Mutual fund investing on FYERS is cost-efficient and transparent. While there are no platform fees for purchasing mutual funds, certain regulatory charges and transaction-level costs do apply. Here’s a breakdown of stamp duty, DP charges, and how to view fund-level expenses like the expense ratio.
Are There Charges for Buying Mutual Funds?
- There is no fee charged by FYERS for purchasing mutual funds—whether through SIPs or one-time investments.
- All plans available on FYERS are direct plans, which come with the lowest expense ratios and no distributor commissions.
Is Stamp Duty Applicable?
Yes, stamp duty is charged as per government regulations on all mutual fund purchases, including SIP instalments and switch-ins.
- Rate: 0.005% of the investment amount (not the NAV)
- Applies to: One-time investments, SIPs, dividend reinvestment, and switch-ins
- Does not apply to: Redemptions or withdrawals
Example: For a ₹10,000 investment, ₹0.50 will be deducted as stamp duty before units are allotted.
Stamp duty is processed by the registrar (RTA) and is shown in your transaction statement and contract note.
Are There Any Charges When Redeeming Mutual Funds?
Yes, a Depository Participant (DP) charge applies when you redeem (sell) mutual fund units:
- ₹12.5 + 18% GST per ISIN per redemption
- Charged only at the time of redemption—not for holding or purchasing
- This is a standard charge across Demat platforms and is auto-deducted
Steps To Check the Expense Ratio of a Mutual Fund
- Log in to FYERS (Web or App)
- Go to Mutual funds and search for the scheme
- Open the Fund detail page to view the expense ratio, NAV, category, and other metrics
There are no platform charges for investing in mutual funds on FYERS. Stamp duty and DP charges are applied as per regulatory rules and are clearly visible in your transaction statements.
What If...
| Scenario | Explanation |
|---|
| You want zero transaction cost | As long as you don’t redeem, there are no charges. Buying and holding is free. |
| You invest via SIP | Stamp duty applies to every SIP instalment automatically. |
| You switch between mutual fund schemes | Stamp duty applies to the amount invested in the new scheme. |
| You redeem your mutual fund units | DP charges apply per ISIN at redemption. No stamp duty is charged. |
| You want the lowest ongoing charges | FYERS offers only direct plans, which have the lowest expense ratios by design. |
Last updated: 17 Nov 2025
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