Investment
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Guidelines on Non-Demat Unit Transfers and Tax Implications
Posted On Tuesday, Jun 03, 2025
Dear Partner,
In light of AMFI’s latest circular issued in May 2025, we’ve compiled a concise, easy-reference table to help you, and your clients understand the tax implications on Transfer of Mutual Fund Units In Non – Demant Mode (Physical SOA mode) for various scenario — including joint holder changes, gifts, transfers, and transmissions.
To help you explain these client queries with confidence, this table outlines:
What is taxable (and what’s not)
Who bears the tax (if applicable)
How cost and holding period are determined for capital gain.
We encourage you to use this reference sheet in your investor conversations or forward it to clients who may benefit from an understanding of these implications.
Team Quantum
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Disclaimer, Statutory Details & Risk Factors:The views expressed here in this article / video are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The article has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of this article should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. |
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