Starting from 1st July, *Stamp Duty* is getting applicable at the Instance of Investment.
*Whom it’s applicable:* On all categories of Investors. Individuals, HUF, NRIs, Corporates & Non-Individuals.
*Scheme’s applicable:* All.
Equity, Debt, Liquid etc. Applicable on all categories of Mutual Fund Schemes.
*Type of Transactions Applicable:*
Purchase, Switch, SIP, STP, Dividend Reinvestment, Units bought on Exchange.
*Stamp Duty Rate: 0.005%*
Eg: 500 Rs. Stamp Duty On 1 Crore of Investment transaction starting 1st July.
Mutual Fund shall deduct the Stamp Duty from the subscription amount paid by the investor & allot units for the Balance amount.