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

The Securities Transaction Tax levied on re-purchase of units of debt mutual funds is _____.

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    0.001%

  2. B

    0.025%

  3. C

    0.25%

  4. STT is not applicable

    Correct answer

Why this is the answer

STT is not applicable to debt mutual funds. It only applies to equity mutual funds and transactions involving equity shares, whether traded on the stock exchange or redeemed through the fund.

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