Tips to save IPO listing gains tax!

In the years 2023 and 2024, many IPOs brought huge earnings for the investors. But tax also has to be paid on this! What is the tax rule on booking listing gains from IPO? How can tax liability on listing gains be reduced? How will the tax be calculated on selling IPO shares?

  • Last Updated : May 2, 2024, 16:14 IST
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In this fast-growing economy, people get to learn where to invest and how to invest but they find it difficult to track their investments thinking it to be a complicated process. Struggling to track various investments online and offline is not easy. It is troublesome to remember passwords on platforms of different forms of investments.

There are many apps in the online world that make your life easy by keeping track of your investment accounts conveniently. The Internet has made it possible to carry the whole world in your pocket. Mobile.

Selecting one single investment tracking app to help you track stocks, manage your investments, and even manage multiple accounts in one place can take a huge weight from your shoulders. After doing the research on all available options, have picked four investment tracking apps that will help simplify your life in the investing world.

Groww

This investment platform one of the most popular one among millennials. It provides tension-free paperless investment solutions &  enables you to open a Demat account and invest in the stock market. It helps investors to invest and keep track of their portfolio in mutual funds across all AMCs in India in one place. It also provides news on capital markets to help its consumers to understand their finances in a better way. The platform has also created active communities both online and offline where investors can interact and learn.

myCAMS

This app is one place to view and manage your mutual fund portfolio, purchase, redeem, switch, generate SIP, and many more. Investors can open new folios, purchase, view their MF portfolio, redeem, switch, set up SIP, through this platform. myCAMS is reliable, and it does not hold your account or personal details.  You can schedule your future Mutual Fund transaction as well. Recognized as the Best Financial App Award at GMASA Acknowledged with Best Application of Technology at CX Strategy Summit and Awards 2018.

Paytm Money

Paytm Money is one step solution for your Stock market and Mutual Fund investments from the Paytm group. Its users can start investing either through lumpsum or SIPs with as little as Rs 100 in some of the schemes. It has made a tie-up with rating services like MorningStar, CRISIL, and Value Research for better decisions. Rating on Google Play store: 4.3 out of 5 with a total of 29,447 ratings.

Zerodha coin

It is a platform that works as a broker with a discount. It guides you to invest in Mutual Funds from one Demat. They offer investment services in over 3,000 commission-free direct mutual funds across 34 fund houses. This app can save up to 1-1.5% more per annum compared to regular mutual funds.  Zerodha Coin has already built a big brand and customer base. Investors can get the statements of all their investments in one place and can modify their SIP whenever they want on this app. All the services to investors is provided without having to pay any commissions.

One can select the app to put in their smartphones depending on the needs. Individual research is suggested before selecting the mentioned apps.

Published: February 17, 2021, 19:11 IST
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