Wednesday, 18 September 2019

What is the difference between nifty and BankNifty?

While both of these are benchmark indices, Nifty covers 13 sectors of the economy in which various companies operate, Bank Nifty is an index for banking sector only.

Saturday, 14 September 2019

How can I open a Trading and Demat Account? What are the necessary documents required?

Opening a Trading and Demat Account is fairly hassle-free days. The process is simple.

Following are the two ways to open your account:

1. Physical Application Form:

In this, you need to fill up a form and submit it to the Broker with whom you're opening your account. This requires the following documents:

How can I convert my stock trading from a pure gambling to an educated and intelligent technically analyzed trading?

The answer to this lies in your framing of the question itself, ‘educated and intelligent technically analyzed trading’
I firmly believe that every individual has his own style, risk profile and certain way of reactions to volatility and favourable and unfavourable trade positions. Since you’ve anyway realised that you must stop gambling and shift to a scientific analysis based trading, you should try and analyse your own behaviour and responses to market conditions vis-a-viz your trades and develop your trading style.

Wednesday, 22 August 2018

Why should you prefer Mutual Funds - I

We all have dreams and money certainly goes a long way to provide for those dreams. And, who doesn't dream of being financially free and/or independent?

We all look for best avenues for investments, according to our Savings, budget and financial goals.

While we look out for investment options, rate of return is of prime importance and if history is an indication, the Indian Stock Market has delivered the best returns. In other words, "EQUITIES" as an asset class has proved to be the best investment option. 

Historically, NIFTY 50, the benchmark Indian Stock market Index has delivered approx 16% return, annually over the past decade. This number, clearly, beats all the other asset classes. 

And the best way, to be an investor in the same is Mutual Funds.

Now the most important question, why Mutual Funds?

Saturday, 15 July 2017

GST Registration

Under any taxation law, registration is the most fundamental requirement.  All the taxpayers are identified from the unique number allotted to them by the concerned tax authorities at the time of obtaining registration. A registered taxpayer is entitled to collect taxes from his customer and pass on the credit of such taxes to the purchaser/recipient on goods/services supplied to them.  

Tuesday, 11 April 2017

ICSI: Foundation New Syllabus Announcement

The Institute of Company Secreatres of India (ICSI) has announced new syllabus for the foundation program.

Click here for the notification

Friday, 31 March 2017

Jeff Bezos: The Second Richest Man on the Planet

Jeff Bezos, founder and CEO of Amazon, is now the second richest person on the planet.

On Wednesday, his personal fortune jumped to $75.6 billion following a rise in Amazon's stock. He eclipsed legendary investor Warren Buffett and now stands just below Microsoft co-founder Bill Gates.

While there's no playbook for becoming one of the world's richest individuals, Bezos' career has been marked by risk-taking and learning from failure, and sheds light on what it takes to be incredibly successful.

Wednesday, 9 December 2015

Is there anyone on Quora who has done CA, CS and CMA? How did he do it? What are the career prospects after it?

Hi! I completed the courses of BFIA, CS, CMA and CA.

About how I did it: I happened to take all four of these courses' entrances after finishing my 12th CBSE Board exams and managed to pass the foundation exams for all. During my undergraduate program, I kept trying to take the intermediate exams of all these courses whenever I could find the time. As I did not have a lot of time to spare, I couldn't take tuitions and relied completely on self-study. Gradually, I cleared these exams one after the other. What really helped is the fact that a lot of the subjects are common to all courses. The core idea is to keep the faith and just keep trying. The thought of tackling all these courses simultaneously seems intimidating, but you have to focus on the next set of exams at hand without worrying about the exams that will follow.

About career prospects: I am currently practicing as a Chartered Accountant. You may decide to look for a job in one of the Big 4, or in the industry or whatever pleases you. Remember, your degree is only a passport to get you in the field of work. What you make of it depends completely on your own goals and how far you dare to dream.

You can visit my Quora profile here.

Thursday, 3 December 2015

Why do we need CA's when softwares can do the work they do?

Why do you need coders when computerized software can do the tasks they do?
Why do we need cooks when ready to eat packaged food is available?

You need a human brain behind a number of tasks that these softwares can perform. And there is always a limitation to the extent to which such tasks can be performed. A simple Income Tax Return may be easily filed by a software. However, you would need a CA to personally look into specific tax matters which are prone to litigation due to variation in interpretation based on different contexts. Further, auditing softwares can perform a number of tasks, which save time and aid in audit procedures. However, an intelligent person may find ways to override the validation tools employed by a software. You would need a human brain to intervene and do what the software cannot.

I would hope for a world which is so advanced that machinery and computer can do all tasks that humans can. However, the pros and cons of such a situation make for another debate.