If I buy stock xyz of 100 share today and again buy 200 share of same stock after 1 month, then sell total 300 share after 3 months .Will the dp charge act differently I.e on 100 share and 200 share as I buy on different time,i.e 15rs +15 rs or dp charge is applicable to only 300 share directly? I.e 15 rs
This process is similar to MF or it is different than Share???
DP charges are applicable per stock debit per day from your Demat account, regardless of the quantity of stock your sell. So in this case, DP charge is applicable once on the 300 shares debit of stock xyz from your Demat. It does not depend on the buy trades at all.
If you sell 2 different stocks from your Demat on a given day, then DP charge is applicable twice.
This process is similar to MFs as well. DP charges are applicable per MF debit per day from your Demat account, regardless of the quantity of MF units you sell.
The DP charges are mentioned below:
For stocks: Rs.13.5+GST(Rs.8 to Zerodha, Rs.5.5 to CDSL and GST to the Government).
For MF:Rs.5.5+GST(Rs.5.5 to CDSL and GST to the Government).
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Thanks for this valuable information.
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How many days are required to sell debt mutual fund units…
Is it required same time such as liquid fund or it is difficult to withdraw money from debit mutual fund??
Except for mutual funds with lock-in periods(which are usually tax-saver/elss funds), you can redeem other MF units as and when you please.
Let me give you an example. DSP Blackrock money manager fund is a debt mutual fund. You can select the MF and ‘Redeem’ it at any point.
If you notice from the Redemption window, the settlement time is T+1 days for this. So if you sell your MF units on T day before 1.30pm, the funds will be credited to your trading account at the end of T+1 day. If you sell your MF units after 1.30pm on T day, then the funds will be credited to your trading account at the end of T+2 day. Please note that the settlement period could vary from one fund to another depending on the AMC and the type of the fund.
Did I get the Printed information from AMC to which I brought mf to my permanent address as a receipt of buying or I get information on my email only…
No, you will not receive a transaction statement for your MF purchases. When you invest in a particular Mutual Fund through Coin, a folio number is generated for this transaction by the AMC managing the MF. Although the statement of transaction with the folio number is not provided to you by the AMC as your units are in Demat form, you will be able to see the folio number in your Coin dashboard as shown below:
You will also receive a quarterly Holdings statement from the depository CDSL where you can verify your stock and MF holdings.
As I brought a Mf of certain units and from AMC mail they have stated about printed statement.
But Thanks for your Kind Information.