Discover and read the best of Twitter Threads about #AlternativeInvestmentFunds
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All categories of #mutualfunds (including ETFs) would be covered under #stampduty charges for units issued in demat & non-demat form. It will cover equity, derivatives & currency trades. Stamp Duty = Direct Tax levied by the govt. u/s 3 of Indian Stamp Act, 1899. @AmarUjalaNews
#StampDuty charges:
Equity (delivery) - 0.015% or ₹1,500 per crs on buy-side
#Equity (intra-day) - 0.003% or ₹300 per crs
#Futures (equity & #commodity) - 0.002% or ₹200 per crs
#Options (equity & commodity) - 0.003% or ₹300 per crs
#Currency - 0.001% or ₹10 per crs
Equity (delivery) - 0.015% or ₹1,500 per crs on buy-side
#Equity (intra-day) - 0.003% or ₹300 per crs
#Futures (equity & #commodity) - 0.002% or ₹200 per crs
#Options (equity & commodity) - 0.003% or ₹300 per crs
#Currency - 0.001% or ₹10 per crs
- The #stampduty will also be applicable on #AlternativeInvestmentFunds (AIFs)
- Impact is more on the short term #investments by the #investors
- No stamp duty on #redemption of #mutualfund units.
- Impact at #portfolio level too i.e when fund manager executes transaction.
- Impact is more on the short term #investments by the #investors
- No stamp duty on #redemption of #mutualfund units.
- Impact at #portfolio level too i.e when fund manager executes transaction.
