Frequently Asked Questions

I would like to invest my money in market (<10K /year) - & I am new to investments -please suggest me regarding Shares. Which Bank’s Demat account is good for transaction? Also, each and every day our share value will change (increases) right, due to this we will get profit - Do we need to pay tax for this profit?

Since you are fresher to investments, take the mutual fund option as they are less riskier than shares but the funds will invest in stocks on your behalf. You don't need demat for mf investments but PAN card is a must. There is no need to pay tax on profits which are made after one year from the date of purchase as long term capital gains are nil. When such profit arises within one year, it becomes taxable at the rate of 10%.

I would like to invest my money in market (<10K /year) - & I am new to investments -please suggest me regarding Shares. Which Bank’s Demat account is good for transaction? Also, each and every day our share value will change (increases) right, due to this we will get profit - Do we need to pay tax for this profit?

Since you are fresher to investments, take the mutual fund option as they are less riskier than shares but the funds will invest in stocks on your behalf. You don't need demat for mf investments but PAN card is a must. There is no need to pay tax on profits which are made after one year from the date of purchase as long term capital gains are nil. When such profit arises within one year, it becomes taxable at the rate of 10%.   

I am beginner in the field of investment i montly savings is upto 2000.00 please guide where i have to invest for better income. I have interested in Shares can i buy shares of Rs.2,000?

SIP in an equity fund is a better option than stocks as it would be difficult to buy stocks for Rs 2000. YOu can look at investing in stocks directly after some time.

                                    

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