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

Stamp duty is required to be paid for which of these mutual fund transactions? (1) New purchases (2) Systematic Investment Plan (SIP) (3) Dividend reinvestment (4) Systematic Transfer Plan (STP)

Practice question from Nism VA Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    1,2, and 4

  2. B

    Only 1

  3. C

    2 and 4

  4. 1, 2, 3, and 4

    Correct answer

Why this is the answer

Stamp duty applies to all mutual fund inflow transactions like purchases, SIPs, dividend reinvestment, and STPs as per government guidelines.

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