INDMoney Charges

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US Stocks

Mutual Funds

FD

INDmoney Premium Services

Charges outside of INDmoney

US Stocks

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    Taxation

    Less than 24 months: STCG. Income tax slab rate (+ surcharge and cess). More than 24 months: LTCG @ 20%

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    Dividends

    Dividends are taxed at source at a rate of 25%. So the money you receive in your US stock account as a result of dividend payment will be post deduction of tax. You can however offset this tax deducted in your yearly income tax filings in India and get a full credit of the same.

  • Tax

    TCS

    Above Rs 7 lakh: 5% TCS (Can claim tax credit at while filing)

Mutual Fund

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    Expense Ratio

    The AMC charges the fund management fees + distribution (commission) fee to manage a mutual fund. INDmoney works with Direct Plans of mutual funds only. Direct plans of mutual funds have 0 distribution (commission), in turn minimizing the expense ratio. The applicable GST is also included in the expense ratio.

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    STT (Stamp Duty)

    STT is a tax paid on purchase or sale of securities. When it comes to mutual funds, only equity oriented funds attract an STT payment. If you've invested in a debt oriented fund, then no STT applicable on it. STT of 0.025% of sold amount is payable when you sell units of equity mutual funds. STT is not applicable at the time of purchase of equity mutual funds.

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    Exit Loads

    Exit load is a fee charged by the mutual fund houses if investors sell units within a certain period from the date of investment. Some funds don't charge exit load. Typically, equity mutual fund schemes levy an exit load of 1% if the units are sold within one year of buying. Debt funds, also levy an exit load, but the period could be as low as a day or a month since the overall tenure of the fund could be only a few weeks or months. Liquid funds do not charge any exit load.

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    Taxation

    Equity mutual funds: STCG tax @ 15% (sold within one year). LTCG tax @ 10% (sold after one year). LTCG up to Rs 1 lakh exempt from taxes

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    Dividends

    Taxable at the hands of the investor at the Income tax slab

FD

  • Pre-mature withdrawal

    Lock-in of 3 months. 3-6 months: No interest earned in case of pre-mature withdrawal. Above 6- 12 months: 2-3% lower interest than booking rate. 1 year+: 1-2% lower than initial rate

  • Taxation

    On Income tax slab. Upto Rs 10,000 exempt u/s 80 TTA. Rs 50,000 exempt for Sr Citizens

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