I had purchased few units of Nippon LiquidBees and they were credited to my demat on 15th of April.
Now, if i check the dividend calculator on Dividend calculator , i see that the weekly dividends which is credited to my demat is less than what is mentioned on the calculator. Can you explain why it is so ?
Well reading this declaration on calculator page might help:
“Investors to note that w.e.f. April 01, 2020 the Dividend rates are applied on Gross rate in the Dividend Calculator, the actual dividend units in the hand of investor will vary depending on the applicable TDS rate as per investor category.”
How do they categorise investors now if they’re deducting TDS
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