NISM 5B Mutual Fund Foundation Certification Exam Notes

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  • Growth Option Taxation: Taxed on redemption as capital gains.
  • Dividend Payout Taxation: Taxed in investor’s hands as income.
  • Dividend Reinvestment Taxation: Treated as fresh investment for tax.
  • NFO Categorization: Must fit within SEBI-defined scheme categories.
  • Cut-Off Timings Equity: 3:00 PM for equity and debt funds (except liquid).

NISM 5B Mutual Fund Foundation

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