Is there any charge ?

megapixel

Well-Known Member
#1
Hi,
I am directly investing with the AMC to save costs - no broker or agent.

If I do redemption units of Mutual Fund after 1 year ....Can AMC charge any amount for redemption ?

will there be any redemption service charge / transaction charge ?


What is the general guidelines by SEBI regarding redemption ?
 
#2
Once you are beyond the exit-load period (normally 1 year), there are no further charges while redeeming units. However, in the case of equity funds, there is a Securities Transaction Tax that is deducted.
 

megapixel

Well-Known Member
#3
Once you are beyond the exit-load period (normally 1 year), there are no further charges while redeeming units. However, in the case of equity funds, there is a Securities Transaction Tax that is deducted.
what is the rate of STT for Equity Mutual Fund ?
 
#4
STT is levied on the value of taxable securities as under:
Purchase/sale of equity shares, units of equity oriented mutual funds (delivery based) @ 0.1%.
Sale of equity shares, units of equity oriented mutual fund (non-deliverery based) @ 0.025% paid by seller.
 

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