1st October Changes: Big news for those investing in mutual funds - new charges applicable from 1st October

CDSL-Central Depository Services has changed the charges. The company announced a uniform tariff. A tariff of Rs 3.50/debit transaction was announced. The revised rates will be applicable from October 1, 2024. The stock rose after the news.

CDSL-Central Depository Services Ltd announced changes in charges- There will be a discount of Rs 0.25 per transaction on mutual funds, bond issues. The discount of Rs 0.25 per transaction on women's account will continue to be available as before.

What does CDSL do- The full form of CDSL is Central Depository Securities Limited. On the other hand, 'NSDL' stands for 'National Securities Depository Limited'. Both CDSL and NSDL are depositories registered by the Government of India which handle various types of securities like stocks, bonds, ETFs. Share performance-  On Thursday i.e. 26 September 2024, the stock opened at Rs 1,503.75 against the closing price of Rs 1,496.25. After this the stock crossed Rs 1,510. The company recently gave one bonus share for one. Let us tell you that FIIs i.e. foreign institutional investors have invested heavily in the stock. In June 2023, his stake was 7.92 percent. Whereas, in June 2024, it doubled to 14 percent. MCX increased charges -  announced to increase charges. The transaction fee for futures contract will be Rs 2.1 per lakh turnover value, while for option contract it will be Rs 41.8 per lakh premium turnover value. The exchange has said in its release that these changes have been made on the basis of SEBI's instructions. In the release, the exchange said that in continuation of SEBI's circular issued on July 1, 2024 regarding Charges Leved by Market Infrastructure Institutions- True to level, the exchange is issuing notification regarding transaction fees on July 10, 2024 and September 13, 2024.

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