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Options
-
Systematic Transfer Plan (STP)
Correct answer
- B
A new investor making a purchase in a mutual fund scheme
- C
An existing investor making a purchase in a mutual fund scheme
- D
Systematic Investment Plan (SIP)
Why this is the answer
Transaction charges can be levied on SIPs, provided the SIP commitment is ₹10,000 or more (₹100 per SIP installment deducted up to 5 installments). They cannot be levied on STPs, Dividend reinvestments, or switch transactions.
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