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

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


* 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 subscriptionExit 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 70.0000%
(This is applicable for all investments made in liquid funds post October 19, 2019)
Type of InvestmentExit 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 equityUsually none

Capital Gains taxes

Type of InvestmentHolding 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 inflationTax 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 deduction10% capital gains tax on gains over Rs.1 LakhNot applicable as these investments cannot be sold before the 3 year lock-in period
US equity3 years from purchase20% tax after “indexation”: a process by which you can adjust your purchase cost upwards based on inflationTax based on your income tax bracket (10% or 20% or 30% + cess)

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