What stamp duty charges are applicable on my Mutual Fund investments?
Stamp Duty has been levied on all Mutual Fund Schemes from 1st July 2020. It is akin to entry load and will be implied in the following scenarios:
- Lump-sum Investment in Equity and Debt Fund Schemes
- Systematic Investment Plans (SIPs)
- Systematic Transfer Plans (STPs)
- Dividend Reinvestment Transaction
Stamp Duty of 0.005% on purchase and switches of Mutual Funds will be applicable. Apart from this, transfer of Mutual Fund units will attract a stamp duty of 0.015%.
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