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How stamp duty will pinch mutual fund investors

Updated : July 02, 2020 04:48 PM IST

From July 1, mutual funds are also subject to stamp duty which is applicable to both variety of funds--the equity side and the fixed income side.

The duty is will be applicable to transactions whether they are Systematic Investment Plans (SIPs) or Systematic Transfer Plans (STPs), but the biggest point of contention is whether the stamp duty will make liquid funds and overnight funds, i.e. short-term debt funds absolutely unattractive.

In CNBC-TV18’s special show, Money Money Money, Surabhi Upadhyaya caught up with Lakshmi Iyer, CIO – debt and HD product at Kotak Mahindra AMC, Kaustubh Belapurkar, director-fund research at Morningstar Investment Adviser India, Deepak Shenoy, founder of Capitalmind and N Ravi Vishwanath, CFO at TeamLease to discuss the new normal for mutual funds.
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