Skip to main content

Stamp duty

 Investors have to pay stamp duty at the rate of 0.005% of the value of the units. This is a very nominal amount and is applicable at the time of purchase of mutual fund units. In the case of transfer of units from one Demat account to another, the rate at which stamp duty is charged is 0.015%.

Comments

Popular posts from this blog

KIM SID SAI

  What is Sid and Sai in mutual fund? There are 3 important documents: Key Information Memorandum (KIM),  Scheme Information Document (SID) and Statement of Additional Information (SAI) . These are prepared by the Asset Management Company (AMC) about a particular scheme, and submitted to the Securities and Exchange Board of India (SEBI) for approval.