Finance Tutorial & Roadmap

In a world where financial stability is the cornerstone of a fulfilling life, understanding. personal finance is more than just a necessity—it’s a pathway to peace of mind. This journey through savings, investments, and economic strategies is not just about numbers; it’s about crafting a life of abundance and security.

Finance is the study of how people or businesses manage their money. It’s all about the cash needed for business operations. This field covers everything from figuring out how much money is needed, getting it, using it, and then properly disposing of it. For any company, finance is absolutely crucial.

Note:

Guthumann and Dougall put it this way: “Finance is the activity that involves planning, growing, managing, overseeing, and increasing the capital for business use.”

Just having a business idea isn’t enough; it needs money to come to life and support all its activities. The main job of any organization is to make products or provide services. This can only happen if there’s enough money to cover all the costs. Likewise, any plans to get bigger and better can only happen with sufficient funds.

A business’s financial needs can be split into two parts:

  • Fixed Capital: This money is for long-term investments in projects and assets that will benefit the company over time. It’s used to buy things like land, buildings, and fixtures—stuff that lasts a long time.
  • Working Capital: This money is for the everyday running of a company. It includes managing current assets and taking care of short-term debts.

It’s important to note that just figuring out how much money you need isn’t enough. You also have to make smart choices about getting, using, and overseeing those funds.

This section talks about how the finance sector and financial systems are set up, how they work, and how they grow. It helps people understand how financial markets and institutions function.

Finance Overview

¡》The Pillars of Personal Finance:

At the heart of financial utopia lies the robust pillars of budgeting, saving, and investing. A well-planned budget acts as a blueprint for financial success, guiding us through our daily expenditures with foresight and control. Savings, the silent guardian of our financial future, provides a cushion against the unexpected twists of life. Investing, the art of making money work for us, unlocks the potential of compound growth, turning the cogs of wealth creation.

¡¡》Investment Strategies for the Bold and the Cautious:

Whether you’re a risk-taker or prefer the steady pace of conservative investments, there’s a strategy for every personality. Diversification is the key, spreading assets across various sectors to mitigate risk and capitalize on different market conditions. From the adrenaline rush of stock trading to the serene growth of bonds and mutual funds, the choice is yours.

¡¡¡》Navigating Market Volatility:

The financial markets are a dance of numbers, a symphony of highs and lows. Riding the waves of market volatility requires a blend of patience, insight, and timing. It’s not about timing the market, but time in the market that counts. Long-term perspectives triumph over short-term fluctuations, turning volatility into opportunity.

Complete Finance Tutorials

1. Personal Finance

A. Investment

  • Investment Basics: Works, Types & Examples
  • 10 Best Investment Options
  • 10 Essential Financial Tips for Young Adults
  • Top 10 Best Personal Finance Apps in India 2023
  • Taxes: Meaning, Types, Calculation & How to File
  • Credit Score: How to Improve Your Credit Score?
  • CIBIL | Full Form, Importance, Benefits and Factors
  • Who is Investor & What an Investor Do?
  • How I invested my 10 lakhs salary to get the maximum return in 2023?

B. Pan Card

  • Permanent Account Number | Full Form of PAN, Format, Eligibility and Types

C. Aadhaar Card

  • Aadhaar Card : A Complete Guide
  • UIDAI | Full Form, Features and Importance
  • Banks
  • Top 10 Best Private Banks in the World 2023
  • Bank Identifier Code | Full form of BIC, Need and Benefits
  • Bank Overdraft: Types, Advantages and Disadvantages

C. Debit Card

  • Credit Cards vs. Debit Cards: Pros & Cons

D. Credit Card

  • 10 Best Credit Cards in India

D. Fixed Deposit

  • Fixed Deposit | Features, Benefits and How to Invest
  • SBI FD Interest Rates 2023 | Fixed Deposit Calculator
  • ICICI FD Interest Rates 2024
  • Indian Bank FD Interest Rates 2024
  • Bank of India (BOI) FD Interest Rates 2024
  • HDFC FD Interest Rates 2024
  • IDFC FD Interest Rates 2024

E. Recurring Deposit

  • SBI RD Interest Rates 2023 | Recurring Deposit Calculator
  • Yes Bank RD Interest Rates 2024
  • Union Bank RD Interest Rates 2024
  • PNB FD Interest Rates 2024
  • Axis Bank RD Interest Rates 2024
  • PNB RD Interest Rates 2024
  • Bank of Baroda RD Interest Rates 2024

F. Net Banking

  • SBI Net Banking: Personal Banking, Registration & Login

G. Payments

  • Payment Banks in India
  • Bank for International Settlements (BIS): Full Form, Role and Functions
  • Merchant Banks: Features, Functions, Works, Benefits, Risks & Examples
  • Electronic Payment System: Types, Advantages, Disadvantages and Regulatory Bodies
  • Top 10 Best Payment Gateways in India 2023
  • NPA: Full Form, Types, Impact and Examples
  • RTGS
  • RTGS: Full Form, Limits and Charges
  • NEFT
  • NEFT : Works, Features, Advantages, Timing, Limit & Charges
  • IMPS
  • Immediate Payment Service (IMPS): Full Form, Features, Procedure and Charges
  • Cheque
  • Cheque Truncation System (CTS): Full Form, Working, Role and Advantages
  • Types of Crossing of Cheques

H. Loan

  • Home Equity Loan: Meaning, Works & Requirement
  • What is Payday Loan and How it Works?

2. Startup

  • Unicorns: Meaning, Valuation & Examples
  • Seed Financing: Meaning, Types, Stages & Sources
  • Angel Investment: Meaning, Working and Types
  • Difference between Angel Investors and Venture Capitalists
  • What are Venture Capitalists & How it Works?
  • Venture Capital Funding | Characteristics, Investment Process, Advantages and Disadvantages

3. Investment

  • Portfolio Management: Concept, Objectives, Process and Types
  • Professional Corporation: Works, Requirements, & Formation
  • Business-to-Business (B2B): Works, Importance, Types & Challenges
  • What is Investment Banking?
  • Real Estate Investment Trust (REIT): Criteria, Working, Types, Advantages and Limitations
  • Real Estate Investment: Features, Types, Examples & Careers
  • Compound Annual Growth Rate (CAGR): Formula, Calculation & Uses
  • Real Estate Agent: Meaning, Types & Need
  • Return on Capital Employed (ROCE): Full Form, Formula, Importance & Examples

4. Corporate Finance

  • Finance: History, Types, Purpose and Careers
  • General Obligation Bond: Features, Works, Benefits & Types
  • What is an Elevator Pitch?
  • Employee Stock Option Plan (ESOP): Full Form and Working
  • Annual General Meeting (AGM): Full form, Purpose and Objectives
  • Goods Received Note | Full Form of GRN, Importance and Process
  • Cost, insurance and freight (CIF): Full Form, Advantages and Disadvantages
  • Cost of Goods Sold (COGS): Formula, Examples, Importance & Limitations
  • Types of Company: Companies Act, 2013
  • Negotiation: Meaning, Process, Skills Required & Tips
  • Holding Company: Features, Structure and Types
  • Mergers and Acquisitions (M&A): Process, Reasons, and Types
  • What is Market Share and How to Calculate it?
  • Firm: Definition, Working, Purpose & Types
  • What is Market Capitalization and How to Calculate it?
  • Types of Financial Models
  • What is Financial Modeling and How to Build it?
  • What is Forex (FX) Trading and How Does it Work?
  • Fair Value Accounting | Principles, Advantages and Disadvantages
  • Types of Audit
  • Difference between KPI and KRI
  • Difference between Forfaiting and Factoring
  • Treasury Bill: Features, Types, Examples, Advantages & Disadvantages
  • Advantages of Internal Audit
  • Business Finance and Its Sources

5. Mutual Funds

A. Mutual Funds Basics

  • What are Mutual Funds?
  • How to Invest in Mutual Funds?
  • Systematic Investment Plan (SIP) | Meaning, Benefits and How it Works?
  • Systematic Withdrawal Plan (SWP) | Meaning, Working and Benefits
  • Assets Under Management (AUM) – Meaning, Impacts & How to Calculate
  • Asset Management Company (AMC) – Meaning, Functions, Fees, Examples
  • Expense Ratio | Meaning, Components, Restrictions and Examples

B. Mutual Fund Types

  • Types of Mutual Funds
  • Exchange Traded Funds (ETF) : Meaning, Types & Benefits
  • Emerging Market Funds: Features, Suitability and Advantages
  • Banking and PSU Funds: Features, Suitability & Advantages
  • Credit Risk Mutual Fund: Features, Suitability, Advantages & Disadvantages
  • Conservative Mutual Funds: Features, Suitability & Advantages
  • Commodity Mutual Funds: Meaning, Features, Suitability & Types
  • Money Market Funds: Features, Suitability & Benefits
  • Medium Duration Mutual Funds: Features, Suitability & Benefits
  • Ultra Short-Term Mutual Funds: Features, Suitability & Benefits
  • Closed Ended Mutual Funds: Meaning, Features & Suitability
  • International Mutual Funds: Types, Benefits & Factors
  • Value Mutual Funds: Suitability, Factors & Benefits
  • Corporate Bond Debt Funds – Meaning, Features & Suitability
  • Interval Funds – Features, Suitability and Taxation
  • Dynamic Asset Allocation Funds – Features, Suitability, Advantages & Disadvantages
  • Gilt Funds – Meaning, Features, Suitability, Advantages & Disadvantages
  • Aggressive Mutual Funds – Features, Suitability, Advantages and Disadvantages
  • Equity Mutual Funds – Features, Types & Benefits
  • Liquid Mutual Fund – Features, Suitability, Advantages and Disadvantages
  • Dynamic Mutual Funds – Features, Suitability, Advantages and Disadvantages
  • Overnight Fund – Features, Suitability, Advantages & Disadvantages
  • Balanced Fund | Meaning, Factors, Advantages and Disadvantages
  • Index Funds | Working, Factors and Advantages
  • Income Funds | Meaning, Features, Working and Benefits
  • Arbitrage Funds | Working, Features, Advantages and Disadvantages
  • Sector Mutual Funds | Meaning, Types and Factors
  • Small-Cap Mutual Funds | Features, Benefits and Taxation Rules
  • Mid Cap Mutual Funds | Concept, Features and Benefits
  • Large Cap Mutual Funds | Features, Benefits and Taxation Rules
  • Multi Cap Funds |Types, Factors and Risks
  • Global Mutual Fund | Features, Structure, Pros & Cons and Taxation Rules
  • Multi-Asset Allocation Fund | Purpose, Factors, Advantages and Disadvantages
  • Real Estate Funds | Meaning, Features, Advantages and Risk Associated
  • Contra Mutual Funds | Meaning, Factors and Benefits
  • Difference between Dividend Yield Mutual Funds and Dividend Options
  • Low Duration Mutual Funds | Working, Advantages ad Disadvantages
  • Equity Savings Schemes Funds | Features, Purpose, Advantages and Disadvantages
  • Open Ended Funds | Features, Advantages and Disadvantages
  • Dividend Yield Mutual Funds: Working, Factors and Benefits
  • Focused Fund | Concept, Purpose and Benefits
  • Hedge Funds | Features, Benefits and Working
  • Difference between Hedge Funds and Mutual Funds

6. Finance US

  • What is Probate & How it Works?
  • Modern Monetary Theory: Principles, Origin & Criticism
  • White Paper: Features, Purpose, Types & Examples
  • What is Scarcity and How it Works?
  • Carriage and Insurance Paid | Full Form of CIP, Features, Working and Benefits
  • What is Individual Retirement Account (IRA) and How it Works?
  • NASDAQ: Full Form, Working and Requirements
  • American Depository Receipts (ADRs): Full Form, Types, Advantages and Disadvantages
  • NASDAQ Composite Index: Measure & Performance
  • What is SPY ETF and How it Works?
  • Financial Engineering: Meaning, Types & Uses
  • Transfer Pricing | Concept, Purpose and Importance
  • Transfer Pricing Methods
  • What Is a High-Yield Savings Account? [July 2023]
  • Decentralized Finance (DeFi) and Challenges to Traditional Financial System

7. Stock Market

A. Stock

  • How to Invest in Share Market or Stock Market?
  • Blue Chip Stocks: Meaning, Features and Risks
  • Difference between Stock Dividend and Stock Split
  • What is Call Option & How it Works?
  • Bombay Stock Exchange (BSE): Full Form, Features, Functions and Importance
  • National Stock Exchange Fifty (NIFTY): Full Form, Calculation, Advantages and Disadvantages
  • Futures in Stock Market: Futures Contracts & Trading
  • What is Stock Market and How it Works?
  • What are Options and How it Works?
  • What is Paper Trading and How it Works?
  • Primary Market: Functions, Types, Advantages & Disadvantages
  • Secondary Market: Functions, Types, Instruments & Importance
  • What are Dividend Stocks and How it Works?
  • What is Equity Crowdfunding and How it Works?
  • What is Sweat Equity and How it Works?
  • Stockbroker: Meaning, Work, Types & Qualifications
  • Over-Hedging: Meaning, Causes, Effects & Examples
  • Intraday Trading: How to do, Benefits and Risks
  • Top 10 Best Value Stocks in India 2023
  • Penny Stocks | Meaning, Working, Advantages and Disadvantages
  • How to make money from Share Market?
  • Types of Capital Market
  • Multibagger Stocks | Concept, Characteristics and Risk Associated
  • Securities: Types, Investment, Regulation, Examples & Advantages
  • Small-cap Stocks | Meaning, Features and Advantages
  • Difference between Cash Market and Derivative Market
  • Top 10 Best Trading Apps in India 2023

B. Bonds

  • Bonds: Meaning, Types, Categories & Advantages

8. Schemes, Applications, & Agencies

A. Schemes

  • Atal Pension Yojna (APY): A Complete Guide
  • Equity Linked Saving Schemes (ELSS): A Complete Guide
  • National Pension Scheme (NPS): A Complete Guide
  • Sukanya Samriddhi Yojana (SSY): Features, Eligibility & Benefits
  • National Savings Certificate (NSC) – A Complete Guide
  • Voluntary Provident Fund (VPF) – Interest Rate, Benefits, Limit, Withdrawal Rules
  • Employees’ Provident Fund (EPF) | A Complete Guide
  • Post Office Saving Schemes | Advantages and Documents Required

B. Applications

  • NPCI: Full Form, Objective, Formation & Services
  • NACH: Full Form, Features, Objectives and Benefits
  • ECS: Full Form, Objectives, Types, Merits and Demerits
  • Applications Supported by Blocked Amount (ASBA): Full form, Benefits and Working

C. Agencies

  • NBFC: Full Form, Role, Objectives, Functions and Examples
  • MUDRA: Full Form, Objectives, Functions, Advantages and Disadvantages
  • International Finance Corporation (IFC): Full Form, Purpose & Objectives
  • ESI – Full Form, Registration Process and Benefits
  • CRISIL | Full Form, Functions and Effects
  • SWIFT: Full Form, Functions and Importance
  • FIPB : Full Form, Roles, Functions and Need

9. Financial Crimes

  • What is Money Laundering and How it is Done?
  • What is Ponzi Scheme and How it Functions?

If You Prefer a course;

And why go anywhere when our FREE  Finance Course helps you do this in a single program! Apply now to our Free Finance Program and our counsellors will connect with you for further guidance & support.

Conclusion:

Embarking on the path to financial freedom is an adventure filled with learning, discipline, and growth. It’s about making informed decisions, embracing the journey, and transforming aspirations into tangible realities.

With each step, we move closer to a future where financial worries are a distant memory, and economic bliss is the norm.

RELATED ARTICLES

  • Mastering Aptitude Questions and Answers
  • Modern Management Tutorial: Definitions, Functions and Styles
  • Human Resource Management (HRM) Tutorial
  • Income Tax Tutorial
  • Linux/Unix Tutorial &Roadmap
  • Project Management Tutorial: Mastering Project Management
  • Microsoft (MS) Excel & Formulas Tutorial
  • RESUME Tutorials – First Step to Interview Preparation

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top