StampDuty
Definition
A government tax levied on the transfer of property or securities. For mutual fund investments, a stamp duty of 0.005% is applicable on all purchases (lump sum and SIP) since July 2020. For real estate, stamp duty varies by state and is a significant cost in property transactions.
Example
On a mutual fund SIP of Rs 10,000, stamp duty of Rs 0.50 (0.005%) is deducted, resulting in an actual investment of Rs 9,999.50.
Acornia Investment Services Pvt Ltd (ARN: 192746) is an AMFI Registered Mutual Fund Distributor & SIF Distributor. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision. The information on this website is for general informational and educational purposes only and does not constitute financial advice or a recommendation.