NISM-Series V-A: Mutual Fund Certification Exam Notes
Page 29 Of 63
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Transaction Charges are levied for transactions done by investor through Opt-in Mutual Fund Distributor
Transaction Charges for Purchase of Rs 10,000 and above by a First Time Investor - Rs 150
Charges for Purchase of Rs 10,000 and above by a regular Investor - Rs 100
The Goods and Services Tax (GST) became applicable with effect from July 2017. GST is payable by any person making taxable supplies of goods/services and whose annual turnover exceeds Rs. 20 lakhs.
A mutual fund distributor, who has registered and obtained a GST number would be required to raise an invoice for the commission, and pay the GST to Government.
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