NISM 5B Mutual Fund Foundation Certification Exam Notes

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  • GST Applicability: Applies to distributor commissions, not scheme expenses.
  • Tax Deferral: Mutual funds defer taxes until income is distributed.
  • Holding Periods: 12 months for listed securities and equity funds; 24 months for others.
  • Dividend Taxation: Tax-exempt for certain investor categories like charities.
  • STT Exemption: Not applicable to debt securities or funds.

NISM 5B Mutual Fund Foundation

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