Why isn't my entire mutual fund investment used to buy units?

Whenever I invest in mutual funds, I notice that instead of the full amount being allocated, the units are calculated for a slightly lesser amount. While the difference is negligible, I'd like to understand why this happens. - Anonymous The slight reduction you notice is because a small portion of your investment amount is deducted upfront in the form of stamp duty. This deduction is mandated by the government and applies to all mutual fund purchases. How does it work? Stamp duty is charged at

This article was originally published on December 26, 2024.