Finance Articles

27 Jan 2023, 15:04

Equal-weight index: For diversified investments with low volatility

An equal-weight index is an index that gives equal weightage to all the stocks making up a benchmark. This weightage is based on free float market capitalization. An equal-weight index is different from a regular index in that it does away with restrictions based on free float market capitalization. An equal-weight index gives equal weightage to all the stocks making up a benchmark, which makes for a fairly well-diversified portfolio. When many of the market constituents witness strong rise in stock prices, an equal-weight index can deliver better returns than a concentrated portfolio. In an equal-weight index, as a result of the same weightages to all stocks, the level of sector concentration also becomes reduced.

17 Jan 2023, 19:22

How to check job card balance (Mgnrega payment details)

NREGA Job Card is given under the National Rural Employment Guarantee Act, 2005. After its launch, the scheme was renamed as MGNREGA, expanded as Mahatma Gandhi National Rural Employment Guarantee Act. This scheme is one of the most popular social measures of the Indian Republic to guarantee “the right to work” in rural areas of India.

13 Dec 2022, 17:51

Union Bank of India balance check enquiry number

There are around 2,000 branches for the bank across the globe and today Union Bank of India is fully CBS enabled with a turnover of over 2 lakh crores. Union Bank of India customers can access several convenient facilities offered by the bank to check their account balance and also perform several banking and other financial functions.