NISM 5B Mutual Fund Foundation Certification Exam Notes

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  • GST Reverse Charge: Distributors pay GST under reverse charge mechanism.
  • Dividend Reinvestment: Attracts lock-in for ELSS reinvestments.
  • Tax-Exempt Investors: Benefit from no dividend distribution tax.
  • Capital Gains Tax: Calculated as sale value minus purchase cost.
  • STT Scope: Applies only to equity-oriented fund transactions.

NISM 5B Mutual Fund Foundation

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