SEBI introduced transaction charges of Rs.100/- for each mutual fund purchased & Rs.150/- for fresh purchases of mutual fund on or above Rs.10,000/-.
my question is that what should be the investment cost Rs.100,000/- or Rs.99,900/-
say we have given a cheque for purchse of MF for Rs.100,000/- & MF house give us a statement showing our investment cost Rs.99,900/- after deducting Rs.100/- & units are also alloted on Rs.99,900/-
thanks & regards
Dipak Agarwal
CAclubindia
