(OVER) [Financial Year 24-25 Contest] Comment and Win Amazon Gift Cards and Prime Vouchers

Q5: Share a thread (max. 3) link from Finance Section which helped you. You may comment reason as well.

Q6: What is Repo Rate and Reverse Repo?

Entry allowed till 10 Apr, 9AM

5) https://ddime.i...yl

6) Repo Rate and Reverse Repo Rate are contradictory. Banks borrow money from RBI at Repo Rate, and on the other hand, they lend money to RBI at Reverse Repo Rate. RBI uses Repo Rate as a mechanism to control inflation and Reverse Repo Rate to manage money flow.

Day 1, Set 3 (09 Apr, Evening)

Q1: Share a thread link from Finance Section which helped you. You may comment reason as well.

https://www.desidime.com/discussions/12-club-...re [This helped understand the risks involved and helped me balance my portfolio]
https://www.desidime.com/discussions/reco-for-s... [This was in DnD but related to finance, got good reco for account keeping softare, which i use today as well]

Q2: What is Repo Rate and Reverse Repo?
The repo rate is the rate at which the central bank lends money to commercial banks in exchange for securities, while the reverse repo rate is the rate at which the central bank borrows money from commercial banks by selling securities.

3.  32

4 .  MF & SIP

Day 1, Set 2 (09 Apr, Afternoon)

Q3 : . At what age did u applied your first credit card? - 22 years, right after I started working, CC approval was easy with salary account.

Q4 : 2. What will u prefer for investment ? SIP or Mutual fund or anything else (Please mention in comment)

1. SIP in Mutual funds (5-10 years, redeeming every year for LTCG)

2. NPS/PPF/SSY/SGB (long term 15+ years)

3. FD for short term

5. https://ddime.i...Ki

6. Repo rate - interest rate at which the RBI lends money to commercial banks

Reverse repo rate - Interest rate at which commercial banks can park their surplus funds with RBI

Q3 : . At what age did u applied your first credit card?

Ans3: 24

Q4 : 2. What will u prefer for investment ? SIP or Mutual fund or anything else (Please mention in comment)

Ans4: Mutual Fund

5. https://www.desidime.com/discussions/no-cost-em...

6. Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. 

Reverse Repo Rate: This is the rate the central bank of a country pays its commercial banks to park their excess funds in the central bank. Reverse repo rate is also a monetary policy used by the central bank (which is RBI in India) to regulate the flow of money in the market.

5) https://www.desidime.com/discussions/5-sbi-cash...

6) repo - control inflation

Reverse repo - control economy's liquidity 

At what age did u applied your first credit card?  21
Q4 : 2. What will u prefer for investment ? SIP or Mutual fund or anything else (Please mention in comment)   Lumpsum in Stocks based on valuation and growth and management

Day 1, Set 1 (09 Apr, Morning)  ( answering at 8PM )
Q1: When was Finance Section launched on Desidime? Month and Year

Q2: What is IPO? What was your last IPO applied? Intial public offering , Creative Sme ipo

Share a thread link (max. 3) from Finance Section which helped you. You may comment reason as well.

some credit card related query 

Q2:Q6: What is Repo Rate and Reverse Repo?

Bank get money from Rbi at certain rate that is called Repo rate , and if the situation reverse that is if RBi deposit money from Bank then rate at which deposit is Reverse repo rate

5. https://www.desidime.com/discussions/how-to-pic...

6.  Repo rate- Interest Rate at which Central Bank of country lends to financial institution

Reverse Repo rate- Interest Rate which financial institution gets for lending money to Central Bank of Country

A5.https://www.desidime.com/discussions/airtel-axi...

A6. Repo Rate—-It is the interest rate charged by the RBI when commercial banks borrow by selling their securities to the central bank. Basically, it is the interest charged by the RBI when banks borrow from it - much like commercial banks charge you interest for a car loan or home loan

Reverse Repo Rate—-It is the opposite of the repo rate. It is the interest RBI pays commercial banks when they store excess cash reserves. This is used by the RBI to control the flow of cash in the economy.This allows the RBI to 'mop up' excess cash by making it more profitable for commercial banks to store cash reserves with the central bank.

Repo Rate :: Interest Rates At RBI Lends Money To Banks , Reverse Repo Rate Is The Interest Rate At Which The RBI Pays Commercial Banks For Depositing Surplus Funds.

1. https://www.desidime.com/discussions/jio-paymen... (Alerted All My Friends Who Have Jio Payments Bank )

2. Sbi Cashback card Guaranteed Approval , Post Created Last year Financial Year Ending. (Unable To Find Link In Search)

3. Rupay Platinum Debit Card Discounts Where Abhishek Solves The Problem Whenver 20% Discount Not Wokring On Amazon (Multiple Links Available On This Topic)

Q5: https://www.desidime.com/discussions/list-of-mu...  : as it helped me to know some methods to get CC

Q6: Main business of bank is giving loan. For giving loan they use money deposited by other customers. But that deposited money isn't enough. So, they take loan from RBI and the interest rate which RBI charges to banks is known as REPO RATE.

If at any time after giving loans, banks still have some excess money left. They give their excess money to RBI to keep for a short period. For that period RBI gives the banks an interest for keeping that money. That interest rate is known as REVERSE REPO RATE.

5 : Kotak account debit freeze please help | DesiDime , this thread now, i will precautionally avoid extra Upi txns of 2-3k amounts or self ac to self ac transfers

6. RBI borrows money from banks at less rate is called reverse repo rate

RBI lend money to banks at higher rates called repo rate

5-https://www.desidime.com/discussions/hdfc-tata-...

6- Repo & Reverse Repo Rate are both key monetary policy tools used by central banks to regulate liquidity and credit conditions in the economy.
 Repo Rate is the rate at which the central bank lends money to commercial banks against securities like government bonds.
Reverse Repo Rate is the opposite of the Repo Rate. It is the rate at which the central bank borrows money from commercial banks.

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A6:
Repo rate: A repurchase agreement or repurchasing option, refers to the interest rate at which commercial banks borrow money from the central bank, pledging government securities as collateral.

Q.7 - Who did launch first Mutual fund scheme in India ?

Q.8 - Which is the best Mutual Funds according to you ? and why ?

Entry valid till 7PM today

cc : @bikidas2060

A7: In 1963 by Unit Trust of India (UTI), at the initiative of the Government of India and Reserve Bank of India ‘with a view to encouraging saving and investment and participation in the income, profits and gains accruing to the Corporation from the acquisition, holding, management and disposal of securities’.

A8: Looking at Gold rally and Geopolitical risks, personally I feel any Gold fund is best right now. Personal Favourite:

7. UTI

8. Pass

Q7 :: UTI (1964)

Q8 :: SBI Mutual Fund Because Of Maintaining Good Financial Stability , After Vijay Malya Escape Sbi Converted Zero Balance To Paid Savings Account For 2 Years , Sbi CC Reward Points Earned Is Taken Back 🔙, Giving Pre-Approved Loan At Suitable Amount , While Other Banks Gives Pre-Approved Loans Bigger Amount.

7) 1963, Government of India Launched Unit Trust of India ,UTI

8 ) SBI mutual funds , optimal long term returns 

7) Unit Trust of India ,UTI

8) Parag Parikh Flexi Cap Fund Direct Growth. moderate risk, major holding in large cap

Day 2, Set 1 (10 Apr, Morning)

Q.7 - Who did launch first Mutual fund scheme in India ?
Answer: Unit Trust of India (UTI) in 1963

Q.8 - Which is the best Mutual Funds according to you ? and why ?
Answer: Parag Parikh Flexi Cap Fund was absolute best when it had exposure to US stocks but even now it has been doing good and stands out as a potential performer in long run

7) Unit trust of India (UTI)

8) CAN'T SAY FOR NOW

1. UTI

2. Nippon India Growth Fund