Expense ratio, exit load and tax
Expense ratio: 1.04%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Rupesh is a B.E.(Civil) and MBA (Finance)
Experience
Prior to joining Nippon India Mutual Fund, he has worked with Tata Asset Management Limited, Indiareit Fund Advisors Pvt. Ltd. and Credit Analysis & Research Ltd.
Managed Schemes
Education
Mr. Rathod has done CFA, FRM and MBA in Finance
Experience
Prior to joining Nippon India Mutual Fund, he has worked with Alchemy Capital and Mutual Fund