This is the 1st installment of our 2 part series on ETFs.
What are ETFs?
ETFs are a basket of securities that are listed and traded on a recognised stock exchange. Simply put, they are mutual funds, whose units can be bought and sold on the stock exchange.
What are SWFs?
Sovereign Wealth Funds (SWFs) are part of a country’s foreign exchange reserves that have been separated to invest in global equity, infrastructure, commodities and other financial instruments. Your country holds several billion dollars in forex reserves. Normally, these would just lie there, growing at a paltry interest rate.
Do you like taking risks when it comes to making investments? Have some cash and want to keep it liquid but wouldn’t mind some interest on it?
If you answered ‘yes’ to any of the questions above then Fixed Deposits (FDs) are an option you could consider.
If you are looking to invest in India, do you sometimes wonder where to start?
Do you think India with its mature capital market, relatively control free economy and backed by professional banking services offers diversified investment options?
The first step is to assess your personal need for liquidity, capacity to take risks and the returns you are looking for.
In the US, the Social Security card is of paramount importance as it helps to identify each resident taxpayer. Its Indian equivalent is the PAN card.
What is PAN?
Permanent Account Number (PAN) is a 10-digit alphanumeric code that is issued to taxpayers in the form of a laminated card.
In January 2008, MOBI Chairman Phil Holland was invited by the U.S. Department of State to share MOBI business training with Indian entrepreneurs. Phil visited Mumbai, Indore, Bhubaneshwar, Kolkata, Madurai and Chennai. While all presentations were in English, Indian entrepreneurs were delighted to learn that the MOBI course is also available free in Hindi, thanks to the World Bank.
Is the insurance industry set to spread its wings in India? How much can it grow? The segment is still very small and can expand prodigiously given the right conditions, say industry watchers.
When the insurance in India was reborn in 1999, modest projections were put forth for the fledgling private segment of the industry.
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