FLAME Newsletter - April 17, 2013


“Among the lessons of the recent financial crisis is the need for virtually everyone both young and old to acquire a basic knowledge of finance and economics” - Ben Bernanke, chairman, US Federal Reserve


Financial planning for the youth of India

The Indian youth never had it so good. On the consumption side, the choice of goods & services available is unprecedented. And as far as income is concerned, given the blooming economy & its ever improving prospects, opportunities have ever been better! So, the youth is earning a lot & spending a lot! It’s definitely a happy situation to be in!

As a college student, you should be focusing on your financial future as well as your studies. No, not the financial future consisting of next week’s pizza fund, but your long-term personal financial future. Make sure you start your life after studies on the right financial foot by treating your financial future seriously while you’re still in college… Read more

How to prepare for early retirement

Planning and saving go hand in hand

Every family and every family member has their own financial goals. Some wish to retire with a handsome bank balance while others wish to own a dream house or take a foreign tour. Any financial goal involves some sacrifices and planning for the future. Saving is the requirement of any financial plan. For saving a sufficient amount of money, you need a disciplined financial practice for the family. Here is how you can fulfill any financial with the help of savings… Read more

12 simple lessons to learn from Warren Buffett

A budget that you can follow

In today’s day and age where inflation is hitting the roof and even a meal outside for a family of four is a luxury, it is prudent for people to make and follow a budget to maintain a lifestyle. What’s more difficult is that while the value of money has reduced, our salaries/incomes are still the same. Thus, there is even more emphasis on a budget. Making a budget to keep track of expenses is not difficult, but following it is… Read more

Financial choices in your 20s


What is Bitcoin?

A kind of cyber-money, Bitcoin was initially traded among hackers and cryptologists, and increasingly traded on websites and exchanged for goods and services. Bitcoin is not managed like our normal currencies. Bitcoin has no central bank or regulatory authority—which controls it… Read more

Book Review

Millionaires Don’t Eat Cakes. . . They Make Them

If you walk into a bookstore, you will find that there are numerous books available on personal finance. There are abundant CDs and DVDs available in the market on this subject. However, most of these books are generally very theoretical and have plenty of jargons that are difficult to understand. Only a few books explain complicated financial topics in a simple and meaningful way.

One of them is Sanjay Matai’s, “Millionaires Don’t Eat Cakes. . . They Make Them”. The author explains the essentials of personal finance to the lay reader in a lucid manner. The book contains seven chapters and finally a comprehensive addendum at the end… Read more


What is IRR & how to calculate it?

The internal rate of return is usually used to calculate the profitability of investments made in a financial product or projects… Read more


Gold prices to fall further to $1,250/ounce in next 10 months

Average expense ratios paid by MF investors continued to decline in 2012

Equity MFs attract net inflows of Rs. 7.68bn in March

Norms for inflation-indexed bonds in a month: RBI

Insurance cos to review health insurances with TPAs: IRDA


FLAME (Financial Literacy Agenda for Mass Empowerment) is an IIFL initiative to promote financial literacy amongst the masses in order to make them an integral part of India’s spectacular growth story.

In an era of accelerating GDP and rising per capita growth, financial literacy has become more critical than ever before such that we all reap the tangible benefits of the nation’s economic prosperity. Financial inclusion has been quite high on the governmental agenda, given its emphasis on widening the Banking & Financial services network across the country. IIFL’s FLAME initiative stands committed to complement this effort by helping common people gain financial growth and security though better awareness and education on the variety of financial products while avoiding the lure of and loss from unrealistic claims made by unscrupulous agents and ponzi schemes.

Our objective is to light a FLAME, as the name suggests, which will set ablaze a chain of FLAMEs across the country. The new-found light of knowledge will undoubtedly dispel the dark clouds of financial illiteracy and ensure the bright sunshine of financial growth and prosperity.

This portal is but one of the various IIFL initiatives that would be part of FLAME.

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