Is dividend distribution tax applicable on dividend reinvestment plan

Whether Dividend Distribution Tax is applicable in dividend reinvest plans of MF?

Jan 30, 2019 by Mohammad Wasim, Burnpur  |   Mutual Fund

Yes, dividend distribution tax (DDT) is applicable also on dividend reinvestment plans of mutual funds.

Please note that even though dividends received in the hand of the investor is free, the AMC has to pay dividend distribution tax (DDT) irrespective of whether the investor has opted for dividend paid or re-investment option.

We suggest you to read the following two blogs on dividends -

https://www.advisorkhoj.com/licmf...

https://www.advisorkhoj.com/iciciprumf...

Hope this answer your query. Thanks.

View All Queries
Search
You haven't found the answer for your queries? Do post your queries to us.
POST A QUERY
PGIM MF Healthcare Fund NFO New 300x250

Recent Queries

See MoreMore

Fund News

See MoreMore

Tools and Calculators

UTI Nifty Alpha Low Volatility 30 Index Fund NFO 300x600
Feedback
Notification