What is an ETF(Exchange Traded Fund)? After the popularity of mutual funds in the last two decades here came an interesting investing object ETFs. ETFs make an investment in stocks of a particular index in the same weightage as of index which it follows. In an easy way, ETFs can be said as mutual funds that can be traded like stocks. ETFs can be traded at exchanges and the price depends on the buy and sells of units. Eg. Nifty ETF. How does ETFs work? Firstly the AMC buys the stocks with the same weightage as of index which the ETF will be following. Then these shares are divided into small units so that they can be distributed among the investors. And finally, these shares are then allotted to the investors. In case of more demand, the AMC can issue more shares and in case of low demand, the people can sell their shares back to the AMC. And after the allocation is done the AMC(Asset Management Company) which sponsors the ETF will list Read More: What is Nifty 50 and Sensex? How i...
How to Save Money? for Students For students how to save money has always been a question and not knowing some ways to save money can let us go out of cash. So, to avoid going out of cash you can use some of this way to save some bucks. →Make a budget Guys, sometimes we spend a lot of money than we should and to avoid that extra spending we should make a monthly budget of our expenses which would help you out in figuring out that for what thing how much we need to spend. You can simply just allocate your funds for different purposes and before allocation guys start investing b'cause investing early is more important than investing more. And to simplify making a budget there are various tools available on the Internet which you can use to make your budget and you can even use tools that can track your spending and notify you when you spend more than your budget. The budget also helps you to take a track record of your income and your expenses. And yes do not forget to write or note...