New Delhi. Investing on mutual funds, a new means of investment that is becoming increasingly popular among the people, will now become expensive. From tomorrow, ie from July 1, 2020, stamp duty will have to be paid for investing in mutual funds or selling it. This will make investment a little expensive, which will make a difference on investment. Not only this, if you invest in Mutual Fund through Systematic Investment Plan ie SIP and Systematic Transfer Plan ie STP, you will be charged stamp duty. The highest impact of this stamp duty will be seen on debt funds, which are usually for short duration.
According to this new rule, you will have to pay 0.005% of the total investment on investment in mutual funds as stamp duty. Also, if you transfer a mutual fund unit, you will still have to pay stamp duty. It will incur a stamp duty of 3 times, ie 0.015%.
According to Live Mint, stamp duty on mutual funds was supposed to be in force from January this year, but it was first postponed to April. After this, it was again postponed to July. In such a case, if its date is not extended further, it will come into force from July 1. This will lead to an additional charge on investment in mutual funds. Stamp Duty Mutual Fund will pay you not only while selling the unit but also while buying.
