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Stamp Duty on Mutual Funds to Apply From 1st July

by Askbanking June 30, 2020June 30, 2020 Mutual FundLeave a comment

What it means for you, Stamp Duty on Mutual Funds– Since, 1 July 2020, stamp duty will be imposed on the purchase of any type of mutual funds including systematic investment plans (SIPs), systematic transfer plans (STPs) and dividend reinvestment.The duty will apply to all mutual funds—debt as well as equity. This is to remember […]

eWallets Mutual Fund

Paytm Money Gets SEBI Node For Selling Mutual Funds

by Askbanking March 8, 2018April 3, 2018 eWallets, Mutual Fund1 Comment

eWallet to Mutual Fund – Paytm gets SEBI node as registered investment advisor for selling of mutual funds in India. Paytm Money – the wholly-owned wealth management arm of financial services platform of Paytm. After getting node from SEBI, Paytm is joining hands with close to a dozen AMCs (asset management companies) and will roll out […]