Stock Market Course in Nagpur

Money your family cannot find is money they do not have

Over a working life, holdings scatter. A new job brings a new provident fund account. A relative recommends a fund house, so a new folio opens. A bank offers a better deposit rate, so another account appears. Each decision is sensible on its own. Together they produce a picture that exists only in one person's head.

When that person is suddenly unavailable — an illness, an accident, a long hospital stay, or worse — the family faces three problems at once.

They do not know what exists. Nobody receives a single statement listing every bank, broker, fund and policy. Assets are discovered slowly, from old letters and email, and some are never discovered at all.

They cannot prove a right to it. Where no nominee is registered, or the nominee is somebody no longer appropriate — a parent who has since died, a former spouse — the process of claiming becomes long, document-heavy and expensive.

They cannot act in time. Bills, fees and medical costs arrive immediately. Money that exists but cannot be reached for months does not help.

The large sums sitting in unclaimed deposits, dividends and shares across India are not mostly the result of fraud or negligence. They are the result of ordinary families who never wrote anything down.

None of this requires wealth to matter. A modest household with five accounts and no list has exactly the same problem as a large one — and usually fewer resources to solve it.

A one-page money map, and three things to check this month

The fix takes an afternoon and costs nothing.

Write one page. For every account — bank, deposit, demat, mutual fund folio, provident fund, pension, insurance policy, loan, locker — note the institution, the account or folio number, the registered nominee, any joint holder, and where the paperwork is kept. Do not write passwords on it. Store it where one named family member knows to look, and update it once a year.

Check nominations on the demat account and every fund folio. Each one carries its own nomination. SEBI has required investors either to register a nominee or to formally opt out, so check your status on each account rather than assuming.

Check nominations at the bank, on the provident fund and on insurance. These are separate from your investment accounts and from each other. A nominee registered with your broker does nothing for your bank deposits.

Understand that a nominee is not automatically an heir. A nominee makes it easy for the institution to release the assets. Courts have held that nomination generally does not override a will or succession law, so the nominee may be holding the money for the legal heirs. If you want specific people to inherit specific things, that needs a will, which is a separate document with its own formalities.

Once this is done, the family has what they need: a list of what exists, a registered person for each account, and a will that says what should happen. Most financial planning advice skips straight past this to returns. It should come first.

What the eight modules add

Stock Market for Beginners starts from zero — no finance background, no coding, no existing account — and is taught in a Hindi-English mix.

Module one is what you own and where it is recorded. A share is part of a business; a demat account is the record of it in your name at a depository. The depositories send a consolidated statement listing your demat holdings and mutual fund units together, which is the single most useful document for the money map above.

Then the institutions — exchanges, brokers, depositories, fund houses — and which one holds which record. Knowing that is what makes a family's search manageable.

Then order types, taught slowly, since early losses are often mechanical.

Then judging a company two ways: the price record through charts, and the business record through financial statements.

Then risk and sizing, individual taxation, and a yearly review routine — which is the natural moment to update the money map and nominations as well.

Recorded, so it fits around business hours or an office day, with WhatsApp support for questions.

Fees, and what to do before paying

Rs 2,500 against an MRP of Rs 5,500. One payment, permanent access, later updates included, enrolment at study.thefinbaba.com. Entirely online; there is no classroom in Nagpur.

Write the money map first. It is free, it takes an afternoon, and it protects your family more than any course can. Do it before enrolling in this one.

If you already trade derivatives, this foundation course is below your level. The F&O programme has its own page.

If you want somebody to tell you what to buy, there is no tips group, no signal service and no daily message anywhere on this site, and we manage nobody's money.

No assured or guaranteed return is offered here. Shares can fall sharply and stay down for years, which is why money needed on a known date belongs elsewhere.

We are not lawyers. Wills, succession and nomination law have specific requirements; for anything beyond the basics, consult a qualified professional.

The WhatsApp demo is free and comes before payment. The instructor is Atul Shrivastava — 16+ years trading, 8+ years mentoring, and a registered Zerodha Authorised Person (AP2516003481).

Disclosure: the account-opening link on this page is under Atul Shrivastava's Zerodha Authorised Person registration (NSE AP Reg: AP2516003481; Zerodha Broking Ltd. SEBI Reg: INZ000031633) and earns a revenue share. TheFinBaba is not a SEBI-registered Investment Adviser — this content is educational, not investment advice.