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Summary: Microcredit refers to small loans provided to low-income entrepreneurs and individuals without collateral. This article explains the concept and benefits of microcredit in India, how it promotes entrepreneurship, financial inclusion, and poverty alleviation through access to credit for income generation.
The Indian stock market holds several prospective options where you can choose to invest in single stock or a group of stocks from either the same or different sectors. In case you have started researching about stock investing, you might have heard about market indices and their working. NIFTY is one prominent index in the National Stock Exchange that mirrors the performance of the top 50 companies in the market in terms of capitalisation. In this article, you will understand the meaning of NIFTY, its workings, and explore how it can be a valuable asset in your investment portfolio.
Before getting into the specifics of NIFTY, it's essential to understand the concept of an index in the financial market. An index is essentially a statistical measure of the changes in a particular set of securities over time. It provides a snapshot of the market's overall performance, reflecting the ups and downs of the included stocks.
NIFTY, short for National Stock Exchange Fifty, is the flagship index of the National Stock Exchange of India (NSE). It consists of the top 50 companies listed on the NSE, representing various sectors of the Indian economy. These companies are selected based on their market capitalisation and liquidity and several other factors.
NIFTY works on the free-float market capitalisation methodology, which takes into account only the tradable shares of a company. This ensures that the index reflects the true market value of the companies included. The index is calculated using a weighted average market capitalisation, where larger companies have a more significant impact on the index movement.
You can open a 3-in-1 account with IDFC FIRST Bank with zero charges integrating your bank account, trading account, and demat account to invest in stocks, bonds, debts, NIFTY, etc. effortlessly.
For a company to be part of the NIFTY index, it must meet certain eligibility criteria. This criteria includes a history of positive net worth, a regular trading frequency, and compliance with various regulatory norms. Here are the common requirements:
Investing in the NIFTY index can be done through various financial instruments such as index funds, exchange-traded funds (ETFs), and index options. These instruments allow investors to gain exposure to the entire index without purchasing individual stocks.
The most efficient way to invest in NIFTY is by opening a 3-in-1 demat account with IDFC FIRST Bank. It is a joint offering by IDFC FIRST Bank and ICICI Securities where your trading account is managed by ICICI Securities and the bank account and the demat by IDFC FIRST Bank. The 3-in-1 account combines a savings account, trading account, and demat account, streamlining the investment process. By opening this account, you get the following benefits:
NIFTY is suitable for a wide range of investors, right from beginners to seasoned professionals. It is particularly beneficial for those seeking a diversified portfolio with exposure to the Indian stock market without the complexities of managing individual stocks.
NIFTY is an important index in the Indian financial market, providing investors with a reliable benchmark for gauging market performance. Understanding its working methodology and the various ways to invest in it can empower you to make informed investment decisions. Whether you are a new or experienced investor, exploring the potential of NIFTY could be a wise step towards building a robust and diversified investment portfolio.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.