1. No category

Brokerage Structure
Effective from October 01, 2014 to December 31, 2014
Name of the Scheme
Amount
Distribution Incentive
Special Incentive for other than T15
Locations (%)
Trail Year 1 (%)(p.a.) (A.P.M.)*
Trail Year 2 (%)(p.a.) (A.P.M.)*
Trail Year 3 (%)(p.a.)(A.P.M.)*
Trail Year 4 onwards
(%)(p.a.)(A.P.M.)*
Equity Schemes
Axis Equity Fund
Not Applicable
2.00
1.00
NIL
0.50
0.75
0.75
Axis MidCap Fund
Not Applicable
2.00
1.00
NIL
0.50
0.75
0.75
Axis Focused 25 Fund
Not Applicable
3.00
1.50
NIL
NIL
0.75
0.75
Axis Enhanced Arbitrage Fund
Not Applicable
0.25
NIL
0.75 ^^
0.50
0.50
0.50
Hybrid Schemes / Income Schemes with Equity Exposure
Axis Income Saver
Not Applicable
2.00
1.00
NIL
0.50
0.75
0.75
Axis Triple Advantage Fund
Not Applicable
3.75
1.25
NIL
NIL
NIL
0.75
NIL
NIL
NIL
0.75
ELSS Scheme
Axis Long Term Equity Fund
Not Applicable
4.50
1.00
Debt Schemes
Axis Income Fund
Not Applicable
0.25
NIL
1.00
0.75
0.75
0.75
Axis Dynamic Bond Fund
Not Applicable
3.00
NIL
NIL
NIL
NIL
0.75
Axis Short Term Fund
Not Applicable
0.75
NIL
0.50*
0.50
0.50
0.50
Axis Fixed Income Opportunities
Fund
Not Applicable
2.20
NIL
NIL
NIL
0.75
0.75
Axis Banking Debt Fund
Not Applicable
NIL
NIL
0.20
0.20
0.20
0.20
Above Rs.5 Cr
NIL
NIL
0.40
0.15
0.15
0.15
Less than or equal to Rs.5 Cr
NIL
NIL
0.75
0.25
0.25
0.25
0.30
0.30
0.30
0.30
NIL
0.50
0.50
0.50
0.05
0.05
0.05
0.05
Axis Treasury Advantage Fund
Gilt Scheme
Axis Constant Maturity 10 Year Fund
Not Applicable
NIL
NIL
Gold Fund
Axis Gold Fund
Not Applicable
1.00
NIL
Liquid Scheme
Axis Liquid Fund
Not Applicable
A.P.M.* - Annualized Payable Monthly
^^ Trail for Axis Enhanced Arbitrage Fund shall be paid 4th months onwards
* Trail Shall start from 7th month onwards
NIL
NIL
Minimum Investment Amount and Load Structure
October 01, 2014 to December 31, 2014
Name of the Scheme
Minimum instalment Amount for
Lumpsum Investments(Rs)
Minimum instalment Amount for
Systematic Investment Plan / Systematic
Transfer Plan (Rs)
Clawback Period for Distribution
Incentive and Promotional Incentive
Exit Load
Equity Schemes
Axis Equity Fund
5000
1000
12 Months
1.00% if redeemed / switched out within 12 months from the date of allotment
Axis MidCap Fund
5000
1000
12 Months
1.00% if redeemed / switched out within 12 months from the date of allotment
Axis Focused 25 Fund
5000
1000
2 Years
2.00% if redeemed / switched out within 2 Years from the date of allotment
Axis Enhanced Arbitrage Fund
5000
1000
90 Days
0.50% if redeemed / switched out within 90 days from the date of allotment
Hybrid Schemes / Income Schemes with Equity Exposure
Axis Income Saver
5000
1000
12 Months
1.00% if redeemed / switched out within 12 months from the date of allotment
Axis Triple Advantage Fund
5000
1000
3 Years
3 % if redeemed/switched out within 1 year from date of allotment and 2% if redeemed/switch out after 1year and upto 2 years
from date of allotment and 1% if redeemed /switched out after 2 years and upto 3 years from date of allotement.
ELSS Scheme
Axis Long Term Equity Fund
500
500
Not Applicable
NIL
Debt Schemes
Axis Income Fund
5000
1000
3 Months
0.50% if redeemed / switched out within 3 months from the date of allotment
Axis Dynamic Bond Fund
5000
1000
3 Years
1.00% if redeemed / switched out within 3 Years from the date of allotment
Axis Short Term Fund
5000
1000
As per T&C
0.25% if redeemed / switched out within 1 month from the date of allotment
Axis Fixed Income Opportunities Fund
5000
1000
2 Years
1.00% if redeemed / switched out within 1 year from the date of allotment and 0.50% if redeemed / switched out within 1-2
years from the date of allotment
Axis Banking Debt Fund
5000
1000
Not Applicable
0.25% if redeemed / switched out within 1 month from the date of allotment
Axis Treasury Advantage Fund
5000
1000
Not Applicable
NIL
Gilt Scheme
Axis Constant Maturity 10 Year Fund
5000
1000
Not Applicable
NIL
Gold Fund
Axis Gold Fund
5000
1000
1 Year
1.00% if redeemed / switched out within 1 year from the date of allotment
Liquid Scheme
Axis Liquid Fund
5000
-
Not Applicable
NIL
Notes:
A. General:
1. This is further to your empanelment with Axis Asset Management Company Limited on behalf of Axis Mutual Fund.
2. All incentives (and any other promotional incentive) outlined in the table above are applicable for the period October 01,2014 to December 31,2014. However, Axis Asset Management Company Limited (AAMC) / Trustee
reserves the right to change the applicable Brokerage Rates as it may deem fit without any prior intimation or notification – Distribution Incentive/ Special incentive in the intermittent period in case of Regulatory Changes /
Change in Industry practices in respect to payment of Brokerage on Funds or due to any other circumstances which AAMC / Trustee may deem fit
3. Top 15 cities refers to Top 15 Cities provided by AMFI & Beyond 15 cities refers to all the cities beyond the Top 15 cities. The list of Top 15 cities currently is: Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Hyderabad,
Jaipur, Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai), New Delhi(including NCR), Panjim, Pune and Surat. However the list is subject to change as and when AMFI/SEBI notify the same.
4. Recovery of Distribution incentive Paid: Given the changes in the Regulations w.e.f. October 1, 2012, a new Clause of Recovery of distribution incentive (inclusive of any promotional incentive) paid to the Distributor is being
introduced in the following manner:
a. The Distribution incentive for all schemes (except for Axis Short Term Fund) paid to a Distributor will be recovered from the Distributor, if the money (for which such distribution incentive was paid) is redeemed (change in the
broker code shall be considered as redemption) before the completion of the exit load period from the date of allotment of units (specified period) for such scheme/ investment. For Axis Short Term Fund, 0.25% of the Distribution
Incentive will be recovered from the distributor, if the money (for which such distribution incentive was paid) is redeemed (change in the broker code shall be considered as redemption) before the completion of the exit load period
(specified period) for such scheme/investment. The balance distribution incentive shall be recovered from the distributor, if the money (for which such distribution incentive was paid) is redeemed (change in the broker code shall be
considered as redemption) before the completion of 6 months from the date of allotment of units..
b. The Recovery will be made on a pro-rata basis, depending upon the number of days for which the investment has stayed invested in the fund before being redeemed within the specified period.
i. No. of days will be considered for the computation of the recoveries wherever the specified period are mentioned in months – 1 month will be considered as 30 days, 3 months as 91 days, 6 months as 182 days, 9 months as 270
days and 1 year as 365 days respectively.
ii. For redemptions within the specified period, the recovery of the brokerage will be equal to distribution incentive paid x (No. of days for the specified period – No. of days the monies have stayed in the funds) / (No. of days for
the specified period).
c. The following example explains the same:
i. A distribution incentive of 0.75% is paid on an Equity Fund, where the specified period is 1 year. For an investment of Rs. 100,000/-, a distributor would be paid a sum of Rs. 750/- as the distribution incentive
ii. The investor redeems this money exactly after completion of 180 days.
iii. In this case, the recovery will be Rs. 380.14, computed as ((750 * (365 – 180))/365 as per the above formula.
d. The Recovery will be made from the Brokerage payable to the Distributor for the month in which redemption has been made. E.g. If the redemption has been made in the month of October ’14, the recovery will be made from the
Brokerage payable for the month of October ’14 in November ’14.
e. In case the Brokerage payable to the Distributor is insufficient to cover the Recovery amount, the distributor shall be asked to remit the excess payment by Cheque to the AMC / Trustee. In case of any delay of more than 10 days in
refund of Brokerage / Commission (required to be clawed back) by the distributor, the distributor shall be liable to pay the outstanding brokerage / commission together with interest at 15% p.a. on the amount outstanding. The
AAMC / Trustee may approach AMFI / initiate appropriate legal proceedings, as it may deem fit, in case of non payment by the distributor.
5. Recovery of Special incentive Paid: Given the changes in the Regulations w.e.f. October 1, 2012, a new clause of recovery of special incentive paid to the distributor is being introduced in the following manner:
a. The special incentive paid to a distributor will be recovered in full from the distributor, if the investment (for which such special incentive was paid) is redeemed before the completion of one year (365 days) for such scheme/
investment.
b. The Recovery will be made from the brokerage payable to the distributor for the month in which redemption has been made. E.g. If the redemption has been made in the month of October ’12, the recovery will be made from the
Brokerage payable for the month of October ’12 in November ’12.
c. In case the Brokerage payable to the distributor is insufficient to cover the recovery amount, the recovery will be tried for three consecutive months. In case the recovery is still not possible, a demand notice will be sent to the
distributor asking him to refund the money to the AMC / Trustee. In case the distributor does not pay the money within 1 month from the date of the receipt of the notice, the AAMC / Trustee will approach AMFI for the resolution
of the same or initiate the required corrective action including legal proceedings as it may deem fit.
RECOVERY OF THE DISTRIBUTION INCENTIVE OR SPECIAL INCENTIVE WILL BE AT THE ARN LEVEL AND NOT AT THE SCHEME LEVEL.
THE DISTRIBUTOR AGREES THAT SOURCING OF FUNDS AFTER OCTOBER 01, 2012 FOR AXIS MUTUAL FUND SCHEME(S) AFTER RECEIPT OF THIS BROKERAGE STRUCTURE INCLUDING THE ABOVE REFERRED TERMS AND CONDITIONS
SHALL BE CONSTRUED AS AN AGREEMENT OF HIS/HER/ITS ACCEPTANCE TO THE TERMS AND CONDITIONS.
B. Statutory/ AMFI Regulations
1) The commission structure communicated by the AAMC / Trustee on behalf of Axis Mutual Fund from time to time is all inclusive i.e. inclusive of any cess, charges, taxes, etc. that may be applicable to the Distributor and eligible for all the statutory deductions,
including Income Tax, Service Tax, etc.
2) Investment in Axis Long Term Equity Fund (an Open-ended equity linked saving scheme with a 3 year lock in) is currently eligible for deduction under Section 80C of the Income Tax Act, 1961. Investors should be requested to consult their tax advisor in this
matter.
3) The rules and regulations of SEBI/ AMFI pertaining to brokerage payment to distributors will also be applicable for payment of the above mentioned brokerage structure.
4) The above brokerage structure is based on the present expense ratio allowed by SEBI. Any change by SEBI in the expense ratio will entail a change in the above brokerage structure.
5) In case any Assets under your ARN Code are transferred to another Distributor at the request of the Investor, you shall not be entitled to receive any trail commission on such assets. Further, the payments of Trail Commission on Assets that are transferred
from another Distributor to your ARN Code shall be subject to us receiving a “Clearance Certificate” from the previous Distributor and shall be subject to applicable rules. Please contact your Axis Mutual Fund - Relationship Manager for further details.
6) The distributors shall adhere to all applicable SEBI Regulations and more particularly SEBI circulars dated June 26, 2002 and August 27, 2009 on the Code of Conduct and other guidelines issued by AMFI from time to time for mutual fund distributors and
ensure that (i) no rebate is given to investors in any form and (ii) there is no splitting of applications for any benefit.
7) As per the guidelines issued by SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) upfront commission will be paid by the investor directly to his Distributor / Advisor based on his assessment of various factors including the service rendered by the
Distributor / Advisor. Further, the Distributor / Advisor is required to disclose to customers all the commissions (in the form of trail commission or any other mode) received by him for different competing schemes of various mutual funds from amongst which
the Scheme of Axis Mutual Fund (AMF) is being recommended to them.
8) In terms of SEBI / AMFI circulars / guidelines, the Channel Partners shall submit to Axis Mutual Fund all account opening and transaction documentation including Know Your Client, Power of Attorney (PoA), Account Opening Form, etc. in respect of investors /
transactions through Channel Partners. Further, the payment of commission shall be made depending on the documentation completion status.
9) SEBI has communicated to all mutual funds / AMCs that any sales, marketing, promotional or other literature / material about the fund house products prepared by its distributors need to adhere and comply with the guidelines issued by SEBI with respect to
the advertisement by Mutual Funds. It has further advised the AMCs to take suitable steps for put in place a mechanism for proactive oversight in this regard.
The Distributor shall not make representations/ statements concerning the units of the schemes other than as contained in the current SID(s), Key Information Memorandum and printed information issued by Axis Mutual Fund / Axis Asset Management
Company Limited as information supplemental to such documents. The Distributor shall only use such advertising / sales material for distributing / selling activities as provided / approved by Axis Mutual Fund / Axis Asset Management Company Limited when
advertising. The Distributor shall not indulge in any kind of malpractice or unethical practice to sell, market or induce any investor to buy mutual AMF units which may directly / indirectly impact Axis Mutual Fund / Axis Asset Management Company Limited in
any manner.
10) In terms of a SEBI directive, the Distributor / Advisor shall not take any Irrevocable Power of Attorney from its clients in connection with investments in the schemes of Axis Mutual Fund and that the liability of Distributor / Advisor shall not be limited and
depend upon his failure to discharge his obligations.
11) AMFI has vide circular dated August 27, 2010 introduced Know Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 2010, which is similar to Know Your Client (KYC) norms for investors, requiring the distributors to submit
identity proof, address, PAN and bank account details with proof. KYD norms are applicable for fresh ARN registrations and ARN renewals effective September 1, 2010. The existing ARN holders are required to comply with these norms by March 31, 2011, failing
which AMCs have been mandated to suspend payment of commission till the distributors comply with the requirements. All the Distributors / Advisors are encouraged to complete the KYD requirements at the earliest. The KYD Forms and Process Note are
available on AMFI website www.amfiindia.com.
12)This brokerage structure is subject to EUIN regulations/guidelines as specified by SEBI/AMFI and/or adopted by the Mutual Fund Industry.
13) The decision of the AMC / Trustee shall be considered final.
14) Any claims, disputes or difference arising under or in connection with this arrangement or anything done or omitted to be done pursuant hereto shall be subject to the exclusive jurisdiction of the civil courts in Mumbai.
15) In the event of excess payment of brokerage to the Distributor, AAMC/Trustee/Mutual Fund shall have the right to deduct and appropriate the excess amount from any amounts subsequently payable by the AMC to the Distributor. In the event that no
subsequent amount is payable by the AMC to the Distributor, the Distributor shall refund the same to the AMC within 30 days of demand by the AMC.
The trail outlined as First Year will be paid from the date of allotment of the units till the end of 1st year from the date of allotment, provided the Assets remain invested in the fund. Similarly, the Second Year trail will be paid from the beginning of the second
year from the date of allotment of the units till the end of the 2nd year, provided the Assets remain invested in the fund. The Third Year onwards trail will be paid from the beginning of the 3rd year from the date of the allotment till such time that the Assets, to
which the trail relates to, remain invested in the fund. The trail payments will be made in each year as outlined above, provided that the Total Expense Ratio and / or Brokerage payment from the relevant fund remain unchanged as applicable on the date of the
brokerage structure and on the date of actual allotment of units for which the appropriate additional incentive (FYT / SYT / TYT onwards) is payable. The AMC / Trustee reserves the right to review these rates and make changes as appropriate including in the
event where the total expense ratio changes at a later date. The Distributor may or may not be intimated of any changes, to the computation/ payment of trail.
BOI AXA Investment Managers: Brokerage Structure - Equity Schemes OND Quarter - 2014
Scheme Name
Application Amount
Upfront Brokerage
Exit Load
Top 15 C
Trail 2nd Yr onwards
(%p.a)
Trail 1st Yr (%p.a)
B 15 C
Top 15 C
B 15 C
All Cities
BOI AXA Equity Fund
Lumpsum >= Rs.5000
BOI AXA Focused Infrastructure Fund
Lumpsum >= Rs.5000
BOI AXA Tax Advantage Fund
>=Rs. 500
BOI AXA Equity Debt Rebalancer Fund
Lumpsum >= Rs.5000
1% if redeemed before 3 months from date of allotment
1% if redeemed before 12 months from date of allotment
<Rs. 1 Cr
=>Rs.1 Cr
0.50%
NIL
Upto Rs. 5 lacs
=>Rs.5 lacs
<Rs. 1 Cr
=>Rs.1 Cr
Upto Rs. 5 lacs
=>Rs. 5 lacs
2.00%
NIL
0.75%
0.25%
2.25%
All Amts.
Upto Rs. 5 lacs
=>Rs.5 lacs
All Amts.
Upto Rs. 5 lacs
=>Rs. 5 lacs
0.50%
2.00%
NIL
0.75%
0.25%
2.25%
Nil
3.25%
3.50%
0.5% (From 4th year onwards)
1% if redeemed before 12 months from date of allotment
0.75%
0.75%
0.50%
0.50%
0.50%
Terms & Conditions:
1. The brokerage rates are applicable for all purchases made from October 1, 2014 to December 31, 2014
2. The above brokerage structure will be applicable for Normal Purchases, Switch-ins, Monthly SIP, Daily SIP, Monthly STP and Daily STP.
3. For SIPs / STPs, the brokerage rates applicable at the time of registration will apply for all subsequent investment installments.
4. The above brokerage structure will not be applicable for Liq-uity facilities, or for any other facility / product for which any specific brokerage rate has been communicated.
5. The annualised brokerage is calculated on the basis of ‘Daily Average Assets' on the NAV and paid monthly.
6. The brokerage/commissions indicated above is on a gross basis, and is inclusive of other statutory levies.Brokerage / Commission will not be released until the amount payable exceeds Rs.500/-.
7. Decision of AMC pertaining to brokerage calculation and other matters pertaining thereto shall be final & binding.
8. BOI AXA Investment Managers reserves the right to seek refund in case of premature redemptions / unexpired period for which trail commission is paid.
9. The brokerage will be paid directly in your bank account as intimated by you to us.
10. The rules/ regulations of SEBI/ AMFI pertaining to brokerage payment to distributors shall also apply. Distributors shall comply with SEBI circular dated June 26, 2002 on Code of Conduct and SEBI Regulations from time to time.
11. Please refer to SEBI Circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 regarding transparency in commissions. You are requested to take note of Para numbered 4 (d) of that circular which states as follows: “The distributors should disclose all the commissions (in the form of trail
commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor”. Distributor is required to act accordingly.
12. On change of distributor (ARN Code) and on transfer of AUM from one distributor (ARN Code) to another distributor (ARN Code), the trail commission in respect of transferred assets will not be paid to old distributor (ARN holder) as well as to new distributor (ARN holder).
13. The brokerage rates and terms & conditions mentioned above are subject to change from time to time.
14. The brokerage structure is subject to the terms and conditions mentioned in the Distributor’s agreement signed between BOI AXA Investment Managers and you.
15. BOI AXA Investment Managers reserves the right to change the brokerage structure without any prior intimation.
16. Please read the latest Scheme Information Document / Statement of Additional Information carefully to confirm scheme details.
17. Identification or tagging of a transaction as B15 transaction solely rests with BAIM, including any guidelines issued by SEBI/AMFI and claims to change the tagging will not be entertained. (Top 15 C = Top 15 Cities as per AMFI Classification; B 15 C= Beyond 15 Cities, outside of the top 15 cities as per
AMFI Guidelines.
18. If the investment is redeemed within one (1) year from the date of subscription, BAIM reserves the right to claw back the commission paid for that subscription
19. The above brokerage rates are applicable for the Regular Plan only. There will be no brokerage payable for DIRECT PLAN
Guidelines on implementation of Employee Unique Identification Number (EUIN)
EUIN is being allotted and maintained by AMFI unit of Karvy and necessary communication has been sent by AMFI to all distributors.
1. Remediation process has been reduced to 30 days from the date of transaction for transactions submitted post October 1st 2013 upto June 30th 2014
2. EUIN is applicable to all Sales Persons of Corporate Distributors (Non-Individual ARN Holders only)
3. Individual or Sole proprietorship ARN holders are required to intimate AMFI unit of Karvy in case they employ any Sales Person for selling mutual fund products so that EUIN can be allotted to them.
4. EUIN is unique number allotted to each Sales Person holding a valid NISM certificate and associated with an ARN holder.
5. Distributors need to inform AMFI unit of Karvy in case of changes in the Sales Persons from time to time.
6. Provision is made in the application/transaction forms for affixing EUIN and the same is uploaded on the BOI AXA MF website.
7. EUIN capturing is implemented effective January 7th 2013.
8. All distributors are requested to use new application/transaction forms. 9. EUIN is required to be mentioned in respect of Purchases, Switches, SIP/STP registrations.
9. EUIN is required to be mentioned in respect of Purchases, Switches, SIP/STP registrations.
10. Mentioning EUIN on each transaction/application and withholding commission for non-compliance of EUIN has been strictly implemented w.e.f October 1, 2013.The commission would continue to be withheld for distributors who are yet to submit their list of Sales Persons to AMFI unit of Karvy for
registration and obtaining EUIN
BOI AXA Investment Managers: Brokerage Structure - Fixed Income Schemes - OND - 2014
Scheme Name
Application Amount
Entry Load
Exit Load
Upfront Brokerage
Trail 1stYr (%p.a) onwards
Trail 2nd Yr
onwards (%p.a)
BOI AXA Liquid Fund
Regular Plan (>=Rs.5,000 )
Nil
Nil
NIL
0.03%
0.03%
Regular Plan (>=Rs.5,000 )
Nil
Nil
NIL
0.20%
0.20%
NIL
0.30%
0.30%
0.75%
0.40%
0.50%
BOI AXA Treasury Advantage
Fund
BOI AXA Short Term Income
Fund
BOI AXA Regular Return Fund
Regular Plan (>=Rs.5,000)
Nil
Lumpsum (>= Rs. 10,000)
Nil
0.50% if redeemed within 45 days from date of
allotment
1% if redeemed before 12 months from date of
allotment
Terms & Conditions:
1. The brokerage rates are applicable for all purchases made from October 1, 2014 to December 31, 2014
2. The above brokerage structure will be applicable for Normal Purchases, Switch-ins, Monthly SIP, Daily SIP, Monthly STP and Daily STP.
3. For SIPs / STPs, the brokerage rates applicable at the time of registration will apply for all subsequent investment installments.
4. The above brokerage structure will not be applicable for Liq-uity facilities, or for any other facility / product for which any specific brokerage rate has been communicated.
5. The annualised brokerage is calculated on the basis of ‘Daily Average Assets' on the NAV and paid monthly.
6. The brokerage/commissions indicated above is on a gross basis, and is inclusive of other statutory levies.Brokerage / Commission will not be released until the amount payable exceeds Rs.500/-.
7. Decision of AMC pertaining to brokerage calculation and other matters pertaining thereto shall be final & binding.
8. BOI AXA Investment Managers reserves the right to seek refund in case of premature redemptions / unexpired period for which trail commission is paid.
9. The brokerage will be paid directly in your bank account as intimated by you to us.
10. The rules/ regulations of SEBI/ AMFI pertaining to brokerage payment to distributors shall also apply. Distributors shall comply with SEBI circular dated June 26, 2002 on Code of Conduct and SEBI Regulations from
time to time.
11. Please refer to SEBI Circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 regarding transparency in commissions. You are requested to take note of Para numbered 4 (d) of that circular which states as
follows: “The distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the
scheme is being recommended to the investor”. Distributor is required to act accordingly.
12. On change of distributor (ARN Code) and on transfer of AUM from one distributor (ARN Code) to another distributor (ARN Code), the trail commission in respect of transferred assets will not be paid to old distributor
(ARN holder) as well as to new distributor (ARN holder).
13. The brokerage rates and terms & conditions mentioned above are subject to change from time to time.
14. The brokerage structure is subject to the terms and conditions mentioned in the Distributor’s agreement signed between BOI AXA Investment Managers and you.
15. BOI AXA Investment Managers reserves the right to change the brokerage structure without any prior intimation.
16. Please read the latest Scheme Information Document / Statement of Additional Information carefully to confirm scheme details.
17. Identification or tagging of a transaction as B15 transaction solely rests with BAIM, including any guidelines issued by SEBI/AMFI and claims to change the tagging will not be entertained. (Top 15 C = Top 15 Cities as
per AMFI Classification; B 15 C= Beyond 15 Cities, outside of the top 15 cities as per AMFI Guidelines.
18. If the investment is redeemed within one (1) year from the date of subscription, BAIM reserves the right to claw back the commission paid for that subscription
19. The above brokerage rates are applicable for the Regular Plan only. There will be no brokerage payable for DIRECT PLAN
Guidelines on implementation of Employee Unique Identification Number (EUIN)
EUIN is being allotted and maintained by AMFI unit of Karvy and necessary communication has been sent by AMFI to all distributors.
1. Remediation process has been reduced to 30 days from the date of transaction for transactions submitted post October 1st 2013 upto June 30th 2014
2. EUIN is applicable to all Sales Persons of Corporate Distributors (Non-Individual ARN Holders only)
3. Individual or Sole proprietorship ARN holders are required to intimate AMFI unit of Karvy in case they employ any Sales Person for selling mutual fund products so that EUIN can be allotted to them.
4. EUIN is unique number allotted to each Sales Person holding a valid NISM certificate and associated with an ARN holder.
5. Distributors need to inform AMFI unit of Karvy in case of changes in the Sales Persons from time to time.
6. Provision is made in the application/transaction forms for affixing EUIN and the same is uploaded on the BOI AXA MF website.
7. EUIN capturing is implemented effective January 7th 2013.
8. All distributors are requested to use new application/transaction forms. 9. EUIN is required to be mentioned in respect of Purchases, Switches, SIP/STP registrations.
9. EUIN is required to be mentioned in respect of Purchases, Switches, SIP/STP registrations.
10. Mentioning EUIN on each transaction/application and withholding commission for non-compliance of EUIN has been strictly implemented w.e.f October 1, 2013.The commission would continue to be withheld for
distributors who are yet to submit their list of Sales Persons to AMFI unit of Karvy for registration and obtaining EUIN
Date: 01-Oct-14
Dear Partner,
It gives us immense pleasure to share with you the preferred remuneration structure for the quarter October 2014 to December 2014. We look forward to your
support and continued patronage of our funds.
Load and Brokerage Structure For October 2014 to December 2014
Scheme
Edelweiss Liquid Fund
Edelweiss Short Term Income Fund
Edelweiss Gilt Fund
Edelweiss Debt and Corporate Opportunities Fund
Edelweiss ELSS Fund
Plan
Trail Brokerage
1st Year from date of allotment
2nd Year onwards
Exit Load
Brokerage
NIL
-
Upto 2 months: 0.50% ,and thereafter: Nil
0.40%
N.A.
NIL
-
N.A.
Upto 180 Days : 2%, 181 days till 365 Days : 1.00%
and thereafter :NIL
1.50%
-
0.50%
NIL
3.50%
-
0.50% 4th year
onwards
N.A.
N.A.
N.A.
0.60%
0.60%
0.25% (5th month onwards)
0.50%
0.40%
0.25%
E.D.G.E.Top 100 Fund
N.A.
Upto 545 Days : 1%,and thereafter :NIL
2.50%
-
0.50% (546 day
onwards)
Edelweiss Value Opportunities Fund
N.A.
NIL
-
0.25%
0.25%
Upto 365 Days : 1.00% and thereafter :NIL
0.75%
0.50%
0.50%
Upto 545 Days : 1.00% and thereafter :NIL
2.50%
-
0.50% (546 day
onwards)
Upto 91 Days : 0.50% and thereafter :NIL
0.15%
0.60% (4th months onwards)
0.50%
Edelweiss Absolute Return Fund
Edelweiss Select Midcap Fund
Edelweiss Arbitrage Fund
N.A.
N.A.
N.A.
Looking forward to a long term mutually beneficial relationship with you.
Thanking you.
Yours truly,
George Jose
Sr. Manager - Investor and Distributor Services
Terms & Conditions:
1. a. Trail commission will be paid monthly.
b. Brokerage for ELSS Fund, EDGE Fund, Absolute Return Equity Fund, Select Midcap Fund, Arbitrage Fund, Debt and Corporate Opportunities Fund& Short Term Income Fund is a one time payment.
c. For E.D.G.E.Top 100 Fund, Select Midcap Fund, Arbitrage Fund & Absolute Return Fund brokerage is subject to clawback, please read the below conditions i & ii.
i. Claw back of brokerage will be on pro-rata basis i.e. based on the no. of days the investor has stayed invested. For eg. If the brokerage paid is Rs.1125/- and if the investor stays invested in our schemes for 335
days for which the exit load is 545 days and redeems or switches out after 336th day, then the claw back amount of brokerage is Rs. 435 ((1125 * (545-335))/545).
ii. In case of switches within equity schemes the brokerage would be clawed back from the source scheme and brokerage for the target scheme will be paid
2. Edelweiss Asset Management Limited reserves the right to change the brokerage structure without any prior intimation.
3. Please read the SAI,SID & Addendum of respective schemes carefully to confirm scheme details.
4. The brokerage / commission / remuneration/incentive structure is subject to the terms and conditions mentioned in the Distributor’s Agreement and / or the Empanelment Form, as may be amended from time to
time including any regulatory modifications thereof.
5. In accordance with the SEBI Circular dated June 30,2009, the upfront brokerge/commission, if any would be paid by the investor directly to the distributor, based on his assessment of various factors including the
services rendered by the distributor.
6. Distributor will disclose to the Investor that no entry load will be charged for purchase /additional purchase/switch-in transactions, registration under Systematic Investment Plans/Systematic Transfer Plans of
Edelweiss Mutual Fund.
7. Distributor shall disclose to the Investor(s) all the brokerage / commission / remuneration / incentive (in the form of trail commission or any other mode) for the different competing Schemes from amongst which
the Scheme of Edelweiss Mutual Fund is recommended to the Investor(s).
8. Decision of AMC pertaining to brokerage calculation and other matters pertaining thereto shall be final & binding.
9.On change of distributor (ARN Code) and on transfer of AUM from one distributor (ARN Code) to another distributor (ARN Code), the trail commission in respect of transferred assets will not be paid to old
distributor (ARN holder) as well as to new distributor (ARN holder).
NOTE: As per the Know Your Distributor (KYD) norms introduced by AMFI, brokerage / commission will be paid only to such distributors who are KYD compliant.
Payment of brokerage /commission will be withheld if any distributor does not comply with the KYD requirement and the same will be released only after the distributor complies with
the KYD requirement.
Please visit our website www.edelweissmf.com or AMFI’s website www.amfiindia.com for further details.
Brokerage Structure - October - December 2014
Brokerage Structure - National Category
Tax Dhamaka
Annexure A - SIP/STP/Flex STP/Swing STP - Conditions
Annexure B - Additional Incentive - SIP/STP/Flex STP/Swing STP
SIP Incentive - HDFC Cash Management Fund - Treasury Advantage Fund
Additional Incentive - SIP Top up & SIP registrations on Stock Exchange
Application Incentive - HDFC Liquid Fund, HDFC Cash Management Fund - Savings & Call & HDFC Cash Management Fund Treasury Advantage Fund
Back to Summary
Statement of Commissions Payable to Distributors
Name of AMC:
HDFC Asset Management Company Limited
Name of Mutual Fund:
HDFC Mutual Fund
B - 15 Cities:
Other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur
and Chandigarh
Validity Period:
October - December '14
Additional Payout for
Across all cities (T-15 & B-15)
B-15
%
%
%
%
%
Trail % -APM
Upfront %
Scheme Name
Category
Exit Load Period
Clawback
Period
A
B
C
D
E=(A+B+C+D)
F
Special
Incentive ^@
Upfront
Commission
Trail paid in
Advance
st
1 Year
T-15 Cities
Trail paid in
advance
@$
@$
0.25
-
0.50
0.75
1.50
1.50
G =(B+C+D+F)
2nd Year
Onwards
Remarks
2.75
0.50
-
B-15 Cities
Additional Payout – B15 Cities
Total 1st Year
Total 1st Year
#
EQUITY ORIENTED SCHEMES
HDFC Equity Fund
Equity
12 Months
12 Months
HDFC Top 200 Fund, HDFC Premier Multi Cap
Fund, HDFC Growth Fund, HDFC Large Cap Fund
(erstwhile Morgan Stanley Growth Fund)
Equity
12 Months
12 Months
-
0.50
0.75
1.25
1.50
2.75
0.50
-
HDFC Mid Cap Opportunities Fund
Equity
12 Months
12 Months
-
0.50
0.75
1.25
0.50
1.75
0.50
-
HDFC Infrastructure Fund
Equity
12 Months
12 Months
0.25
-
0.50
0.75
1.50
1.00
2.25
0.50
-
HDFC Capital Builder Fund, HDFC Core & Satellite
Fund & HDFC Small & Midcap Fund (erstwhile
Morgan Stanley ACE Fund)
Equity
18 Months
18 Months
0.50
-
1.50
-
2.00
1.50
3.00
0.50
-
HDFC Prudence Fund
Balanced
3.00
(19 Month
onwards)
0.50
-
18 Months
18 Months
0.25
1.50
-
1.75
1.50
(19 Month
onwards)
HDFC Balanced Fund
Balanced
18 Months
18 Months
0.50
-
1.50
-
2.00
1.00
2.50
HDFC Childrens Gift Fund – Investment Plan (Equity) Balanced
3 Years
3 Years
HDFC Childrens Gift Fund – Investment Plan (Equity) Balanced
– Lock In
Lock In
N.A
HDFC Childrens Gift Fund – Savings Plan (Equity)
Balanced
3 Years
3 Years
HDFC Childrens Gift Fund – Savings Plan (Equity)
–Lock In
Balanced
Lock In
N.A
0.50
(19 Month
onwards)
-
2.25
-
2.25
1.50
3.75
Refer Note 1
0.25
2.25
-
2.50
1.50
4.00
Refer Note 1
-
2.25
-
2.25
1.50
3.75
Refer Note 1
0.25
2.25
-
2.50
1.50
4.00
Refer Note 1
-
HDFC Long Term Advantage Fund/ HDFC Tax Saver ELSS
Fund
3 Years (Lock In)
N.A
3.75
-
-
3.75
1.50
5.25
-
Trail –
0.40% year 4
onwards &
Refer Tax
Dhamaka
HDFC Index Fund – Nifty Plan
Index
3 Months
N.A
-
-
0.15
0.15
-
0.15
0.15
-
HDFC Index Fund – Sensex Plan
Index
1 Month
N.A
-
-
0.15
0.15
-
0.15
0.15
-
HDFC Index Fund – Sensex Plus Plan
Index
1 Month
N.A
-
-
0.75
0.75
-
0.75
0.20
-
HDFC Arbitrage Fund
Arbitrage
3 Months
N.A
-
-
0.20
0.20
-
0.20
0.20
-
-
DEBT SCHEMES
-
-
1.00
1.00
0.75
1.75
1.00 for
Yr 0.50% Trail
2&3
for Yr 4
onwards
-
1.50
-
1.75
1.50
3.00
0.50
12 Months
-
1.00
-
1.00
-
1.00
15 Months
15 Months
-
1.00
-
1.00
-
1.00
Income
6 Months
6 Months
-
0.50
0.50
1.00
0.50
1.50
Income
3 Months
N.A
-
-
0.75
0.75
-
0.75
0.40
HDFC Short Term Fund
Short Term
12 Months
12 Months
-
0.60
-
0.60
-
0.60
0.40
-
HDFC High Interest Fund – STP
Short Term
1Month
N.A
-
-
0.30
0.30
-
0.30
0.20
-
HDFC Short Term Opportunities Fund
Short Term
3Months
N.A
-
-
0.10
0.10
-
0.10
0.10
-
HDFC Medium Term Opportunities Fund
Short Term
12 Months
N.A
-
-
0.05
0.05
-
0.05
0.05
-
HDFC Floating Rate Income Fund – Long Term Plan
Short Term
3 Months
N.A
-
-
0.05
0.05
-
0.05
0.05
-
HDFC Corporate Debt Opportunities Fund
Short Term
36 Months
36 Months
-
2.25
-
2.25
0.50
2.75
0.75
(37th
Month
onwards)
HDFC Gilt Fund – Short Term Plan
Gilt
Nil
N.A
-
-
0.40
0.40
-
0.40
0.25
-
HDFC Gilt Fund – Long Term Plan
Gilt
Nil
N.A
-
-
0.50
0.50
-
0.50
0.30
-
HDFC Inflation Indexed Bond Fund
Gilt
Nil
N.A
-
-
0.50
0.50
-
0.50
0.30
-
HDFC Monthly Income Plan – Short Term Plan
Hybrid – Debt
Oriented
36 Months
36 Months
HDFC Monthly Income Fund – Long Term Plan
Hybrid – Debt
Oriented
18 Months
18 Months
HDFC Multiple Yield Fund
Hybrid – Debt
Oriented
12 Months
HDFC Multiple Yield Fund – Plan 2005
Hybrid – Debt
Oriented
HDFC Income Fund
HDFC High Interest Fund – Dynamic Plan
0.25
(19
Month
onwards)
0.75 for
Yr
Trail –
2&3
0.50% year 4
onwards
0.75 for
Yr
Trail –
2&3
0.50% year 4
onwards
0.40
-
-
(erstwhile Morgan Stanley Gilt Fund)
HDFC Liquid Fund
Liquid
Nil
N.A
-
-
0.05
0.05
-
0.05
0.05
-
HDFC Cash Management Fund – Savings Plan
Liquid
Nil
N.A
-
-
0.05
0.05
-
0.05
0.05
-
HDFC Cash Management Fund – Call Plan
Liquid
Nil
N.A
-
-
0.05
0.05
-
0.05
0.05
-
HDFC Floating Rate Income Fund – Short Term Plan
Ultra Short Term
Nil
N.A
-
-
0.05
0.05
-
0.05
0.05
-
HDFC Cash Management Fund – Treasury Advantage Ultra Short Term
Plan
Nil
N.A
-
-
0.75
0.75
-
0.75
0.30
-
HDFC PSU & Banking Debt Fund
Ultra Short Term
1 Month
N.A
-
-
0.05
0.05
-
0.05
0.05
-
HDFC Dynamic PE Ratio Fund of Funds
Multi Asset FOF
12 Months
12 Months
-
0.50
0.75
1.25
1.00
2.25
0.50
-
Gold FOF
12 Months
12 Months
-
0.75
-
0.75
-
0.75
0.40
-
(erstwhile Morgan Stanley Multi Asset Plan A)
HDFC Gold Fund
Refer KIM for minimum application amount
In case of change in Broker/Distributor Code, Advance Trail/Upfront paid shall be recovered/clawed back/set off proportionately from the future brokerage payments
^ Special Incentive will be paid on mobilising lump sum in T15 locations during the aforesaid period in the eligible schemes. Special Incentive will be paid in the succeeding month.
The aforesaid payout is in addition to existing upfront/trail payable in advance/trail/other incentive as applicable. The incentive is not applicable on switches from Equity/Balanced/MIPLTP schemes (except HDFC Index/Arbitrage Fund). Any transfer to aforesaid Schemes arising out of HDFC Flexindex/DTP shall be considered for computation of target
T-15 means Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Vadodara, Panjim, Jaipur, Lucknow, Surat,
Kanpur and Chandigarh
@ In case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e. for the remaining period of exit load period) of upfront/trail payable in
advance (including additional upfront/trail payable in advance, if any) paid shall be recovered/clawed back/set off from the future brokerage payments, at AMC’s sole
discretion. (Except HDFC Childrens Gift Fund – clawback applicable if investment redeemed within 36 months)
# In case the investment is redeemed within 12 months, as applicable, the upfront (including additional upfront incentive, if any) paid shall be recovered/clawed back/set off fully
from the future brokerage payments, at AMC’s sole discretion.
$ In respect of all purchases (including switch ins) w.e.f 1st January 2013 from Regular Plan (Distributor Plan) to Direct Plan in any scheme, all upfront commissions/trail payable in advance
(including additional upfront/trail payable in advance/incentive if any) paid shall be recovered/clawed back/set off fully/proportionately from future brokerage payments.
For brokerage on SIP/STP refer annexure “A” & “B”
APM – Annualised Payable Monthly. Subject to revision on prospective basis.
Note 1:
If Age of Asset
More than 10 years
Above 5 years upto 10 years
Above 3 years upto 5 years
Above 1 year upto 3 years
Trail Fee Year 2 onwards
1.00%
0.75%
0.60%
0.50%
1. HDFC Asset Management Company Limited (“AMC”) reserves the right to change brokerage/incentive without any prior intimation or notification
2. The classification of cities for T-15 as mentioned above is advised by AMFI and is subject to revision, if any.
3. The AMC shall not be responsible for any losses incurred by anyone due to change in the brokerage/incentive structure.
4. You are advised to abide by the code of conduct and/or rules/regulations laid down by SEBI and AMFI.
5. Please refrain from offering brokerage to your sub-brokers, if any, at a rate higher than the brokerage as aforementioned.
The AMC reserves the right to suspend the brokerage payable to you, if brought to our notice that higher brokerage is offered to sub-brokers or you have violated the code of conduct and/or
rules/regulations laid down by SEBI and AMFI.
In accordance with the clause 4(d) of SEBI Circular No. SEBI/MD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of
trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the
investor. Distributors are advised to ensure compliance of the same.
Back to Summary
HDFC Mutual Fund ka TaxSavings Dhamaka!
(October –December '14)
The following target based incentive will be paid on mobilizing fresh application and switches from debt-based schemes or
HDFC Gold Fund or HDFC Arbitrage Fund or HDFC Index Funds to HDFC Long Term Advantage Fund and HDFC
TaxSaver during the aforesaid period as per the table listed below:
Amount mobilized (Rs. in lacs)
Slab
Additional
PAN India
B-15
Incentive $
I
0.05%
>= 1 < 5
>= 0.5 < 2.5
II
0.15%
>= 5 < 10
>= 2.5 < 5
III
0.25%
>= 10
>= 5
PAN India - Collection from T-15 and/or B-15 cities
The total amount mobilised under aforesaid schemes during the period under consideration shall be eligible for computation
of target-based incentive, if any, during October – December ‘14.
$ Upfront brokerage as applicable to HDFC Long Term
Advantage Fund and HDFC TaxSaver will be paid in the
succeeding month and additional incentive will be paid at the
end of the offer period.
Notes:
1. The citywise incentive payable is applicable only to all
distributors empanelled with HDFC AMC Ltd.
2. For IFA/ Regional Distributors, the city in which application is
submitted shall be transaction city for the computation of targets/
brokerage
3. HDFC Asset Management Company Limited (“AMC”)
reserves the right to change the brokerage/ incentive without any
prior intimation or notification.
4. The AMC shall not be responsible for any losses incurred by
anyone due to change in the brokerage/incentive structure.
5. The AMC at its sole discretion is entitled to change the cities
falling within various categories.
6. You are advised to abide by the code of conduct and/ or rules/
regulations laid down by SEBI and AMFI.
7. Please refrain from offering brokerage to your sub-brokers, if
any, at a rate higher than the brokerage as aforementioned.
The AMC reserves the right to suspend the brokerage payable to
you, if it brought to our notice that higher brokerage is offered to
sub-brokers or have violated the code of conduct and/ or rules/
regulations laid down by SEBI and AMFI.
Terms & Conditions:
1. Existing/ New SIP and/ or STP/ Flex STP/ Swing STP into any
aforesaid scheme shall not be considered for computation of target
collection nor shall be entitled to aforesaid additional upfront
2. Any transfer to aforesaid Schemes arising out of HDFC
FlexIndex Plan shall be considered for computation of target.
3. In case the cheques are not realized, the respective incentive will
be deducted from future brokerage payments.
4. In accordance with the clause 4(d) of SEBI Circular No.
SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the
distributors should disclose all the commissions (in the form of
trail commission or any other mode) payable to them for the
different competing schemes of various mutual funds from
amongst which the scheme is being recommended to the
investor. Please ensure compliance.
Back to Summary
HDFC Mutual Fund
Brokerage Structure for SIP / STP/ Flex STP/ Swing STP
(October – December ‘14)
The brokerage structure for SIPs and STPs (including Flex STP/ Swing STP):
6 Monthly or 2 Quarterly (SIP/STP/ Flex STP/ Swing STP)
or
6 Daily/Weekly (Only STP/ Flex STP/ Swing STP)
Minimum number of installments
Maximum number of installments
No upper limit $
Upfront/Trail paid in Advance/Trail Fee on each SIP/ STP/
Flex STP/ Swing STP installment shall be payable as per the
prevailing rate applicable to normal purchases on the date of
Brokerage: Throughout the period of SIP/ STP/ Flex STP/ Swing STP each SIP/STP/ Flex STP/ Swing STP installments
$ except for CGF where SIP will automatically stand terminated upon
the Child attaining 18 years of age
HDFC Asset Management Company Limited (“AMC”) reserves the
right to change the brokerage/ incentive without any prior intimation
or notification.
Back to Summary
HDFC Mutual Fund
Additional Incentive Structure for SIP/ STP/ Flex STP/ Swing STP for
October – December ‘14
Additional incentive in the eligible schemes as mentioned below:
List of Eligible Schemes
HDFC Growth Fund
HDFC Long Term Advantage Fund
HDFC Equity Fund
HDFC TaxSaver
HDFC Top 200 Fund
HDFC Children’s Gift Fund
HDFC Capital Builder Fund
HDFC MF Monthly Income Plan
HDFC Core & Satellite Fund
HDFC Income Fund
HDFC Premier Multi-Cap Fund
HDFC High Interest Fund – Dynamic Plan
HDFC Infrastructure Fund
HDFC Gilt Fund – Long Term Plan (LTP)
HDFC Large Cap Fund (erstwhile Morgan Stanley Growth Fund)
HDFC Mid-Cap Opportunities Fund
HDFC Multiple Yield Fund (MYF) & MYF 05
HDFC Small & Mid Cap Fund (erstwhile Morgan Stanley ACE Fund) HDFC Corporate Bond Opportunities Fund
HDFC Gold Fund
HDFC Inflation Indexed Bond Fund (erstwhile Morgan
Stanley Gilt Fund)
HDFC Short Term Plan
HDFC Dynamic PE Ratio Fund of Funds (erstwhile
Morgan Stanley Multi Asset - Plan A)
HDFC Balanced Fund
HDFC Prudence Fund
1. Additional Incentive (For SIP):
a. Less than 1 year: Nil
b. For >= 1 year but <= 5 years
For every SIP installment (Rs.)
> = Rs. 1,000 & < Rs. 2,000
> = Rs. 2,000 & < Rs. 3,000
> = Rs. 3,000
@ Not applicable to HDFC Gold Fund (additional incentive applicable
only on SIP of >= 3 yrs)
$ In respect of HDFC Gilt Fund – LTP/HDFC Inflation Indexed Bond
Fund, the aforesaid incentive table is not applicable. However, flat
additional incentive per SIP application @ 0.10% is payable where SIP
installment is Rs 1,000 or more for >= 1 year but <= 5 years
c. More than 5 years:
i. For
the initial 5 years: As above
the balance tenure: 0.10% provided that
the amount per SIP installment is equal to or more than Rs. 2,000
(Rupees Two Thousand)
d. For the sake of clarity 1 year = 4 quarters = 12 months
ii. For
2. Additional Incentive (For STP/ Flex STP/ Swing STP):
0.30% ^ on each installment for a minimum of 12 installments (24 where
installment amount is less than Rs 1000/-) and a maximum of 60
installments. STP/ Flex STP/ Swing STP between equity-oriented
schemes shall not qualify for aforesaid additional incentive.
^ Additional 0.20% for HDFC Equity Fund, HDFC Top 200 Fund,
HDFC Growth Fund, HDFC Capital Builder Fund, HDFC Core &
Satellite Fund, HDFC Premier Multi-Cap Fund, HDFC Prudence Fund,
HDFC Balanced Fund, HDFC Children’s Gift Fund, HDFC Mid-Cap
Opportunities Fund, HDFC Infrastructure Fund, HDFC Large Cap
Fund, HDFC Small & Mid Cap Fund, HDFC Monthly Income Plan LTP & STP for a minimum of 36 installments of Rs 3000/- or more and a
maximum of 60 installments
In respect of HDFC Gold Fund, 0.30% on each installment for a
minimum of 36 installments & maximum of 60 installments of Rs 1000/or more.
In respect of HDFC Gilt Fund – LTP/HDFC Inflation Indexed Bond
Fund, the aforesaid incentive is not applicable. However, flat additional
incentive per STP/ Flex STP/ Swing STP application @ 0.10% is payable
where STP/ Flex STP/ Swing STP installment is Rs 1,000 or more for a
minimum of 12 installments (24 where installment amount is less than
Rs 1000/-) and a maximum of 60 installments.
3. Trail Commission will continue to be the same as per the ongoing
structure
General Conditions applicable to SIP/ STP/ Flex STP/ Swing STP:
1. In case the SIP/ STP/ Flex STP/ Swing STP cheques / installments
are not realized or if SIP/ STP/ Flex STP is discontinued, the respective
incentive will be deducted proportionately from future brokerage
payments.
2. In case the investment is redeemed within the exit load
period, the proportionate (i.e. for the remaining period of
exit load period) of additional incentive shall be
recovered/clawed back/ set off from future payments, at
AMC’s sole discretion.
3. The additional incentive on SIP/ STP/ Flex STP/ Swing STP shall be
paid on a monthly basis on receipt of registration details.
4. In accordance with the clause 4(d) of SEBI Circular No.
SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors
should disclose all the commissions (in the form of trail commission
or any other mode) payable to them for the different competing
schemes of various mutual funds from amongst which the scheme is
being recommended to the investor. Please ensure compliance.
Additional Incentive per SIP application $
>= 1 year & < 3 years @
>= 3 years & = 5 years
< 5 years
Rs. 50
Rs. 125
Rs. 250
Rs. 100
Rs. 250
Rs. 500
0.30%
0.50%
Back to Summary
SIP Incentive in HDFC Cash Management Fund – Treasury Advantage Plan
The following marketing incentive will be applicable for fresh SIP in the captioned scheme during the quarter
October - December '14 as under:
Application amount per installment (Rs)
>= 2000
36 - 59 months
100
Notes:
1
In case the SIP installments are not
realized or if SIP is discontinued, the
respective incentive will be deducted
proportionately from future brokerage
payments.
2
The transaction charges on SIP shall be
paid on a monthly basis on receipt of
registration details.
3
In accordance with the clause 4(d) of
SEBI Circular No. SEBI/IMD/CIR No.
4/168230/09 dated June 30, 2009, the
distributors should disclose all the
commissions (in the form of trail
commission or any other mode)
payable to them for the different
competing schemes of various mutual
funds from amongst which the scheme
is being recommended to the investor.
Please ensure compliance.
>= 60
months
150
Back to Summary
HDFC Mutual Fund
Special Incentive Scheme
October - December ‘14
1. SIP Top UP: Rs 100 per valid application
2. SIP/ STP/ Flex STP registered on www.hdfcfund.com or platform of
Stock Exchanges/ Distributors: Rs 100 per valid application of Rs 1000 or
more for minimum of 12 installments
Notes:
1. The special incentive shall be paid on a monthly basis subject to
receipt of registration details
2. In accordance with the clause 4(d) of SEBI Circular No.
SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the
distributors should disclose all the commissions (in the form of
trail commission or any other mode) payable to them for the
different competing schemes of various mutual funds from
amongst which the scheme is being recommended to the investor.
Please ensure compliance.
Back to Summary
October 1, 2014 to December 31, 2014
Application based incentive in select debt schemes
The following one-time marketing incentive will be paid on mobilizing fresh purchase
(excluding switches) application from a unique investor at first applicant PAN level during
the aforesaid period as per the table listed below:
Schemes
Application Incentive per
Amount
application
(Rs.)
(Rs.) $
• HDFC Liquid Fund
• HDFC Cash Management Fund
o Savings Plan
o Call Plan
o Treasury Advantage Plan
$ Additional marketing incentive will be paid in the succeeding
month.
Notes:
1. The additional marketing incentive payable is applicable only to
all distributors empanelled with HDFC AMC Ltd.
2. HDFC Asset Management Company Limited (“AMC”) reserves
the right to change the brokerage/ incentive without any prior
intimation or notification.
3. The AMC shall not be responsible for any losses incurred by
anyone due to change in the brokerage/incentive structure.
4. You are advised to abide by the code of conduct and/ or rules/
regulations laid down by SEBI and AMFI.
5. Please refrain from offering brokerage to your sub-brokers, if
any, at a rate higher than the brokerage as aforementioned.
The AMC reserves the right to suspend the brokerage payable to
you, if it is brought to our notice that higher brokerage is offered to
sub-brokers or have violated the code of conduct and/ or rules/
regulations laid down by SEBI and AMFI.
Terms & Conditions:
1. In case the cheques are not realized, the respective incentive will
be deducted from future brokerage payments.
2. In accordance with the clause 4(d) of SEBI Circular No.
SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the
distributors should disclose all the commissions (in the form of
trail commission or any other mode) payable to them for the
different competing schemes of various mutual funds from
amongst which the scheme is being recommended to the investor.
Please ensure compliance.
>= 25,000
100
Load & Brokerage Structure for Schemes of HSBC Mutual Fund (Applicable from 01 October 2014 to 31 December 2014)
Annualized Trail Brokerage
Details
Equity Funds
Monthly Income
Plan
Scheme name
Exit load
Sales charge**
HSBC Equity Fund (HEF)
HSBC India Opportunities Fund (HIOF)
HSBC Midcap Equity Fund (HMEF)
HSBC Progressive Themes Fund (HAIF)
HSBC Dynamic Fund (HDF)
HSBC Dividend Yield Equity Fund (HUOF)
HSBC Emerging Markets Fund (HEMF)
HSBC Brazil Fund (HBF)
HSBC Asia Pacific Dividend Yield Fund (HAPDF)
HSBC Managed Solutions - Growth
HSBC Managed Solutions - Moderate
HSBC Managed Solutions - Conservative
HSBC Tax Saver Equity Fund (HTSEF)
HSBC Monthly Income Plan (Regular) (HMIPR)
HSBC Monthly Income Plan (Savings) (HMIPS)
Year 1**
Year 2
Year 3
NIL
1.65%
1.80%
2.00%
1.95%
1.95%
1.75%
1.35%
1.35%
1.05%
1.55%
1.45%
1.00%
1.85%
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
0.75%
0.75%
0.75%
0.75%
0.75%
0.60%
0.50%
0.50%
0.50%
0.50%
0.50%
0.20%
0.75%
0.75%
0.75%
0.75%
0.75%
0.75%
0.60%
0.50%
0.50%
0.50%
0.50%
0.50%
0.20%
0.75%
Year 4
Onwards
0.75%
0.75%
0.75%
0.75%
0.75%
0.75%
0.50%
0.50%
0.50%
0.50%
0.50%
0.20%
0.75%
NIL
NIL
1.55%
1.50%
Nil
Nil
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
HSBC Income Fund - Short Term Plan (HIF-STP)
0.55%
NIL
Nil
0.55%
0.55%
0.55%
HSBC Flexi Debt Fund (HFDF)
1.00%
0.40%
0.40%
0.40%
NIL
Nil
1.00%
0.70%
0.70%
0.70%
HSBC Income Fund - Investment Plan (HIF-IP)
NIL
Nil
Debt & Liquid
HSBC Floating Rate Fund - Long Term Plan (HFRF-LTP)
NIL
Nil
0.30%
0.30%
0.30%
0.30%
Funds
Nil
0.40%
0.40%
0.40%
0.40%
HSBC Ultra Short Term Bond Fund (HUSTBF)
NIL
HSBC Cash Fund (HCF)
NIL
Nil
0.05%
0.05%
0.05%
0.05%
0.50%
HSBC Gilt Fund (HGF)
NIL
Nil
0.35%
0.35%
0.35%
1. All annualized brokerage/sales charge indicated above is on a gross basis and is inclusive of statutory levies. The same will be paid on a monthly basis.
2. The Sales Charge / Upfront Brokerage indicated will be recovered (clawed back) on a Proportionate basis * depending upon the number of days for which the
investment has stayed invested in the fund. Number of days will be calculated from the date of investment to the date of redemption /switch out to any other
scheme or Direct Plan before the completion of one year from the date of investment.
*Proportionate Basis = (Number of days in the year less Number of days for which the investment was held) / Number of days in the year
3. Such clawback is required to be settled between the distributor and the AMC within 30 days of the date of redemption or upon demand by the AMC, whichever
is earlier
4. In respect of all purchases (including switch-ins) w.e.f 1 January 2013 & subsequently switched from Regular/Normal Plan (Distributor Plan) to Direct Plan in
any scheme, all upfront commissions (including additional upfront/incentive if any paid) shall be recovered/clawed back/set-off fully or proportionately, as
applicable from future brokerage payments.
5. Transaction charges will be applied on the investment amount, if you have Opted-in.
6. No sales charge is payable for switch transactions between one equity scheme to another
**Kindly note where the value of transactions (purchase / switch in transactions ) is equal to or greater than 5 crore , the Sales charge and Y1 Trail mentioned
above for the respective schemes shall be clubbed and paid as Y1 Trail and Sales Charge will be Nil. Please feel free to contact your Relationship Manager for
any further details required in this regard.
HSBC Asset Management (India) Private Limited reserves the right to change the above structure as may deem necessary. Any changes
to the above rates shall be centrally communicated to you through an email from our Distributor Helpdesk Team
( [email protected] )
INTERNAL

ICICI Prudential Mutual Fund - Load and Trail Paid in Advance Structure - Applicable from October 1, 2014 to 31st December'2014
Across all cities T 15
Category
Equity & ELSS
Fund Name
Trail 2nd yr onwards
Additional payout for B 15
cities
Additional Trail Paid in
Advance
4.25%
0.00%
0.00%
4.25%
Nil
0.00%
1.25%
0.00%
0.50%
0.75%
0.50%
0.50%
0.75%
ICICI Prudential Target Return Fund
<= 18 months - 1%, >18 months - Nil
2.25%
0.00%
0.50%(19th month
onwards)
1.50%
0.00%
0.50%(19th month
onwards)
1.50%
ICICI Prudential Top 200
ICICI Prudential Mid Cap Fund
ICICI Prudential Dividend Yield Equity Fund
<=1 Year - 1%, >1 Year - Nil
<= 18 months - 1%, >18 months - Nil
<= 18 months - 1%, >18 months - Nil
1.00%
1.50%
1.25%
0.00%
0.00%
0.50%
0.50%
0.50%
0.50%
1.00%
0.75%
1.25%
0.00%
0.50%
0.50%
0.50%
0.50%
0.50%
0.00%
0.75%
1.50%
ICICI Prudential Focused Bluechip Equity Fund
<=1 Year - 1%, >1 Year - Nil
1.50%
0.00%
0.50%
0.75%
0.50%
0.50%
1.75%
ICICI Prudential Infrastructure
<=1 Year - 1%, >1 Year - Nil
2.00%
0.00%
0.50%
1.50%
0.00%
0.50%
1.00%
ICICI Prudential Balanced
<=1 Year - 1%, >1 Year - Nil
1.50%
0.00%
0.50%
0.75%
0.50%
0.50%
1.50%
ICICI Prudential Dynamic
<=1 Year - 1%, >1 Year - Nil
1.50%
0.00%
0.50%
0.75%
0.50%
0.50%
1.75%
ICICI Prudential Discovery fund
<=1 Year - 1%, >1 Year - Nil
1.50%
0.00%
0.50%
0.75%
0.50%
0.50%
1.75%
ICICI Prudential US Bluechip Fund
<= 3 months - 3%, >3 months and <= 12
months - 1%, >12 months - Nil
1.50%
0.00%
0.50%
0.75%
0.50%
0.50%
1.75%
ICICI Prudential Balanced Advantage Fund
<= 18 months - 1%, >18 months - Nil
2.00%
0.00%
0.50%(19th month
onwards)
0.75%
0.50%
0.50%
1.75%
ICICI Prudential Top 100
<= 18 months - 1%, >18 months - Nil
2.25%
0.00%
0.50%
0.75%
0.50%
0.50%
1.75%
ICICI Prudential Technology
ICICI Prudential Banking & Financial Services
ICICI Prudential FMCG
<=1 Year - 1%, >1 Year - Nil
<=1 Year - 1%, >1 Year - Nil
<=1 Year - 1%, >1 Year - Nil
<=3 months - 3%, >3 months &<=18
months - 1%, >18 months - Nil
1.25%
1.80%
1.25%
0.00%
0.00%
0.00%
0.50%
0.50%
0.50%
0.75%
1.80%
0.75%
0.50%
0.00%
0.50%
0.50%
0.50%
0.50%
0
1.75%
0.00%
0.50%
0.75%
0.50%
0.50%
1.75%
ICICI Prudential Index Fund-Retail
<=7 days - 0.25%, >7 days - Nil
0.00%
0.40%
0.40%
0.00%
0.40%
ICICI Prudential Indo Asia Retail
<=1 Year - 1%, >1 Year - Nil
0.00%
0.50%
0.50%
0.00%
0.50%
0.50%
0.40%
ICICI Prudential Exports & Other Service Industries Fund
<=2 Year - 2.5%, >2 Year - Nil
1.25%
0.00%
0.75% (3rd yr onwards)
1.25%
0.00%
0.75% (3rd yr
onwards)
ICICI Prudential Nifty Junior Index Fund
<=7 days - 0.25%, >7 Year - Nil
0.00%
0.40%
0.40%
0.00%
0.40%
0.40%
Fund Name
Exit Load for lumpsum purchase
TPA
Trail 1st Yr
TPA
Trail 1st Yr
0.00%
0.50%
0.50%
0.00%
0.50%
0.50%
0.00%
0.50%
0.50%
0.00%
0.50%
0.50%
0.00%
0.00%
0.50%
0.00%
0.00%
0.50%
1.25%
0.00%
0.50%
1.25%
0.00%
0.50%
0.00%
0.30%
0.30%
0.00%
0.30%
0.30%
Exit Load for lumpsum purchase
TPA
Trail 1st Yr
TPA
Trail 1st Yr
<=1 year - 1.00%, >1 year - Nil
1.25%
0.00%
0.50%
1.25%
0.00%
0.50%
ICICI Prudential MIP 25
<=3 years - 1%, >3 years - Nil
3.25%
0.00%
0.50%(4th yr onwards)
3.25%
0.00%
0.50%(4th yr
onwards)
ICICI Prudential Child Care Plan - Study
<=1 yrs - 3%, >1 yrs &<= 2 yrs - 2%, >2yrs
& <=3yrs - 1%, >3yrs -Nil
0.40%
0.30%
0.30%
0.40%
0.30%
0.30%
Exit Load for lumpsum purchase
TPA
Trail 1st Yr
TPA
Trail 1st Yr
Upto 1year - 1.00%, > 1year - Nil
1.30%
0.00%
0.50%
1.30%
0.00%
0.50%
0.50%(16th month
onwards)
Advisor Series - Long Term Savings Plan
Advisor Series - Very Cautious Plan
Category
Fund Name
ICICI Prudential Monthly Income Plan
Category
Fund Name
ICICI Prudential Income Plan
<=3 Year - 1%, >3 Year - Nil
Nil
Trail 2nd yr onwards
Trail 2nd yr onwards
Trail 2nd yr onwards
Trail 2nd yr onwards
Trail 2nd yr onwards
Trail 2nd yr onwards
ICICI Prudential Regular Savings Fund
<=15 months - 1.00%, >15 Months - Nil
1.25%
0.00%
0.50%(16th month
onwards)
1.25%
0.00%
ICICI Prudential Regular Gold Savings Fund
<=15 months - 2.00%, >15 Months - Nil
1.25%
0.00%
0.40%
1.25%
0.00%
0.40%
ICICI Prudential Short Term Gilt Fund
Nil
0.00%
0.40%
0.40%
0.00%
0.40%
0.40%
ICICI Prudential Long Term Gilt Fund
Nil
0.00%
1.00%
0.50%
0.00%
1.00%
0.50%
ICICI Prudential Gilt Fund - Treasury Plan - PF Option
Upto 6 Months from allotment - 0.50% of
applicable NAV, more than 6 Months - Nil
0.00%
0.40%
0.40%
0.00%
0.40%
0.40%
ICICI Prudential Gilt Fund - Investment Plan - PF Option
Nil
0.00%
0.25%
0.15%
0.00%
0.25%
0.15%
ICICI Prudential Long Term Plan
<=3 years - 1%, >3 years - Nil
1.75%
0.00%
0.50%(4th yr onwards)
1.75%
0.00%
0.50%(4th yr
onwards)
ICICI Prudential Dynamic Bond Fund
Upto 9 Month from allotment - 0.50% of
applicable NAV, more than 9 Month - Nil
0.70%
0.00%
0.50%
0.70%
0.00%
0.50%
ICICI Prudential Blended Blan B
Upto 1 Month from allotment - 0.25% of
applicable NAV, more than 1 Month - Nil
0.00%
0.10%
0.10%
0.00%
0.10%
0.10%
2.50%
0.00%
0.50%(4th yr onwards)
2.50%
0.00%
0.50%(4th yr
onwards)
Exit Load for lumpsum purchase
TPA
Trail 1st Yr
Trail 2nd yr onwards
TPA
Trail 1st Yr
Trail 2nd yr onwards
ICICI Prudential Income Opportunities Fund
Upto 1year - 1.00%, > 1year - Nil
0.40%
0.00%
0.25%
0.40%
0.00%
0.25%
ICICI Prudential Short Term Plan
Upto 6 months - 0.50%, > 6 months - Nil
0.50%
0.00%
0.50%
0.50%
0.00%
0.50%
ICICI Prudential Banking & PSU Debt Fund
Upto 1 month - 0.25%, > 1 month - Nil
0.00%
0.40%
0.25%
0.00%
0.40%
0.25%
ICICI Prudential Ultra Short Term Plan
Upto 1 month - 0.25%, > 1 month - Nil
0.075%
0.75% (2nd month
onwards)
0.30%
0.075%
0.75% (2nd
month onwards)
0.30%
TPA
Trail 1st Yr
TPA
Trail 1st Yr
Corporate Bond Fund Plan
Category
<=3 years - 1%, >3 years - Nil
Fund Name
Category
Fund Name
Exit Load for lumpsum purchase
Trail 2nd yr onwards
Trail 2nd yr onwards
ICICI Prudential Equity - Arbitrage Fund
<= 3 months - 0.50%, > 3 months - Nil
0.00%
0.45%
0.30%
0.00%
0.45%
0.30%
ICICI Prudential Blended Plan A
<= 3 months - 0.50%, > 3 months - Nil
0.00%
0.40%
0.30%
0.00%
0.40%
0.30%
Category
Liquid
Trail 1st Yr
1.50%
Advisor Series - Cautious Plan
Arbitrage
TPA
3 Years Lock In, Nil after 3 years
Advisor Series - Moderate Plan
Debt Short Term
Across all cities B 15
Trail 2nd yr onwards
<=1 yrs - 3%, >1 yrs &<= 2 yrs - 2%, >2yrs
& <=3yrs - 1%, >3yrs -Nil
Advisor Series - Very Aggressive Plan
Debt Long Term
Trail 1st Yr
ICICI Prudential Tax Plan (Trail 4th year onwards) - 0.50%
Category
Hybrid
TPA
ICICI Prudential Child Care Plan - Gift
ICICI Prudential Global Stable Equity
Fund of Funds
Exit Load for lumpsum purchase
TPA
Trail 1st Yr
TPA
Trail 1st Yr
ICICI Prudential Liquid Plan
0.000%
0.050%
0.000%
0.000%
0.050%
0.000%
ICICI Prudential Money Market Fund
ICICI Prudential Saving Fund
ICICI Prudential Flexible Income Plan
Fund Name
Exit Load for lumpsum purchase
0.000%
0.000%
0.000%
0.050%
0.750%
0.050%
0.050%
0.300%
0.050%
0.000%
0.000%
0.000%
0.050%
0.750%
0.050%
0.050%
0.300%
0.050%
Nil
Trail 2nd yr onwards
Trail 2nd yr onwards
0
Additional Trail Paid in
Advance
Nil
Additional Trail Paid in
Advance
Nil
Additional Trail Paid in
Advance
Nil
Additional Trail Paid in
Advance
Nil
Additional Trail Paid in
Advance
Nil
Additional Trail Paid in
Advance
Note
Equity:SIP-STP Applications of Rs. 2000/- and above in Equity schemes except Index Plan, Tax Plan, Service Industries Fund, Indo Asia Fund and Nifty Junior Index Fund - Marketing incentive would be 0.75% & trail (1st yr onwards) brokerage would be 0.50%.
SIP-STP Applications of less than Rs. 2000/- in Equity schemes except Index Plan, Tax Plan, Service Industries Fund, Indo Asia Fund and Nifty Junior Index Fund - Nil Marketing incentive, only trail (1st yr onwards) brokerage would be of 0.50%.
SIP-STP Applications in Index Plan, Tax Plan, Service Industries Fund, Indo Asia Fund & Nifty Junior Index Fund - Marketing Incentive and trail brokerage would be same as normal purchase application.
Other than Equity:SIP/ STP : - Marketing Incentive and trail brokerage would be same as normal purchase application.
For all Switches - Brokerage in advance and / or Trail brokerage would be as normal purchase application (excluding switch between plans / options)
"Trail paid in advance" is paid in advance for the entire stated period. Trail paid in advance, is subject to proportionate claw back incase of outflows (Redemption, Switch (including between plans / options), Systematic withdrawal plan) with in the stated period from the date of
investments. Stated period for All above mentioned Equity, Balanced fund, Monthly Income Plan & Debt funds with upfront payouts is 1 year, MIP 5 & Short Term Plan is 6 months, Regular Gold Saving & Regular savings fund is 15 months, Corporate bond fund, MIP 25 & Long Term
Plan is 3yrs, Dynamic Bond fund is 9 Months, Top 100 Fund, Balanced Advantage Fund, Midcap Fund, Target Return Fund, Dividend Yield Fund & Global Stable Equity Fund is 18 Months, Ultra Short Term Plan & Banking & PSU Debt Fund is 1 month, Income Plan is 1 year.
“B – 15” cities are cities other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad (including Secundrabad), Baroda, Panajim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh collectively referred to as “T –
15” cities. NRI business shall also considered as T 15 business
The additional payout paid for B-15 will be completely clawed back / recovered from future brokerage payments in case the investment is redeemed / Switched Out / Systematically Transferred within 1 year from date of investment.
Disclaimer: The Brokerage/Incentive structure mentioned hereinabove is solely payable to AMFI/NISM certified distributors of ICICI Prudential Asset Management Company Ltd. (AMC) and can be changed by the AMC at its sole discretion without any prior intimation or notification. The
AMC shall not be responsible for any losses incurred by any one due to change in the Brokerage/Incentive structure. All Distributors should abide by the code of conduct and rules/regulations laid down by SEBI and AMFI. Also, it is specifically mentioned that the Distributors will
neither pass on or rebate Brokerage/Incentive back to investors nor tempt them with rebate/gifts. The AMC will take disciplinary action against any Distributor who is found violating the rules, regulations and Code of conduct. Upfront commission shall be paid directly by the investor
to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor. The distributor shall disclose all commissions (in the form of trail commission or any other mode) payable to them for the different competing
Schemes of various Mutual Funds from amongst which the Scheme is being recommended to the investor.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Nil
Brokerage Structure of ARN-49707 applicable from 1st October 2014 till further notice
T15 & B15
Scheme Detail
Amount /
Time Slab /
Trxn. Type
Upfront
Brokerage
1st Year Trail
2nd Year Onwards Trail
Additional Market
Expansion
(B15)
Scheme Wise
Clawback if
Redeemed / Switched
Exit Load
Equity Fund
IDFC Classic Equity Fund
IDFC Sterling Equity Fund
Any Amount
1.70%
0.00%
0.50%
Upfront : 1.50%
Trail : 1st year - 0.00%
IDFC Infrastructure Fund
IDFC Imperial Equity Fund
IDFC Equity Fund
IDFC- Premier Equity Fund
Any Amount
1.70%
0.00%
0.50%
Upfront : 1.50%
Trail : 1st year - 0.00%
Any Amount
1.40%
0.00%
0.50%
Upfront : 1.50%
Trail : 1st year - 0.00%
IDFC Tax Advantage (ELSS) Fund
Any Amount
5.00%
0.00%
IDFC Asset Allocation Fund -FOFAggressive Plan
IDFC Asset Allocation Fund - FOF
-Moderate Plan
IDFC Asset Allocation Fund -FOFConservative Plan
IDFC Dynamic Equity Fund
Any Amount
1.50%
0.00%
Any Amount
2.25%
0.00%
IDFC Monthly Income Plan
Any Amount
1.75%
0.00%
IDFC Nifty Fund
Any Amount
0.00%
0.10%
IDFC Banking Debt Fund
Any Amount
0.00%
IDFC Cash fund
Any Amount
IDFC Money Manager Fund
-Investment Plan
Upfront : 18 months
2% for 18 Months
Market Expansion
Upfront : 12 months
12 months
1% for 365 days
12 months
1% for 365 days
ELSS
2nd year - 0.00% ,
3rd year - 0.00% ,
4th year onwards - 0.50%
Hybrid fund
0.50%
13 to 18 Months - 0.00% ,
19 to 24 Months - 0.50% ,
25 to 9999 Months 0.50%
0.50%
Upfront : 1.00%
Trail : 1st year - 0.00%
NIL
NIL
18 months
1.5% for 18 months
Upfront : 1.00%
Trail : 1st year - 0.00%
18 Months
1.5% for
18months
Upfront : 0.75%
Trail : 1st year - 0.00%
12 Months
1% for 365 days
Index fund
0.10%
NIL
1% for 7 days
0.10%
0.10%
NIL
0.15% for 7 days
0.00%
0.05%
0.05%
NIL
NIL
Any Amount
0.00%
0.20%
0.10%
NIL
0.25% for 1 Month
IDFC Money Manager Fund-Treasury
Plan
Any Amount
0.00%
0.50%
0.40%
NIL
NIL
IDFC Ultra Short Term Fund
Any Amount
0.00%
0.15%
0.15%
NIL
NIL
IDFC Super Saver Income Fund - Short
Term Plan
Any Amount
0.50%
Short term Debt fund
0.00%
0.40%
NIL
6 Months
IDFC Super Saver Income FundMedium Term Plan
Any Amount
2.25%
NIL
36 Months
IDFC All Seasons Bond Fund
Any Amount
0.20%
NIL
3 months
IDFC Dynamic Bond Fund
Any Amount
0.00%
0.75%
0.50%
NIL
IDFC Super Saver Income Fund Investment Plan
Any Amount
1.00%
0.00%
0.50%
NIL
IDFC Government Securities Fund Investment Plan
Any Amount
0.00%
0.75%
0.50%
NIL
NIL
IDFC Government Securities Fund Short Term Plan
Any Amount
0.00%
0.10%
0.10%
NIL
NIL
IDFC Government Securities
Fund-Provident FundPlan
Any Amount
1.00%
0.00%
0.50%
NIL
12 months
1% for 365 days
IDFC Arbitrage Fund
Any Amount
0.15%
0.50%
NIL
3 months
0.25% for 3 Months
IDFC Arbitrage Plus Fund
Any Amount
0.50%
0.50%
NIL
6 months
0.5% for 6 months
Money Market fund
2nd year - 0.00% ,
3rd year - 0.00% ,
4th year onwards - 0.60%
Long term debt fund
0 to 3 Months - 0.00% ,
0.40%
4 to 12 Months - 0.40%
0.00%
0.5% For 3 months
upto 21-Apr-13,
0.5% for 1 month
from 22-Apr-13
1st yr-1%, >1to2yr
0.75%, >2to3yr
0.50%
0.50% for 3 months
0.5% For 3 months
365 days
1% for 365 days
Gilt Fund
Arbitrage Fund
0 to 3 Months - 0.00% ,
4 to 12 Months - 0.60%
0.00%
Terms & Conditions :
T-15 refers to Top 15 Cities provided by AMFI & B-15 referes to all the cities beyond the Top 15 cities. The list of Top 15 cities are as follows: Ahmedabad, Bangalore, Baroda, Chandigarh,
Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai), New Delhi(including NCR), Panjim, Pune and Surat.
Scheme-wise Claw Back provision if redeemed/switched within claw back period :
i) The Upfront in T15 & B15 will be proportionately recovered / clawed back from the future Brokerage payments of the Distributor.
ii) The Market Expansion incentive is applicable for 1st year and only for B-15 Cities which will be completely recovered / clawed back from the future Brokerage payments of the distributor.
In case EUIN or the investor declaration is not provided within the timelines as prescribed by AMFI from time to time, brokerage on the concerned transaction shall be forfeited permanently.
No upfront Brokerage will be paid in case of switches within sub plans of any schemes and in case of switches within equity schemes.
AMC reserves the right to change the structure without any prior intimation.
The brokerage/incentives would be inclusive of Service Tax/Education Cess and any other applicable tax; if any as per the current regulations.
The changes effected in the current month’s brokerage rates are highlighted in “green” for your attention.
In Asset Allocation Funds, there is no exit load on switches within the asset allocation funds and there is no limit to the number of switches between Asset Allocation funds.
ARN-49707 - Brokerage Structure for October,14
1
Commission Structure for L&T Business Cycles Fund
(From 1st October 2014 to 31st December 2014)
Dear Adviser,
We are happy to offer you the below mentioned commission structure for L&T Business Cycles Fund for the period mentioned above:
Name of the Fund
Prepaid
Commission*
Additional
Prepaid Commission*
Trail(apm)
th
th
19 to 60 month
Trail(apm)
st
61 month onwards
Total Prepaid Commission
in Year 1 for T15 Cities
B15 Incentive
Additional
B15 Incentive
Total Prepaid Commission
in Year 1 for B15 Cities
L&T Business Cycles Fund
2.25%**
0.75%**
0.75%
0.50%
3.00%
1.50%***
0.50%***
5.00%
* L&T IM wishes to enhance the quality of service provided to its investors. For this purpose, the AMC intends to fund the distributors through a prepayment of commission/incentive to enable them to service their clients.
The prepayment will be based on the rates specified in the table above.
**For investments > Rs.3 Crore, the Prepaid Commission and Additional Prepaid Commission will be paid in 12 monthly equated instalments.
*** B15 Incentive/ Additional B15 Incentive on application amounts >= Rs. 10, 00,000 will be paid in 12 monthly equated instalments.
We look forward to your support and remain committed to building a mutually strong relationship with you.
Yours truly,
Ankur Thakore
National Head – Sales & Distribution
Commission Structure for L&T Business Cycles Fund- Terms and Conditions
(From 1st October 2014 to 31st December 2014)
General
a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)
l)
The aforesaid structure is effective from 1st October 2014 to 31st December 2014 and will remain effective till further notice and may change at the discretion of AMC/ as
a result of any changes in the law.
Prepaid Commission and Additional Prepaid Commission will be payable on fresh purchases, SIPs/STPs and switches from any scheme and paid in the month
following the allotment of units. However, it will not be payable on re-investment of dividends.
th
th
Trail Commission -19 month to 60 month: Trail will be applicable on all fresh purchases and switches subject to the assets staying with the Scheme for more than 18
months from the date of allotment. However on units allotted out of re-investment of dividend, it will be applicable from the date of allotment of new units subject to
commencement of trail on original units. This will be calculated on the basis of the `Daily Average Assets’ on the NAV and payable monthly at the annualized rate
mentioned above.
st
Trail Commission -61 month onwards: Trail will be applicable on all assets procured subject to the assets staying with the Scheme for more than 60 months from the
date of subscription. This will be calculated on the basis of the `Daily Average Assets’ on the NAV and payable monthly at the annualized rate mentioned above.
In case the investment is redeemed within the exit load period, as applicable, the proportionate Prepaid Commission shall be recovered or set-off from other amounts
payable.
If the total commission payout for a month (including Prepaid Commission/Incentive) is less than Rs. 250/-, the same would be accrued and carried forward to subsequent
months for payouts,
AMC reserves the right to change the Commission structure at its sole discretion.
The AMC reserves the right not to pay Commission/Incentive on assets mobilized through multiple / split applications from the same investor where such arrangement is
made with an intention to earn Commission/Incentive otherwise not available on the investment.
In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the
form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being
recommended to the investor. Distributors are advised to ensure compliance of the same.
The rules and regulations of SEBI/AMFI pertaining to commission payment to distributors will also be applicable for payment of the commission as per the structure stated
above.
The aforesaid commission structure is based on the present expense ratio allowed by SEBI. Any change by SEBI in the expense ratio will entail a change in the aforesaid
commission structure. AMC reserves the right to change, withdraw and / or amend, the above mentioned terms and conditions without any prior notice.
For change of broker code cases, payment of commission will be governed by the requirements of SEBI and / or AMFI.
B-15 Incentive
a)
b)
c)
d)
e)
f)
g)
B-15 incentive is over and above the existing commission and incentives.
B-15 incentive will be payable on the applications procured from residents of all the cities beyond the following 15 cities:
Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat,
Kanpur and Chandigarh
Applications procured from Non-resident Indians will not be eligible for B-15 incentive.
B15 Incentive/ Additional B15 Incentive on application amounts >= Rs. 10, 00,000 will be paid in 12 monthly equated instalments.
In case the investment is redeemed (lump sum & SIP) within 12 months, the entire B15 incentive paid as above shall be recovered or set-off from other amounts payable
in accordance with requirements of SEBI and/or AMFI.
Identification or tagging of a transaction as B15 transaction will be at the sole discretion of AMC and as per the guidelines and list of Pin codes issued by SEBI and/or
AMFI from time to time.
Any claims by distributors to change the tagging will not be entertained.
COMMISSION STRUCTURE
OCTOBER 1, 2014 TO DECEMBER 31, 2014
COMMISSION STRUCTURE FOR MOBILIZATION IN PRINCIPAL MUTUAL FUND SCHEMES DURING THE QUARTER : OCTOBER 01, 2014 TO DECEMBER 31, 2014
EQUITY, ELSS AND BALANCED SCHEMES (including EQUITY FoF)
SCHEME NAME
Principal Tax Savings Fund
Principal Personal Tax Saver Fund
Principal Large Cap Fund
Principal Smart Equity Fund
Principal Emerging Blue Chip Fund
Principal Dividend Yield Fund
Principal Balanced Fund
Principal Growth Fund
Principal Global Opportunities Fund
Principal Index Fund - Nifty
Principal Index Fund - Midcap
UPFRONT
COMMISSION
5.50%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
YEAR 2
YEAR 1 TRAIL
ONWARDS TRAIL
COMMISSSION
COMMISSSION
(p.a.)
(p.a.)
NIL
1.00%*
3.00%
1.00%
2.25%
1.00%
2.50%
1.00%
2.25%
1.00%
2.25%
1.00%
2.25%
1.00%
2.25%
1.00%
1.00%
0.75%
0.50%
0.50%
0.50%
0.50%
An ADDITIONAL YEAR 1 TRAIL COMMISSION of 1.00% p.a. shall be payable
on mobilization in B15 cities in the below mentioned Equity schemes:
• Principal Large Cap Fund
• Principal Emerging Blue-chip Fund
• Principal Dividend Yield Fund
• Principal Smart Equity Fund
• Principal Balanced Fund
• Principal Growth Fund
* Rate of Commission indicated as Year 2 Trail commission (p.a) for Principal Tax Savings Fund will be payable
from Year 4 onwards.
PLEASE REFER TO PAGE 4 FOR ADDITIONAL TERMS AND DISCLOSURES
Page 1 of 3
ALTERNATIVE COMMISSION STRUCTURE (ACS)
for the quarter Oct 1, 2014 - Dec 31, 2014
For select Equity Schemes* in all cities
(all application sizes)
Upfront
Year 1 Trail
Commisssion
(p.a.)
Year 2 Trail
Commisssion
(p.a.)
Year 3 Onwards Trail
Commisssion
(p.a.)
0.10%
1.25%
1.50%
1.75%
* Applicable for Principal Large Cap Fund, Principal Growth Fund, Principal Emerging Bluechip Fund,
Principal Dividend Yield Fund, Principal Smart Equity Fund, Principal Balanced Fund
NOTE: ACS would be applicable (in lieu of the commission structure provided for these Equity
Schemes on Page 1 of the attachment) only on receipt of confirmation from the Distributor on or
before October 20, 2014, through any of the e-mail IDs registered with CDMS.
Page 2 of 3
COMMISSION STRUCTURE FOR MOBILIZATION IN PRINCIPAL MUTUAL FUND SCHEMES DURING THE QUARTER : OCTOBER 01, 2014 TO DECEMBER 31, 2014
NOTE 1
For Principal Debt Opportunities Fund – Conservative Plan
DEBT AND LIQUID SCHEMES
i) Year 1 Trail Commission for the first three months from the date of allotment, shall be
Principal Debt Savings Fund - MIP
1.75%
YEAR 2 ONWARDS
TRAIL
COMMISSSION
(p.a.)
0.75%
Principal Income Fund -Long Term Plan
1.25%
0.75%
Principal Government Securities Fund
1.15%
0.60%
Principal Debt Savings Fund -Retail Plan
1.00%
0.60%
Principal Income Fund - Short Term Plan
0.90%
0.50%
Principal Bank CD Fund
0.75%
0.30%
Principal Debt Opportunities Fund - Corporate Bond Plan
0.15%
0.15%
Principal Debt Opportunities Fund - Conservative Plan
0.90%
0.50%
Principal Retail Money Manager Fund
0.05%
0.05%
of such Application. Additional mobilization received from such Investors in Principal
Principal Cash Management Fund
0.05%
0.05%
Cash Management Fund post such qualifying Application, shall also remain eligible for
YEAR 1 TRAIL
COMMISSSION
(p.a.)
SCHEME NAME
1.00% p.a. (instead of 0.90% p.a), if Net Mobilisation during the period (October 1, 2014
to December 31, 2014) from the distributor, is Rs.5 Crore or more, but less than Rs. 20
Crore.
ii) Year 1 Trail Commission for the first three months from the date of allotment, shall
be 1.10% p.a. (instead of 0.90% p.a), if Net Mobilization during the period (October 1,
2014 to December 31, 2014) from the distributor, is Rs.20 Crore or more.
NOTE 2
For Principal Cash Management Fund
Additional annualized first year commission at the rate of 0.10% p.a shall be paid on
Applications of Rs 5 crore or more, subject to these being received from Investors who
do not have any AUM with Principal Mutual Fund since October 1, 2013, until the date
additional annualized first year commission at the rate of 0.10 % p.a, subject to such
mobilization being received on or before December 31, 2014.
PLEASE REFER TO PAGE 4 FOR ADDITIONAL TERMS AND DISCLOSURES
COMMISSION STRUCTURE FOR DISTRIBUTORS EMPANELLED WITH PRINCIPAL MUTUAL FUND
Page 3 of 3
ADDITIONAL TERMS & CONDITIONS:
1)
The commission structure/rates outlined in the table above is applicable only for the period mentioned in the table above. Principal Pnb Asset
Management Co. Pvt. Ltd ('AMC') reserves the right to modify this commission structure/rates, including trail commission structure, at any time in the
future, without any notice, following changes in SEBI / AMFI regulations, change in scheme expense structure, market conditions, etc.
2)
The list of Top 15 (T15) Cities is provided by AMFI from time to time & Cities Beyond Top 15 Cities (B-15) refers to all the cities beyond the Top 15 cities.
3)
The Commission computation by our R&T will be considered to be final. The AMC shall not entertain any queries on the commission
statement/commission payout, if the same are received after 15 days from the submission of commission statement/commission payout.
4)
The above commission structure and the payout thereof is subject to empanelment of the distributor with the AMC, various SEBI/AMFI
regulations/guidelines as may be applicable from time to time, including regulations/guidelines relating to forfeiture of Commission.
5)
The above commission structure is inclusive of any cess, charges, taxes, etc. that may be applicable to the Distributor / AMC on behalf of the distributor.
TDS will be recovered as required under IT Act as per rates applicable and as amended from time to time.
6)
The distributors shall adhere to all relevant SEBI circulars on Code of Conduct and SEBI Regulations and ensure that no rebate is given to investors in any
form.
7)
If any distributor is found indulging in excessive churning of investments, the AMC reserves the right to stop all future payments of commission and
may also claw back the commission already paid.
8)
As per the current guidelines issued by SEBI, upfront commission may also be paid by the Investor directly to his Distributor / Advisor based on his
assessment of various factors including the service rendered by the Distributor / Advisor. Further, the revised guidelines state that the Distributor /
Advisor is required to disclose all commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes
of various mutual funds from amongst which the scheme is being recommended to the Investor.
9)
As communicated by SEBI, any sales promotional or any other literature, prepared by Distributors about the fund house products, should adhere and
comply with SEBI guidelines. Accordingly you are required to ensure that such literature issued by you should comply with the relevant SEBI prescribed
Advertisement Code and all other relevant circulars / guidelines issued from time to time, including any guidelines/instructions issued by AMC inter alia
concerning preparation and release of such material.
10) SEBI requires to ensure that all Unitholders are provided unrestricted access to the Mutual Fund/AMC and ensure that the existing and potential
Unitholder's rights are not restricted in any manner. Accordingly, the AMCs shall accept and suitably act upon any requests to undertake
commercial/non-commercial transactions related to the Schemes of Principal Mutual Fund directly initiated by the Unitholdes/Investors.
11) As per SEBI regulations, you are not entitled to commission on your own investments. Please note that receiving commission on own investments will
be violation of SEBI Regulations and you are required to immediately bring any such instances to our attention so that the same can be recovered
immediately.
12) AMC reserves the right to recover any amounts due to the AMC from the Distributor, against any commission payable to the Distributor.
13) P r i n c i p a l M u t u a l F u n d c o m m u n i c a te s a l l D i s t r i b u to r C o m m i s s i o n / I n c e n t i ve S t r u c t u r e s o n l y t h ro u g h
[email protected]. Principal Mutual Fund shall not take liability for any commission/incentive
structure communicated through any other email id, or, through any other medium, unless such communication has been
confirmed by [email protected]
Principal Pnb Asset Management Company Pvt. Ltd.
Regd. Off.: Exchange Plaza, ‘B’ Wing, Gr. Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai-400 051.
Ultra Short Term
Liquid
•
11.
12.
13.
14.
Yes
Yes
Yes
Yes
Yes
Yes
NA
NA
NA
NA
Distribution Incentive / Additional Distribution Incentive / Annual Retention Incentive will not be
applicable for Switches within the same scheme (including normal and Direct plans)
The brokerage will be paid on the basis of the Pin code of the Investor for investments
There will be no additional tie-up in any of the above mentioned schemes during the Quarter.
AMC reserves the right to make prospective changes to the structure including trail on existing assets. In
the event of unavoidable reduction in expenses due to regulatory / other reasons, the perpetual trail may
undergo change
In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30,
2009 the distributors should disclose all the commissions (In the form of trail commission or any other
mode) payable to them for the different competing scheme of various mutual fund from amongst which
the scheme is being recommended to the investors. Please ensure compliance
Brokerage Structure for the period 1st Oct 2014 to 31st Dec 2014
Large Cap Diversified Category:
Religare Invesco Business Leaders Fund
Mid Cap Diversified Category:
Religare Invesco Mid Cap Fund
Religare Invesco Mid N Small Cap Fund
Fixed Income - Accrual Category:
Religare Invesco Bank Debt Fund
Multi Cap Diversified Category:
Religare Invesco Growth Fund
Religare Invesco Equity Fund
ELSS/ Tax Saver Category:
Religare Invesco Tax Plan
Fixed Income - Duration Category:
Religare Invesco Active Income Fund
Arbitrage Category:
Religare Invesco Arbitrage Fund
Category
Name of the Fund
Application Size
Base Incentive
(%)#
Special Incentive
Retention Incentive
(for T-15 Cities only)
(for B-15 Cities only)
International FoF
Religare Invesco Pan European Equity Fund/
Religare Invesco Global Equity Income Fund
for applications <= Rs. 2crs
2.00
NIL
NIL
NIL
0.75
for applications > Rs. 2crs
NIL
NIL
NIL
2.00
0.75
for applications <= Rs. 2crs
1.00
1.00
2.00
NIL
1.00
for applications > Rs. 2crs
NIL
NIL
NIL
0.50
1.00
for applications <= Rs. 2crs
3.75
NIL
NIL
NIL
Religare Invesco Equity Schemes ^^
Equity
for applications > Rs. 2crs
NIL
NIL
NIL
0.50
NIL@
0.75
for applications <= Rs. 2crs
5.50
NIL
NIL
NIL
NIL*
for applications > Rs. 2crs
NIL
NIL
NIL
2.00
1.75*
Religare Invesco MIP Plus /
for applications <= Rs. 2crs
0.75
0.75
2.00
0.50
0.75
Religare Invesco Monthly Income Plan
for applications > Rs. 2crs
NIL
NIL
NIL
1.00
0.75
for applications <= Rs. 2crs
1.25
NIL
NIL
NIL
Religare Invesco Contra Fund
ELSS
Hybrid
Gold
Equity oriented
Liquid
Religare Invesco Tax Plan
Religare Invesco Gold Fund
Religare Invesco Arbitrage Fund^
NIL
NIL
NIL
0.50
0.15
NIL
NIL
0.60+
0.75
0.50
for applications > Rs. 10crs
NIL
NIL
NIL
0.60
Any amount
NIL
NIL
NIL
0.05
0.05
Religare Invesco Liquid Fund
Any amount
NIL
NIL
NIL
0.05
0.05
Religare Invesco Ultra Short Term Fund^
Any amount
NIL
NIL
NIL
0.35
0.05
for applications <= Rs. 2crs
NIL
NIL
NIL
0.20
0.20
for applications > Rs. 2crs
NIL
NIL
NIL
0.20
0.20
for applications <= Rs. 2crs
0.10
NIL
NIL
0.30**
0.25
for applications > Rs. 2crs
NIL
NIL
NIL
0.30
0.25
for applications <= Rs. 2crs
0.60
NIL
NIL
0.75***
0.75
for applications > Rs. 2crs
NIL
NIL
NIL
0.75
0.75
Religare Invesco Active Income Fund
Any amount
NIL
NIL
NIL
0.25
0.25
Religare Invesco Corporate Bond Opportunities
Fund
for applications <= Rs. 10crs
3.00
NIL
NIL
NIL
for applications > Rs. 10crs
NIL
NIL
NIL
1.00
NIL$
0.75
for applications <= Rs. 2crs
1.25
NIL
NIL
NIL
0.50
for applications > Rs. 2crs
NIL
NIL
NIL
1.25
0.50
Religare Invesco Gilt Fund - Long Duration
Any amount
NIL
NIL
NIL
1.25
0.60
Religare Invesco Gilt Fund - Short Duration
Any amount
NIL
NIL
NIL
0.25
0.25
Religare Invesco Credit Opportunities Fund
Religare Invesco Medium Term Bond Fund
Religare Invesco Bank Debt Fund
Gilt
for applications > Rs. 2crs
for applications <= Rs. 10crs
Religare Invesco Overnight Fund
Religare Invesco Short Term Fund
Debt
Trail (% p.a.) 1st Trail (% p.a.) 2nd
year
year onwards
* In Religare Invesco Tax Plan, Trail from 4th Year 0.75%
** First year trail in Religare Credit Opportunities Fund is payable from 4th month onwards.
*** First year trail in Medium Term Bond Fund is payable from the 7th month onwards.
+ First year trail in Religare Invesco Arbitrage Fund is payable from 4th month onwards.
^ In Bonus Options (Bonus Option & Annual Bonus Option) No upfront is payable & Trail from 1st Year onwards is 0.25%.
@ In Religare Invesco Contra Fund, Trail from 3rd Year 0.75%
$ In Religare Invesco Corporate Bond Opportunities Fund, Trail from 4th Year 0.75%
Terms & Conditions
Note:
# ^^Equity Schemes Include: Religare Invesco AGILE Fund, Religare Invesco Banking Fund, Religare Invesco Business Leaders Fund, Religare Invesco Contra Fund, Religare Invesco Equity Fund, Religare Invesco
Growth Fund, Religare Invesco Infrastructure Fund, Religare Invesco Mid Cap Fund, Religare Invesco Mid N Small Cap Fund & Religare Invesco PSU Equity Fund.
# Upfront payments are computed on the investment value.
# In case the investment is redeemed/ switched out for any reason whatsoever, within 1 year from Equity Schemes (except Contra fund), MIP, MIP Plus, Bank Debt & Gold FoF, within 24 months from Contra fund,
within 36 months from Corporate bond opportunities fund, Pan European Equity Fund & Global Equity Income Fund, within 3 months from Credit Opportunities Fund & Arbitrage Fund and within 6 months from
Meduim Term Bond Fund, the proportionate amount of Base Incentive & Special Incentive and full amount of Retention Incentive paid shall be recovered/ clawed back/ set off from the future brokerage payments, at
AMC’s sole discretion.
# In case the brokerage payable to the distributor is insufficient to cover the clawback amount, the claowback will be tried for three consicutive months post which a demand notice will be sent to the distributor asking
him to refund the money to the AMC. In case the distributor doesnot pay the money within one month from the date of the receipt of the notice, the AMC will approach AMFI for the resolution of the same or initiate the
required corrective action including legal proceedings as it may deem fit.
# No upfront incentive shall be payable for switches within and between Equity, FoF International (Pan European Equity Fund & Global Equity Income Fund) & Hybrid (MIP/ MIP Plus) categories
# "T15" cities currently include Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and
Chandigarh. "B15" cities are locations beyond T15 cities as identified from time to time by the regulators.
# Tagging of a transaction as B15 transaction solely rests with the AMC, including any guidelines issued by AMFI.
# Brokerage rates are inclusive of all taxes, cost charges & expenses incurred by you.
# Brokerage will be payable only to distributors empanelled with us and for applications logged under their respective ARN.
# The above mentioned brokerage is applicable subject to provisions of SEBI Circulars as ammended from time to time.
# Above data / information / brokerage structure is as on this date and is subject to ammendments persuant to any regulatory changes.
# The AMC reserves the right to ammend/withdraw the above brokerage structure on a prospective basis without assigning any reasons.
# In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of trail commission or any other mode)
payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Distributors are advised to ensure compliance of the same.
# This structure will supersede any existing brokerage structure for the month ending 31st Dec 2014.
G-Religare Wealth
Date : 1st Oct 2014
Brokerage Structure for the period 1st Oct 2014 to 31st Dec 2014
Category
Equity
Name of the Fund
Application Size
Base Incentive (%)#
Religare Invesco Mid N Small for applications <= Rs. 2crs
cap Fund
for applications > Rs. 2crs
1.00
NIL
Special Incentive
Retention Incentive
(for T-15 Cities only)
(for B-15 Cities only)
Trail (% p.a.) 1st
year
Trail (% p.a.) 2nd
year onwards
1.25
NIL
2.00
NIL
Nil
0.50
1.00
1.00
Terms & Conditions
# ^^Equity Schemes Include: Religare Invesco AGILE Fund, Religare Invesco Banking Fund, Religare Invesco Business Leaders Fund, Religare Invesco Contra Fund, Religare Invesco Equity Fund,
Religare Invesco Growth Fund, Religare Invesco Infrastructure Fund, Religare Invesco Mid Cap Fund, Religare Invesco Mid N Small Cap Fund & Religare Invesco PSU Equity Fund.
# Upfront payments are computed on the investment value.
# In case the investment is redeemed/ switched out for any reason whatsoever, within 1 year from Equity Schemes (except Contra fund), MIP, MIP Plus, Bank Debt & Gold FoF, within 24 months
from Contra fund, within 36 months from Corporate bond opportunities fund, Pan European Equity Fund & Global Equity Income Fund, within 3 months from Credit Opportunities Fund & Arbitrage
Fund and within 6 months from Meduim Term Bond Fund, the proportionate amount of Base Incentive & Special Incentive and full amount of Retention Incentive paid shall be recovered/ clawed
back/ set off from the future brokerage payments, at AMC’s sole discretion.
# In case the brokerage payable to the distributor is insufficient to cover the clawback amount, the claowback will be tried for three consicutive months post which a demand notice will be sent to the
distributor asking him to refund the money to the AMC. In case the distributor doesnot pay the money within one month from the date of the receipt of the notice, the AMC will approach AMFI for the
resolution of the same or initiate the required corrective action including legal proceedings as it may deem fit.
# No upfront incentive shall be payable for switches within and between Equity, FoF International (Pan European Equity Fund & Global Equity Income Fund) & Hybrid (MIP/ MIP Plus) categories
# "T15" cities currently include Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow,
Surat, Kanpur and Chandigarh. "B15" cities are locations beyond T15 cities as identified from time to time by the regulators.
# Tagging of a transaction as B15 transaction solely rests with the AMC, including any guidelines issued by AMFI.
# Brokerage rates are inclusive of all taxes, cost charges & expenses incurred by you.
# Brokerage will be payable only to distributors empanelled with us and for applications logged under their respective ARN.
# The above mentioned brokerage is applicable subject to provisions of SEBI Circulars as ammended from time to time.
# Above data / information / brokerage structure is as on this date and is subject to ammendments persuant to any regulatory changes.
# The AMC reserves the right to ammend/withdraw the above brokerage structure on a prospective basis without assigning any reasons.
# In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of trail commission or
any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Distributors are advised to
ensure compliance of the same.
# This structure will supersede any existing brokerage structure for the month ending 31st Dec 2014.
TATA MUTUAL FUND
BROKERAGE & LOAD STRUCTURE - Equity (Lumpsum & SIP/STP Investments)- w.e.f - 01st October 2014 to 31st December 2014
Additional Payout
(Only for B-15 Locations)
For All Locations (Top 15 & Beyond 15 Locations)
Scheme Name
Distribution Incentives ^
Additional Distribution
Incentive
(Only for Lumpsum)^
1st Year
Trail
<= Rs. 5 Crs
2.25%
0.50%
NIL
> Rs. 5 Crs
Nil
0.50% apm
2.25% apm
Investment Size
2nd Year Trail
3rd Year Onwards Trail
Special Incentive ^
Equity / Balanced / Hybrid Schemes ^
1.00% apm
Tata Midcap growth Fund,Tata Ethical Fund
(Trail Payable from 19th Mth
onwards)
0.75% apm
1.75%
1.00% apm
0.75% apm
1.75% apm
1.00% apm
<= Rs. 5 Crs
2.00%
0.50%
NIL
(Trail Payable from 19th Mth
onwards)
0.75% apm
1.75%
> Rs. 5 Crs
Nil
0.50% apm
2.00% apm
1.00% apm
0.75% apm
1.75% apm
0.75% apm
1.75%
1.75% apm
Tata Balanced Fund,Tata Equity PE Fund,
Tata Dividend Yield Fund,Tata Pure Equity Fund,Tata Equity
Opportunities Fund,Tata Infrastructure Fund,Tata Indo Global
Infrastructure Fund,Tata Growing Economies Infrastructure
Fund
Tata MIP Plus Fund,Tata Monthly Income Fund
Tata Index Fund Plan - A (Sensex),Tata Index Fund Plan - A
(Nifty)
<= Rs. 5 Crs
1.50%
0.50%
NIL
1.00% apm
> Rs. 5 Crs
Nil
0.50% apm
1.50% apm
1.00% apm
0.75% apm
<= Rs. 5 Crs
1.50%
0.25%
Nil
1.00% apm
1.00% apm
1.50%
> Rs. 5 Crs
NIL
0.25% apm
1.50% apm
1.00% apm
1.00% apm
1.50% apm
Rs. 5000/-
NIL
NIL
1.00% apm
1.00% apm
1.00% apm
NIL
Distribution Incentives^
Additional Distribution
Incentive
(Only for Lumpsum)^
1st Year
Trail *
2nd Year
Trail *
3rd Year
Trail *
4th Year onward Trail
NIL
0.50%
1.83% apm
1.83% apm
1.84% apm
1.00% apm
ELSS Schemes
Scheme Name
Investment Size
Tata Tax Saving Fund (Compulsory Lock in of 3 years from
the DOA)
<= Rs. 5 Cr #
Special Incentive ^
1.50%
* AMC would arrange for advance payment against the first 3yrs trail payments in the Fund and the same would be recovered from the trail payments as & when due during the tenure of the Fund. This would be applicable only for individual application size of up to Rs.5 crs.
# No advance payment against the trail payments in the Fund for application size of above Rs.5 crs. For application size > 5 Cr it would be payable in normal trail form only
Special Schemes
Trail
Distribution Incentive ^
#
Additional Distribution
Incentive
(Only for Lumpsum)^
1st Year
2nd Year To 4th
Year
5th Year Onwards
Tata Retirement Savings Fund - Progressive Plan & Moderate Plan
1.25%
0.50%
0.50% apm
1.25% apm
1.25% apm
Tata Retirement Savings Fund - Conservative Plan
1.00%
0.50%
0.50% apm
1.00% apm
1.00% apm
Scheme Name
#Special Incentive ^
1.50%
1.50%
# Not applicable for the Investor of Age 60 years and above. Further in case of SIP, SIP registered before investors attains 60 years of age, NO DISTRIBUTION INCENTIVE , SPECIAL INCENTIVE Shall be payable for installments falling due after the
investor attains the age of 60 years,
Special Schemes
Scheme Name
Tata Young Citizen's Fund - Any time exit option (If child
attains majority before / after 7 Yrs. From date of allotment)
Tata Young Citizen's Fund (Applicable for Children with less
/ more than 15 years of age)(Compulsory Lock in Option)
Investment Holding
Period
< =3 yrs
> 3 yrs & < =7 yrs
> 7 yrs
Investment Size
Distribution Incentives ^
Additional Distribution
Incentive
(Only for Lumpsum)^
1st Year Trail
2nd YearTrail
1.00%
0.50%
0.50% apm
0.75% apm
1.00% apm
1.50%
1.00%
0.50%
0.50% apm
0.75% apm
1.00% apm
1.50%
3rd Year Onward Trail
Special Incentive ^
Any Amount
--
^ PLEASE REFER TO POINT 2 IN TERMS & CONDITIONS (PAGE 3) FOR DETAILS
Notes:
a) apm - Annualised payable monthly; DOA - Date of Allotment.
b) Lumpsum investments - Minimum application amount Rs.500/- under Tata Young Citizens' Fund & Tata Tax Savings Fund, Rs.10,000/- under Tata Growing Economies Infrast. Fund, Rs.5000/- for all other (above mentioned) Schemes.
c) Investment options in all the above schemes - Dividend/Growth, for Tata Young Citizens' Fund it is only Growth
d) Amount invested in TATA TAX SAVING FUND will remain locked in for 3 years from the date of allotment irrespective of any change in the tax laws
For other terms & conditions please refer to page 3.
1/4
BROKERAGE & LOAD STRUCTURE - Debt (Lumpsum & SIP/STP Investments)- w.e.f - 01st October 2014 to 31st December 2014
For All Locations (Top 15 & Beyond 15 Locations)
Brokerage Structure
Scheme Name
Investment Size
Distribution Incentives ^
1st Year
Trail
2nd Year Onward Trail
Liquid Funds
Tata Liquid Fund Plan - A
Rs. 5,000/-
NIL
0.05% apm
0.05% apm
Tata Money Market Fund Plan - A
Rs. 5,000/-
NIL
0.10% apm
0.10% apm
Tata Liquidity Management Fund
Rs. 10,000
NIL
0.05% apm
0.05% apm
Debt Ultra Short Term & Floating Rate Funds
Tata Floater Fund
Rs. 5,000
NIL
0.20% apm
0.20% apm
Tata Treasury Manager Fund Plan - A
Rs. 5,000
NIL
0.75% apm
0.75% apm
Tata Floating Rate Fund (Long Term) #
Rs. 10,000
NIL
0.05% apm
0.05% apm
Gilt Funds
Tata Gilt Short Maturity Fund
Tata Gilt Securities Fund Plan - A
Scheme Name
Tata Gilt Mid Term Fund
Rs. 10,000
NIL
1.00% apm
1.00% apm
<= Rs. 5 Crs
0.70%
0.60% apm *
1.00% apm
> Rs. 5 Crs
Nil
1.00% apm
1st Year
Trail
Investment Size
Distribution Incentive
<= 10 Crs
2.00%
NIL
> 10 Crs
NIL
0.75% apm
1.00% apm
3rd Year Trail
4th Year Onward Trail
NIL
NIL
0.25% apm
0.75% apm
0.50% apm
0.25% apm
2nd Year Trail
Income Schemes
Scheme Name
Tata Income Plus Fund Plan - A
Tata Income Fund
Scheme Name
Tata Short Term Bond Fund
Scheme Name
Tata Dynamic Bond Fund Plan - A
Investment Size
Distribution Incentives ^
1st Year
Trail
2nd Year Onward Trail
<= Rs. 5 Cr
1.50%
Nil
1.25% apm
> Rs. 5 Cr
NIL
1.50% apm
1.25% apm
<= Rs. 5 Crs
1.25%
NIL
1.00% apm
> Rs. 5 Crs
Nil
1.00% apm
1.00% apm
Investment Size
Distribution Incentives ^
1st Year
Trail
2nd Year Onward Trail
<= Rs. 5 Cr
0.60%
NIL
0.70% apm
> Rs. 5 Cr
NIL
0.60% apm
0.70% apm
Investment Size
Distribution Incentives ^
1st Year
Trail
2nd Year Onward Trail
<= Rs. 5 Cr
1.50%
Nil
1.25% apm
> Rs. 5 Cr
Nil
1.50% apm
1.25% apm
^ PLEASE REFER TO POINT 2 IN TERMS & CONDITIONS (PAGE 3) FOR DETAILS
Notes:
a) apm - Annualised payable monthly;
# Bonus/Dividend/Growth options available, others have Dividend/Growth options.
*Gilt securities fund trail payable from 7th monthonwards
Incase of Tata Dynamic Bond Fund distribution Incentive is with proportionate Clawback, if redeemed with in / upto 12 months from the Date of Allotment.
Incase of Tata Gilt Mid Term Fund distribution Incentive is with proportionate Clawback, if redeemed within 36 months from the Date of Allotment.
Incase of Tata Short Term Bond Fund distribution Incentive is with proportionate Clawback, if redeemed within 6 months from the Date of Allotment.
For other terms & conditions please refer to page 3.
2/4
TERMS & CONDITIONS
FOR INVESTMENT / APPLICATION SIZE/APPLICABLITY FOR LUMPSUM/SIP/STP INVESTMENT PLEASE REFER THE KIM / SID OF RESPECTIVE SCHEMES; FOR LOAD STRUCTURE PLEASE REFER PAGE 4.
1> Top-15 Locations (T-15) provided by AMFI & Beyond-15 Locations (B-15) refers to all the Locations beyond the Top-15 Locations. The list of Top-15 Locations are as follows :
Ahmedabad; Bangalore; Baroda; Chandigarh; Chennai; Hyderabad; Jaipur; Kanpur; Kolkata; Lucknow; Mumbai (including Navi Mumbai & Thane); New Delhi (including NCR); Panjim; Pune & Surat
2> ^ Brokerage Structure for Top 15 & Beyond 15 Locations:
Distribution Incentive & Additional distribution incentive means Trail Paid in Advance.
(a) Top 15 locations - would be offered Distributor incentive + Additional Distribution Incentive.
Beyond 15 locations – would be offered Distribution incentive + Additional Distribution incentive + Special incentive for B-15.
(b) Distribution Incentive & Additional Distribution Incentive is with proportionate Clawback, if redeemed within the exit load period of the schemes, except "Tata Retirement Savings Fund" (TRSF). For TRSF, clawback will be applicable if redeemed before 24 Months from the date of
Allotment.
(c) Special Incentive (for Beyond 15 cities) is with Complete Clawback (For any amount), if redeemed within the exit Load period of the schemes, except TRSF, for TRSF, clawback will be applicable if redeeemed before 24 months from the date of Allotment.(Even for application
amount > 5 Crs and B-15 special incentive payable in apm basis,it shall be with complete clawback).
3> The proposed brokerage structure are applicable for regular plan only. NO brokerage / Commission (Distibution Incentive+Additional Distribution Incentive+ Special Incentive+Trail) would be payable on Direct Plans
4> Switches :
(a) For switches between equity schemes including Tata Balanced Fund, Tata Monthly Income Fund, Tata MIP Plus & Tata Young Citizen Fund, Distribution Incentive and Additional Distribution Incentive would be payable only on investments which have completed 1 year from
the date of allotment (Subject to applicable clawback). No Special Incentive for Beyond 15 locations would be payable on switches.The trail would be paid as per the applicable brokerage structure.
(b) For all switches from Direct Plan to Existing Regular Plan (Plan A) of All Schemes the distributor would be eligible for only Trail brokerage payout. There would be NO Distribution Incentive, Additional Distribution Incentive & special incentive for B-15 locations.
5> Trail :
(a) First year trail commission is calculated from the date of the allotment till the end of the first year of investment or till the investor stays invested in the scheme, whichever is earlier and is calculated on pro-rata basis, by taking the average of net asset value during the period under
consideration and on the outstanding units.
(b) Second year trail commission is calculated from date of completion of one year from the date of allotment till the completion of 2nd year. It is calculated on pro-rata basis, by taking average of net asset value during the period under consideration.
(c) Third year trail commission is calculated from date of completion of two years from the date of allotment till the completion of 3rd year.It is calculated on pro-rata basis, by taking average of net asset value during the period under consideration. Third year trail commission as
applicable to the scheme is paid either perpetually till the investor stays invested in the scheme or for the specific period mentioned in the commission structure applicable to the scheme.
(d) Fourth year trail commission is calculated from date of completion of three year from the date of allotment till the completion of 4th year.It is calculated on pro-rata basis, by taking average of net asset value during the period under consideration.Fifth year trail commission as
applicable to the scheme is paid either perpetually till the investor stays invested in the scheme or for the specific period mentioned in the commission structure applicable to the scheme.
6> The commission rates are inclusive of all taxes, levies, statutory dues and service tax. If any tax is required to be deducted at source, the same will be deducted from the payment of the distributors.
7> The commission payable is based on application size. However minimum application size shall be same as stipulated for the investments in respective scheme.
8> TATA AMC may change the rates/periodicity etc of commission in case of change in regulations/Load Structure/expense ratio and any other factors which have an impact on such payments. Such Change would be applicable for remaining SIP/STP installments also.
9> Please read the latest SID and addendums thereto carefully confirm the scheme details.
10> Vide SEBI circular dated November 28th, 2002 and AMFI's subsequent circulars, intermediaries are not entitled to commission/incentive on their own investment. Commission/ incentive is not payable for investment made by sponsor(s) of TATA AMC.
11> In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various
mutual funds from amongst which the scheme is being recommended to the investor. Distributors are advised to ensure strict compliance of the same.
12> The objective of the above structure is to reward genuine investments canvassed by distributors. Any misuse of the commission/reward structure should be discouraged and commission of such distributors found involved in any malpractice may be withheld.
13> TATA AMC reserves the right to modify, withdraw or suspend the brokerage structure at any time.
3/4
LOAD STRUCTURE
Scheme Name
Entry Load
Exit Load
Tata Balanced Fund,Tata MidCap Growth Fund,Tata Equity PE Fund
NIL
1% If redeemed on or before expiry of 540 Days from the the Date of Allotment
Tata Dividend Yield Fund,Tata Equity Opportunity Fund,,Tata Ethical Fund,Tata Growing
Economies Infrast Fund, Tata Indo Global Infrastructure Fund,Tata Infrastructure
Fund,Tata Pure Equity Fund,Tata MIP Plus,Tata Monthly Income Fund
NIL
1% If redeemed on or before expiry of 365 Days from the the Date of Allotment
Nil
0.25% If Redeemed on or before expiry of 7 days from the DOA
Tata Index Fund Plan A (Sensex)
Tata Index Fund Plan A (Nifty)
< =3 yrs - 3%
Tata Young Citizen's Fund - Any time exit option (If child attains majority before / after 7
Yrs. From date of allotment)
Nil
> 3 yrs & < =7 yrs - 2%
Tata Young Citizen's Fund (Applicable for Children with less than 15 years of
age)(Compulsory Lock in Option)
Nil
Nil
Tata Young Citizen's Fund (Applicable for Children with more than 15 years of
age)(Compulsory Lock in Option)
Nil
3% if redeemed on or before expiry of 3 years from the DOA.
Nil
Nil
Tata Liquidity Management Fund
Nil
0.25% If Redeemed on or before expiry of 30 days from the DOA
Tata Floating Rate Fund (Long Term)
Tata Floater Fund
Nil
Nil
Nil
NIL
Tata Treasury Manager Fund Plan - A
Nil
Nil
Tata Gilt Mid Term Fund
Nil
Nil
Tata Gilt Short Maturity Fund
Nil
Nil
Tata Gilt Securities Fund Plan - A
Nil
0.50% of NAV if Redeemed on or before expiry of 180 days from the DOA
Tata Income Fund
Nil
1.00% If Redeemed on or before expiry of 365 days from DOA.
Tata Income Plus Fund Plan - A
Nil
1% of NAV if redeemed on or before expiry of 365 days from the date of allotment
Tata Short Term Bond Fund
Nil
0.50% of NAV if Redeemed on or before expiry of 90 days from the DOA
Tata Dynamic Bond Fund Plan - A
Nil
0.50% of NAV if Redeemed on or before expiry of 180 days from the DOA
Nil
a) If redeemed / switched-out on or after attainment of retirement age i.e. 60 years of age - Nil
b) In case of Auto switch-out of units on occurrence of “Auto-switch trigger event” – Nil
c) For Redemption or switch out of units in other cases (i.e. switch-out other than auto switchout on trigger event & redemption/switchout before the attainment of retirement age i.e. 60 years) following exit load will be applicable:
I) If redeemed / switched-out on or before expiry of 3 years from the date of allotment – 3% of the applicable NAV
II) If redeemed / switched-out after 3 years from the date of allotment – 1% of the applicable NAV
--
Exit Load Free Switch-outs*:
a) After completion of 5 years from the date of allotment, investors can avail exit load free switch from one plan to other plan for a
maximum Six (6) occasions during the tenure of investment in the Fund.
b) Switch-out before completion of 5 years from the date of allotment or switch-out to other schemes of ‘Tata Mutual Fund’ (i.e. other that
switch between the plans of Tata Retirement Savings Fund) or switch-out beyond the allowed free occasions / times (i.e. 6 times) shall
be subject to exit loads as mentioned in point (a,b & c) above.
c) Calculation of holding period – In case of switch-out (auto switch or otherwise) of units, before attainment of the retirement age, to
other plans of this fund, holding period for the purpose of exit load will be the overall holding period in “Tata Retirement Savings Fund”
(i.e. aggregate of the holding period in switch out plan as well as switch in plan).
*It may please be noted that, those investors who avail this exit load free switch-out facility are required to re-register for the auto-switch
facility form the plan to which they switch-in. However, auto-SWP facility shall remain in force and will be activated, upon attainment of
the age of 60 years, from the plan to which they switch-in.
> 7 yrs - 1%
Tata Tax Saving Fund (Compulsory Lock in of 3 years from the DOA)
Tata Liquid Fund Plan - A
Tata Money Market Fund Plan - A
Tata Retirement Savings Fund
4/4
CATEGORY I : Equity & Balanced Fund
Group A
T - 15
Upfront
1.75%
Trail 1st Year
0.00%
Trail 2nd Year
0.75%
Additional Upfront
for B - 15
1.25%
Group A : UTI Opportunities Fund, UTI Dividend Yield Fund, UTI Equity Fund, UTI Mastershare Fund, UTI Top 100 Fund, UTI Leadership Fund, UTI
Wealth Builder Fund, UTI Balanced Fund & UTI CRTS Fund
Group B
T - 15
Upfront
2.50%
Trail 1st Year
0.00%
2nd Year Trail starts
from 549th day
Onwards
0.75%
Additional Upfront
for B - 15
1.25%
Group B : UTI Mid Cap Fund, UTI India Lifestyle Fund, UTI Infrastructure Fund, UTI Banking Fund, UTI Pharma Fund, UTI Energy Fund, UTI T&L Fund, UTI
Multi Cap Fund
CATEGORY II : Equity Linked Saving Scheme (UTI - ETSP)
`
Business slab (During the
period 1st Oct to 31st
Dec'14
Upto 10 Lakhs
> 10 Lakhs <= 50 Lakhs
> 50 Lakhs
Upfront
Trail 1st to 3rd Year
4.50%
4.75%
5.00%
Nil
Nil
Nil
Perpetual trail from Additional Upfront
4th Year
for B - 15
0.50%
0.50%
0.50%
1.50%
1.50%
1.50%
CATEGORY III : UTI Nifty Index Fund
Upfront
Trail - 1st Year
Nil
0.05%
Trail 2nd Year &
Perpetual
0.05%
CATEGORY IV : Spread Fund
Upfront
0.30%
Trail starts from 7th
month Onwards
0.40%
The above structure is valid from 1st October - 31st December 2014
T-15 refers to the Top 15 Cities provided by AMFI and B -15 refers to all the cities beyond the Top 15 Cities. The list of Top 15 cities is as follows
Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur,
Lucknow, Surat, Kanpur and Chandigarh
1st Year total includes all expenses i.e. marketing expense/ 1st year trail/ additional upfront,focussed fund offer and contest if any.
UTI AMC may change the rates / periodicity etc. of commission/ trail commission in case of change in regulations / expense ratio and any other factors
which have an impact on such payments.
Please read the latest SID/s and addendums thereto carefully confirm the scheme details
In case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e. for the remaining period of exit load period) of
upfront (including addtional upfront/ incentive, if any) paid shall be recovered/clawed back/ set off from the future brokerage payments, at AMC’s sole
discretion.
For switches between schemes following would be applicable
1. Income & Liquid fund/s to Equity and Balanced fund/s: Upfront & additional upfront commission as payable on destination scheme in respect of
switchover. Trail commission as applicable to the destination fund will be payable in respect of switchover.
2. Equity & Balanced fund/s to Equity & Balanced fund/s: No upfront or additional upfront would be payable. Trail commission as applicable to the
destination fund will be payable in respect of switchover.
3.Equity & Balanced fund/s to Income & Liquid fund/s including UTI RBP, UTI ULIP, UTI CCP Balance and Advantage: Upfront & additional upfront
commission as payable on destination scheme in respect of switchover.Trail commission as applicable to the destination fund will be payable in respect
of switchover.
4. Income fund/s to Income fund/s:Upfront & additional upfront commission as payable on destination scheme in respect of switchover.Trail
commission as applicable to the destination fund will be payable in respect of switchover.
Liquid Category Funds
Schemes covered : UTI Liquid Fund Cash Plan, and UTI Money Market Fund
Application Size
Any Amount
Upfront
NIL
Trail - 1st year
0.05%
2nd year o/w Trail Perpetual
0.05%
Ultra Short Term Category Funds
Schemes covered : UTI Treasury Advantage Fund
Application Size
Any Amount
Upfront
NIL
Trail - 1st year
0.20%
2nd year o/w Trail Perpetual
0.20%
Schemes covered : UTI Floating Rate Fund
Application Size
Any Amount
Upfront
NIL
Trail - 1st year
0.60%
2nd year o/w Trail Perpetual
0.50%
UTI Banking & PSU Debt Fund
Application Size
Any Amount
Upfront
NIL
Trail - 1st year
0.20%
2nd year o/w Trail Perpetual
0.20%
Trail - 1st year
NIL
2nd year o/w Trail Perpetual
0.60%
UTI Short Term Income Fund
Application Size
Any Amount
Upfront
0.60%
UTI Dynamic Bond Fund Fund
Application Size
Any amount
Upfront
0.30%
Trail - 1st year
0.40% ^^
2nd year o/w Trail Perpetual
0.60%
Trail - 1st year
NIL
2nd year o/w Trail Perpetual
0.75%
UTI Bond Fund
Application Size
Any Amount
Upfront
1.00%
UTI Income Opportunities Fund
Application Size
Any Amount
Upfront
3.00%
Trail - 1st year
NIL
Trail starts from 37th month onwards
0.75% ^
Trail - 1st year
0.30%
2nd year o/w Trail Perpetual
0.20%
Trail - 1st year
0.50%
2nd year o/w Trail Perpetual
0.50%
Trail - 1st year
NIL
2nd year o/w Trail Perpetual
0.75%
UTI G-Sec Short Term Plan
Application Size
Any Amount
Upfront
NIL
UTI Gilt Advantage Fund
Application Size
Any Amount
Upfront
NIL
UTI Monthly Income Scheme
Application Size
Any Amount
Upfront
1.20%
UTI MIS Advantage Plan
T - 15
Application Size
Any Amount
Upfront
NIL
Trail - 1st year
1.00%
2nd year o/w Trail Perpetual
1.00%
Application Size
Any Amount
Upfront
NIL
Trail - 1st year
1.20%
2nd year o/w Trail Perpetual
1.10%
B - 15
^ Trail under UTI Income Opportunities Fund, starts from 37th month onwards
^^ Trail under UTI Dynamic Bond Fund, starts from 90th day onwards in Year 1
Please note :
1. The above rates are applicable for the period 1st October - 31st December 2014
2. The structure of commission is independently applicable to each scheme
3. Intermediaries are not entitled to commission / incentive on their own business. Commission/ incentive is not payable for investment made by sponsors of UTI
AMC.
4. The commission rates are inclusive of all taxes/ levies/statutory duties /service tax etc
5. First year trail commission is calculated from the date of the investment till the end of the first year of investment or till the investor stays invested in the scheme,
whichever is earlier and is calculated on pro-rata basis, by taking the average of net asset value during the period under consideration and on the outstanding
units.
6. Second year & onwards trail commission is calculated from date of completion of one year from the date of investment. It is calculated on pro-rata basis, by
taking average of net asset value during the period under consideration. Second year trail commission as applicable to the scheme is paid either perpetually till the
investor stays invested in the scheme or for the specific period mentioned in the commission structure applicable to the scheme
7. UTI AMC may change the rates / periodicity etc of commission in case of change in regulations / expense ratio and any other factors which have an impact on
such payments.
8. UTI AMC reserves the right to modify, withdraw or suspend the brokerage structure at any time.
9. T-15 refers to the Top 15 Cities provided by AMFI and B-15 referes to all the cities beyond the Top 15 Cities. The list of Top 15 cities is as follows Mumbai
(including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panaji, Jaipurr, Lucknow, Surat,
Kanpur and Chandigarh.
10. In case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e. for the remaining period of exit load period) of upfront
(including addtional upfront/incentive, if any) paid shall be recovered/clawed back/set off from the future brokerage payments, at AMC's sole discretion.
ARN-49707
Type of Brokerage
A
B
C
D
Brokerage Structure for the Period
01-Oct-14 till 31-Dec-14
Religare Wealth Management Limited
Slab
Upfront T15
Additional Upfront for OctDec, 2014
Total Upfront T15 ( A + B )
Kotak 50
Kotak
Classic
Equity
Kotak
Balance
I
J
K
L
Upfront T15
Trail 1st year
Trail 2nd year /3rd year
Trail 4th year onwards
Type of Brokerage
A
B
D
E
F
Trail 2nd year /3rd year
Trail 4th year onwards
Special incentive for B15
Total B15 incentive (A + E)
G
H
I
J
Upfront T15
Trail 1st year
Trail 2nd year /3rd year
Trail 4th year onwards
Type of Brokerage
B
C
D
E
F
Slab
Upfront T15
Trail 1st year
Trail 2nd year/3rd year
Trail 4th year onwards
Special incentive for B15
Total B15 incentive (A + E)
<=10 crs
>10 crs
Kotak
Multi Asset
Allocation
Fund
1.00
4.00
2.00
1.00
0.15
5.50
1.25
1.25
0.00
2.00
0.00
2.00
0.00
2.50
0.50
1.50
0.50
1.50
0.00
4.00
0.00
2.00
0.00
1.00
0.00
0.15
0.00
5.50
0.50
1.75
0.50
1.75
0.00
0.50
0.60 from
4th month
0.00
0.00
0.00
0.75
0.75
2.00
4.00
0.00
1.25
0.75
0.75
0.50
0.50
1.00
2.00
0.00
1.00
0.50
0.50
0.40
0.40
0.00
0.15
0.00
0.60
0.40
0.40
0.00
0.75
0.50
6.00
0.00
1.50
0.75
0.75
0.75
0.75
1.50
3.25
0.00
1.25
0.75
0.75
0.75
0.75
1.50
3.25
0.00
1.25
0.75
0.75
0.75
0.75
2.00
4.00
0.00
1.25
0.75
0.75
0.00
0.75
0.75
2.00
4.00
0.00
1.25
0.75
0.75
Kotak
Kotak
Income
Medium
Opportunit Term Fund
ies Fund
0.50
0.50
0.25
1.50
0.00
1.25
0.50
0.50
Slab
Kotak
Kotak Tax Monthly
Saver Fund Income
Plan
1.00
1.25
0.00
Upfront T15
Trail 1st year
C
A
>10 crs
Kotak
Arbitrage
Fund
2.50
0.00
0.50
0.50
E
Trail 2nd year /3rd year
Trail 4th year onwards
Special incentive for B15
Total B15 incentive ( C + G)
Kotak
Kotak Mid- Global
Cap
Emerging
Fund
2.00
<=10 crs
F
G
H
Kotak
Emerging
Equity
2.00
0.00
Trail 1st year
Kotak
Kotak
Opportunit Select
ies
Focus
Kotak
Asset
Allocator
Fund
0.25
2.75
0.00
NIL for 2nd
year &
0.50% for
3rd year
0.50
0.25
3.00
0.00
1.35
0.50
0.50
Kotak
Banking
and PSU
Debt Fund
0.75
0.75
2.00
4.50
0.00
1.25
0.75
0.75
Kotak Bond
Fund
0.75
0.75
1.75
3.25
0.00
1.25
0.75
0.75
0.75
0.75
1.75
3.25
0.00
1.25
0.75
0.75
0.00
1.25
0.00
0.70
0.00
1.25
1.00
0.00
0.60
0.00
0.50
0.50
0.00
0.00
0.00
1.25
0.50
0.50
0.50
0.50
0.00
0.00
0.00
0.70
0.50
0.50
0.75
0.75
0.00
0.00
0.00
1.25
0.75
0.75
0.50
0.50
0.00
1.00
0.00
1.00
0.50
0.50
0.50
0.50
0.00
0.60
0.00
0.60
0.50
0.50
Kotak
Kotak
Floater
Liquid
Long Term
Fund
Fund
Kotak
Floater
Short Term
0.00
0.00
0.00
0.00
0.15
0.20
0.03
0.03
Refer Notes
Any Amount [II] (1)
0.15
0.2
0.03
0.03
0.15
0.00
0.00
0.20
0.00
0.00
0.03
0.00
0.00
0.03
0.00
0.00
0.00
0.25
1.25
2.00
6.00
0.00
1.25
1.25
1.25
Kotak
Kotak Gilt
Kotak Gold Kotak Flexi
Bond Short Investment
Fund
Debt Fund
Term Fund s Fund
Refer Notes
[II] (1)
Refer Notes
[II] (1)
0.00
NIL for 2nd
year &
1.25% for
3rd year
TERMS AND CONDITIONS :
[I] CLAWBACK :
(1) T15 cities Brokerage, will be with applicable proportionate clawback and B15 cities Brokerage (ie special incentive) will be with
(2) Clawback will be in line with the Exit Load in each scheme
(3) Kotak Gold Fund will be with 1 year clawback
(4) Kotak Medium Term Scheme will be with 24 months clawback
[II] BROKERAGE :
The AMC at its discretion , if it believes that the upfront payable to a distributor is far in excess of the trail being currently payable to him, may pay the upfront in staggered installments over one year
(1) For Kotak Asset Allocater Fund (Trail) : Subject to your empanelment with the underlying schemes, you will receive the brokerage from them at a rate, contracted between you and the underlying scheme.
(2) Distributors are requested to adhere to the terms and conditions set forth by the SEBI Code of conduct for MF intermediaries wrt commission disclosures
(3) This brokerage structure is applicable till further notice and is subject to changes at the discretion of AMC/ Trustee.
(4) In case of any regulatory change wet expense ratio, the brokerage structure may be reviewed in the interim
(5) All Upfront Brokerages will be calculated for every calendar month and will be paid out in the following month.
(6) The AMC reserves the right not to pay upfront brokerage on assets mobilised through multiple / split applications from the same investor, where such arrangement is made with an intention to avail
upfront brokerage otherwise not available on the investment.
(7) Special Incentive B15 is over and above upfront brokerage of T15
(8) Additional Upfront paid for Equity Schemes is for the period Oct to Dec 2014
[III] BROKERAGE ON SWITCHES :
(1) Intra Scheme Switches - Switch from equity to equity OR debt to debt OR equity to debt OR debt to equity will be eligible for brokerage (upfront/trail) as per the distributor's applicable brokerage in the
scheme to which the switch has happened.
(2) Switch from Equity schemes, Multi Asset Allocation and MIP to Kotak Gold Fund will be eligible for trail brokerage as per the distributor's applicable trail brokerage in Kotak Gold Fund
(3) For scheme option change : Only trail brokerage payable. For eg: change of option from dividend payout to dividend re-investment or growth to dividend
[IV] LOAD STRUCTURE :
The load structures may change at the discretion of AMC / Trustee. The term "Within / After" in the Exit Load column is with reference to the date of allotment of units/ commencement of SIP/STP Please refer
to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer Document(s).
(1) Exit load for all Equity schemes including SIP transactions (except Kotak Equity Arbitrage and Kotak Tax Saver Scheme), Kotak Monthly Income Plan, Kotak Multi Asset Allocation Fund is 1% if exit before
1year from date of allotment, Nil if exit after 1 year from date of allotment
(2) Exit load for Kotak Emerging Equity scheme including SIP transactions is 1% if exit on or before 2 years from date of allotment, Nil if exit after 2 year from date of allotment
(3) Exit load for Kotak Equity Arbitrage - 0.50% if exit before 90 days from date of allotment. NIL if exit after 90 days from date of allotment.
(4) Exit Load is NIL for Kotak Tax Saver Scheme, Kotak Liquid Plan A, Floater Short Term, Floater Long Term, Flexi Debt Plan A, Gilt Investment and Gilt Savings schemes
(5) Exit load for Bond Short Term - 0.50% if exit before 30 days from the date of allotment. NIL if exit after 30 days from date of allotment.
(6) Exit load for Kotak Income Opportunities Fund - 2% if exit <=1yr, NIL if exit after 1 year from date of allotment
(7) Exit load for Kotak Bond Plan A - Nil Exit Load
(8) Exit load for Kotak Gold Fund - 2% if exit within 6mths, 1% after 6mths and before 1yr, NIL if exit after 1 year from date of allotment
(9) Exit load for Medium Term Scheme : On or before 18 mths from date of alltmt 2%; after 18 mths NIL
(10) Exit load for Kotak Flexi Debt Scheme - 1% if exit before 180 days from date of allotment. NIL if exit after 180 days from date of allotment.
[V] TAXES & LEVIES :
(1) The brokerage/ trail fees computed and paid to you as per the above structure is inclusive of all applicable taxes and levies, including service tax. W.e.f. 01.07.2012, the services provided by a mutual fund
agent or a distributor, to a mutual fund or asset management company is exempt from service tax vide Notification no 25 dated June 20, 2012.
SIP Brokerage Structure from 01st Oct 2014 To 31st Dec 2014
Scheme Nam
Type of Brokerage
Upfront T15( <=Rs 5000/ >1 year uptill 5 year Tenure)
All Equity Upfronting
Schemes Trail 1st year
(Except Trail 2nd Year / 3rd Year
Trail from 4th yr onwards
Kotak
Arbitrage Special incentive for B15
Fund & >Rs.5000 / > 5 year Tenure SIP Upfront
Kotak
Trail 1st year
Equity FOF)
Trail from 2nd year /3rd year
Trail from 4th yr onwards
Brokerage Rate (%)
0.75
0.40
0.75
0.75
0.75
1.50
1.25
0.75
0.75
0.75
Terms and Conditions:
[I] CLAWBACK :
(1) Any upfronting paid is subject to proportionate clawback if the SIP is Ceased / Stopped / Closed before its Maturity Date
(2) T15 cities Brokerage, will be with applicable proportionate clawback and B15 cities Brokerage (ie special incentive) will be with full Clawback to the extent of
units redeemed (except Kotak Tax Saver scheme where no clawback will be applicable)
[II] BROKERAGE :
(1) For <= 1 year SIP Tenure only applicable Upfront brokerage will be paid
(2) For B15 locations, the Special Incentive B15 is in addition to the T15 upfront brokerage
(3) The payout of “Existing SIP Structure” will be done after a gap of 30 days on a monthly basis. For example, SIP incentive calculation for the month of April,
2014 will be done in June, 2014 and paid along with May, 2014 brokerage in June, 2014
(4) Distributors are requested to adhere to the terms and conditions set forth by the SEBI Code of conduct for MF intermediaries wrt commission disclosures
(5) The AMC reserves the right to suspend the rewards if it brought to our notice that higher incentive is offered to sub-brokers or have violated the code of
conduct and / or rules / regulations laid down by SEBI and AMFI.
(6) Kotak Mahindra Asset Management Co. Ltd. Reserves the right to withdraw or suspend or modify this incentive program at any time, without giving any
reasons thereof.
(7) Only fresh SIPs in the Equity Schemes except Kotak Arbitrage and Kotak Equity FOF will be eligible.
[IV] LOAD STRUCTURE :
(1) The load structures may change at the discretion of AMC / Trustee. The term "Within / After" in the Exit Load column is with reference to the date of
allotment of units/ commencement of SIP/STP Please refer to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer
Document(s).
(2) Exit load for all Equity schemes including SIP transactions (except Kotak Equity Arbitrage and Kotak Tax Saver Scheme) is 1% if exit before 1year from date of
allotment, Nil if exit after 1 year from date of allotment
[V] TAXES & LEVIES :
The brokerage/ trail fees computed and paid to you as per the above structure is inclusive of all applicable taxes and levies, including service tax. W.e.f.
01.07.2012, the services provided by a mutual fund agent or a distributor, to a mutual fund or asset management company is exempt from service tax vide
Notification no 25 dated June 20, 2012
SIP Brokerage Structure for 1st Oct 2014 To 31st Dec 2014
Scheme Nam
Type of Brokerage
Upfront T15
Upfronting ( <=Rs 5000 and >= 36months till 60 months)
Trail 1st year
Trail 2nd Year / 3rd Year
Kotak Gold Trail from 4th yr onwards
Fund
Special incentive for B15
>Rs.5000 / < 36 months / > 60months SIP Upfront
Trail 1st year
Trail from 2nd year /3rd year
Trail from 4th yr onwards
Brokerage Rate (%)
NIL
0.20
0.40
0.40
0.40
NIL
0.20
0.40
0.40
0.40
Terms and Conditions:
[I] BROKERAGE :
(1) This brokerage structure is applicable till further notice and is subject to changes at the discretion of AMC/ Trustee.
(2) The payout of “Existing SIP Structure” will be done after a gap of 30 days on a monthly basis. For example, SIP incentive calculation for the month of April, 2014 will be
done in June, 2014 and paid along with May, 2014 brokerage in June, 2014
(3) Distributors are requested to adhere to the terms and conditions set forth by the SEBI Code of conduct for MF intermediaries wrt commission disclosures
(4) The AMC reserves the right to suspend the rewards if it brought to our notice that higher incentive is offered to sub-brokers or have violated the code of conduct and / or
rules / regulations laid down by SEBI and AMFI.
(5) Kotak Mahindra Asset Management Co. Ltd. Reserves the right to withdraw or suspend or modify this incentive program at any time, without giving any reasons thereof.
(6) Only fresh SIPs in the Gold Fund will be eligible.
[II] LOAD STRUCTURE :
(1) The load structures may change at the discretion of AMC / Trustee. The term "Within / After" in the Exit Load column is with reference to the date of allotment of units/
commencement of SIP/STP Please refer to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer Document(s).
(2) Exit load for Kotak Gold Fund - 2% if exit within 6mths, 1% after 6mths and before 1yr, NIL if exit after 1 year from date of allotment
[III] TAXES & LEVIES :
The brokerage/ trail fees computed and paid to you as per the above structure is inclusive of all applicable taxes and levies, including service tax. W.e.f. 01.07.2012, the
services provided by a mutual fund agent or a distributor, to a mutual fund or asset management company is exempt from service tax vide Notification no 25 dated June 20,
2012
Religare Wealth Management
Brokerage Structure - Oct to Dec'14
Focused Schemes - Oct to Dec 2014 (Lumpsum Investments only)
Claw Back
Category
Scheme Name
Period for
a,b,c
Reliance Vision Fund
Reliance Growth Fund
1 year
Focused
Schemes Reliance Long Term Equity Fund
Equity
Reliance Tax Saver (ELSS) Fund
3 yr lockin
Scheme Name
Focussed
Schemes - Debt Reliance Monthly Income Plan
Reliance Corporate Bond Fund
T-15
Trail paid in
advance (a)
B-15
2nd Yr. Onwards
1st Yr. Trail (p.a)
Trail (p.a)
Trail paid in
advance (b)
Annual
Retention
Incentive (c)
1.50%
1.50%
1st Yr. Trail
(p.a)
1.75%
1.75%
NIL
NIL
0.50%
0.50%
1.75%
1.75%
1.75%
NIL
1.00%
NIL
NIL
4.50%
1.50%
NIL
Trail paid in
advance (a)
1st Yr. Trail (p.a)
0.50%
0.5% (4th Yr
onwards)
4th year
onwards Trail
(p.a.)
1.75%
4.50%
Trail paid in
advance (b)
Annual
Retention
Incentive (c)
1st Yr. Trail
(p.a)
3 years
3.00%
NIL
0.65%
3.00%
1.50%
NIL
0.65%
3 years
3.00%
0.65%
3.00%
NIL
NIL
0.65%
Trail paid in
advance (b)
Annual
Retention
Incentive (c)
1st Yr. Trail
(p.a)
2nd Yr.
Onwards Trail
(p.a)
Claw Back
Period for
a,b,c
NIL
NIL
2nd Yr.
Onwards Trail
(p.a)
0.50%
0.50%
0.50%
0.5% (4th Yr
onwards)
4th year
onwards Trail
(p.a.)
Note : Pls refer Note 3 & 4 in Terms & Conditions for rate on SIP Investments
Lumpsum investments only
Scheme Name
Balanced &
Small Cap
Regular Savings Fund - Balanced
Reliance Small Cap Fund
B-15
T-15
Claw Back
Period for
a,b,c
Trail paid in
advance (a)
1 yr
1.75%
NIL
0.50%
1.75%
1.00%
NIL
0.50%
2 years
2.50%
NIL
0.5%(3rd yr
onwards)
2.50%
1.00%
NIL
0.5%(3rd yr
onwards)
Lumpsum & SIP
2nd Yr. Onwards
1st Yr. Trail (p.a)
Trail (p.a)
T-15
B-15
Category
Scheme Name
Claw Back
Period for
a,b,c
Trail paid in
advance (a)
1st Yr. Trail (p.a)
2nd Yr. Onwards
Trail (p.a)
Trail paid in
advance (b)
Equity
Reliance Media & Entertainment Fund
Reliance Pharma Fund,
Reliance Equity Opportunities fund,
Reliance Banking Fund,
1 yr
1.75%
1.75%
2.25%
2.00%
NIL
NIL
NIL
NIL
0.50%
0.50%
0.50%
0.50%
1.75%
1.75%
2.25%
2.00%
Annual
Retention
Incentive (c)
1.50%
1.50%
1.50%
1.50%
NIL
NIL
NIL
NIL
2nd Yr.
Onwards Trail
(p.a)
0.50%
0.50%
0.50%
0.50%
Other Equity
Reliance NRI Equity Fund, Focussed
Large Cap Fund, Quant Plus,
Reliance Banking Fund, Diversified
Power, Reliance Top 200 Fund,
Reliance Regular Savings Fund Equity, Japan Equity Fund
1 yr
0.75%
0.75%
0.50%
0.75%
1.50%
0.75%
0.50%
Category
Scheme Name
Claw Back
Period for
a,b,c
Trail paid in
advance (a)
Trail paid in
advance (b)
Annual
Retention
Incentive (c)
1st Yr. Trail
(p.a)
2nd Yr.
Onwards Trail
(p.a)
Index Fund - Sensex Plan & Nifty
Plan*
No Claw back
NIL
0.60%
NIL
Arbitrage Fund
3 months
Clawback
0.15%
0.40%(4th month
onwards)
NIL
0.60%
0.50%
NIL
0.40%(4th month
onwards)
0.50%
T-15
Equity
1st Yr. Trail
(p.a)
B-15
2nd Yr. Onwards
1st Yr. Trail (p.a)
Trail (p.a)
0.50%
0.50%
0.15%
* Exit load has been revised to 7 days
Only Lumpsum
Category
FOF
T-15
Scheme Name
Reliance Gold Saving Fund
Claw Back
Period for
a,b,c
1 yr
Trail paid in
advance (a)
0.75%
B-15
2nd Yr. Onwards
1st Yr. Trail (p.a)
Trail (p.a)
NIL
0.35%
Trail paid in
advance (b)
0.75%
Annual
Retention
Incentive (c)
NIL
T-15
Category
Scheme Name
Income Fund
Debt
Claw Back
Period for
Trail paid in
advance (a)
1st Yr. Trail (p.a)
Ultra Short Term
2nd Yr. Onwards
Trail (p.a)
Trail paid in
advance (b)
No Claw back
NIL
0.90%
0.50%
NIL
Regular Savings Fund - Debt
1 year
1.20%
NIL
0.65%
1.20%
Reliance Gilt Securities Fund
No Claw back
NIL
1.00%
1.00%
NIL
Reliance Dynamic Bond Fund
1 year
1.25%
NIL
0.45%(4th Mnth
onwards)
0.4%(4th Mnth
onwards)
0.40%
1.25%
0.45%
0.20%
0.35%
0.10%
Liquid Funds
Annual
Retention
NIL
NIL
NIL
NIL
Short Term Fund
3 months
0.20%
Floating Rate Fund - Short Term Plan
3 months
0.10%
Scheme Name
Claw Back
Period for
a,b,c
Trail paid in
advance (a)
1st Yr. Trail (p.a)
2nd Yr. Onwards
Trail (p.a)
Trail paid in
advance (b)
1st Yr. Trail
(p.a)
No Claw back
NIL
NIL
NIL
NIL
NIL
0.35%
0.15%
0.05%
0.75%
0.05%
0.25%
0.10%
0.05%
0.50%
0.05%
NIL
NIL
NIL
NIL
NIL
0.35%
0.15%
0.05%
0.75%
0.05%
Reliance Money Manager Fund
Medium Term
Liquidity Fund
Liquid Fund - Cash Plan
Liquid Fund - Treasury Plan
Please refer annexure for details terms & conditions
1st Yr. Trail
(p.a)
2nd Yr.
Onwards Trail
B-15
T-15
Category
NIL
2nd Yr.
Onwards Trail
(p.a)
0.35%
1st Yr. Trail
(p.a)
NIL
NIL
0.90%
0.50%
NIL
0.65%
1.00%
1.00%
NIL
0.45%(4th Mnth
onwards)
0.4%(4th Mnth
onwards)
0.40%
B-15
2nd Yr.
Onwards Trail
(p.a)
0.25%
0.10%
0.05%
0.50%
0.05%
0.45%
0.35%
Annexure A- Brokerage Terms & Conditions
1.
2.
3.
4.
5.
st
The attached brokerage structure is applicable for the period 1st Oct, 2014 to 31 Dec, 2014. However,
Reliance Capital Asset Management Ltd. reserves the right to change the Brokerage Rates applicable –
Distribution Incentive / Trail in the intermittent period in case of Regulatory Changes / Change in Industry
practices in respect to payment of Brokerage on Funds.
T-15 refers to the Top 15 cities provided by AMFI & B-15 cities, refers to all the cities beyond the Top 15 cities.
Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai
( including Thane & Navi Mumbai ), New Delhi ( Including NCR ), Panjim, Pune and Surat. Any Investments
from above mentioned Cities / Pin code categories will be eligible for brokerage payment as per T-15
brokerage structure. In addition to above mentioned Top 15 cities, the NRI investments will also be
considered as T-15 investments for the purpose of brokerage payment.
Focused Schemes(Vision, Growth, LTEF, Tax Saver, RRSF – Bal & Small Cap):
o Lump sum Investments – The rate defined in the structure would be applicable for lumpsum
investments only.
o SIP Investments – The rate defined in the structure for “Other Equity” Schemes would be
applicable for SIP Investments in Focused schemes
Other Equity Schemes (Non – Focused)
o Lump sum & SIP Investments – The rate defined in the structure for “Other Equity” Schemes
would be applicable for Lump sum and SIP Investments
Recovery :
Complete Redemption: In case the investment is redeemed within the Claw back period, as applicable in
the respective scheme
a. The Distribution Incentive (a, b) will be proportionately recovered / clawed back from the future
Brokerage payments of the Distributor
b. The Annual Retention Incentive(c) will be completely recovered / clawed back from the future
Brokerage payments of the Distributor
Partial Redemption: In case the investment is partially redeemed within the Claw back period, as
applicable in the respective scheme
c. The Distribution Incentive (a, b) will be proportionately recovered / clawed back from the future
Brokerage payments of the Distributor to the extent of the amount redeemed
d. The Annual Retention Incentive(c) will be completely recovered / clawed back from the future
Brokerage payments of the Distributor to the extent of the amount redeemed
6. Please read the latest SID and addendums thereto carefully confirm the scheme-details
7. Brokerage For Close-ended schemes will be as communicated by the AMC separately
8. For SIP and SIP +Insure applications respective scheme commission structure will be applicable.
9. Direct Plan (Lump sum & SIP Investments):
i) For Investments and Switches in Direct Plan w. e .f 01st Jan, 2013, no Brokerage (Distribution Incentive,
Additional Distribution Incentive, Annual Retention Incentive and Trail) would be paid.
ii) Switches from Existing Plans into Direct Plan will be subject to proportionate or complete claw back as
per the claw back period of the scheme.
10. For switches between the below Scheme / Scheme Categories, the below structure would be applicable
a) Distribution Incentive / Additional Distribution Incentive (including Annual Retention Incentive) would
be applicable for Switches from all schemes as mentioned below
Switch Out
Asset Class /
Scheme
Equity
Debt
Gold
Switch In Asset Class / Scheme
Equity
Yes
Yes
Yes
Debt
Yes
Yes
Yes
Gold
Yes
Yes
NA
Ultra Short Term
NA
NA
NA
Liquid
NA
NA
NA
Ultra Short Term
Liquid
•
11.
12.
13.
14.
Yes
Yes
Yes
Yes
Yes
Yes
NA
NA
NA
NA
Distribution Incentive / Additional Distribution Incentive / Annual Retention Incentive will not be
applicable for Switches within the same scheme (including normal and Direct plans)
The brokerage will be paid on the basis of the Pin code of the Investor for investments
There will be no additional tie-up in any of the above mentioned schemes during the Quarter.
AMC reserves the right to make prospective changes to the structure including trail on existing assets. In
the event of unavoidable reduction in expenses due to regulatory / other reasons, the perpetual trail may
undergo change
In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30,
2009 the distributors should disclose all the commissions (In the form of trail commission or any other
mode) payable to them for the different competing scheme of various mutual fund from amongst which
the scheme is being recommended to the investors. Please ensure compliance