Investments

Fixed income
Government securities, debentures, or bonds
Variable income
Equity shares, preference shares
Fixed income
In this type, interest accrued from the date of last payment to the date of
transaction is to be done
Ex interest means interest is included in the price of the security
Cum-interest means purchase price interest
Interest is always calculated on nominal value
If the quotation is not qualified, the same will be treated as ex-interest quotation