n NISM Certifications
V-A NISM Series V-A
Medium

Sale of units of equity-oriented mutual fund (delivery-based) will attract Securities Transaction Tax at ______ %.

Practice question from Nism VA Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    0.01

  2. 0.001

    Correct answer

  3. C

    0.017

  4. D

    0.125

Why this is the answer

When units of equity mutual funds are sold in the stock exchange, STT is charged at 0.001% of the sale transaction amount.

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