Expense ratio, exit load and tax
Expense ratio: %
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. Pattnayak has done MBA
Experience
Prior to joining Choice Mutual Fund, he was associated with Quant Mutual Fund, Edelweiss Asset Management, Indus Equity Advisors and Wolverine Equities & Markets UK.