DSP Global Equity Fund
Will the DSP Global Equity Fund (GIFT city) issue tax certificates to the investors?
Yes, DSP Global Equity Fund will issue tax certificates to the investors at the end of each Financial Year once the Financial Statements are approved by the Board of Directors (generally around mid July).
What are the charges associated with DSP Global Equity Fund (GIFT city)?
DSP Global Equity Fund has an expense ratio of 1% for its direct plan. Belong offers only direct plans which don't have commissions. Other than this, there's an exit load of 1% if the funds are redeemed within 2 years.
Is there any lock-in period for DSP Global Equity Fund (GIFT city)?
No, there is no lock-in. You can redeem your investments whenever you want. Please note that there's an exit load of 1% if redeemed within 2 years.
Is TCS applicable when I invest in DSP Global Equity Fund (GIFT city)?
Only resident Indian individuals pay 20% TCS on LRS remittances above INR 10 lakh in a financial year. Banks collect and issue Form 27D. The TCS can be claimed back as refund during ITR filing or adjusted against any other outstanding tax liability.
What is the minimum investment for DSP Global Equity Fund (GIFT city)?
USD 5,000 is minimum lumpsum investment, and USD 500 for additional purchases.
How will my capital gains be taxed with DSP Global Equity Fund (GIFT city)?
Capital gains tax is payable at the fund’s level when they buy and sell foreign stocks. After that, no further tax payable at investor level, for resident or non-resident investors. Capital Gains Tax (paid by fund) Short-Term Capital Gains Tax ...
Will I be investing in the fund’s direct or regular plan?
You will be investing in the fund’s direct plan without any commissions.
Is SIP facility available for this fund?
At the moment, the SIP option via auto-debit is not available for this fund. However, you can make a manual investment every month. We can send you a reminder every month so you can add funds and invest.
Who can invest in DSP Global Equity Fund (GIFT city)?
Resident Indians, Non-Resident Indians*, OCI* (Overseas Citizens of India) as well as foreign investors* can invest in this fund. *Investors from US & Canada are not eligible to invest in this fund.
What is the DSP Global Equity Fund (GIFT City)?
DSP Global Equity Fund is a USD-denominated, open-ended global equity fund set up in GIFT City. It invests directly in international stocks across countries and sectors. You can refer to the attached brochure: