Hi TJ's
I am a software employee joined in an MNC last month dec-09 i earn 3lk pa i.e, 21k pm and after all the expenses i am left with 17k-18k and as my interest in shares and basic knowledge about stock markets i am planning to invest in it.
My planning goes on as follows
i want to start by investing small amount 1000 pm and continue to do that for 6 months, after understanding the things to an extent i would like to increase the amount to be invested.I am not interested in day trading only looking for long term gains.But would sell if the gains are good.I am expecting a profit of around 20-30%.
The portfolio i'm planning is like this
As an example-15 shares of GVK infra,10 shares of India bulls,5 of Cipla,5 of Andhra bank ...like that i want to grow my portfolio every month and diversify into various sectors having good fundamentals.
The suggestions i want are
1.What brokerage firm is useful for small investors like me?( I have my salary acc in hdfc and they opened demat + trading acc(3 in 1) also but i heard it's not so beneficial)
2.I am still confused over the capital gains tax(short n long),STT,n othe taxes and how to calc them precisely
3.How many min shares can i buy?i heard that we can buy even a single share but the info on brokerage firms about Rs20/lot confuses me.What is lot?Does it mean do i have to buy 20 shares?
4.My office timings are 9am-5pm so its difficult for me to trade in office as i can't install software there. is there any option to call broker or SMS him reg buying and selling of my shares?Are there any charges for it?which firm has this option?
Plz reply as this information is going to be useful for fellow software employees like me n my friends.
I am a software employee joined in an MNC last month dec-09 i earn 3lk pa i.e, 21k pm and after all the expenses i am left with 17k-18k and as my interest in shares and basic knowledge about stock markets i am planning to invest in it.
My planning goes on as follows
i want to start by investing small amount 1000 pm and continue to do that for 6 months, after understanding the things to an extent i would like to increase the amount to be invested.I am not interested in day trading only looking for long term gains.But would sell if the gains are good.I am expecting a profit of around 20-30%.
The portfolio i'm planning is like this
As an example-15 shares of GVK infra,10 shares of India bulls,5 of Cipla,5 of Andhra bank ...like that i want to grow my portfolio every month and diversify into various sectors having good fundamentals.
The suggestions i want are
1.What brokerage firm is useful for small investors like me?( I have my salary acc in hdfc and they opened demat + trading acc(3 in 1) also but i heard it's not so beneficial)
2.I am still confused over the capital gains tax(short n long),STT,n othe taxes and how to calc them precisely
3.How many min shares can i buy?i heard that we can buy even a single share but the info on brokerage firms about Rs20/lot confuses me.What is lot?Does it mean do i have to buy 20 shares?
4.My office timings are 9am-5pm so its difficult for me to trade in office as i can't install software there. is there any option to call broker or SMS him reg buying and selling of my shares?Are there any charges for it?which firm has this option?
Plz reply as this information is going to be useful for fellow software employees like me n my friends.