In accordance with the extant regulations (SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09 dated June 30,2009
and RBI guidelines on Distribution of Mutual Fund Products contain in NBFC-ND-SI Master Direction dated September 01,2016.
Following are the details of the comparative commission earned by Aditya Birla Finance Limited from various fund-houses, whose products are being distributed:
Transaction Charges
With effect from October 1, 2013, Aditya Birla Finance Limited has Opted
Out of transaction charges for
all Mutual Fund schemes as per the SEBI circular no. Cir/ IMD/ DF/13/ 2011, dated August 22, 2011. Hence no transaction charges will be levied on purchases
of any Mutual Fund products. Consequently, the respective Asset Management Companies
(AMCs) will issue Mutual Fund units equivalent to the full subscription amount to
the investors.
The above changes will be effective for both online and offline transactions initiated
on or after October 1, 2013.
Mutual Funds Important Information
1) Mutual Fund investments are subject to market risk. Please read the offer document
carefully before investing. Please also take note of risks highlighted about the
product in the offer document and due caution should be exercised (including if
necessary, obtaining of advise of tax/ legal/ accounting/ financial/ other professionals)
prior to taking any decision, acting or omitting, to act on the basis of the information
contained therein.
2) Aditya Birla Finance Limited is acting merely as a distributor of third parties
for mutual funds and any investment in such third party products/services shall
constitute a contract between the investor and the third party. Aditya Birla Finance
Limited shall not be liable or responsible for any loss resulting from third party's
products/services. The products, services and benefits referred to herein are subject
to the terms and conditions governing them as specified by Aditya Birla Finance
Limited / third party from time to time.
3) Aditya Birla Finance Limited is distributor of Mutual funds, the transactions
are done on "Execution only".
4) Please note that in respect of purchase of units of mutual fund schemes (other
than liquid schemes), the closing NAV of the day on which the funds are available
for utilisation shall be applicable for application amount equal to or more than
Rs 2 Lacs , irrespective of the time of receipt of such application. In case of
other investment also Investors should note that they will receive NAV of the day
when application form reaches registrar/ AMC.
5) Investor shall be responsible to ensure that the mutual fund application form
is complete and all details as required are duly filled in. Aditya Birla Finance
Limited is not liable for any consequence in case any of the particulars provided
are false, incorrect or incomplete.
6) In the event investor gives direct instruction to the AMC or their agents, Aditya
Birla Finance Limited may not be held/responsible in this regard for any reason
whatsoever.