Systematic Transactions — SIP, SWP, STP
40 practice questions on this topic
What is the consequence of a mutual fund investor not providing or updating their email ID in the folio?
EXPLANATION
If an investor has not registered an email ID, all account-related communications including account statements and CAS are sent by physical post to the registered mailing address. There is no transaction restriction.
What is the TDS rate on short-term capital gains from equity mutual fund redemptions for an NRI?
EXPLANATION
NRI investors face TDS at 20% on STCG from equity mutual funds (Section 111A), plus applicable surcharge and cess. Note: Post July 2024 Budget, the STCG rate for equity is 20% (increased from 15%).
In a mutual fund folio, which of the following is the correct order of holding for joint accounts in terms of redemption authority?
EXPLANATION
In 'Either or Survivor' mode, any joint holder can redeem independently. In 'Joint' mode, all holders must sign the redemption request. The holding mode governs operational authority.
Can a minor investor have a joint holding in a mutual fund folio?
A switch transaction in mutual funds refers to:
In an SWP, each withdrawal from an equity fund held for more than 12 months is treated as:
What does the Account Statement sent within 5 business days of a transaction contain?
An investor submits a redemption request for an equity mutual fund at 4:00 PM on a business day. Which NAV will be applicable?
An NRI investor from the UK redeems units from an equity mutual fund held for 15 months. The AMC will deduct TDS at:
What does SWP stand for in the context of mutual fund investor services?
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