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Invoice Discounting Emerging as an Alternative Investment

Where Indians have Invested till date - Speaks lot about our investing habits 🔹Total Bank deposits (Saving + FD): ₹170 trillion 🔸Total Gold held by households: ₹125 trillion 🔹AUM of life insurance industry: ₹80 trillion 🔸AUM of Mutual fund industry: ₹43 trillion 🔹Retail shareholding in direct equity: ₹25 trillion 🔸Money with EPFO: ₹18 trillion 🔹Money with Post office: ₹13 trillion 🔸Money under NPS: ₹10 trillion Still today Banks get deposits worth ₹225 for every ₹100 going into MF schemes. #FINNowledge

Must watch to be aware

Jio Financial will be spun out of Reliance on Thursday. How will it happen ? 10 points. 1. The record date to determine who is eligible to get Jio Financial Svcs shares is July-20, i.e Thursday. 2. RIL had earlier announced the demerger of Jio Financial Services for a ratio of 1 equity share of Jio Financial for 1 fully paid-up equity share held in RIL. 3. Since Jio Financial is being spun out of RIL, the share price of RIL will have to be adjusted accordingly. 4. On Thursday morning, there will be a special price discovery session for RIL. 5. How will it work ? To use an example, a) Suppose RIL is at `900 in spl session on Thursday b) And, RIL closed on Wednesday, at `1000 c) Spun off biz, JFS, will be at `100 (`1000-`900) 5. Jio Financial will be included in the indices, including Nifty 50, at Rs.100, and it will stay there, at the constant price of Rs.100, till Jio Financial is listed. So temporarily, Nifty 50 will have 51 stocks. PS - Date of listing is not known yet. 6. Once Jio Financial stock is listed, at a future date, the stock will be removed from the index 3 days after its listing - subject to certain price conditions. So if Jio Financial lists on T, it will be delisted from the indices at the end of T+3 days. 7. A word on the F&O impact for RIL. In the run-up to the record date, based on existing rules, all F&O contracts will expire a day prior to record date, ie. on July-19. 8. Lastly, how is the Street valuing Jio Financial right now ? Well markets are currently ascribing value to only the treasury stake of RIL that Jio Financial would own. Analysts put this value at Rs.160-200/share. 9. The value of Jio Financial, would obviously be higher, once details on business strategy, targets & milestones etc are made public. 10. Markets also expect the upcoming AGM to focus on Jio Financial Services. Source - CNBC TV 18 Twitter - Prashant Nair

Title: The Tragic Tale of Prabhat Ranjan: A Cautionary Tale of Financial Missteps Once upon a time in Pune, India, lived Prabhat Ranjan and his wife Neha Gupta. They were a hardworking couple employed in the IT sector, striving to provide a comfortable life for their 10-year-old twin daughters. Little did they know that their life would take a tragic turn due to a series of unfortunate events. In June 2021, Ranjan decided to invest in a scheme promising high guaranteed returns. He borrowed a substantial sum of Rs 88 lakh from six banks and entrusted it to Selva Nadar's Ashtavinayak Investment. Unbeknownst to him, Ashtavinayak Investment was a fraudulent company that obtained personal loans in the investors' names and promised to pay the EMIs. The hope of a better future quickly turned into a nightmare. Ranjan was one of the 265 investors who fell prey to this elaborate scam, collectively losing around 300 Crore. The burden of monthly EMIs close to 1.8 lakh per month added immense pressure on the already struggling family. To make matters worse, Ranjan's own relative betrayed his trust by claiming to invest Rs 15 lakh in a business on his behalf. However, this relative pocketed the money, providing Ranjan with forged bills and cheques as a deceitful proof of investment. The financial blows continued to hit Ranjan, pushing him further into desperation. As the months passed, Ranjan's life took a downturn when he lost his job in December 2022. In an attempt to alleviate some financial strain, he sold his Mercedes car to a friend, who, unscrupulously, only paid him a fraction of the agreed amount, leaving Ranjan in further financial distress. The mounting stress, recovery calls, legal notices, and relentless harassment from recovery agents left Ranjan feeling cornered and hopeless. Despite the support of his loving family, he struggled to cope with the overwhelming circumstances. Tragically, a few days ago, Ranjan took a drastic and irreversible step - he succumbed to the burden of his financial troubles and ended his life. The entire community was left in shock and mourning, wondering how such a promising life could end in such despair. This heart-wrenching story holds valuable lessons for everyone: Beware of schemes offering unrealistically high guaranteed returns, especially those that are unregulated. They are often elaborate scams designed to exploit innocent investors. In financial transactions, never place blind trust in anyone. Always be professional, verify details, and sign agreements only after receiving the agreed-upon amount. Be cautious of people who may try to take advantage of your circumstances. Be vigilant in financial matters and seek advice from trusted professionals when needed. Avoid investing a significant amount of money in one place, especially in unregulated ventures. Diversification is key to mitigating risks. Build a robust financial safety net, including an emergency fund, term insurance, and health insurance. Upskill yourself to stay relevant in the ever-changing job market. In times of stress, don't hesitate to lean on friends and family for support. Seek help, talk about your problems, and take corrective steps. Remember, giving up is not a solution, and there is always hope for a better tomorrow. This tragic incident serves as a stark reminder of the importance of financial literacy, careful planning, and mental well-being. Let us learn from Prabhat Ranjan's story and strive to create a society where compassion, support, and awareness protect individuals from such devastating consequences.

Mutual Fund Investment Planning Investing money in Gilt Fund Mutual Fund on the bases of expectation of interest rate will be decrease by the RBI in upcoming months. Why RBI decrease the interest Rate. Inflation is under control. Why investing in gilt Fund? There is inverse relation between bond price and interest rate. You can check modified duration Of gilt fund. If modified duration of fund is 7 If RBI decrease the interest rate by 50 basis point. Bond Price will increase by 3.5%. Calculation - 7 X .50 = 3.5% @FINNowledge Email - FINNowledge@gmail.com

📢 Attention all! 📢 📅 The due date for filing your Income Tax Return (ITR) for the Financial Year 2022-2023 is rapidly approaching – 31st July 2023. 📅 Please note that this date is subject to any government extensions. If you are doing job, business and investment it's crucial to file your ITR before the deadline to stay compliant with tax regulations. 💼 We're here to help! 💼 If you have any queries or doubts about the ITR filing process, feel free to reach out to us at @cashubhamjain1. Our team of experts is ready to assist you. Don't wait until the last minute – take control of your taxes now! 📝 #IncomeTaxFiling #ITR2023 #TaxDeadline

“If you have no debts and $10 in your pocket, you have more wealth than 25% of Americans.”- Credit Suisse

Bull market is the most dangerous kind of market. It lures people and inflates their egos. They start feeling like stock experts and believe that they have the “skills” to make money in the markets. Irony is that it just takes one bear market for all the skills to vanish.

Big - You will now have Freedom to Choose Card Network for Your Debit & Credit Cards RBI Gives Customers Choice of Selecting & Porting Between 5 Cards Networks 💳 • RuPay • American Express • Mastercard • Visa • Diners Club International Let see when we get the option.

How foreign stocks declared in IT Return

Artificial Intelligence is going to be next level and available to common people also simultaneously fraud also start happening. Be 🔔 Alert

📢 Attention all members! 📢 📅 Date: 18th June 2023 ⏰ Time: 09:00 AM to 10:00 AM (IST) 🌐 Platform: Google Meet 📚 Topic: Personal Finance - Question💰 Are you ready to take control of your financial future? Join us for an engaging and informative video meeting on the question of personal finance. Whether you're a beginner or already have some knowledge in the field, this session is designed to provide answers to your questions in mind. Video call link: https://meet.google.com/imn-nkcx-rft 📣 Let's unlock the secrets to financial success and embark on a journey towards financial freedom. See you at the video meeting! 💪💼💸 #PersonalFinance #FinancialSuccess #MoneyMatters #InvestingWisely #FINNowledge