Category: Finance

Permanent Account Number (PAN) is an important identification and KYC detail associated with a Demat account in India. Therefore, if your PAN details change or a new PAN has been issued to you in a situation where a correction or replacement is legally required, you should update the relevant details with your Depository Participant (DP).…

Many Indian investors still have old share certificates in physical form that were issued years or even decades ago. These certificates can represent valuable investments, but holding securities electronically in a Demat account is generally more convenient for selling, transferring and managing them. The process of converting physical share certificates into electronic holdings is called…

Not All Debt Funds Are Cut From the Same Cloth Debt funds get grouped together often, as if they’re all interchangeable cousins offering similar stability. They genuinely aren’t. Two categories in particular sit at almost opposite ends of the risk spectrum within debt investing, and understanding that difference matters enormously before parking money in either.…

A monthly budget is a simple plan that shows how you will use your income during the month. It helps you control expenses, increase savings, manage debt and work toward financial goals. Creating a budget does not mean you have to stop spending on things you enjoy. Instead, it helps you understand where your money…

The 50/30/20 budget rule is a simple method for dividing your monthly income into three broad categories: needs, wants and savings or debt repayment. It is commonly used by people who want a straightforward way to organise their personal finances without tracking every individual expense. Under this approach, 50% of income goes toward needs, 30%…

A person’s name may change after marriage, divorce, a legal name-change procedure or correction of an existing name. When this happens, it is important to update the name in financial and investment records, including the Demat account. A Demat account holder can request a name change through the Depository Participant (DP) with which the account…

Zero-based budgeting (ZBB) is a budgeting method in which you assign a specific purpose to every rupee of your income. The goal is to make your planned income minus planned expenses, savings and investments equal to zero. This does not mean spending all your money. Instead, every rupee is given a job, such as paying…

A joint Demat account allows two or more individuals to hold securities together. However, circumstances can change, and an investor may want to remove a joint holder because of a change in the investment arrangement, family circumstances, or the need to maintain securities in a different holding pattern. One important point is that removing a…

An emergency fund is money kept aside specifically for unexpected financial situations. It can help you manage expenses such as job loss, medical emergencies, urgent repairs or sudden family needs without relying heavily on credit cards or high-interest loans. There is no single amount that is suitable for everyone. The right emergency fund depends on…

A Demat account allows investors to hold shares, bonds, mutual fund units and other securities electronically. However, an account that has not been used for a long time may be described as inactive or dormant by the Depository Participant (DP). This can become a problem when an investor wants to sell shares, transfer securities, participate…