Stamp duty on MFs now applicable: Impact on investors
(WorldNews Business)

The applicability of the stamp duty on mutual funds was initially scheduled for January but was then postponed to April and finally made applicable from July 2020. From July 01, 2020, stamp duty has been levied on the purchase of mutual funds, via any mode, including lumpsum, systematic investment plan (SIP), or systematic transfer plan (STP). Even switch-in transactions and dividend reinvestment are subject to stamp duty. However, stamp duty won`t be applicable...