Query: Transaction charges in mutual funds

62°
Deal Cadet
Mk07
I just came to know about transaction charges related to mutual funds.
So for any transaction amount higher than 10,000 rs. via SIP or lumsum mode incurrs transaction charge of rs. 150 or 100 rs.

Can someone please share some thoughts on this, whether I will be charged with such amount if I invest in Direct mutual funds via SIP amounting to rs. 15000 monthly?

TIA.
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Deal Cadet Deal Cadet
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Invest through MFCentral https://mfcentra...m/, which is an investor services hub conceived by KFintech & CAMS. No transaction charges. You can add/delete bank accounts, add/remove nominees, consolidation of folios and many other non financial transactions across all mutual fund houses.

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Benevolent Benevolent
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No Transaction charges.

if buying via Broker it might charge you brokerage 

Only charges that is applied is STT.. which is 0.001% of the Value 

Deal Cadet Deal Cadet
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I invest through paytm money app. So will there be any charges for direct mutual funds? And if yes then will it be charged every month?

Budding Star Budding Star
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direct option is better

Deal Cadet Deal Cadet
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Yes I invest in direct mutual funds only through paytm money.

Deal Newbie Deal Newbie
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In which fund you invested in. AMC charge expense ratio on sip or lumpsum. Stamp duty also included. 

Deal Cadet Deal Cadet
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I have invested in uti nifty50 and quant elss and now I'm thinking to invest more than 10k per month, so want to confirm regarding transaction charges.

And yes I'm aware about expense ratio, STT, exit load, etc but I'm unaware about transaction charges.

Deal Cadet Deal Cadet
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Invest through MFCentral https://mfcentra...m/, which is an investor services hub conceived by KFintech & CAMS. No transaction charges. You can add/delete bank accounts, add/remove nominees, consolidation of folios and many other non financial transactions across all mutual fund houses.

Benevolent Benevolent
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have u used Consolidation of folios in mf centeral. how does it work, pls enlighten.
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Finance Mentor Finance Mentor
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There is no such charge. You will be charged a small stamp duty which I think is 5rs for 10k.

Deal Cadet Deal Cadet
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Got it thanks bro, just one correction, stamp duty will be 5 rs. for 1 lakh.

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