How is securities transaction tax paid in a mutual fund?
mutual funds - securities transaction tax or stt
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- Level - 6,3,8,6 BASIC
A mutual fund pays an STT each time there is a sale or purchase of securities on the stock exchange. This investor education video by Moneykraft describes the importance of STT for investors, especially redemption proceeds of equity oriented funds.
AUTHOR(s):Uma Shashikant
Tags
mutual fund investing, mutual fund taxation, securities transaction tax
COMMENT :
Comments
Shashi Kiran
Nice information in all the videos.Can you make a video on the ELSS ?What will happen if someone has already invested in an instrument and claimed 80C deductions in the other instrument. Can he still invest in ELSS and benefit Compared to investing in a FD at a bank or NSC.
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