Zerodha - Number One Discount Broker in India
- Thread starter Traderji
- Start date
You need to buy shares in all the 50 nifty stocks in the same proportion as their weightage on index. So if Reliance has 10% weightage and you have Rs 1lk, you need to buy 10k of Reliance, if Nalco is 1% then you need buy 1k of Nalco and so on of all the 50 nifty stocks..
Instead of taking all the effort, you could just buy nifty bees on the exchange which gives you the same effect indirectly.. Nifty bees are ETF's which mirror the Nifty move. More on ETF's here: http://www.zerodha.com/z-connect/blog/view/etf-exchange-traded-funds
Instead of taking all the effort, you could just buy nifty bees on the exchange which gives you the same effect indirectly.. Nifty bees are ETF's which mirror the Nifty move. More on ETF's here: http://www.zerodha.com/z-connect/blog/view/etf-exchange-traded-funds
NSE is owned and controlled by big, big banks. BSE is owned and controlled by big, big brokers. So, ideally, they shouldn't default. If in the most improbable circumstances they become defaulters, I'm sure they will be bailed out by the government like it happened in the US with Freddie Mac and Fannie Mae.
The thing which bothers me most is not the fact that NSE or BSE may default, it's the fact that our currency is losing it's sheen. Everyone would rather have dollars than rupees, so I guess it's going to go down further. What if the country defaults?
The thing which bothers me most is not the fact that NSE or BSE may default, it's the fact that our currency is losing it's sheen. Everyone would rather have dollars than rupees, so I guess it's going to go down further. What if the country defaults?
