New
Investors Cheers!
Tax Deduction Benefit with High Return in Stock Markets for New
Investors.
Special “RGESS Stock
Investment Advisory Plan”
Preface:
RGESS
is one of the most important steps taken by the GoI to increase the investment
of retail investors and bring new investors into Indian Capital Markets.
Promoters,
HNIs, FIIs and wealthy people have made enormous wealth out of economic growth
of India through stock markets in past decade. However, the average citizen of
India, and that too someone who is living out of top metro cities of India has
remained aloof and devoid of this benefit.
We urge
all new investors to take benefit of tad deduction with high return in stock
markets as well as to contribute and gain from the growth of Indian stock
markets by participating in RGESS.
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We have introduced Special
Advisory Plan for first time investors in RGESS named “RGESS Stock
Investing Plan”
Below are the main
features of the same:
·
Consultation charges: The
yearly fee is kept at Rs.1500 only.
·
What you get: You will tell us
how much you are going to invest under RGESS and on that basis we will give
stocks to invest.
·
Quarterly
Updates/Monitoring/Review: Free quarterly portfolio report- in this you will
receive update, return, and modifications if any in your portfolio suggested by
us.
·
We also have yearly Rs.7000 Annual Membership
plan under our ‘INDIAN INVESTORS CLUB’ Service for those who want to invest
more amount regularly.
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Below are the highlights and
important facts regarding the RGESS:
·
The scheme was made available from 23 November, 2012 which
falls in fiscal year 12-13.
·
This scheme is basically aimed at incentivizing first time
investors to invest in stock markets. You need to open a new demat account for
the same. If you have an old demat account then also you can invest under RGESS
if you have not done any transaction in that account ever.
·
You cannot invest under RGESS if you have ever invested by
your demat account in equities or derivatives.
·
The universe of stocks you can invest is also
limited/prescribed. You can invest in any of the following stock only.
1.
Stocks in BSE 100 Index
2.
Stocks in NSE CNX 100 Index
3.
Maharatna, Navaratna and Miniratna PSU Companies
4.
ETFs and MFs listed on stock exchanges, NFO of eligible MFs
5.
FPOs of all stocks covered above
6.
IPOs of PSU companies having 51% GoI stake and annual
turnover of Rs.4000 cr in last 3 years
·
To take tax deduction benefit you have to keep the
investment for atleast 1 year. This is lock-in-period. After 1 year you can
take benefit of flexible lock-in period in limited manner with limited churning
(buying and selling of shares).
·
The tax benefit will be given to new investors having
maximum income of less than Rs.10 lakh per year.
·
The tax benefit is available only once in lifetime per
person as of now.
·
The tax deduction claim will be withdrawn/reversed if lock-in-period
stipulations are violated.
·
Maximum investment per person is only Rs.50,000. This will
give a maximum tax benefit of Rs.5000 on 20% tax slab and Rs.2500 if you are on
10% tax slab.
WHY RGESS IS
IMPORTANT AND POSSIBLE POSITIVE EFFECTS ON STOCK MARKETS, COMPANIES, AND
INVESTORS:
·
According to one research India will
need 145 trillion rupees in next 5 years to ensure GDP growth of 7.5%, of which
Rs.26 trillion would be required from capital markets.
·
India has an estimated 15 million or
1.5 crore individuals out of the 2.5 crore tax payers whose annual income is
less than Rs.10 lakh. If half of these individuals were to invest the full
limit of Rs.50000 in the equity markets, the Indian stock markets can receive
just around USD 12 billion or 67200 crore rupees, which almost half the annual
FII new inflows. Thus, this scheme can help a lot to corporate, and capital
market industry as well.
·
According to one survey only11% of
domestic households (24.5 million of 227 million) invest in equity, debt,
mutual funds, derivatives and other instruments in the capital markets, which
is very low, while direct and indirect part of investment into equity stands at
a little less than 4% of the total household savings. It is noticeable that in
2011 retail investor participation as a percentage of the total population in
India was just 1.3%, where as in the USA it was 27.7% and China it was10.5%, Thus,
this scheme can help to increase the participation of people into stock market
at par with other major economies.
·
The Govt also want to decrease their
fiscal deficit and trade deficit by indirectly demotivating investment into
gold.
Wait no more…
Contact us today &
Start Investing!
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