Why you think there will be no restriction of equity market!
Some report from either money control or economics times (I don't remember it now already posted the link), clearly said, according to some SEBI official, your maximum exposure to equity market will be limited to 40-50% of last 3 years ITR.
That may be the total exposure, mean including all type of intraday leverage you can use.
So, the days of intraday leverage will be over soon. 10x-20x leverage days will be history. Even if you have enough capital for trading you may not get 2X with the complicated rule.
For example, say you don't have taxable income now, but you have 5 lakh in your account (you got it from parents/due to inheritance or your savings from last 10 years, just imagine the case) you may not get 2X leverage on this 5Lakh capital due to current restriction based on last 3 yrs of ITR linking or networth linking.
If you, show, say file 6 lakh non-taxable income from last 3 years (I don't know probably you can file only 2 years of late income). Then 40% of 6 lakh means 2.4 lakh is your exposure(including intraday leverage). If you show your trading capital 5 lakh as your liquid net worth then you will get even less 2 lakh maximum exposure.
You are wrongly thinking that you will escape with intraday cash trading! Just make your calculation right.
Don't expect too much from SEBI weather you are intraday cash trader or investor or commodity trader all under SEBI lenses along with the main culprit NSE F&O traders(in their eyes).
Some report from either money control or economics times (I don't remember it now already posted the link), clearly said, according to some SEBI official, your maximum exposure to equity market will be limited to 40-50% of last 3 years ITR.
That may be the total exposure, mean including all type of intraday leverage you can use.
So, the days of intraday leverage will be over soon. 10x-20x leverage days will be history. Even if you have enough capital for trading you may not get 2X with the complicated rule.
For example, say you don't have taxable income now, but you have 5 lakh in your account (you got it from parents/due to inheritance or your savings from last 10 years, just imagine the case) you may not get 2X leverage on this 5Lakh capital due to current restriction based on last 3 yrs of ITR linking or networth linking.
If you, show, say file 6 lakh non-taxable income from last 3 years (I don't know probably you can file only 2 years of late income). Then 40% of 6 lakh means 2.4 lakh is your exposure(including intraday leverage). If you show your trading capital 5 lakh as your liquid net worth then you will get even less 2 lakh maximum exposure.
You are wrongly thinking that you will escape with intraday cash trading! Just make your calculation right.
Don't expect too much from SEBI weather you are intraday cash trader or investor or commodity trader all under SEBI lenses along with the main culprit NSE F&O traders(in their eyes).
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Use it carefully. "Buri najar wale tera muh kala".
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