Save tax this year. Pay less tax.

Save tax this year. Pay less tax.

  Fellow Traders, pay less tax this year. Invest in ELSS (tax saving mutual funds) with SAS Online best discount broker company and you can save upto Rs. 46,350 in income tax by investing upto 1.5 lakhs. Equity Linked Saving Scheme (ELSS) are diversified, open-ended equity mutual funds that have a lock-in period of 3 years. Which means you cannot withdraw your investment before 3 years. Why would you want to lock-in your money? Because doing so provides tax benefit under Section 80C of the Indian Income Tax Act, 1961 upto 1.5 lakhs. Simply, if you invest upto 1.5 lakhs in these funds, that income is not taxable and is tax free for you as opposed to paying upto 46,350 as tax on that income. Moreover, through ELSS funds, you can save tax and grow your wealth at the same time. Here are some reasons why you should invest in ELSS : Low cost of entry : You can start investing with just Rs. 500. Tax Saving : You don’t need to pay any tax on the amount you invest in the funds. Capital Growth : You can get stellar returns (14-16%)  and grow your wealth. Disciplined Investing : By doing a SIP, you can do regular recurring investments. Tax free returns : The returns/capital appreciation you get are completely tax free. Shortest lock-in period : ELSS funds have the shortest lock-in period as compared to any other tax saving instrument. How do ELSS funds compare to other tax saving instruments? ELSS funds are the best tax saving instrument. Check below. Instrument Lock-in Period Pre-Tax Returns Tax Applicable Post-Tax Return ELSS...
Trading Holidays-2016

Trading Holidays-2016

Fellow Traders Official Trading Holiday Calender of Equity,F&O and Currency Derivatives. Commodities will be updated once the circular is issued. Sr.No Date Day Description 1 1/26/2016 Tuesday Republic Day 2 3/7/2016 Monday Mahashivratri 3 3/24/2016 Thursday Holi 4 3/25/2016 Friday Good Friday 5 4/14/2016 Thursday Dr. Baba Saheb Ambedkar Jayanti 6 4/15/2016 Friday Ram Navami 7 4/19/2016 Tuesday Mahavir Jayanti 8 7/6/2016 Wednesday Id-Ul-Fitr (Ramzan ID) 9 8/15/2016 Monday Independence Day 10 9/5/2016 Monday Ganesh Chaturthi 11 9/13/2016 Tuesday Bakri ID 12 10/11/2016 Tuesday Dasera 13 10/12/2016 Wednesday Moharram 14 10/31/2016 Monday Diwali-Balipratipada 15 11/14/2016 Monday Gurunanak Jayanti The Holidays falling on Saturday/Sunday are as follows: Sr. No. Date Day Description 1 5/1/2016 Sunday Maharashtra Day 2 10/2/2016 Sunday Mahatma Gandhi Jayanti 3 10/30/2016 Sunday Diwali-Laxmi Pujan* 4 12/25/2016 Sunday Christmas *Muhurat Trading Will be conducted on Sunday ,October 30th 2016.Timings of the same shall be notified...
Demystifying “Open Interest” and Securities in “Ban Period”

Demystifying “Open Interest” and Securities in “Ban Period”

Fellow Traders What is open interest? It  refers to the total number of outstanding derivative  contracts that have not been settled. Whenever you want to buy a Future/Option contract, there needs to be a seller. The buyer buys with the assumption that the contract price would go up and the seller sells with the assumption that the contract price would go down. When a trade happens between the buyer & the seller, there’s one ‘Open Contract‘ that comes into being and the quantity of these open contracts is referred to as ‘Open Interest‘. Thus Open Interest is the total number of outstanding contracts that are held by market participants at the end of the day. Open interest applies only to the futures/options segment. Open interest, or the total number of open contracts on a security, is often used to confirm trends and trend reversals for futures and options contracts. A common misconception is that open interest is the same thing as volume of futures and options trades. This is not correct, as demonstrated in the following example: Open Interest On January 1, A buys an option, which leaves an open interest and also creates trading volume of 1. On January 2, C and D create trading volume of 5 and there are also five more options left open. On January 3, A takes an offsetting position, open interest is reduced by 1 and trading volume is 1. On January 4, E simply replaces C and open interest does not change, trading volume increases by 5. Benefits of monitoring open interest By monitoring the changes in the open interest figures...
What is Pre-Open market session?

What is Pre-Open market session?

The NSE and BSE introduced the pre – open session to reduce volatility and provide better price discovery in the markets. Fellow Traders The pre-open market session lasts for 15 minutes from 9 AM to 9:15 AM and is divided into three parts: First 8 minutes: In the first 8 minutes orders are placed. They can be canceled or modified during this time period also. Next 4 minutes: In the next 4 minutes price discovery will be done, and orders will be executed. Our suggestion is that go with best stock brokers. Next 3 minutes: The next 3 minutes are used to facilitate the transition from pre – open to regular session. One can place orders only in cash segment.  F&O segment is not available in pre-open session. Also exchange stipulates that only limit and market orders can be placed in this session . Stop Loss orders are not allowed.   The orders that have not been traded are carried forwarded to the normal trading session. 1.  Limit Orders that are not traded during Pre-Open Session will be moved to normal trading session at the same price. 2.  Market Orders that are not traded during Pre-Open session will be moved to normal trading session @ Opening...
BTST : What you need to be careful of!

BTST : What you need to be careful of!

Fellow Traders BTST refers to Buy Today and Sell Tomorrow But here is something which you need to be careful of while executing this strategy in trading online. As you all know, Cash Delivery Trades are settled on a T+2 basis in India. This means that if you buy delivery on Monday, then you have to pay the exchange on Wednesday and you will get the corresponding delivery on Wednesday after the payment. Similarly, if you sell delivery on Monday, then you have to pay the shares on Wednesday to the exchange and will get the corresponding payment on Wednesday after you have transferred the shares. You need to be careful of short delivery from the exchange while buying delivery today and selling the same delivery tomorrow. Let’s say that you buy 100 shares of Reliance on Monday and sell those same shares on Tuesday. Theoretically, there is no problem with these trades as your shares will be payed out on Wednesday to you from the exchange and you will have to pay in those shares to the exchange on Thursday. Completely Fine. But practically, if the shares you sell on Monday are NOT payed out from the exchange on Wednesday, that is there is a short delivery from the exchange, then you will not be able to pay in those shares on Thursday (for the selling trade on Tuesday). In that case, your delivery pay in will be short to the exchange (for your selling trade) and the corresponding delivery will be auctioned at whatever price the exchange determines. More often than not, an auction results in a...
The Brokerage Calculator

The Brokerage Calculator

Fellow Traders You can use our comprehensive brokerage calculator to see how you can trade with almost zero brokerage when trading with us. Calculate your cost savings by inputting your trades in NSE Cash, NSE F&O, BSE Cash and Currency F&O and compare against any other discount...