Aditya Birla

Commission Disclosure

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:

Commission Disclosure (September 2019)
City Category T-30 Cities B-30 Cities
Fund Schemes Trail Trail
Equity Schemes
Equity 0.35% to 1.80% 0.10% to 1.75%
ELSS 0.50% to 1.75% 1.00% to 1.75%
Hybrid Schemes
Hybrid Fund 0.50% to 1.75% 0.25% to 1.75%
Arbitrage Fund 0.25% to 0.75% 0.00% to 0.00%
Asset Allocation Fund 0.85% to 1.70% 1.00% to 1.75%
Debt & Liquid Schemes
Low/Medium/Long Duration Fund 0.10% to 1.20% 0.00% to 1.75%
Bond Funds 0.05% to 1.19% 0.00% to 1.00%
Gilt Fund 0.10% to 1.30% 0.10% to 1.75%
Liquid/Overnight/ Money Market Fund 0.02% to 0.60% 0.00% to 0.10%
Floater Fund 0.15% to 1.00% 0.00% to 0.00%
Solution Oriented Schemes
Retirement Fund 0.85% to 1.70% 1.00% to 1.50%
Children’s Fund 0.95% to 1.30% 1.25% to 1.50%
Other Schemes
Index Funds/ ETFs 0.01% to 0.75% 0.00% to 0.00%
FoFs (Overseas/ Domestic) 0.05% to 1.40% 1.50% to 1.75%

 

The above mentioned rates are subject to change without any prior consent and at a discretion and agreement between Aditya Birla Finance Limited and the respective AMCs.

Aditya Birla Finance Limited also distributes mutual fund schemes of Aditya Birla Sun Life AMC Limited, which is a Group Company.

Aditya Birla Finance Limited also gets the reimbursements from AMCs towards promotion and marketing related activities if any conducted by Aditya Birla Finance Limited on behalf of AMCs. However, these reimbursements are event /activity 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 AMCs.

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.

 

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