How Systematic Investment Plan (SIP) helps in stock?
Wondering about the profits in buying ITC shares and what tax should be paid when buying out this the shares? Ask for opinion about finance and investment in stock market over here.
I am buying 3 shares of ITC every month on 15th date. Currently I have 33 shares. I was advised to do so by my friend. I want to know how much time should be given to this SIP for getting maximum benefits? How does this help to increase my portfolio amount? During withdrawal of all the shares bought from this SIP, how much tax do I need to pay ?