We, at Chennaifocus have never blogged on Finance though it has been a part and parcel of our life. The interest to get into better finance management came with a real-time experience when the money I had invested in a normal FD after maturity failed to match the money value it had when the money was invested. Thanks to a friend, it marked my entry into stock markets and mutual funds. It was not an easy ride and more often it was a trial and error method and thankfully, I became wiser in investing my money and getting it to work for me.
Not many of us tread this path for the simple fear of losing money in the process. Unfortunately, in this industry, failures are talked about more than the success instilling insecurity in the minds of people who are yet to test it out. To be honest, you are losing money when investing in the so called safe methods of investing such as the FDs, Post office schemes and Government bonds simply because the interest it pays you does not beat the inflation and so you end up with the amount much lesser than the value you invested. To understand the way wealth must be built, we must invest in the capital markets.
An ensemble of uniformly dressed eight women employees in a yellow silk saree marked the grand inauguration of Bhartiya Mahila Bank (BMB) in Chennai on Tuesday. Chennai was one of the privileged seven cities to get an exclusive branch of the country’s first all women commercial bank.
The brainchild of Union finance minister P. Chidambaram, launched with a corpus of Rs 1,000 crore, hopes to empower women by primarily taking care of their special needs and requirement.
Money-Wizards, an IIM Alumni venture brings to Chennai high quality and accessible finance education for school children, college students, working adults, educated housewives and senior citizens. The courses are tailor made and do not assume any prior investment or finance knowledge. The programmes for school children are experiential in nature and exposes them to the world of money, finance and business.