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What are the withdrawal charges? Are there any taxes to pay?

Scripbox does not have any withdrawal charges. However, at the time of withdrawal, depending on whether your investments are classified as short-term or long-term, you may incur exit loads (to the mutual fund company) or capital gains taxes.

Exit loads

Type of Investment

Exit Load

Equity *1% of sale proceeds if sold within 1 year of purchase *
Debt *Usually none * 
Tax SavingNot applicable as these equity investments cannot be sold before the 3 year lock-in period, thereby exceeding 1 year
US equity
Usually none


* Investment type: Equity
   Fund name: Parag Parikh Long Term Equity Fund (Growth)
   Exit load: 2% on or before 365 days OR 1% after 365 days but on or before 730 days.

* Exit loads on Liquid Funds as are follows: 

Investor exit upon subscription

Exit loads as a % of redemption proceeds

Day 10.0070%
Day 20.0065%
Day 30.0060%
Day 40.0055%
Day 50.0050%
Day 60.0045%
Day 7

0.0000%

(This is applicable for all investments made in liquid funds post October 19, 2019)


Capital Gains taxes

Type of Investment

Holding Period to be
classified "Long Term"

Tax on Long-Term
Capital Gains

Tax on Short-Term
Capital Gains

Equity1 year from purchase10% capital gains tax on gains over Rs.1 Lakh15% flat tax on the gain amount after exit load deduction + cess
Debt3 years from purchase20% tax after “indexation”: a process by which you can adjust your purchase cost upwards based on inflation
Tax based on your income tax bracket (10% or 20% or 30% + cess)
Tax Saving3 year lock-in for these equity funds to be eligible for section 80C income tax deduction
10% capital gains tax on gains over Rs.1 Lakh
Not applicable as these investments cannot be sold before the 3 year lock-in period
US equity
3 years from purchase
20% tax after “indexation”: a process by which you can adjust your purchase cost upwards based on inflation
Tax based on your income tax bracket (10% or 20% or 30% + cess)



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If you need further assistance please feel free to reach us at 1800-102-1265