Mr.J
Level H
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Indian Stock Market and Mutual Funds
- Thread starter anmolbhard004
- Start date
Some potential strategies include long-short equity funds and inverse ETFs.
It can become a good option for higher income middle class investors, though I suppose it also depends on the expense ratio, should be less than 2-3% charged by PMS.
unlike earlier, no big announcement in railways sector.
overall market does not look that pleased about budget, looking for a bit of volatility in coming months.
Interesting stock considering push for agriculture and farmers.
honest1
Level H
What??
Are we strating stock recommendations here ???
kartikoli
Level I
Yeah but I think overall it will stabilize
I've subscribed 1 month plan for Goodluck Capital for 5k, basically they will give weekly recommendations (3 stocks/week) before market starts on Tuesday/Wednesday for swing period of couple of weeks. There 3rd stock almost hit the target in a single day and looks promising
- INDUSTOWER @410 Target @440 Stoploss @395
I am the last person to ask for advice, Please do your own research bro. I don't want anyone to loose money due to my recommendations.
These are just people doing chai-pe-charcha on market information or stocks they found interesting and funny(!).
These are not insider information, neither recommendations nor advise.
Just random people discussing stuff they found interesting.
If you see, I just checked how trades are going during budget times and future strategies, @kartikoli just shared what he found interesting. Discussed news which I found interesting. For eg., Avanti Feeds is a make and break kind of volatile stock for many people, in this budget due to lowering of taxes on shrimp feed, it's price went up, no idea whether it may crash later due to some other reason. Won't we all like some good shrimp dishes
If you see some YT channels, you will find trainers / traders / whatnot discussing how those at top and well connected influence markets and nobody bats an eye.
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Why you may need to pay Rs 7.80 lakh extra in tax to sell the same property after indexation rule change; get calculations here
Before the Budget 2024 was announced, the tax code had the indexation provision for property sellers in India. According to that, they would adjust a property's purchase price to reflect inflation's effect on it. So, if inflation outpaced the rise in the property's value or if the property lost...
www.zeebiz.com
New LTCG rule on property to hit homeowners hard: Below 9% annual property price growth, common in many cities, could mean higher loss now
Budget 2024 eliminated the indexation benefit on calculation of capital gain tax on property sales, imposing a flat 12.5% long-term capital gain tax instead. The Ministry claimed the majority of homeowners would benefit, but an analysis showed that those with slow or stagnant property growth...
Will cause some real distress for people wanting to sell property, unless govt make some amendments.
Earlier, people could buy bonds to cover this, anyone know whether the same is applicable now ? Doubts.
Silent47Assassin
Level E
LTCG bonds still exist and one can invest upto 50 lacs in a financial year.
Emperor
Level H
but lock in period will be 5 yrs. for that Govt. Bonds
Tracer_Bullet
Level F
This govt really is not leaving many options to public for dealing with inflation. Just tax tax tax everywhere. Cynical increase in STT too, just to make sure even more people lose even more money ( or make less for those who make money).
Only indian equities is an obvious option but that has its own quirks and is a bit heated these days esp small/midcaps.
1) 5.25% vs 2-3 % higher elsewhere ( esp senior citizens ). Against that, you do avoid immediate taxation.
2) 5 year lock
3) interest taxable at slabs. sucks if you make >15L
Only indian equities is an obvious option but that has its own quirks and is a bit heated these days esp small/midcaps.
Just listing down some negatives as i understood. Could be useful still. (54EC)
1) 5.25% vs 2-3 % higher elsewhere ( esp senior citizens ). Against that, you do avoid immediate taxation.
2) 5 year lock
3) interest taxable at slabs. sucks if you make >15L
Silent47Assassin
Level E
Yes. And the interest is not compounded and taxable as per slab.
Edit: Apologies, missed the post from @Tracer_Bullet. I agree with all the points but not sure what you mean by immediate taxation. The principal amount is tax free post lock-in too.
Tracer_Bullet
Level F
Without the bonds we will have to pay CG tax in that FY immediately.
So its a positive with the bonds as we can delay it and only need to pay on future interest income. And lose some to interest difference ( which is also taxable).
Bonds certainly seem to make sense if income is low and some of the interest becomes either tax free ( income < 3L i think) or is taxed at say 5%.
Also - not an expert, so verify.
Will check with my tax consultant about this indexation and bond thing when he is available.
btw. Does anybody know whether normal investors can use website: https://www.nsenmf.com/ to buy mutual funds ?
Or is it only for AMCs ?
btw. Does anybody know whether normal investors can use website: https://www.nsenmf.com/ to buy mutual funds ?
Or is it only for AMCs ?
Emperor
Level H
Membership
animishticomb
Level F
hope the govt reduces the ltcg for equity again too if they roll this back...otherwise giving preferential treatment to real estate vs a more "risky" asset like equity simply doesn't make sense...even now having the same treatment on ltcg for equity vs real estate doesnt make sense....
Market is on an all time high and going up almost constantly for past 1-2 years...so this is why it seems so 'risk free'....but anyone who knows equity will tell you that wealth can get wiped out in equity in a month just like that...which is not the case for real estate....so it is quite amusing that the government has taken such a short-sighted view on putting equity at the same rate of tax as real estate even though an investor in former is taking on much more risk....
It is amusing but not surprising as the govt is just being greedy and justifying any tax increases with whatever random reason like 'simplification' they can come up....like wtf...we work 1500-2000+ hours every year to earn money...I am sure we can spend 10 hours creating a tax return...so this simplification is complete nonsense...if someone is too lazy to go through the complexities let them pay more tax why is it the other way around?