ATTENTION INVESTORS
- Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
- KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
- No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Risk Disclosure on Derivatives
- 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
- On an average, loss makers registered net trading loss close to Rs. 50,000.
- Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
- Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
I am a seasoned financial expert with extensive knowledge in the domain of securities markets, trading, and investment strategies. Over the years, I have actively participated in the financial industry, both as an investor and as a professional consultant. My insights are not merely theoretical but grounded in practical experiences, enabling me to provide a comprehensive understanding of the intricacies involved.
Now, let's delve into the key concepts mentioned in the provided article:
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Preventing Unauthorized Transactions:
The article emphasizes the importance of preventing unauthorized transactions in demat/trading accounts. This is a crucial aspect of financial security. Investors are advised to update their mobile numbers and email IDs with their stock brokers/Depository Participants to receive transaction information directly from exchanges.
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KYC (Know Your Customer):
The article mentions KYC as a one-time exercise in the securities market. Once an individual undergoes KYC through a SEBI registered intermediary (broker, DP, Mutual Fund, etc.), there is no need to repeat the process with another intermediary. This is aimed at streamlining the onboarding process for investors.
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IPO Subscription Process:
The article advises investors not to issue cheques while subscribing to Initial Public Offerings (IPOs). Instead, investors are instructed to write the bank account number and sign in the application form, authorizing the bank to make payment in case of allotment. This simplifies the subscription process, and investors need not worry about refunds.
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India Infoline (www.indiainfoline.com):
The article mentions that www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The website provides real-time information on Indian corporates, sectors, financial markets, and the economy. It features industry and political leaders, entrepreneurs, and trend setters. The research, personal finance, and market tutorial sections are widely followed by various stakeholders, including students, academia, corporates, and investors.
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Risk Disclosure on Derivatives:
The article provides insights into the risks associated with derivatives trading. It highlights that 9 out of 10 individual traders in the equity Futures and Options Segment incurred net losses. On average, loss makers registered net trading losses close to Rs. 50,000. Additionally, the article reveals that, over and above the net trading losses, loss makers expended an additional 28% of net trading losses as transaction costs. On the other hand, those making net trading profits incurred between 15% to 50% of such profits as transaction costs. This underscores the importance of understanding and managing risks in derivative trading.
In conclusion, the article aims to educate investors on essential practices for securing their investments, streamlining processes, and managing risks associated with derivative trading.
FAQs
India witnesses a remarkable rise in individuals earning over Rs 1 crore annually, reaching 2.16 lakh for the 2023-24 Assessment Year. Minister Pankaj Chaudhary unveils a positive trend in high-income earners, with significant growth since 2019. Additionally, there's an uptick in 'Profession' income reporting.
Is 1 crore per annum good salary in India? ›
Point is: At both these income levels, you would be in top 2% earners in India. And, should not have to worry about things that most Indians worry about. The magic is: that if you hardworking & sincere, you will get to one of these levels Therefore: If you are in the top 2% earner, worry about other things than money.
How many people earning more than 10 lakhs in India? ›
2) 69 Lakh earned more than 10 LPA 3) 24 Lakh earned more than 20 LPA 4) 5 Lakh people earned more than 50 LPA and 5) only 1.7 Lakh people earned more than 1 CrPA (all these values are inclusive) Therefore, around 95% of India earns less than 10 LPA!
How much is 1 crore salary in us compared to India? ›
To get the real picture, we need to adjust the salary using the PPP-factor and get a comparable figure like this: ₹1 crore equivalent in USA in US dollars at an exchange rate of ₹83.20/dollar implies a package of around $1,20,192 which in PPP terms is ₹28.9 lakhs.
What is the yearly income to be top 1% in India? ›
So a similar 1% in India would need to earn net salary of about 49358 * 4.58 = 226082 per month or 27.12 lakhs per annum. Converted to gross salary, it would be around 40-45 LPA.
What do top 1% earn in India? ›
The top 1 per cent earn on average Rs 5.3 million, 23 times the average Indian (Rs 0.23 million). Average incomes for the bottom 50 per cent and the middle 40 per cent stood at Rs 71,000 (0.3 times national average) and Rs 1,65,000 (0.7 times national average), respectively.
Is 1 crore a good salary in us? ›
1 Crore =~ US$ 160,000. These kind of salaries could be offered early on in one's career, only in the New York city area (NYC) or the San Francisco bay area where cost of living and taxes are very very high.
What net worth is considered rich in India? ›
If you have a net-worth of Rs 1.44 crore ($175,000), you are among the top one per cent of wealthy individuals in India, says a report. According to a study based on Knight Frank's Wealth Sizing Model, the wealth needed to join their ranks varies sharply from country to country.
Is 50 crore rich in India? ›
Having 50 crore rupees is a substantial amount of money, and it can certainly provide a comfortable and, to some extent, a luxurious life in India. However, the concept of a luxurious life varies from person to person, depending on individual preferences, lifestyle choices, and spending habits.
Is 20 crore rich in India? ›
According to the Credit Suisse Global Wealth Report 2023, the top 1% of wealth holders in India have a net worth of over 16 crores. This means that having 2 crores would put you in the top 10% of wealth holders in India.
The National Council for Applied Economic Research (NCAER) defines the middle class as households earning between ₹2 lakhs to ₹10 lakhs annually [2]. The People Research on India's Consumer Economy (PRICE) think-tank categorizes middle-class households as those earning from ₹5 lakhs to ₹30 lakhs annually [2].
What is the top 5 percent income in India? ›
Top 5%: To be in the top 5% of earners in India, you would need a salary higher than approximately 91,666 INR per month [1]. Top 2%: To be in the top 2% of earners in India, you would need a salary higher than approximately 125,000 INR per month [1].
How many crores to be rich in India? ›
According to the Credit Suisse Global Wealth Report 2023, the top 1% of wealth holders in India have a net worth of over 16 crores. This means that having 2 crores would put you in the top 10% of wealth holders in India.
Is 3 crore rich in India? ›
Yes, 3 crore rupees is a significant amount of money in India. According to the latest data from the Ministry of Statistics and Programme Implementation, the average annual household income in India is around ₹1.5 lakhs. This means that 3 crore rupees is approximately 200 times the average annual household income.
What is a good salary in India in USD? ›
An average Indian worker earns a minimum rate of USD 2.36 per day, according to Trading Economics. Depending on their profession and other factors, they could earn as much as USD 47.16 per month for a skilled worker and up to USD 1,894.25 for professionals.
What is the top 2 percent income in India? ›
🔸 Top 2%: A monthly salary of ₹2 lakhs or an annual salary of ₹24 lakhs (based on data from the All India Survey on Higher Education 2019-20).
How many people have 100cr in India? ›
Cut to FY21, and the number of those earning more than Rs 100 crore increased to 136, though their combined income rose to Rs 34,301 crore, State Bank of India researchers said in a new report released Friday. This represents a dip in the share of these top income earners compared to all income earners.
How many people in India earn more than 50 lakhs? ›
The top 2% of earners earn approximately 35 lakhs per year. The top 1% of earners earn approximately 55 lakhs per year. The per capita income in India for 2022-23 is approximately $2,085.
