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