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Can anybody please tell me that whether Entry load paid on puchase or redemption of mutual fund is same as security transaction tax paid on the same.If no,then at what time we pay stt on mutual funds.
Replies (2)
I think, these two are different things. Entry Load is charge made by the Fund, and STT is a tax levied by the Govt.
entry load at the time of purchase of mf consist of the commission payable to the broker/agent throught which we had made the investment & other management fee.
STT will be paid at the time of redemption of mf i.e. 0.125% on Gross Redemption value
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