AMFI seeks clarification from SEBI on the levy of stamp duty tax on TER
Mar 05 2019
News Category: Industry Update
According to media reports, Association of Mutual Funds in India is seeking clarification from SEBI and the government on the levy of stamp duty tax. Presently, Total Expense Ratio (TER) does not include stamp duty tax. As such the trade body has requested SEBI and the government to make the required alteration in the TER structure.