the digitization of the compliance and refund process. By removing the more manual and complicated processes of the yesteryear’s, GST mandates all tax returns to be filed electronically, and all input tax credits and tax liability adjustments to happen automatically. This mandate will not only expedite the process, but will also improve liquidity for small businesses.
GST has also raised the bar on total amount of input tax credit that can be claimed in the year of the purchase itself from the earlier 50% to 100% now; a move that will help free-up much needed capital for small business. But the biggest advantage of them all, perhaps, is the clarity of what constitutes products and services. By removing the distinction between sales and services, the GST greatly simplifies simplifying the tax assessment process, which in turn boosts tax compliance.
About the only complication for the small and medium businesses that has increased because of GST is the number of filings that will now have to do in a year. It might seem like a lot of work at the first glance, and the draft GST return format provided by the government is not easily comprehensible by those who have little or no accounting knowledge. That said, at the end of the day, it is a compliance issue, and, besides, a lot of automation has gone into the system to make things easy for the small business. But a lot of people might still find the process cumbersome and confusing, and understandably so.
Experts at RevMyStartup have extensively studied the GST law, and will be more than happy to answer any questions you may have on GST Registration or GST Return Filing to ensure you are fully GST compliant. To know more, call RevMyStartup today to get your GST registration and filing done in the right and best manner, at reasonable prices.
About the Author – This article is contributed by Vaibhav Tripathi, content writer at RevMyStartup.
[If you would like to contribute to this blog as a Guest Writer, please email us at himanshu.sheth@gmail.com with the relevant content].
Sitting idle does more harm than good. So is it with cash. Accumulating cash in your savings account and watching it grow over the years can give you a sense of security. But that can be deceptive. On closer scrutiny, you’d realise that you may be losing money without even realising it?
Idle cash loses value
Inflation eats into idle cash.
Consider the following scenario: A cup of tea costs Rs 10 today. You have Rs 100 with you. With this amount, you can buy 10 cups of tea. But you decide to save the money with your bank for a year. Fast-forward a year, a cup of tea costs Rs 12. That means you can buy no more than eight cups of tea. You realise that the value of a hundred-rupee note has diminished. This is the impact of inflation.
You might argue that the money in your savings account earns regular interest. But, that can be negligible in the face of inflation. If your savings account earns an interest of 3.5% and retail inflation is at 4%, you are actually losing money. To put it simply, you are losing the potential to earn more by letting cash sit idle.
Investing money in mutual funds
Just like you work to earn money, your money should work to earn money for you. You can put your money to work by investing it. There are multiple avenues where your money can earn higher returns for you. Mutual funds, for instance, is a good place to start. This is a good option for people who are new to the world of investments.
Benefits of investing in mutual funds
The advantages of mutual funds are aplenty. The risk level is quite low – especially in options such as debt mutual funds – and the returns are pretty good. For example, the interest rate on a fixed deposit is around 6.5~7.5%; saving account interest rates range between 3 and 6%. In comparison, mutual funds offer anywhere between 10-15%.
They also have the potential to earn you more as they dabble in a variety of financial instruments such as stocks, bonds, and other money market instruments.
There are different types of mutual funds available such as debt funds, equity funds, balanced funds, sectoral funds and so on. You can invest in any of these funds based on your investment goal. For instance, if you are interested in long-term investment growth and high returns, equity funds are a suitable choice. Equity funds invest a major portion of the money in stocks.
Similarly, the core holdings in a debt fund are fixed-income investments. Since the main goal of debt funds is capital preservation and income generation, these funds are more suitable for those who are risk-averse.
Although some element of risk is involved in mutual funds, the threat of negative returns is not very high. That’s because fund managers invest in a range of stocks and bonds, rather than focus on just one. This enables fund houses to hedge its risks. Another upside is that the minimum investment in mutual fund is as little as Rs 500 per month.
To sum up
Cold cash is always important, but asset management is equally crucial. It is important to keep a chunk of money in your bank in case of emergencies. But, if you want to your money to expand, investing in financial instruments such as Mutual fund is a good option.
The Institute of Chartered Accountants of India will be conducting Technology enablement conclaves throughout the country for both member as well as non-member Chartered Accountants. Tally Solutions, the premier Indian software company will support the initiative as technology partner.
The theme of the conclave will be based on Information technology in GST – Enabler or necessity. The sessions aim to highlight how the use of right technology will help CAs manage GST compliance for themselves and their clients in a smooth and efficient manner. The first of these events was held on 29th July in New Delhi at the India habitat Centre.
GST is widely acknowledged as a taxation regime with technology as its backbone. Right from registration, to billing, filing and even payment of taxes are happening online facilitated by a business system. Under such circumstances, businesses need to adopt this new way of managing their transactions and compliance and Chartered accountants are being banked on by them to help them with the same. In addition, the change in the tax structure has brought with it its fair share of challenges for the CA community. These conclaves have been designed to equip Chartered accountants with knowledge on how technology can solve their existing problems and enable them to serve their clients effectively.
I am happy to know that IT committee of the Institute of Chartered Accountants of India has initiated the series – ‘Information Technology in GST- Enabler or Necessity‘. I am very clear in my mind that Technology in GST is a necessity. We need to equip our members [Chartered Accountants] to partner with the technology providers, so that the ultimate aim of the government of a smooth GST implementation, is achieved. For the first time in Indian history a Joint federal tax system has come between the Centre and the States. It’s a path breaking law, where tax is jointly going to be levied. With GST, I am sure India as a nation will grow to greater heights.
GST is the first tax regime which is fully technology based. This will leap-frog India as one of the best indirect tax regimes in the world, and Chartered Accountants areplaying a very important and appreciable role to make this transition successful for the country. We are proud and delighted to be workings with the ICAI on this journey, and look forward contributing in the pan-India conclaves with them. The aim is to hear the challenges on the ground, and provide perspectives on how technology will help simplify their lives, and those of their clients.
While CA Atul Gupta, Chairman IT Committee of ICAI and Former Chairman Indirect Taxes Committee of ICAI, shared the important role Chartered Accountants are playing in taking this reform into all corners of country.
Earlier on this blog, we have reviewed a couple of Investment Plans, Stocks, etc. and so far we have received encouraging comments. Many of the readers touch based over Facebook and informed us that they have invested in one of the stocks that we have reviewed & have yielded excellent returns! Such news motivates us to write more about Finance 🙂
When it comes to investing, we take precautionary steps like reading review about investment plan/stock/insurance online, consult known experts in the domain, consult known people who have already invested in the same, etc. However, the problem is that there is a plethora of information available online that can really confuse an investor. Same is the case with investing in stocks.
Way back in the late-1990’s or early-2000’s, investors were heavily reliant on the brokers or sub-brokers that were present in their locality. They had a good amount of information about the markets, stocks, etc. and could guide investors in person as well. However, once the technology became a key player in the complex field of investments and stock trading, traditional brokerage houses like Indiabulls, ICICI Direct, ShareKhan, etc. became the torch-bearers of this change. A majority of these brokers, also known as full-service brokers used to charge a certain percentage from the trade amount. Fast forward now, with the evolution of Artificial Intelligence, Machine Learning, Big Data and other modern technologies, the brokerage space is also disrupted by new-age fintech startups as well as established financial institutions.
There are a number of trading platforms from the likes of Zerodha, ICICI Direct, India Infoline, Edelweiss, Angel Broking, etc. and each of them has various types of Trading accounts [Standard, Prepaid], different brokerage charges, transaction charges, demat account charges. When it comes to trading, brokerage fees, website usability, yearly maintenance fees, etc. play a vital role in the growth of the platform and customer retention. We have a look at some of the trading platforms available for investors from the perspective of account opening & maintenance charges, brokerage fees, fees of stock delivery, intraday trading, etc.
Note: Review based on usage, interaction with existing users of these trading accounts, research, and other parameters.
Angel Broking
Angel Broking is one of the oldest brokerage companies in the country. It is operational since 1987. They have a PAN India presence and along with technology enabled DEMAT & Trading account, they also provide offline services where investors can place orders via a phone call or by visiting their sub-brokers facility.
Account Opening Charges: No account opening charges. You can start trading in one hour. Yearly maintenance charges: No charges levied for the first year.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX & NCDEX
Weekly research reports from financial experts
Supports both browser and app-based trading. Platform is available across mobile, tablet and desktop
Personalized customer support
Different brokerage plans Angel Classic, Angel Preferred, Angel Elite & Angel Premium available for a different set of investors. Further details can be found here
Intraday Trading: Intraday trading, as the name suggests, is trading stocks within trading hours in a single day and investors can do intraday trading on Angel Broking platform. More details about Intraday Trading on Angel Broking can be found here
5paisa.com
5paisa.com provides a single account for all your investments. They charge a flat rate of Rs. 10 per order irrespective of the segment you trade or the value of your trade. They charge Rs. 750 as account opening fees and the annual fees [for Demat and Trading account] is Rs. 400.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX & NCDEX
Weekly research reports from financial experts
Trading platform accessible across mobile, tablet and desktop
Personalized customer support
Further details about the pricing can be found here
Zerodha
Zerodha is a Bengaluru based bootstrapped startup that has pioneered the concept of discount brokerage. With Zerodha, an investor can open an account instantly and start trading. They are also called as Flat Fee Share Broker since they charge Rs. 20 or 0.01% [whichever is lower] per executed order on intraday trades across equity, currency, and commodity trades across NSE, BSE, and MCX. They do not have any minimum brokerage.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX, MCDEX, Mutual Funds, etc.
All your equity delivery investments [NSE, BSE], absolutely free
Trading platform accessible across mobile, tablet and desktop
ICICI Direct from ICICI is an old and preferred broker due to its brand image. The 3-in-1 trading account gives you the convenience of opening a demat account, trading account as well as a bank account all in one go. The demat account is linked with your trading and bank accounts.
You can earn an interest of 4% on the allocated unutilized amount for trading. They have more than 150 branches which means that their services are accessible both online as well as offline. Yearly maintenance charge is Rs. 600.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX, MCDEX, Mutual Funds, etc.
Brokerage includes DP charges of higher of 0.04% or Rs. 25 every time shares are debited from your demat account
Trading platform accessible across mobile, tablet and desktop
There is call and trade facility
More details about ICICI Direct brokerage plans [Server Plan, Secure Plan & Prepaid Brokerage Plan] can be found here
UpStox
UpStox by RKSV is another popular discount broker like Zerodha. Its trading platform Upstox Pro offers zero brokerage on stock investments. With Upstox, investors can create a custom watchlist of their favorite stocks. Upstox is backed by top investors namely Ratan Tata, Kalaari Capital & GVK Davix
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX, MCDEX
Free delivery trades. Only Rs. 20 per trade brokerage
Trading platform accessible across mobile, tablet and desktop
Further details about UpStox Pro pricing can be found here
ShareKhan
Just like ICICI Direct, ShareKhan is one of the oldest brokerage companies in India. It was acquired by BNP Paribas in 2015. There are no account opening charges but there is a yearly maintenance charge of Rs. 500.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX & NCDEX
Trading platform accessible across different devices
Detailed trading reports from financial experts
Edelweiss Broking
Edelweiss Financial Services Limited is a diversified financial services group. The firm has five major businesses, namely Capital Markets, Credit, Asset Management, Life Insurance, and Commodities. Its main focus is on credit. Edelweiss Broking was founded in the year 1995. They have different brokerage plans for different kind of investors.
Account Opening Charges: Rs. 750 is charged as opening a trading account Yearly maintenance charges: Free for the first year, Rs. 500 for the subsequent years Intraday Cash & Equity Futures: 0.06% [Plan 1] and 0.04% [Plan 2]
Brokerage features and charges
Access to all the market segments of BSE, NSE, MCX & NCDEX
Weekly research reports from financial experts with access to various finance Edelweiss platforms that solve deep-rooted customer pain-points
Accessible across web, mobile, and tablet
Solving Investor’s Pain Points
Though there are so many trading and brokerage platforms, the real pain-point that investors/stock market traders face is that most of these platforms provide detailed analysis on stocks but all the features required by investors do not exist on a single platform, some of which are mentioned below:
Market information in a single view: Due to the huge amount of ‘scattered’ information available online, it becomes painful for traders/investors to perform ‘meaningful’ research of a particular sector or stock. For example, I use MoneyControl app to keep myself updated about the happenings in different sectors. There is no single platform that gives such kind of granular information.
In-depth Technical Analysis: In addition to the point mentioned above, there is a dearth of trading/investment platforms that also cater to technical and sentiment analysis of the market. This is a gap that needs to be filled for the investor community.
Trading Execution: When an investor is trading, he executes trades from the broker’s website [examples mentioned earlier] but the broker’s terminal is entirely different. This delay might cost dearly to the trader. Hence, when it comes to trading, execution is of top-notch priority.
There was a requirement for a trading platform that could solve these problems for the investor community so that even novice investors in future can become seasoned investors. This is the problem that financial firm Edelweiss wants to solve via Edelweiss Traders Lounge. Let’s have a look at the features of Edelweiss Web and Edelweiss Traders Lounge.
Broker’s terminal like experience: Though traders would access this platform via the web, the look & feel is similar to the broker’s terminal. The terminal supports customizable shortcuts so that you can trade faster than ever before.
Customizable watch-list combined with the power of data: In one single window, investors can get a wholesome view of the stocks that they have invested and the stocks that are on their watch-list. As mentioned earlier, the real power lies in presenting a holistic view to the traders and that is what Edelweiss Traders Lounge solves with the watch-list. It provides you with stock performance with real-time filtering & analytical parameters i.e. Sentiments, Events, Technical Alerts, etc.
Useful information in a single-view: As mentioned earlier, investors have to scout for meaningful information like company performance, changes [if any] to the RBI monetary policy, sector performance, impact of the global economy on the stock market, etc. available on the internet and it might result in a never ending process. Edelweiss Traders Lounge solves this problem by using the power of Data Analytics.
It provides Charting, Broker calls, News/Corporate Announcements/Events, Sector-wise performance, Live OI build-up, Moving averages, etc. in a single window so that you can Buy/Sell a stock after having in-depth information about that sector and the stock.
News sentiments, Broker Recommendations and Health Indicator: When it comes to investing in the stock market, it becomes primarily important to study the sector and also how various stocks are performing in that sector. With the ‘Peer Comparison‘ feature, you can compare the performance of the stocks that belong to a similar sector. With Edelweiss Traders Lounge, there is a deep level of sentiment analysis that gets done on the latest news on equities, currency & global markets, so that as an investor you can analyze the sentiment attached to the news. The expert opinions along with the sentiment analysis play a crucial role in impacting your ‘Buy/Sell behavior’.
Edelweiss is the only platform that provides in-depth information about the stocks, financial information, technical graphs/charts, detailed news related to stocks and more. This enables the investor to analyze, identify and trade on the same platform. Along with these features, the platform also gives whether a particular stock is listed as BUY [Green in color] or SELL [Red in Color] by the broker community.
If you are a heavy-duty trader and looking for an efficient desktop trading software then you should look no further than Edelweiss Xtreme Trader. It is a terminal based trading platform that is loosely based on Edelweiss Traders Lounge. The interface is highly customizable and can be changed to suit your requirements. The tool has advanced charting tools so that you can track the performance of your stocks.
The tool also has SMS and email alerts that can be customized as per the sector that you have opted for. Xtreme Traderensures that the research calls are flashed instantly on your screen, the moment research team generates so that you do not miss out on any trading opportunity.
When it comes to brokerage charges, exchanges that are enabled, account opening costs, etc. Edelweiss Trading scores lesser than Zerodha but significantly higher than ShareKhan. However, from a usability perspective, Edelweiss trading platform scores significantly higher than the other trading platforms! The trading platform from #Edelweiss facilitates #EasyTrading, a requirement which is the need of the growing investor community!
What is the brokerage platform you use for trading, please leave the message in the comments section…
As the famous author Robert Kiyosaki of the ‘Rich Dad, Poor Dad’ fame says – Let the money work for us instead of working for the money. As the quote indicates that you might be making handsome amount of money but you need to let the money do the talking by investing it in the right place at the right time. When it comes to investing, there are a plethora of options but those depend on your financial strength, existing portfolio, current market trends, liabilities, etc.
The financial plan of a 22-year old who has just started working would look very different from the financial plan of a 35-year old who has a family [wife, kids, other dependents, etc.]. It goes without saying that their risk appetite would also be different.
Everyone wants to make money but when it comes to investing, we do not take the risk since passive investors are mostly not aware of the right investment offerings. Hence, it becomes important for financial institutions to educate retail investors so that they can also make their money work 🙂 One such initiative is launched by Reliance Mutual Fund called the Mutual Fund Dayor the #MFDaysOn7th that is celebrated on 7th of every month.
Start an industry-wide revolution for mutual fund investments.
Educate potential investors about mutual fund investments.
Dedicate one single day which serves as a reminder for all to invest in mutual funds.
Help the investors to fulfill their dreams by investing in the asset class.
The background for starting this initiative is that in India only 3% of the people are investing in Equity Funds and the remaining 97% are investing in traditional way of investments like FD, RD, Loans and other small deposit schemes. Though Mutual funds as an investment vehicle have gained immense popularity over the last couple of years with its average Assets Under Management [AUM] touching a record high of Rs 17.37 trillion as of January 2017, its penetration is fairly low as compared to other global and peer benchmarks [Source]. They are clearly missing out on the India growth story and hence the company wants them to be aware of Mutual Funds which is not just equity but the common most vehicle for retirement plan.
If you are an active investor who has already invested in mutual funds and want to help your friend or your near & dear ones then you should definitely check out their other initiative called Fund For A Friend. Via this initiative you can nominate your friend to play a game on Mutual Funds and in return he would get know about the ‘depth of understanding’ he has about investing in mutual funds 🙂
So, if you are wary investor planning to take your first step into the world of mutual funds then there is no better place to start off than #MFDaysOn7th. As their tagline says
Har mahine ki tarikh saat, Kijiye Mutual Fund ke aadat ki shuruat!