Expense ratio, exit load and tax
Expense ratio: 0.65%
Inclusive of GST
Exit load
Exit load of 1% if redeemed within one year.
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. Jain holds a Bachelor of Engineering Degree and is also MMS.
Experience
Has been associated with SBIMF since 2004. Earlier,he was with IDBI Capital Market Services Ltd.