Mutual Funds Investment by Zeodha Coin | 0.17% Deducted | Why?

[Bhuvan]

@Stonecold

Does this mean that we have incurred a loss of Rs.10 in my case ?"

No, there’s been a recent development where stamp duty is now applicable on all MF transactions:

Stamp duty to be applicable on mutual fund transactions from July 1, 2020

Stamp duty will be applicable on purchase of mutual funds from July 1, 2020. Here’s a handy list of FAQs by ICICI Pru. What are the amendments in the Indian Stamp Act pertaining to mutual funds? Ans: Pursuant to Notification No. S.O. 1226(E) and G.S.R. 226(E) dated March 30, 2020 issued by Department of Revenue, Ministry of Finance, Government of India, read with Part I of Chapter IV of Notification dated February 21, 2019 issued by Legislative Department, Ministry of Law and Justice, Governmen…

You would’ve received an allotment email from us with a detailed breakup.