What is the commission paid to the distributor?
As per SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09, following are the details of the comparative commission earned by Safe Assets from various fund-houses, whose products are being distributed:
| Commission, Brokerage and trail from Mutual funds | Top 30 cities | Beyond 30 cities | |||
|---|---|---|---|---|---|
| Fund Schemes | Trail | Trail | |||
| Equity Schemes | |||||
| Equity Funds | 0.35% to 1.90% | 0.35% to 3.35% | |||
| ELSS Funds | 1.00% to 1.95% | 1.50% to 3.25% | |||
| Hybrid Schemes | |||||
| Asset Allocation Funds | 0.10% to 1.50% | 0.10% to 3.40% | |||
| Arbitrage Funds | 0.35% to 0.75% | 0.35% to 0.75% | |||
| Hybrid Funds | 0.75% to 1.85% | 0.75% to 3.25% | |||
| Debt Schemes | |||||
| Gilt Funds | 0.20% to 1.15% | 0.20% to 2.65% | |||
| Income & Bond Funds | 0.15% to 1.60% | 0.15% to 1.60% | |||
| Short Term Funds | 0.05% to 1.25% | 0.05% to 1.25% | |||
| Liquid & Floating Rate | 0.02% to 0.60% | 0.02% to 0.60% | |||
| Other Schemes | |||||
| Index Funds | 0.04% to 0.50% | 0.04% to 0.50% | |||
This is on a best effort basis and rates are updated as and when actual rates are received from AMCs.
Safe Assets could also get reimbursements towards promotion and marketing related activities conducted by Safe Assets on behalf of AMCs. These reimbursements are event based and the same may or may not be received from .
AMCs in a particular period. Further, since such activities may be carried out at AMC level, reimbursement amount received cannot be attributed to any specific scheme being offered by such AMC.
Details of Scheme level commission on Mutual funds are available with the Relationship Managers and would be produced on demand.
Note : With effect from 1st November 2011, PIFCON Services LLP has “opted-out” for transaction charge as per the SEBI circular no. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011.