Hello everyone..
I am egarly waitnig and would like to invest my about 1 lack in stock market.
1)Is it ok amount to start with? i would like to put for say period of 9 months to 3 years.
2)How much i have to pay in tax and other fees on my earning on that?
Thanking you very much.
2007-02-14 20:54:04 · 9 answers · asked by bfumakiya 2 in Business & Finance ➔ Investing
1) 1 lac is a huge amount to start with.. i started with just 5K on hand. 9 months to 3 yrs mmm It all depends on your needs and the reason for which you have put your money in. I would advise you to pick some quality companies and put money on them and leave it aside for atleast 5 yrs. Ofcourse you need to track the company and the stock price and add positions accordingly.
If you are not willing to do this, go for mid term targets probably 4 to 6 months. But you should be very aware of when to enter and exit.
2) If you are going to sell your share with in 1 yr of buying and if you are making any gains, 11.22 % shall be deducted as taxes. If the gain is Long term capital gain (selling date - buying date > 1yr) it shall not be taxed.
2007-02-14 23:28:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
well no money is enough . but still ilac is quite fair amount to start with if u r new in the game then go 4 mutual fund. u will hv to invest each month and will geting huge return after some time but if u dont hv petience then go 4 stock market but b careful and keep ur eyes open
2007-02-14 21:08:34 · answer #2 · answered by coolsurajmehta 1 · 0⤊ 0⤋
1 Lakh is enough but start by applying in IPO'S.Then slowly shift to equities and trade long(1-5 yrs.)Invest in blue chip companies and don't ever enter to Future and options trading without prior knowledge and an experience of atleast 3 yrs. If you hold any share for more than 1 yr then u don't pay any tax but if lees than 1 yr than u pay 10% tax. HAPPY INVESTING!!!!!!!!
2007-02-14 22:28:03 · answer #3 · answered by hi 3 · 0⤊ 0⤋
Hi,
If ur so new to market, my suggestion is to put your money in Mutual Funds. Even for that study the currently available MFs in market for its past performance and invest.
Best of luck.
2007-02-14 23:31:36 · answer #4 · answered by Newtomarket 1 · 0⤊ 0⤋
Yes Rs 1,00,000 is sufficient.
If you invest for 1year and above no tax is payable.
Best of luck.
2007-02-14 21:12:10 · answer #5 · answered by Cdp 3 · 0⤊ 0⤋
50 % profit 2 me
10% tax 2 govt
it is more than enough
but trade in commodity index future
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2007-02-14 21:01:05 · answer #6 · answered by dinu_pawar 5 · 0⤊ 1⤋
Hi,
It is not enough for long term holding of shares and in bulk. It is enough for short/intraday for little value shares.
2007-02-14 22:41:24 · answer #7 · answered by Narayan akul 2 · 0⤊ 0⤋
You just invest 50,000/- in Kotak mahindra stock software with deposit it will cost totally 50,000/- you can buy sell stocks with 50,000/- only.
2007-02-14 20:56:44 · answer #8 · answered by JJ 4 · 0⤊ 0⤋
100,000 Rs is more than enough for entering the stock market. please avoid F&O take longterm stocks
2007-02-14 21:46:58 · answer #9 · answered by Anonymous · 0⤊ 0⤋