NISM 5B Mutual Fund Foundation Certification Exam Notes

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  • Dividend Reinvestment Tax: Treated as fresh investment for ELSS.
  • Capital Gains Exemption: LTCG up to Rs. 1 lakh exempt for equity funds.
  • STT Applicability: Limited to equity-oriented schemes only.
  • Stamp Duty Purpose: Enhances revenue collection for transactions.
  • ELSS Tax Efficiency: Combines growth and tax savings.

NISM 5B Mutual Fund Foundation

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