Pocket Money - SEBI Investor Awareness Website - Securities and ...
Pocket Money - SEBI Investor Awareness Website - Securities and ... Pocket Money - SEBI Investor Awareness Website - Securities and ...
What can you say from the above table?__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________Correct EMI to be paid by Sunny:Sunny’s father tells him something very encouraging. Sunnyactually does not have to pay EMI of Rs.1237 but it shouldactually be Rs.1177. There is actually a lengthy formula whichwill give you a correct EMI amount of Rs.1177. However itis not required for you to learn this formula at this stage. Letus see what happens if Sunny pays an EMI of Rs. 1177.Table 6MonthPrincipalInstallmentInterest rate(A)Installment13250117712Installment adjustment(B)Principal onwhichinterest ispayable(C)Interest(D)Principalrepaid(A) - (C)EBalanceofPrincipal(B) - (D)1 1177 13250 132.5 1044.5 12205.52 1177 12205.5 122.06 1054.95 11150.563 1177 11150.56 111.51 1065.49 10085.064 1177 10085.06 100.85 1076.15 9008.915 1177 9008.91 90.09 1086.91 79226 1177 7922 79.22 1097.78 6824.227 1177 6824.22 68.24 1108.76 5715.468 1177 5715.46 57.15 1119.85 4595.629 1177 4595.62 45.96 1131.04 3464.5710 1177 3464.57 34.65 1142.35 2322.2211 1177 2322.22 23.22 1153.78 1168.4412 1177 1168.44 11.68 1165.32 3.1398
The total amount to be repaid to father as calculated withoutapplying reducing balance method: Rs.________The actual amount that Sunny will have to repay: Rs. _________SUNNY TAKES A LEAP AHEAD!!!Sunny is very happy that he will have to pay less. And thenhis father suggests something even more fantastic. Sunny’sfather suggests instead of paying an EMI of Rs.1177 for 12months (1 year), Sunny can pay him an installment of Rs.624for a period of 24 months (2 years). Sunny can invest theremaining part of his savings which is approximately Rs.500per month in a very interesting “investment plan”. Sunny willactually stand to gain moreFather tells Sunny “I learnt about these wonderful investmentplans much later in life. I decided to save Rs. 1000 every monthat the age of 35 at an interest of 12%. Do you know how muchthat money has grown now that I am 45 years old?”Rs. 2,30,039Amountinvested/monthTable 7Rate ofinterestPeriodTotal amount(Rs)Sunny's dad 1000 10 years 12% 2,30,039Sunny500 30yrs 12%500 20yrs 12%20,98,766Now Sunny has learnt everything about Systematic InvestmentPlans in his PocketMoney course. If Sunny invests Rs. 500(from his savings or earnings), till the age of 25 and theninvests an additional Rs. 500 when he starts working, howmuch money do you think Sunny will have when he turns 45?Rs.20,98,766!!!!!!!!!!! So now we have seen the advantages ofinvesting early and staying invested for a long time.99
- Page 46 and 47: SMART PREVIEWStock MarketStock Exch
- Page 48 and 49: QRIOSITYCan you identify this build
- Page 50 and 51: Now, answer the following questions
- Page 52 and 53: Theory-WiseSecurities are financial
- Page 54 and 55: 10. Sensex:________________________
- Page 56 and 57: 16. Demat Account:_________________
- Page 58 and 59: Group: ____________________________
- Page 60 and 61: N. Gas: ___________________________
- Page 62 and 63: SMART PREVIEWMutual fundsInvesting
- Page 64 and 65: QRIOSITYThe triangle of investmentl
- Page 66 and 67: And ultimately they decided to call
- Page 68 and 69: MUTUAL FUNDS : CHOICES GALOREMr. Ma
- Page 70 and 71: EUREKA'S SOLUTIONSMr. Eureka, the f
- Page 72 and 73: Mr. Eureka’s assistant explains:_
- Page 74 and 75: 7. Mr. Roshan Vesuwala: About 30 ye
- Page 76 and 77: freelance fashion designer. Mr. Vis
- Page 78 and 79: SMART PREVIEWIn the next class we s
- Page 80 and 81: Q-RIOSITY“One that goes a - borro
- Page 82 and 83: COST OF BORROWINGFollowing are thre
- Page 84 and 85: What is Reducing Balance Method of
- Page 86 and 87: 5. Keep a list of all your card num
- Page 88 and 89: • Personal Loan• Education Loan
- Page 90 and 91: QRIOSITYRead the following statemen
- Page 92 and 93: Sunny’s Need/Want Analysis and Sa
- Page 94 and 95: What do you think is the solution t
- Page 98 and 99: Will Sunny be able to repay his loa
- Page 100 and 101: 3. Market regulators and institutio
- Page 102 and 103: tivities and help them understand o
- Page 104 and 105: ACTIVITY 3Advantage Maxima!! - The
- Page 106 and 107: What is delayed gratification?With
- Page 108 and 109: ones instant gratification. Provide
- Page 110 and 111: SESSION 3INVESTMENT : NURTURING THE
- Page 112 and 113: INVESTMENT MANTRAS:Money grows with
- Page 114 and 115: SESSION 4BASICS OF BANKINGDear Pare
- Page 116 and 117: SESSION 5STALKING THE STOCKSDear Pa
- Page 118 and 119: A SHARED FAMILY ACTIVITYWhether you
- Page 120 and 121: ACTIVITY 2Here is a summary of the
- Page 122 and 123: SESSION 6INVESTMENTS : THE WIDER SP
- Page 124 and 125: ACTIVITY 2Here is a table, which wh
- Page 126 and 127: SESSION 7BEYOND SAVINGS : BORROWING
- Page 128 and 129: SESSION 8THE FINAL COUNTDOWNDear Pa
- Page 130 and 131: ACTIVITY 1The entire family must si
- Page 132 and 133: • The long-term maturity will all
- Page 134 and 135: ACTIVITY 3A few Points to ponder wi
- Page 136 and 137: TABLE 2Prioritize the factors that
- Page 138 and 139: ACTIVITY 3MINI QUIZ1. The interest
- Page 140 and 141: Money maxims
- Page 142 and 143: Smart Money FundaeAs children why s
- Page 144 and 145: Smart Money FundaeRequirements for
The total amount to be repaid to father as calculated withoutapplying reducing balance method: Rs.________The actual amount that Sunny will have to repay: Rs. _________SUNNY TAKES A LEAP AHEAD!!!Sunny is very happy that he will have to pay less. And thenhis father suggests something even more fantastic. Sunny’sfather suggests instead of paying an EMI of Rs.1177 for 12months (1 year), Sunny can pay him an installment of Rs.624for a period of 24 months (2 years). Sunny can invest theremaining part of his savings which is approximately Rs.500per month in a very interesting “investment plan”. Sunny willactually st<strong>and</strong> to gain moreFather tells Sunny “I learnt about these wonderful investmentplans much later in life. I decided to save Rs. 1000 every monthat the age of 35 at an interest of 12%. Do you know how muchthat money has grown now that I am 45 years old?”Rs. 2,30,039Amountinvested/monthTable 7Rate ofinterestPeriodTotal amount(Rs)Sunny's dad 1000 10 years 12% 2,30,039Sunny500 30yrs 12%500 20yrs 12%20,98,766Now Sunny has learnt everything about Systematic InvestmentPlans in his <strong>Pocket</strong><strong>Money</strong> course. If Sunny invests Rs. 500(from his savings or earnings), till the age of 25 <strong>and</strong> theninvests an additional Rs. 500 when he starts working, howmuch money do you think Sunny will have when he turns 45?Rs.20,98,766!!!!!!!!!!! So now we have seen the advantages ofinvesting early <strong>and</strong> staying invested for a long time.99
Change language