Share Purchase Agreement In India In Franklin
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FAQ
For example: In Delhi, the rate of stamp duty on the issue of share certificates (physical or demat) was 0.1% which has now been changed to 0.005% w.e.f. 1st July 2020 and now it is uniform for all states.
This refers to privately buying your shares from another person. In other words, without using a broker or trading platform. Stamp duty in this case is referred to as Stamp Duty Reserve Tax (SDRT). Stamp duty will still apply at 0.5% of the total value of the share.
Yes, NRIs can invest directly in mutual funds schemes through the online portals of AMCs using their NRE/NRO accounts. Some AMCs may have restrictions, particularly for NRIs residing in certain countries like the US and Canada. You should consult the specific AMC before making any investments.
The Securities and Exchange Board of India (Sebi) recently issued a circular allowing Indian mutual funds to invest in foreign mutual funds or unit trusts that have exposure to Indian stocks, with a cap of 25 percent of the total asset size.
Franklin Resources, Inc. NYSE:BEN, is our parent company.
You will not be charged a separate maintenance for any accounts with Fiduciary Trust International of the South (FTIOS), the custodian for retirement plans offered by Franklin Templeton, unless they are in a differing retirement plan type.
In April 2020, Franklin Templeton MF unilaterally decided to suspend investment and redemption in six of its debt schemes with assets under management of ₹25,215 crore due to a liquidity crisis in the debt market amid the Covid pandemic breakout.
