FLAME Newsletter - July 03, 2013


QUOTE OF THE WEEK:

“I hope a day will come when we regard gold as any other metal, it just shines a little more than copper or bronze” - P Chidambaram, Union Finance Minister

YOUR FINANCE DEMYSTIFIED:

Want to trade commodities, here’s how

The Indian investment market offers a lot of investment avenues. Most of us usually invest in bank fixed deposits, PPF (Public Provident Fund), recurring deposits, insurance, bonds, etc. A few of us—who are market savvy—also invest in shares. For those who want to diversify their portfolios beyond shares, commodities are one of the best options. 

Commodities offer immense potential to become a separate asset class for market-savvy investors. Most investors consider investing in commodities as quite risky and complicated. But commodities are easy to understand as far as fundamentals of demand and supply are concerned. Retail investors should understand the risks and advantages of trading in commodities before making huge investments... Read more

Understanding concept of online commodity trading

Broadly speaking, commodity trading is an activity which involves investing/trading in commodities. It is similar to stock trading but instead of buying and selling shares of companies, a trader buys and sells commodities. 

Commodities traded are often goods of value, consistent in quality and produced in large volumes by different suppliers such as wheat, coffee and sugar. Trading is affected by supply and demand, thus, limited supply causes a price increase while excess supply causes a price decrease. Therefore, the process of commodity trading is directly or indirectly affected by the demand and supply in the market... Read more

DID YOU KNOW?

What is smishing?

Smishing is a combination of short message service (SMS or text messaging) and phishing (the act of emailing someone with the intent of obtaining personal information that can be used for identity theft). The name is derived from "SMs phISHING".

TERM OF THE WEEK

What are bonus shares?

Bonus shares are shares issued by the companies to their shareholders free of cost by capitalization of accumulated reserves from the profits earned in the earlier years.

IN THE NEWS THIS WEEK

RBI gets 26 applications for bank licence

Lack of proper check overseas led to card-skimming frauds

Borrowers approval not needed to share credit info: RBI

RBI to issue norms on wealth management services by June-end

Average AUM of MFs stands at Rs. 8.38 trillion in June

MFs invest Rs. 35bn in equity in April: SEBI

ABOUT FLAME

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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