Forex Trading and Depository Services in India

Forex Trading Strategies and Depository Services in India

Quick Login login
  • Overview
  • Equity
  • Equity Derivatives
  • Currency
  • Commodities
  • Mutual Funds
  • ETFs
  • IPOs
  • Income Tax Advisory
  • RGESS
  • Depository Services

At Wealth Discovery we offer a wide range of product, services and tools that cater to cater to all our client needs, if you are new to the stock market, an avid investor or a savvy trader, no worries you will find everything you need right here

Beginners

We have taken special care in designing products that would help our clients who are taking their first step in the financial markets. Through our center for financial learning you can acclimatize yourself with the basics of Investing. Our Virtual Trading Experience then provides you the perfect tool to learn the nuances of trading. The seamless integration between the banks, trading window and the demat account makes your real trading hassle free The reports section coupled with our powerful portfolio tracker work in consonance to enable you to track and review your investments. To add to your convenience, you could contact your relationship manager at any time to iron out difficulties that you might encounter across the entire process.

Investors

It’s our duty to guide our clients with sound investment advice in a timely manner. Our research desk will keep apprising you of the profitable opportunities in the market. Our advance screening tools will help you in making the right investment decision. You can use our advanced Portfolio Tracker to maintain different portfolios and have a composite view at the same time, making the tracking process extremely user friendly. Using our advanced trading platform you can invest across asset classes into Equities, Derivatives, Currencies and Commodities and also add Mutual Funds and investments to NPS in your investment portfolio. The reports section always allows you to be aware of your holdings and funds situation, thus always giving you complete control over your current and prospective investments. As the icing on the cake, we always have a relationship manager eager to hear your problems and troubleshoot them.

Traders

Leverage and low commissions are the biggest requirements for the trading clients and we understand that. We have designed several products keeping this in mind. Our market renowned technical research desk will keep apprising you of the profitable opportunities in the market. Be it an intraday opportunity, a BTST or a positional call, you can rest assured that you will not miss anything with us. Using our state of art trading platform you can invest across asset classes into Equities, Derivatives, Currencies and Commodities with speed and efficiency; you can also make online fund transfer seamlessly. The reports section always allows you to be aware of your holdings and funds situation thus always giving you complete control over your current and prospective trades.

Why trade Equities with Wealth Discovery?


Product Breadth:

Cash Trading: This is a delivery based trading system, which is generally done with the intention of taking delivery of shares or monies.

Margin Product: You can also do an intra-settlement trading upto 3 to 4 times your available funds, wherein you take long buy/ short sell positions in stocks with the intention of squaring off the position within the same day settlement cycle.

MarginPLUS Product: Through MarginPLUS you can do an intra-settlement trading upto 25 times your available funds, wherein you take long buy/ short sell positions in stocks with the intention of squaring off the position within the same day settlement cycle. MarginPLUS will give a much higher leverage in your account against your limits.

Exchange Breadth:

Through Wealth Discovery, you can trade on NSE as well as BSE.

Multiple Platforms:

Instant trading through the Internet with any medium. (Desktops, Tablets and Mobiles)
CallNTrade® allows you to call on a number & trade on the telephone through our Customer Service Executives.

Value Additive Brokerage Structure:

Allows you to choose from several customized/multiple brokerage plans to suit your trading needs.

Actionable Profitable Research:

Enables better decision making with the help of actionable stock tips

FAQ Equity

Why the Indian Stock Market?

Share market has given an average annual return of about 18 percent in the last 10 years.
The Indian share market has given an average annual return of about 18 percent in the last 10 years. This is higher than returns earned on traditional avenues like FDs, corporate and government bonds, commercial papers, etc. Going forward, the corporate sector is expected to perform even better on the back of rapid urbanization and increase in per capita income of the population, indicating a stronger growth. As a result, the stock market may be the best investment bet for long term wealth creation.

How does it work?

National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
The two major stock exchanges—National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)—are open from Monday to Friday from 9.15 am to 3.30 pm Indian Standard Time. Investors can place orders for equity trading/buying by opening an account with a broking house, and opt for the online trading facility for convenience. The Indian equity market follows the settlement cycle of T+2, indicating that the transaction will be settled two working days after it is made.

What are different Type of Trading Orders?
Limit

Limit order allows you to set buy/sell limits on a contract or an order. This effectively means that you can buy or sell a particular stock if it reaches the desired level. This strategy helps in maximizing profits and minimizing risks, even when you are not tracking your holdings during the market hours.

Market

This option allows you to trade by placing orders during market hours. You can hence buy/sell at the best obtainable price in the market at the time of execution.

Stop Loss

An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit an investor’s loss on a position in a security. A stop-loss order takes the emotion out of trading decisions and can be especially handy when one is on vacation or cannot watch his/her position. However, execution is not guaranteed, particularly in situations where trading in the stock is halted or gaps down (or up) in price. Also known as a “stop order” or “stop-market order.”

Why trade Equity Derivatives with Wealth Discovery?


Product Breadth:

Standard Trading: This is a normal trading system, which is generally done with the intention of hitting the intended price on the derivative whether intraday or carried forward.

Margin Product: You can also do an intra-settlement trading upto2 times your available funds, wherein you take long buy/ short sell positions in stocks with the intention of squaring off the position within the same day settlement cycle.

MarginPLUS Product: Through MarginPLUS you can do an intra-settlement trading upto5 times your available funds, wherein you take long buy/ short sell positions in stocks with the intention of squaring off the position within the same day settlement cycle. MarginPLUS will give a much higher leverage in your account against your limits.

Value Additive Brokerage Structure:

Allows you to choose from several customized/multiple brokerage plans to suit your trading needs. Products for option trading on expiry day, Single day event based derivative products are a few of our innovative offerings which sure to add value to your trading experience.

Actionable Profitable Research:

Enables better decision making with the help of actionable tips and strategies.

Multiple Platforms:

Instant trading through the Internet with any medium. (Desktops, Tablets and Mobiles)
CallNTrade® allows you to call on a number & trade on the telephone through our Customer Service Executives.

Exchange Breadth:

Through Wealth Discovery, you can trade derivatives on NSE as well as BSE.

FAQ Derivatives

What are Futures?

Through Wealth Discovery, you can now trade in Index and Stock futures on the National Stock Exchange (NSE). Futures trading allows you to enter into a contract (having a maximum period of 3 months), and take buy/sell positions in Index or Stocks.

Trading in futures is not as complex as it sounds. If, during the contract period, the price moves in your favour (i.e. rises in case you have a buy position or falls in case you have a sell position), you make a healthy profit, and vice versa. Today, only a few stocks that meet the liquidity and volume criteria are qualified for futures trading.

The process of futures trading has become simpler with two smart tools offered by Wealth Discovery—‘Calculate Index’ and ‘Know your Margin’—that helps in calculating your margin requirements and also the Index and Stock price movements.

What is an Option?

An option is a contract between two parties (the seller and the buyer) that gives the buyer the right to buy or sell shares at a specific price, on or before a particular date. There is no obligation on the buyer to complete the transaction if the price is not favorable to him. For this, the buyer has to pay to the seller some money called premium.

To carry out a transaction (buy/sell) position on Index/Stock options, one has to pay certain percentage of the order value as margin. There are two types of options: Call and Put. The former allows the trader to buy the underlying asset at a certain price, while the latter allows him to sell it at a certain price.

What are different Derivative Strategies?

Bullish options strategies are employed when the options trader expects the underlying stock price to move upwards. It is necessary to assess how high the stock price can go and the time frame in which the rally will occur in order to select the optimum trading strategy. The most bullish of options trading strategies is the simple call buying strategy used by most novice options traders.

The bull call spread and the bull put spread are common examples of moderately bullish strategies. Mildly bullish trading strategies are options strategies that make money as long as the underlying stock price does not go down by the option's expiration date. Writing out-of-the-money covered calls is a good example of such a strategy.

Bearish options strategies are employed when the options trader expects the underlying stock price to move downwards. It is necessary to assess how low the stock price can go and the time frame in which the decline will happen in order to select the optimum trading strategy.
The most bearish of options trading strategies is the simple put buying strategy utilized by most novice options traders.
The bear call spread and the bear put spread are common examples of moderately bearish strategies. Mildly bearish trading strategies are options strategies that make money as long as the underlying stock price does not go up by the options expiration date. In general, bearish strategies yield less profit with less risk of loss.

Neutral strategies in options trading are employed when the options trader does not know whether the underlying stock price will rise or fall. Also known as non-directional strategies, they are so named because the potential to profit does not depend on whether the underlying stock price will go upwards. Rather, the correct neutral strategy to employ depends on the expected volatility of the underlying stock price.

Examples of neutral strategies are:

  • Guts - sell ITM (in the money) put and call
  • Butterfly - buy ITM (in the money) and OTM (out of the money) call, sell two at the money calls, or vice versa
  • Straddle - holding a position in both a call and put with the same strike price and expiration. If the options have been bought, the holder has a long straddle. If the options were sold, the holder has a short straddle. The long straddle is profitable if the underlying stock changes value in a significant way, either higher or lower. The short straddle is profitable when there is no such significant move.
  • Strangle - the simultaneous buying or selling of out-of-the-money put and an out-of-the-money call, with the same expiration. Similar to the straddle, but with different strike prices.
  • Risk reversal - simulates the motion of an underlying so sometimes these are referred as synthetic long or synthetic short positions depending on which position you are shorting.
  • Collar - buy the underlying and then simultaneous buying of a put option below current price (floor) and selling a call option above the current price (cap).
  • Fence - buy the underlying then simultaneous buying of options either side of the price to limit the range of possible returns.
  • Iron butterfly - sell two overlapping credit vertical spreads but one of the verticals is on the call side and one is on the put side.
  • Iron condor - the simultaneous buying of a put spread and a call spread with the same expiration and four different strikes. An iron condor can be thought of as selling a strangle instead of buying and also limiting your risk on both the call side and put side by building a bull put vertical spread and a bear call vertical spread.
  • Jade Lizard - a bull vertical spread created using call options, with the addition of a put option sold at a strike price lower than the strike prices of the call spread in the same expiration cycle.

Neutral trading strategies that are bullish on volatility profit when the underlying stock price experiences big moves upwards or downwards. They include the long straddle, long strangle, short condor and short butterfly.

Neutral trading strategies that are bearish on volatility profit when the underlying stock price experiences little or no movement. Such strategies include the short straddle, short strangle, ratio spreads, long condor and long butterfly.

Why trade Currency Derivatives with Wealth Discovery?

Convenience: Provides a well diversified set platform for online trading with competitive brokerage under a single sign-on and completely paper-less investing experience.

Expertise: You can access to our Daily Research Reports as well as Fundamental & Technical Reports and Advisory.

Flexibility: You can select the Currency Pair USD/INR, EUR/INR, GBP/INR and JPY/INR in which you wish to trade.

Advantages of this market are
  • Trading hours of 09:00 am to 05:00 pm provide more trading opportunities
  • Trade in prominent currencies like US Dollar, EURO, Pound, Yen against Indian Rupee
  • Real time and Transparent Currency Rates in comparison to OTC Rates.
  • No Counterparty Default risk due to settlement guarantee by regulated clearing house.
  • Low Taxation ( No STT and CTT)
  • Daily Cash Settlement in INR via MTM (Mark to Market)

Value Additive Brokerage Structure:

Allows you to choose from several customized/multiple brokerage plans to suit your trading needs. Products for option trading on expiry day, Single day event based derivative products are a few of our innovative offerings which sure to add value to your trading experience.

Actionable Profitable Research:

Enables better decision making with the help of actionable tips and strategies.

Multiple Platforms:

Instant trading through the Internet with any medium. (Desktops, Tablets and Mobiles)
CallNTrade® allows you to call on a number & trade on the telephone through our Customer Service Executives.

FAQ’s Currencies

Why trade in currencies?

The currency market is the largest and most liquid financial market In this market, one country’s currency is exchanged for that of another at a fixed price.
With the advancement in technology and increased globalization, it is now possible for individuals, corporate entities, governments and almost anyone to take part in online currency trading. It offers two advantages to the traders: an opportunity to benefit from currency value fluctuations, and a chance to minimize loss from currency value fluctuations due to various factors. Currencies are traded in derivatives, specifically in futures and options. Here’s more about these methods.

Futures

Through Wealth Discovery, you can trade in currency futures on the National Stock Exchange (NSE). Futures trading allows you to enter into a contract (having a maximum period of 3 months), and take buy/sell positions in a currency of any country.
Trading in futures is not as complex as it sounds. If, during the contract period, the price moves as you had anticipated, you make a healthy profit, and vice versa.

Options

An option is a contract between two parties (the seller and the buyer) that gives the buyer the right to buy or sell shares at a specific price, on or before a particular date. There is no obligation on the buyer to complete the transaction if the price is not favorable to him. For this, the buyer has to pay to the seller some money called premium.

To carry out a transaction (buy/sell) position on Index/Stock options, one has to pay certain percentage of the order value as margin. There are two types of options: Call and Put. The former allows the trader to buy the underlying asset at a certain price, while the latter allows him to sell it at a certain price.

Key participants in the currency markets are
  • Corporate/small and medium enterprises (SMEs)
  • Authorized dealers/banks
  • Central bank – The Reserve Bank of India
  • Individual retail traders
  • Money Changers
Key reasons for currency movement
  • Trade and capital flows
  • Imports by oil marketing companies
  • Remittance by NRIs
  • Investment by offshore institutions in India
  • Indian offshore investments
  • Foreign Direct Investment (FDIs) and Foreign Institutional Investment (FII) flows

Why trade Commodities with Wealth Discovery?

Convenience: Provides a well diversified set platform for online trading with competitive brokerage under a single sign-on and completely paper-less investing experience.

Expertise: You can access to our Daily Research Reports as well as Fundamental & Technical Reports and Advisory.

Flexibility: You can select the Commodity like Gold, Silver, Crude, Copper, Natural Gas et al in which you wish to trade.

Advantages of this market are
  • Trading hours of 10:00 am to 11:30 pm provide more trading opportunities
  • Trade in prominent commodities like Gold, Silver, Crude and Natural Gas
  • Real time and Transparent Commodity Rates
  • Daily Cash Settlement in INR via MTM (Mark to Market)

Value Additive Brokerage Structure:

Allows you to choose from several customized/multiple brokerage plans to suit your trading needs. Single day and Event based derivative products are a few of our innovative offerings which sure to add value to your trading experience.

Actionable Profitable Research:

Enables better decision making with the help of actionable tips and strategies

Multiple Platforms:

Instant trading through the Internet with any medium. (Desktops, Tablets and Mobiles)
CallNTrade® allows you to call on a number & trade on the telephone through our Customer Service Executives.

Exchange Breadth:

Through Wealth Discovery, you can trade commodities on MCX as well as NCDEX.

FAQ Commodities

Why trade in commodities?

One of the major advantages of future trading is that you can earn money without actually physically storing commodities. On the exchange, commodities are traded as future contracts. One of the major advantages of future trading is that you can earn money without actually physically storing (or buying and selling) commodities. Besides, the trading cost too is substantially low. Traders participate in commodities trading mainly because:

  • They do not need to pay the entire transaction amount for trading; only the margin amount is required
  • They can earn from short selling

Some of the other benefits of trading in commodities are

  • The commodities listed on this market mainly include metals, energy and agricultural products. This diversity provides opportunities for investors, hedgers, traders, manufacturers, arbitragers, importers and exporters to earn money.
  • The prices of commodities changes purely on demand and supply. This makes it really easy to understand the movements and exploit opportunities.
  • Commodities are traded all over the world. Putting your money in this kind of investment helps you diversify your portfolio.
  • Unlike the Indian stock market, the Indian commodity market is open for 14 hours a day, covering timings of major commodity exchanges around the globe and giving you ample time to trade.

The fluctuation in the prices of commodities is caused by

  • Demand and supply
  • Currency movements
  • Crop sowing aspects
  • Economic forces
  • Weather
  • Crop arrival factors
Which commodities can I invest in?

Agricultural Commodities


Plantation Products - Rubber

Spices - Pepper, Red Chilli, Jeera, Turmeric, Cardamom, Coriander

Pulses - Kapas, Cotton

Cereals - Wheat, Barley, Maize

Oil and Oil Seeds - Castor Seeds, Cotton Seed Oilcake, Soy Seeds, Mustard Seeds, Soya Been, Crude Palm Oil, Kapasia Khalli, Refined Soya Oil

Others - Guar Seed, Gur, Sugar, Sugar M, Guargum, Mentha Oil, Gur, Patato (Agra), Potato (Tarkeshwar), Almond etc.

Non-Agricultural Commodities

Metals - Aluminum, Aluminum Mini, Copper, Copper Mini, Iron Ore, Lead, Lead Mini, Mild Steel Ingot, Billets, Nickel, Tin, Zinc and Zinc Mini

Precious Metals (Bullions) - Gold, Gold Guinea , Gold M, Gold Petal, Gold Petal (New Delhi), Platinum, Silver, Silver M and Silver Micro

Energy - Crude Oil, Natural Gas, Thermal Coal, Gasoline, Heating Oil, Brent Crude Oil, Electricity Monthly and Weekly and ATF

Weather - Carbon (CER) and Carbon (CFI)

Others - Polyvinyl Chloride

Why trade Mutual Funds with Wealth Discovery?

Convenience: Provides a well diversified set of investment products under a single sign-on and completely paper-less investing experience

Expertise: You can access some of the researched funds selected based on rigorous criterion

Flexibility: You may select the fund that best suits your need

Multiple Platforms:

Instant trading through the Internet with any medium. (Desktops, Tablets and Mobiles)
CallNTrade® allows you to call on a number & trade on the telephone through our Customer Service Executives.

Why Invest in Mutual Funds?

Mutual funds are ideal for investors who want to invest in Indian equities, but do not have sufficient time and skills to pick winning stocks.Another advantage of investing in mutual funds is that it provides the necessary diversification to your portfolio. Instead of investing in the stock of just one company, a mutual fund invests your money in a number of stocks, thereby reducing your risk.

How it works?

Through Wealth Discovery’s platform, you can buy/sell any of the 100+ available mutual fund schemes from more than 5 mutual fund houses.

Our platform allows you to invest through any of the following methods
  • One time
  • Systematic Investment Plan (SIP)
  • Systematic Transfer Plan (STP)
  • Systematic Withdrawal Plan (SWP)

Why trade Exchange Traded Funds (ETFs) with Wealth Discovery?

Exchange Traded Funds or ETFs are securities that are traded, like individual stocks, on an exchange. Unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day like any stock.

Most ETFs charge lower annual expenses than many mutual funds. As with stocks, one must pay a brokerage to buy and sell ETF units.

Wealth Discovery Advantage

The benefits of choosing Wealth Discovery for your ETF investment are:
  • Invest in a paperless manner
  • No need to cut cheques
  • Get instant confirmation
  • Check portfolio for realized and unrealized profit/loss
  • Calculate capital gains at click of a button

FAQ’s ETF

What are ETFs?

ETF's are essentially the same as Mutual Funds but they trade like individual stocks.
The price of a mutual fund scheme is determined by its Net Asset Value (NAV) at the end of a trading day. The price of an ETF fluctuates throughout the trading day as they are traded during the trading hours on a stock exchange.

Benefits of Investing in an ETF

Flexibility to trade: ETFs can be traded throughout the day on the stock exchange like individual stocks and hence provide liquidity to the customers.

Lower Costs: ETFs are listed on the stock exchange and generally have a less expense ratio than most mutual funds

Simple structure: ETFs are simple in structure and easy to understand.

Tax Efficiency: ETFs generally generate relatively low capital gains, because they typically have low turnover of their portfolio securities.

Diversification: Investments in ETFs are widely diversified as indices are construed to represent performance of the stock market as a whole.

Which is the right ETF for me?

There are several criteria that one should look at while choosing the right ETF for their portfolio. Some of them are:

Cost: Expense ratios can vary greatly even among ETFs tracking the same market. Everything else being equal, choose the ETF with the lower expense ratio, because costs directly affect your returns.

Benchmark: When choosing an ETF, first decide on the market, market segment, or industry sector you wish to track, and then decide on the appropriate index for that market. Each index provider has its own construction methodology, resulting in wide variations in turnover and other portfolio characteristics. Benchmarks tracking the same market segment can deliver very different results.

Management team: Index funds are not created equal. Effective, efficient portfolio management skills can make a difference, often offsetting marginal differences in costs between two indexed products. Review the experience and track record of the fund managers. Through Wealth Discovery’s platform, you can buy/sell any of the 100+ available mutual fund schemes from more than 5 mutual fund houses.

How to buy ETF's?
Lump sum Purchase

If you have decided which ETF is right for you, you can choose to buy them just like you would buy an individual stock.

To obtain the list of ETF's please click here
Because ETFs trade like stocks, you will be charged a commission for each trade

ETF SIP

ETF - SIP is first-of-its-kind comprehensive facility that provides an opportunity to invest systematically and in a disciplined manner in specified ETFs (Exchange Traded Funds)

ETF - SIP averages the cost of purchase and help accumulate wealth over a long period of time

Why invest in Initial Public Offerings (IPOs) with Wealth Discovery?
  • Get latest news about upcoming and current IPO’s including their listing dates
  • Get personalized and smart analysis for informed investment choice
  • Enables instant trading through the Internet via desktops, tablets and mobile phone
Why invest in Initial Public Offerings
  • Opportunity to get the stock at the lowest possible price
  • Can invest in stock at discounted price rather than the cut-off price.
  • Probability of making profits on listing is High
  • No Brokerage and Other Charges
  • You get the opportunity to be a part of the growth story of the issuing

FAQ IPO

Who decides the price of an IPO?

The issuing company in discussion with the lead merchant banker (the institutions upon which rests the entire responsibility of managing the issue) decides the price. There is no set price formula prescribed by SEBI. However the company and the lead banker are required to give full explanation of the key assumptions taken into consideration while deciding the issue price.

In practice, there are two types of issues, one where the company and Lead Merchant Banker fix a price (called fixed price) and other, where there is a price band and rest is left to market forces to determine the final price.

What does 'price discovery through Book Building Process' mean?

Book Building is basically a process used in IPOs for price discovery of an offer. It is a method where, during the period for which the issue is open, different categories of investors apply at various prices based on their judgment, within the price band. The cut off is determined after the bid is closed to public.

What is Cut-Off Price in IPO?

In a Book building issue, the company that wishes to tap stock market for fresh funds is required to indicate the price band. The actual discovered issue price can be any price in the price band. This issue price is called ‘Cut-Off Price’

The issuer and lead manager, which is managing the issue, decides the cut off price after considering the issue size and the investors’ desire for the stocks.

Why seek Income Tax Advisory services from Wealth Discovery?

Assistance

We provide assistance to individuals, partnership firms , companies and other entities with respect to the following matters:

  • Obtaining Permanent Account Number (PAN) / Tax deduction account numbers (TAN)
  • Services related to withholding taxes
  • Survey, search and seizure and other direct tax related issues.
Compliance

We undertake Regulatory compliances viz. statutory returns and documents preparations, compilations and e-filings with the revenue authorities including the following:

  • Preparation and Review of corporate tax returns to ensure compliances with the Income Tax Act, 1961 and the various judicial pronouncements.
  • Preparation and Review of the withholding tax (TDS) returns as per the provisions of the Income Tax Act
  • Seeking Advance Rulings
Consultancy

We provide expert advice in tax planning and management. Our tax consultancy services include Income tax, Wealth tax consultancy, and international tax planning along with double taxation avoidance agreement, foreign remittances etc, and transfer pricing consultancy.

Representation before Income Tax authorities

We represent our clients before Revenue authorities for Tax Assessments of Income tax and transfer pricing cases and other tax matters including litigation up to the Income Tax Appellate Tribunal.

What is Rajiv Gandhi Equity Savings Scheme (RGESS)?

Rajiv Gandhi Equity Savings Scheme or RGESS is a new equity tax advantage savings scheme for equity investors in India, with the stated objective of "encouraging the savings of the small investors in the domestic capital markets." It was approved by The Union Finance Minister, Shri P. Chidambaram on September 21, 2012.

The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an 'equity culture' in India. This is also expected to widen the retail investor base in the Indian securities markets.

Who is Eligible?

The deduction under the Scheme will be available to a new retail investor who complies with the conditions of the Scheme and whose gross total income for the financial year in which the investment is made under the Scheme is less than or equal to twelve lakh rupees. In 2013-14, the income ceiling of the beneficiaries was raised to Rs. 12 lakh from Rs. 10 lakh specified in 2012-13.

The deduction under the Scheme shall be available to a new retail investor who:-

  • is a resident of India
  • has a gross total income for the financial year less than or equal to Rs. 12 Lakh. In 2013-14, the income ceiling of the beneficiaries was raised to Rs. 12 lakh from Rs. 10 lakh specified in 2012-13.
  • complies with all the other conditions of the Scheme

Procedure for Investment in RGES

  • Open a demat and trading account with Wealth Discovery( or any other DP/Broker)
  • An investor can invest in eligible securities in one or more transactions during the year in which the deduction has to be claimed.
  • An investor can make any amount of investment in the demat account but the amount eligible for deduction, under the Scheme will not exceed fifty thousand rupees.
  • The eligible securities brought into the demat account, as declared or designated by the new retail investor, will automatically be subject to lock-in during its first year, unless the new retail investor specifies otherwise and for such specification, the new retail investor will submit a declaration in Form B indicating that such securities are not to be included within the above limit of investment. If the investment is made in the beginning months of a financial year, the inves tment may be locked in for more than three years. Since the i nvestor is given the flexibility (of no lock - in) for around 90 days in each of the flexible lock - in period, this extra lock - in period in the first year is sort of compensated for. The period of two years beginning immediately after the end of the fixed lock - in period shall be cal led the ‘Flexible Lock - in’ period.
  • An investor will be eligible for a deduction under subsection (1) of section 80CCG of the Act in respect of the actual amount invested in eligible securities , in the first financial year in respect of which a declaration in Form B has not been made, subject to the maximum investment limit of fifty thousand rupees.
  • An investor who has claimed a deduction under sub- section (1) of section 80CCG of the Act, in any assessment year, will not be allowed any deduction under the Scheme for any subsequent assessment year;
  • An investor may also keep securities other than the eligible securities in the demat account through which benefits under the Scheme are availed.
  • An investor can make investments in securities other than the eligible securities covered under the Scheme and such investments will not be subject to the conditions of the Scheme nor will they be counted for availing the benefit under the Scheme.
  • The investment under the Scheme will consist of an investment in any of the eligible securities covered under the Scheme.
  • Deductions claimed will be withdrawn if the lock-in period requirements of the investment are not complied with or any other condition of the Scheme is violated.

FAQ RGES

What are Eligible Securities under RGES?
  • Equity shares falling in the list of securities declared as "BSE-100" or "CNX-100".
  • Equity shares of public sector enterprises which are categorised as Maharatna, Navratna or Miniratna by the Central Government
  • Units of Exchange Traded Funds (ETFs) or Mutual Fund (MF) schemes which have securities eligible under Rajiv Gandhi Equity Savings Scheme (RGESS) as underlying, provided they are listed and traded on a stock exchange and settled through a depository mechanism.
  • Follow on Public Offer of eligible securities.
  • New Fund Offers (NFOs) of eligible ETF's and mutual funds.
  • Initial Public Offer of a public sector undertaking wherein the government shareholding is at least fifty-one per cent. which is scheduled for getting listed in the relevant previous year and whose annual turnover is not less than four thousand crore rupees during each of the preceding three years;
    • BSE 100 Index Scrips
    • PSU Maharatnas
    • PSU Navratnas
    • PSU Miniratnas

DP account is now a must for each and every participant in the stock market, whether he is trader or an investor; whether he believes in fundamentals or in technical. In the times of T+2 having a demat account linked to your trading account becomes really convenient. Enjoy the dual benefits of trading and depository services under one roof and experience efficient, risk-free and prompt depository service. Wealth Discovery offers Depository Services in affiliation with our partner. You can avail:

  • Automated pay-in facility
  • Access information – Anytime, Anywhere
  • Quarterly demat statements with valuation
  • Statements on demand
  • View Demat A/C statement online
  • Competitive transaction charges
  • No risk of loss, wrong transfer, mutilation or theft of share certificates
  • Hassle free automated pay-in of your sell obligation with no need for physical instruction
  • Reduced paper work
  • Speedy settlement process resulting in increased liquidity of your securities
  • Instant disbursement of non-cash benefits like Bonus and Rights
  • Personalized services of trained Help desk
Frequently
Asked Questions (FAQ)
Option PLUS

Lorem Ipsum is simply dummy Lorem Ipsum has been

Know More
Margin Product

Lorem Ipsum is simply dummy Lorem Ipsum has been

Know More
NRI FAQ

Lorem Ipsum is simply dummy Lorem Ipsum has been

Know More
Attention Investors KYC IPO