NISM 5B Mutual Fund Foundation Certification Exam Notes

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  • Stamp Duty Uniformity: Standardized across all mutual fund transactions.
  • ELSS Lock-In Impact: Affects liquidity but offers tax advantages.
  • Tax Rate Clarity: SEBI ensures clear tax disclosure in SID.
  • Dividend Tax Rates: Vary based on investor’s tax slab.
  • Capital Gains Calculation: Based on NAV at purchase and redemption.

NISM 5B Mutual Fund Foundation

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