Apr 232014
 
What is Islamic Banking?

Guided by Islamic economics, Islamic Banking is a banking system based on the principles of Islamic or Shariah law. Islamic banking works on the principles of sharing of profit and loss based on Islamic beliefs and prohibits the collection and payment of interest; since collection of interest is not permissible under Islamic law. Here are few guiding principles of Islamic banking. Prohibition of Interest The Islamic banking has a slightly different approach towards the facilitation Read more…

Apr 222014
 
Which are the commodities to look at in 2014-15?

Few industries which surely do well in a growing economy are consumer durables, automobile and gadgets. This becomes more true and relevant in an emerging economy like India where access to these items is still very limited. Mostly during the years from 2004 to 2011, fast economic growth led to a hike in discretionary income which led to lot of consumer industries doing well during this period. However, since 2011, there has been slower growth Read more…

Apr 212014
 
Best Performing Stocks in 2013-14

The fiscal year 2013-14 started on a remarkable note with the benchmark Nifty hitting a two year high and giving opportunity for growth to many. The investments in the stock market have created annualized returns of 19% in the last 10 years and have beaten all other investment options. Here are few stocks which did exceptionally well in 2013-14. ICICI Bank ICICI Bank, the largest private sector bank in terms of asset base has been Read more…

Apr 202014
 
Best Performing Mutual Funds in 2013-14

There are various ways to analyze the performance of a mutual fund in India. One way is to look at the fund houses that are most popular in terms of attracting investments. And the other way of analyzing the performance is by considering which fund houses have the most well-rate funds in offering. The gradual growth of Mutual Funds Industry over the past few years The mutual funds industry has grown manifold in the last Read more…

Apr 192014
 
How is NSE stock exchange value calculated?

NSE stands for National Stock Exchange and is located at New Delhi. Along with BSE (Bombay Stock Exchange), NSE is the major stock exchange in India. To know how NSE stock exchange value is calculated, we need to know what an index is. An Index is basically an indicator which shows whether most of the stocks have gone up or they have gone down. Often confused for each other by a layman, Sensex and Nifty Read more…

Apr 162014
 
Procedures to make Ration Card

A Ration Card is an essential and rather a mandatory document for any Indian citizen. It is more important because of the fact that it is the primary tool for identification when applying for other documents like Domicile Certificate, Electoral Rolls, Bank Accounts, admission to government schools or college, Passport, etc. How to apply for a new Ration Card? The procedures to get a ration card are simple and quite decentralized by the government. You Read more…

Apr 152014
 
What is ETF - Exchange Traded Fund?

In simpler words, ETFs are those index funds which are listed on an exchange; however, they trade like a stock on an exchange. The prices associated with ETFs vary throughout the day since they are bought and sold constantly. The good part with ETF is that it does not perform like other index funds and does not outperform or beats the market. Rather, it tries to be the market. Who can go for ETFs? It’s Read more…