Mutual Funds - Commission Structure

January 2022 onwards

This document includes details of trail commissions which the Bank receives, as a distributor
of mutual funds, from the following Asset Management Companies (AMCs):

• Birla Sun Life Asset Management Company Ltd.

• Franklin Templeton Asset Management Company Ltd.

• HDFC Asset Management Company Ltd.

• DSP Investment Managers

• HSBC Asset Management Company Ltd.

• IDFC Mutual Fund

• ICICI Prudential Asset Management Company Ltd.

• L&T Mutual Fund

• Axis Asset Management Company Ltd

• Invesco Mutual Fund

• Nippon India Asset Management Company

• Kotak Asset Management Company

• UTI Mutual Fund

• Mirae Asset Mutual Fund

• SBI Mutual Fund

Birla Sun Life Asset Management Company Ltd.

Structure effective 1st Feb 2022_HSBC BANK Total Brokerage (%) inclusive of all taxes
B30
Trail 2nd year onwards
Category Scheme Name Trail 1st year (%) Special Trail
(%)
Incentive# (%)
Equity & Hybrid
Multicap ABSL Multicap Fund 1.20 1.20 0.75
Balanced Advantage ABSL Balanced Advantage Fund 1.10 1.10 1.25
Flexi Cap ABSL Flexi Cap Fund 1.00 1.00 1.50
Large Cap ABSL Frontline Equity Fund 0.95 0.95 1.50
Aggressive Hybrid ABSL Equity Hybrid '95 Fund 1.00 1.00 1.50
FoF-Domestic ABSL Asset Allocator FoF 1.20 1.20 1.00
FoF- International ABSL NASDAQ 100 FoF 0.40 0.40 0.00
FoF-International ABSL Global Emerging Opportunities Fund 0.80 0.80 0.00
FoF-International ABSL Global Excellence Equity FoF 0.80 0.80 0.00
Large & Midcap ABSL Equity Advantage Fund 0.95 0.95 1.50
Midcap ABSL MidCap Fund 1.10 1.10 1.50
Small Cap ABSL Small Cap Fund 1.10 1.10 1.50
Focussed ABSL Focused Equity Fund 1.00 1.00 1.50
Arbitrage ABSL Arbitrage Fund 0.55 0.55 0.00
ELSS ABSL Tax Relief '96 0.90 0.90 1.50
Value ABSL Pure Value Fund 1.00 1.00 1.50
Sectoral ABSL Banking and Financial Services Fund 1.10 1.10 1.50
Sectoral ABSL Life Pharma & Healthcare Fund 1.25 1.25 1.50
Sectoral ABSL Infrastructure Fund 1.30 1.30 1.50
Solution Based ABSL Retirement Fund - 30S Plan 1.25 1.25 1.50
Solution Based ABSL Retirement Fund - 40S Plan 1.25 1.25 1.50
Solution Based ABSL Retirement Fund - 50S Plan 1.05 1.05 1.50
Solution Based ABSL Retirement Fund - 50Plus Plan 1.15 1.15 1.50
Solution Based ABSL Bal Bhavishya Yojna 1.25 1.25 1.50
Thematic ABSL Business Cycle Fund 1.05 1.05 1.00
Thematic ABSL Digital India Fund 1.10 1.10 0.75
Thematic ABSL MNC Fund 1.00 1.00 1.50
Thematic ABSL ESG Fund 1.10 1.10 1.50
Thematic ABSL Special Opportunities Fund 1.10 1.10 1.50
Thematic ABSL Manufacturing Equity Fund 1.25 1.25 1.50
Thematic ABSL India Gennext Fund 1.10 1.10 1.50
Thematic ABSL PSU Equity Fund 1.25 1.25 1.50
Thematic ABSL International Equity Fund - Plan A 1.10 1.10 1.50
Thematic ABSL International Equity Fund - Plan B 1.20 1.20 1.50
Thematic ABSL Commodity Equities Fund - Global Agri Plan 0.80 0.80 0.00
Equity Savings ABSL Equity Savings Fund 1.30 1.30 1.50
Conservative Hybrid ABSL Regular Savings Fund 1.10 1.10 1.50
Dividend Yield ABSL Dividend Yield Fund 1.20 1.20 1.50
FoF-Domestic ABSL Financial Planning FoF - Aggressive Plan 0.55 0.55 1.25
FoF-Domestic ABSL Financial Planning FoF - Moderate Plan 0.45 0.45 0.00
FoF-Domestic ABSL Financial Planning FoF - Conservative Plan 0.30 0.30 0.00
FoF-Domestic ABSL Active Debt Multi Manager Fof Scheme 0.35 0.35 0.00
FoF ABSL Silver ETF FOF 0.55 0.55 0.00
Gold ABSL Gold Fund 0.35 0.35 0.00
Index ABSL Nifty Midcap 150 Index Fund 0.60 0.60 0.00
Index ABSL Nifty Smallcap 50 Index Fund 0.60 0.60 0.00
Index ABSL Nifty 50 Equal Weight Index Fund 0.60 0.60 0.00
Index ABSL Index Fund 0.25 0.25 0.00
Debt
Liquid ABSL Liquid Fund 0.10 0.10 0.00
Overnight ABSL Overnight Fund 0.10 0.10 0.00
Low Duration ABSL Low Duration Fund 0.80 0.80 0.00
Money Market ABSL Money Manager Fund 0.10 0.10 0.00
Ultra Short Duration ABSL Savings Fund 0.10 0.10 0.00
Floater ABSL Floating Rate Fund 0.30 0.30 0.00
Debt Index ABSL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund 0.15 0.15 0.00
Debt Index ABSL Nifty SDL Apr 2027 Index Fund 0.15 0.15 0.00
Corporate Bond ABSL Corporate Bond Fund 0.20 0.20 0.00
Banking & PSU Debt ABSL Banking & PSU Debt Fund 0.35 0.35 0.00
Short Duration ABSL Short Term Fund 0.60 0.60 0.25
Dynamic Bond ABSL Dynamic Bond Fund 0.90 0.90 1.00
Medium Duration ABSL Medium Term Plan 0.85 0.85 0.00
Credit Risk ABSL Credit Risk Fund 1.10 1.10 1.50
Medium to Long Term ABSL Income Fund 0.40 0.40 0.00
Gilt ABSL Government Securities Fund 0.50 0.50 0.00

Refer attached Notes and T&C for more details

 Notes
load Structure*: Please refer OD/SID/KIM/Factsheet/ Addendums for update details.

T30 & B30 Locations: As per AMFI guidelines

B30 Special Incentive # :

Pursuant to the SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2018/137, dated 22nd Oct 2018, B30 incentive shall be paid on trail basis for 'Retail investor' from B30 locations for 1st year
only. As per SEBI circular dated March 25, 2019, inflows of amount upto Rs 2,00,000, by individual investors shall be considered as inflows from “retail investor”. B-30 special incentives
will be paid only for Individual investor post clubbing all the investment received in same day under same PAN for same scheme. The B30 incentive shall be completely clawed back in
case the investment is redeemed / Systematically Transferred /Switched out to another scheme / Switched out to the Direct Plan within 1year of investment. The B30 clawback applies
even for the exit load free period (within the applicable clawback period of 1 year). B30 Incentive will be completely recovered / clawed back from the future brokerage payments.
All NRI Transactions (i.e. where Tax Status code is NRIs/OCI/PIO/FIIs/QFIs) shall be tagged as T30.

Terms and conditions

Aditya Birla Sun Life AMC Limited Reserves the right to change/modify/discontinue/withhold the rates and slabs mentioned at its sole discretion without any prior intimation or
Franklin Templeton Asset Management Company Ltd.
HDFC Asset Management Company Ltd.

COMMISSION STRUCTURE - 01 January, 2022 to 31 March, 2022

ARN-0022 (Hongkong & Shanghai Banking Corporation Ltd)

Trail Year 1 Onwards - Additional Commission

Scheme Name Category Exit Load Period T30 & B30 T30 Cities - 3 years pricing B30 Cities B30 Cities - 3 years pricing
APM (p.a) Trail Yr 1 - APM (p.a.) #
HDFC Asset Allocator Fund of Funds FOF 12 Months 1.10% 3.30% - 3.30%
HDFC Developed World Indexes Fund of Funds FOF 1 Month 0.40% 1.20% - 1.20%
Equity Schemes:
HDFC Flexi Cap Fund Flexi Cap Fund 12 Months 1.00% 3.00% 1.50% 4.50%
HDFC Multi Cap Fund Multi Cap Fund 12 Months 1.10% 3.30% - 3.30%
HDFC Top 100 Fund Large Cap Fund 12 Months 1.05% 3.15% 1.50% 4.65%
HDFC Large and Mid cap Fund Large & Mid Cap Fund 12 Months 1.05% 3.15% 1.50% 4.65%
HDFC Mid Cap Opportunities Fund Mid Cap Fund 12 Months 1.00% 3.00% 1.50% 4.50%
HDFC Small Cap Fund Small Cap Fund 12 Months 1.10% 3.30% 1.50% 4.80%
HDFC Dividend Yield Fund Dividend Yield Fund 12 Months 1.20% 3.60% 1.50% 5.10%
HDFC Capital Builder Value Fund Value Fund 12 Months 1.00% 3.00% 1.50% 4.50%
HDFC Focused 30 Fund Focused Fund 12 Months 1.35% 4.05% 1.50% 5.55%
HDFC Infrastructure Fund Sectoral / Thematic Fund 12 Months 1.00% 3.00% 1.50% 4.50%
HDFC Housing Opportunities Fund Sectoral / Thematic Fund 12 Months 1.20% 3.60% 1.50% 5.10%
HDFC Banking and Financial Services Fund Sectoral / Thematic Fund 12 Months 1.20% 3.60% - 3.60%
HDFC Tax Saver Fund ELSS 3 Years lock-in 0.90% 2.70% 1.50% 4.20%
Hybrid Schemes:
HDFC Hybrid Debt Fund Conservative Hybrid Fund 12 Months 0.85% 2.55% 1.50% 4.05%
HDFC Hybrid Equity Fund Aggressive Hybrid Fund 12 Months 0.90% 2.70% 1.50% 4.20%
HDFC Balanced Advantage Fund Balanced Advantage Fund 12 Months 0.95% 2.85% 1.50% 4.35%
HDFC Multi-Asset Fund Multi Asset Allocation 12 Months 1.00% 3.00% 1.50% 4.50%
HDFC Arbitrage Fund Arbitrage Fund 1 Month 0.50% 1.50% - 1.50%
HDFC Equity Savings Fund Equity Savings Fund 12 Months 1.00% 3.00% 1.50% 4.50%
Solution Oriented Schemes:
HDFC Retirement Savings Fund Retirement Fund $ 1.25% 3.75% 1.50% 5.25%
HDFC Children's Gift Fund Children’s Fund $$ 1.00% 3.00% 1.50% 4.50%
Other Schemes:
HDFC Index Fund - NIFTY 50 Plan 3 days 0.15% 0.45% - 0.45%
HDFC Index Fund – Sensex Plan 3 days 0.15% 0.45% - 0.45%
Index
HDFC Nifty Next 50 Index Fund NIL 0.30% 0.90% - 0.90%
HDFC Nifty50 Equal Weight Index Fund NIL 0.40% 1.20% - 1.20%
HDFC Dynamic PE Ratio Fund of Funds 12 Months 0.90% 2.70% - 2.70%
FOF
HDFC Gold Fund 12 Months 0.30% 0.90% - 0.90%
Debt Schemes:
HDFC Overnight Fund Overnight Fund NIL 0.05% 0.15% - 0.15%
HDFC Liquid Fund Liquid Fund 7 days 0.05% 0.15% - 0.15%
HDFC Ultra Short Term Fund Ultra Short Duration Fund NIL 0.30% 0.90% - 0.90%
HDFC Low Duration Fund Low Duration Fund NIL 0.60% 1.80% - 1.80%
HDFC Money Market Fund Money Market Fund NIL 0.15% 0.45% - 0.45%
HDFC Short Term Debt Fund Short Duration Fund NIL 0.50% 1.50% - 1.50%
HDFC Medium Term Debt Fund Medium Duration Fund NIL 0.70% 2.10% - 2.10%
HDFC Income Fund Medium to Long Duration Fund 1 Month 1.00% 3.00% 1.00% 4.00%
HDFC Dynamic Debt Fund Dynamic Bond Fund 6 Months 0.80% 2.40% 1.00% 3.40%
HDFC Corporate Bond Fund Corporate Bond Fund NIL 0.35% 1.05% - 1.05%
HDFC Credit Risk Debt Fund Credit Risk Fund 18 Months 0.90% 2.70% 1.00% 3.70%
HDFC Banking and PSU Debt Fund Banking and PSU Fund NIL 0.40% 1.20% - 1.20%
HDFC Gilt Fund Gilt Fund NIL 0.50% 1.50% - 1.50%
HDFC Floating Rate Debt Fund Floater Fund NIL 0.25% 0.75% - 0.75%

APM - Annualised Payable Monthly

$' Lock-in is from the date of investment till the retirement age of investor (i.e. completion of 60 years) or at the end of 5 years from date of investment, whichever is earlier
$$' Lock-in is from the date of investment till the child attains age of 18 years or at the end of 5 years from date of investment, whichever is earlier
#' The additional commission for B-30 cities shall be paid as trail only on investment amount (applicable for individual investors only). In case the investment is redeemed within 12 months, the additional trail commission paid shall be recovered/clawed back/set off fully from the future brokerage
payments, at AMC’s sole discretion. The inflows of amount upto Rs. 2,00,000/- per transaction, by individual investors shall be eligible for additional commission for mobilisation from B30 cities.

For general terms and conditions, please refer to the next page
* Brokerage Structures are subject to the terms of empanelment and applicable laws and regulations, including SEBI (Mutual Fund) Regulations, AMFI Regulations, laws relating to Goods and Services Tax, Income Tax, SEBI/AMFI circulars etc.
* AMC reserves the right to change the brokerage/incentive without any prior intimation or notification at its sole discretion, and the Distributors shall not dispute the same. AMC shall not be responsible for any losses incurred due to changes in the brokerage/incentive structure.
* Refer KIM for minimum application amount
* The classification of cities for T-30 & B30 is as advised by AMFI and is subject to revision, if any.
* The commission computed and paid to the distributor shall be inclusive of Goods and Service Tax and other relevant statutory/regulatory levies as applicable.
* You are advised to abide by the code of conduct and/or rules/regulations laid down by SEBI and AMFI.
* 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 and/or under the applicable law.
DSP Investment Managers
DSP Mutual Fund
Brokerage Period: From To
01st Jan 2021 31st Dec 2021
Distributor: HSBCQN, HSBCWEB, HSBCCIS, HSBC, ARN-0022 HSBC
Transaction Types: Lump Sum Purchases; Switch Ins, SIP/STP

Trail Brokerage for Trail Brokerage Trail Brokerage

Type of Brokerage B 30
: T 30 & B 30 for: T 30 for: B 30
Special
Location Incentive- Trail Total Total Total Total
(%p.a.) 1st Year 4
Year 1 Year 2 Year 3 1 Yr 3 Yr 1 Yr 3 Yr
Transaction Limit (Rs) Year onwards
Payout Payout Payout Payout
Hybrid
DSP Equity & Bond Fund 1.50% 1.05% 1.05% 1.05% 1.05% 1.05% 3.15% 2.55% 4.65%
DSP Equity Savings Fund 1.50% 1.20% 1.20% 1.20% 1.20% 1.20% 3.60% 2.70% 5.10%
DSP Regular Savings Fund Fund 1.75% 1.30% 1.30% 1.30% 1.30% 1.30% 3.90% 3.05% 5.65%
DSP Dynamic Asset Allocation Fund 1.50% 1.20% 1.20% 1.20% 1.20% 1.20% 3.60% 2.70% 5.10%
Equity
DSP Equity Opportunities Fund 1.50% 1.00% 1.00% 1.00% 1.00% 1.00% 3.00% 2.50% 4.50%
DSP Focus Fund 1.75% 1.10% 1.10% 1.10% 1.10% 1.10% 3.30% 2.85% 5.05%
DSP Equity Fund 1.75% 1.10% 1.10% 1.10% 1.10% 1.10% 3.30% 2.85% 5.05%
DSP Top 100 Equity Fund 1.75% 1.10% 1.10% 1.10% 1.10% 1.10% 3.30% 2.85% 5.05%
DSP India TIGER Fund 1.75% 1.20% 1.20% 1.20% 1.20% 1.20% 3.60% 2.95% 5.35%
DSP Mid Cap Fund 1.75% 1.00% 1.00% 1.00% 1.00% 1.00% 3.00% 2.75% 4.75%
DSP Small Cap Fund 1.75% 1.00% 1.00% 1.00% 1.00% 1.00% 3.00% 2.75% 4.75%
DSP NRNE Fund 1.50% 1.35% 1.35% 1.35% 1.35% 1.35% 4.05% 2.85% 5.55%
DSP Healthcare Fund 0.75% 1.20% 1.20% 1.20% 1.20% 1.20% 3.60% 1.95% 4.35%
DSP Quant Fund 0.00% 0.70% 0.70% 0.70% 0.70% 0.70% 2.10% 0.70% 2.10%
DSP Value Fund 0.00% 0.75% 0.75% 0.75% 0.75% 0.75% 2.25% 0.75% 2.25%
Index Fund
DSP Equal Nifty 50 Fund 0.00% 0.45% 0.45% 0.45% 0.45% 0.45% 1.35% 0.45% 1.35%
DSP Nifty 50 Index Fund 0.00% 0.20% 0.20% 0.20% 0.20% 0.20% 0.60% 0.20% 0.60%
DSP Nifty Next 50 Index Fund 0.00% 0.30% 0.30% 0.30% 0.30% 0.30% 0.90% 0.30% 0.90%
ELSS (Section 80 C)
DSP Tax Saver Fund 1.75% 1.00% 1.00% 1.00% 1.00% 1.00% 3.00% 2.75% 4.75%
Fund Of Fund - International
DSP Global Allocation Fund 0.75% 0.70% 0.70% 0.70% 0.70% 0.70% 2.10% 1.45% 3.55%
DSP US Flexible Equity Fund 1.50% 0.90% 0.90% 0.90% 0.90% 0.90% 2.70% 2.40% 5.10%
DSP World Agriculture Fund 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 2.25% 1.50% 3.75%
DSP World Gold Fund 1.00% 0.75% 0.75% 0.75% 0.75% 0.75% 2.25% 1.75% 4.00%
DSP World Mining Fund 0.75% 0.70% 0.70% 0.70% 0.70% 0.70% 2.10% 1.45% 3.55%
DSP World Energy Fund 0.75% 0.70% 0.70% 0.70% 0.70% 0.70% 2.10% 1.45% 3.55%
Arbitrage Fund
DSP Arbitrage Fund 0.00% 0.55% 0.55% 0.55% 0.55% 0.55% 1.65% 0.55% 1.65%
Fixed Income Schemes
DSP Bond Fund 0.00% 0.40% 0.40% 0.40% 0.40% 0.40% 1.20% 0.40% 1.20%
DSP Credit Risk Fund 1.50% 0.70% 0.70% 0.70% 0.70% 0.70% 2.10% 2.20% 3.60%
DSP Banking and PSU Debt Fund 0.00% 0.25% 0.25% 0.25% 0.25% 0.25% 0.75% 0.25% 0.75%
DSP Short Term Fund 0.00% 0.65% 0.65% 0.65% 0.65% 0.65% 1.95% 0.65% 1.95%
DSP Strategic Bond Fund 0.00% 0.65% 0.65% 0.65% 0.65% 0.65% 1.95% 0.65% 1.95%
DSP Government Securities Fund 0.00% 0.50% 0.50% 0.50% 0.50% 0.50% 1.50% 0.50% 1.50%
DSP 10Y G-Sec Fund 0.00% 0.20% 0.20% 0.20% 0.20% 0.20% 0.60% 0.20% 0.60%
DSP Ultra Short Fund 0.00% 0.70% 0.70% 0.70% 0.70% 0.70% 2.10% 0.70% 2.10%
DSP Low Duration Fund 0.00% 0.25% 0.25% 0.25% 0.25% 0.25% 0.75% 0.25% 0.75%
DSP Liquidity Fund 0.00% 0.05% 0.05% 0.05% 0.05% 0.05% 0.15% 0.05% 0.15%
DSP Savings fund 0.00% 0.20% 0.20% 0.20% 0.20% 0.20% 0.60% 0.20% 0.60%
DSP Overnight Fund 0.00% 0.05% 0.05% 0.05% 0.05% 0.05% 0.15% 0.05% 0.15%
DSP Corporate Bond Fund 0.00% 0.25% 0.25% 0.25% 0.25% 0.25% 0.75% 0.25% 0.75%

Page 1 of 3
Schemes Exit Load
All Equity & DSP FOF's (Overseas) Holding period from date of allotment: <12 months - 1%; >=12 months - Nil

• Nil If the units redeemed or switched-out are upto 10% of the units purchased or switched-in within 12
months from the date of allotment
All Hybrid & DSP DAAF Fund • Nil If units are redeemed or switched out on or after 12 months from the date of allotment
• 1% If units are redeemed or switched-out are in excess of 10% of the units purchased or switched-in
within 12 months from the date of allotment

DSP Tax Saver Fund Investments in DSP Tax Saver Fund are subject to lock-in period of 36 months from the allotment.

• Nil If the units redeemed or switched-out : on or after 12 months or are upto 10% of the units purchased or
switched-in within 12 months from date of allotment
DSP Credit Risk Fund
• 1% If units are redeemed/switched-out are in excess of 10% of the units purchased or switched-in within
12 months from date of allotment

DSP Bond Fund Holding period from date of allotment: <=6 months - 0.25%; >6 months - Nil

DSP Arbitrage Fund Holding period from date of allotment: <=30 calendar days - 0.25%; >30 calendar days - Nil

All other Fixed Income Funds, DSP Equity Nifty 50

Fund, DSP Nifty 50 Index Fund, DSP Nifty Next 50 Nil
Index Fund and DSP Quant Fund
Brokerage Notes
1) Brokerage rates mentioned above are applicable for all the purchases made from 1st Jan 2021 to 31st Dec 2021

2) Trail Brokerage: The trail brokerage is calculated on the basis of ‘Daily Average Assets' on the NAV. This is paid in arrears at the end of each month (unless
specified otherwise).

3) B-30 Special trail brokerage incentive: Special trail brokerage incentive on transactions tagged with location from B-30 cities will be subject to recovery (claw
back), if the investment (on which such Trail brokerage incentive was paid) gets redeemed before the completion of one year from the date of investment in the
respective scheme. Transactions will be tagged as B30 or T30 purely based on availability of Pin code, City Name and Country name as available in application form
as well as KYC data. Distributors should ensure availability and updation of correct pin code, City and Country name in the application and KYC forms.

4) B30 Special trail brokerage incentive is payable for 1st year on transactions from investors classified as “Individual”, subject to a per transaction limit of Rs.
200,000/-. Further, this is payable only on applicable schemes and is subject to review on a quarterly basis.
Distributor should ensure that the transactions of amount greater than Rs 2,00,000/- are not split and AMC reserves a right to aggregate multiple transactions on the
same day to determine applicability of B30 brokerage incentive. In case of multiple instances, AMC reserves a right to report such transactions to regulatory
authorities.

5) Switches: Inter scheme switches will be treated as a normal purchase. Trail Brokerage will be paid on switches made between schemes (and not plans within the
same scheme), which will be treated like a normal purchase as mentioned above.

6) Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP): In case of SIP / STP instalment brokerage rate prevalent at the time of trigger of instalment is
applied and not the date of registration.

7) The Brokerage structure communicated for schemes of DSP Mutual Fund (DSPMF) from time-to-time is on an all-inclusive basis (cost to DSPMF / DSPIM ), i.e.
inclusive of all cess, charges, taxes etc. that may be incurred by DSP Investment Managers Pvt. Ltd. (DSPIM) and / or DSP Mutual Fund (DSPMF). Further, the
Brokerage payable would be subject to all the statutory deductions, including income tax, etc.

8) The proposed Brokerage structure is applicable for regular plan only under valid ARN codes. NO Brokerage/Commission (Trail, Special Brokerage incentive) will
be payable on Direct Plans and transactions with Invalid ARN codes or if the ARNs is suspended / debarred / suspended.

9) 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. In case the Brokerage paid to the distributor is found to be in excess of limits defined by the SEBI / AMFI, DSPIM or DSPMF, DSPIM / DSPMF reserves the
right to recover / adjust, such excess Brokerage paid to the distributor.

10) The brokerage rates for assets mobilized during the current period in all DSP open ended equity, hybrid and ELSS category schemes are expected to remain
constant till the time such assets are redeemed, except in following cases when it will go down: (a) If limits on Total Expense Ratio (TER) goes down. (b) Increase in
scheme operating expenses, including GST or similar taxes.

11) DSPIM and DSPMF reserves the right to change, withdraw, and / or amend the above mentioned terms and conditions, without any prior notice.

12) DSPIM and DSPMF reserve the right to withhold / not pay trail Brokerage or whatsoever Brokerage on any transaction / application, at its sole discretion.

13) Brokerage payment (all sort) will be made by the respective schemes of DSPMF. The clawback amount can be adjusted against any commission payments to
the distributors, whether paid/incurred by DSPMF or DSPIM.

14) The Brokerage /Incentive structure mentioned hereinabove is solely payable to AMFI/NISM certified distributors of DSRIM. DSPIM and DSPMF shall not be
responsible for any losses incurred by anyone due to change in the Brokerage structure. All distributors shall abide by the code of conduct and rules/regulations laid
down by SEBI and AMFI. Also, it is specifically mentioned that the distributor will neither pass on or rebate Brokerage /incentive back to investors nor tempt them
with gifts /rebate. DSPIM/DSPMF will take disciplinary action against any distributor who is found violating the rules, regulations and code of conduct. The distributor
shall disclose all commissions (Trail, trail 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.

15) DSPIM and DSPMF reserves the right to revise the brokerage with effect from the date of reduction of TERs by SEBI as and when announced during the month.

Page of 3
HSBC Asset Management Company Ltd.
IDFC Mutual Fund
Brokerage Structure of ARN-0022/HSBC/HSBCQN Applicable from 1st January 2022 to till further notice

T30 & B30 Scheme Wise

Additional Market
Amount / Clawback if
Scheme Detail 4th Year Expansion Exit Load
Time Slab / 1st Year Trail 2nd Year Trail 3rd Year Trail Redeemed /
onwards Trail (B30)
Trxn. Type Switched**

Equity Funds

• If redeemed/switched out within 365 days from

the date of allotment:
ME Trail: 1. Upto 10% of investment : Nil,
IDFC Core Equity Fund 1.05% 1.05% 1.05% 1.05% Trail : 1st year -
Any Amount 12 Months 2. For remaining investment :1% of applicable
2.00%
NAV.
• If redeemed / switched out after 365 days from
date of allotment : Nil.
• If redeemed/switched out within 365 days from
the date of allotment:
ME Trail: 1. Upto 10% of investment : Nil,
1.05% 1.05% 1.05% 1.05% Trail : 1st year -
IDFC Large Cap Fund Any Amount 12 Months 2. For remaining investment :1% of applicable
2.00%
NAV.
• If redeemed / switched out after 365 days from
date of allotment : Nil.

Trail : 1st year - ME Trail:

IDFC Focused Equity Fund Any Amount 1.00% 1.00% 1.00% 1.00%
2.00% 12 Months
• If redeemed/switched out within 365 days from
the date of allotment:
1. Upto 10% of investment : Nil,
Trail : 1st year - ME Trail:
IDFC Infrastructure Fund Any Amount 1.50% 0.75% 0.75% 0.75% 2. For remaining investment :1% of applicable
2.00% 12 Months
NAV.
• If redeemed / switched out after 365 days from
date of allotment : Nil.
Trail : 1st year - ME Trail:
IDFC Sterling Value Fund Any Amount 1.05% 1.05% 1.05% 1.05%
1.75% 12 Months

Trail : 1st year - ME Trail: 1% if red/switch out

IDFC Flexi Cap Fund Any Amount 0.90% 0.90% 0.90% 0.90%
2.00% 12 Months within 365 days.

IDFC Tax Advantage (ELSS) Trail : 1st year - ME Trail:

Any Amount 1.00% 1.00% 1.00% 1.00% Nil
Fund 1.75% 12 Months

Trail : 1st year - ME Trail: 1% if redeemed/switched out within 1 year from

IDFC Emerging Business Fund Any Amount 1.20% 1.20% 1.20% 1.20%
1.65% 12 Months the date of allotment

IDFC US Equity Fund of Trail : 1st year - ME Trail: 1% if redeemed/switched out within 1 year from
Any Amount 1.00% 1.00% 1.00% 1.00%
Fund 1.00% 12 Months the date of allotment

Trail : 1st year- Market Expansion 1% if redeemed/switched out within 1 year from
IDFC Multi Cap Fund Any Amount 1.30% 1.30% 1.30% 1.30%
1.50% Trail :12 Months the date of allotment

Debt Funds

IDFC Floating Rate Fund Any Amount 0.35% 0.35% 0.35% 0.35% Nil Nil

IDFC Banking & PSU Debt Fund Any Amount 0.30% 0.30% 0.30% 0.30% Nil Nil

IDFC Cash Fund Any Amount 0.05% 0.05% 0.05% 0.05% Nil Nil

IDFC Money Manager Fund Any Amount 0.50% 0.40% 0.40% 0.40% Nil Nil

IDFC Low Duration Fund Any Amount 0.15% 0.15% 0.15% 0.15% Nil Nil

IDFC Corporate Bond Fund Any Amount 0.30% 0.30% 0.30% 0.30% Nil Nil W.e.f. 12th Aug,2016

Trail : 1st Year - ME Trail: 1% if red/switch out

IDFC Credit Risk Fund Any Amount 0.75% 0.75% 0.75% 0.75%
1.00% 12 Months within 365 days.

IDFC Bond Fund - Short Term 0.50% 0.50% Nil

Any Amount 0.50% 0.50% Nil, W.E.F 23rd May 2016
Plan

IDFC Bond Fund - Medium Trail : 1st Year - ME Trail:

Any Amount 0.85% 0.85% 0.85% 0.85% Nil W.E.F 15-01-2019
Term Plan 0.50% 12 Months

1.00% 0.90% 0.90% 0.90% Nil Nil W.E.F

IDFC Dynamic Bond Fund Any Amount
17-Oct-2016

Wef 04-08-2015 for

IDFC Bond Fund - Income Plan Any Amount 1.00% 0.75% 0.75% 0.75% Nil 10% of inv 0%, Bal
at 1% upto 365 Days

IDFC Government Securities 0.70% 0.70% 0.70% 0.70% Nil Nil

Any Amount
Fund - Investment Plan

IDFC Government Securities 0.10% 0.10% 0.10% 0.10% Nil Nil

Any Amount
Fund - Constant Maturity Plan

Any Amount 0.15% 0.15% 0.15% 0.15% Nil Nil

IDFC Ultra Short Term
Fund

IDFC Overnight Fund Any Amount 0.10% 0.10% 0.10% 0.10% Nil Nil

IDFC Gilt 2027 Index 0.15% 0.15% 0.15% 0.15% Nil Nil
Any Amount
Fund

IDFC Gilt 2028 Index 0.15% 0.15% 0.15% 0.15% Nil Nil
Any Amount
Fund

Hybrid funds
For 10% of invt -Nil,
Trail : 1st Year - ME Trail: For bal. invt -1% if
IDFC Hybrid Equity Fund Any Amount 1.25% 1.25% 1.25% 1.10%
1.00% 12 Months red/swt out in 12
mnts
Wef 24-08-17 for
Trail : 1st Year - ME Trail: 10% of invt=0,bal
IDFC Regular Savings Fund Any Amount 0.75% 0.75% 0.75% 0.75%
0.75% 12 Months invt-1% if red/Swt
out in 12 months
Wef 03-07-17 for
Trail : 1st Year - ME Trail: 10% of invt=0,bal
IDFC Balanced Advantage Fund Any Amount 1.25% 1.25% 1.25% 1.25%
2.00% 12 Months invt-1% if red/Swt
out in 12 months

0.50% 0.50% 0.50% Nil 0.25% if

IDFC Arbitrage Fund Any Amount 0.50%
redeemed/switch out in 1 Month

ME Trail: For 10% of invt -Nil,

1.35% Trail : 1st Year -
IDFC Equity Savings Fund Any Amount 1.35% 1.35% 1.35% 12 Months For bal. invt -1% if
1.00%
red/swt out in 12 mnts

Other Funds

IDFC Asset Allocation Fund - 0.45% 0.45% 0.45% 0.45%

Any Amount Nil
FOF -Moderate Plan
• If redeemed/switched out within 365 days from
the date of allotment:
1. Upto 10% of investment : Nil,
IDFC Asset Allocation Fund - 0.50% 0.50% 0.50% 0.50% 2. For remaining investment :1% of applicable
Any Amount Nil
FOF - Aggressive Plan NAV.
• If redeemed / switched out after 365 days from
date of allotment : Nil.
IDFC Asset Allocation Fund - 0.30% 0.30% 0.30% 0.30%
Any Amount Nil
FOF -Conservative Plan

IDFC Nifty Fund Any Amount 0.10% 0.10% 0.10% 0.10% Nil Nil W.E.F 04-02-2019

IDFC All Seasons Bond Fund Any Amount 0.20% 0.20% 0.20% 0.20% Nil 0.50% for 3months
** Applicable on B30 Incentive
Terms & Conditions:
i) All distribution commission shall be payable only in form of Trail commission. No upfront commission or Trail paid in advance / Upfronted Trail shall be payable.
ii) T-30 refers to Top 30 Cities provided by AMFI as per the SEBI Guidelines & B-30 refers to all the cities beyond the Top 30 cities.

Scheme-wise Claw Back provision if redeemed/switched within Claw back period:

*B-30 incentive (Trail):

• This is applicable only for 1st year & only for inflows from Retail investors of B30 cities.
• Full recovery for the incentive paid will be done in case the Investor redeems/switches out to any other Scheme or Direct Plan before the completion of one year from the date
of investment, irrespective of the Exit Load period applicable to the Fund.
• From 22nd Oct’18 onwards, B-30 incentive will be applicable only for inflows from retail investors as defined by SEBI from time to time.
• As per the SEBI circular, definition for Retail investor is stated as inflows upto 2 lacs per investor after aggregating all transactions received on the same day from an individual investor in a particular scheme.
• Inflows <= INR. 2,00,000/- at PAN level from retail investors in a particular scheme (Individuals, Sole-proprietorship, Minors) from B30 Cities will be considered for B30 tagging.
• Inflows >= INR. 2,00,001/- at PAN level in a particular scheme from retail investors (Individuals, Sole-proprietorship, Minors) from B30 Cities will be considered for T30 tagging as
default in line with tagging for NRIs and Corporates.
• B30 incentive is applicable w. e. f. 15th Apr 2019
iii) The changes effected in the current month’s brokerage rates are highlighted in “green” for your attention.
iv) 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.

v) 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.

vi) The brokerage/incentives would be inclusive of Goods and Service Tax/ Cess and any other applicable tax, if any as per the current regulations.
vii) Any brokerage payout related discrepancies have to be intimated to us within 45 days from the date of release of brokerage.
viii) With effect from 1st July 2017, Goods and Service Tax (GST) is applicable on distributor brokerage.

ix) All distributors who have correctly updated the GST number with AMFI would be treated as registered distributors under GST and no deduction would be done from their pay-outs, whereas in case of Unregistered distributor or a
distributor having registration number but failing to update the details with AMFI would also be treated as unregistered distributor and appropriate procedure as per the Goods and Services Tax Act, would be followed.

x) For normal brokerage, the distributors will have to raise the invoices favouring IDFC Mutual Fund and do the GST return filing accordingly.
Below is the GST number of IDFC Mutual Fund.

Name of Entity Billing address PAN Provisional GST no

6th Floor, One World
IDFC Mutual Fund centre, Jupiter Mills AAETS9556K 27AAETS9556K1ZP
Compound, 841,
Senapati Bapat Marg,
Elphinstone Road,
Mumbai, Maharashtra
400013
xi) IDFC Asset Management Company Limited (IDFC AMC) reserves absolute right and authority to change the brokerage structure applicable to existing as well as future assets contributed by the Distributor, at its sole discretion. Any
such change in the brokerage structure shall be intimated to the Distributors by telephone/post/email/courier/post/text message or such other medium of communication as may be preferred by IDFC AMC and the same shall be
effective from the date of dispatch of such communication.
ICICI Prudential Asset Management Company Ltd.
ICICI Prudential Mutual Fund COMMISSION STRUCTURE -Feb 2022
Additional payout
ARN-0022- HSBC Bank Across all cities T30 & B30
for B30 cities
Trail 4th yr
EQUITY SCHEMES Trail 1st Yr Trail 2nd yr Trail 3rd yr Trail 1st year only
onwards
ICICI Prudential Long Term Equity Fund 0.85% 0.85% 0.85% 0.85% 1.00%
ICICI Prudential Focused Equity Fund 1.06% 1.06% 1.06% 1.06% 1.00%
ICICI Prudential Multi Cap Fund 0.85% 0.85% 0.85% 0.85% 1.00%
ICICI Prudential Mid Cap Fund 0.90% 0.90% 0.90% 0.90% 1.50%
ICICI Prudential Dividend Yield Equity Fund 1.00% 1.00% 1.00% 1.00% 0.00%
ICICI Prudential Bluechip Fund 0.85% 0.85% 0.85% 0.85% 1.50%
ICICI Prudential Infrastructure Fund 1.00% 1.00% 1.00% 1.00% 1.50%
ICICI Prudential Value Discovery Fund 0.90% Page 3 of0.85%
3 0.85% 0.85% 1.50%
ICICI Prudential US Bluechip Fund 1.02% 1.02% 1.02% 1.02% 0.00%
ICICI Prudential Large & Mid Cap Fund 0.85% 0.85% 0.85% 0.85% 1.50%
ICICI Prudential Technology Fund 0.95% 0.95% 0.95% 0.95% 0.00%
ICICI Prudential Banking & Financial Services Fund 0.85% 0.85% 0.85% 0.85% 0.00%
ICICI Prudential FMCG Fund 1.10% 1.10% 1.10% 1.00% 0.00%
ICICI Prudential Pharma Healthcare and
1.50%
Diagnostics(P.H.D) Fund 1.00% 1.00% 1.00% 1.00%
ICICI Prudential Manufacturing Fund 1.10% 1.10% 1.10% 1.00% 1.50%
ICICI Prudential India Opportunities Fund 1.00% 1.00% 0.50% 0.50% 0.50%
ICICI Prudential Smallcap Fund 0.80% 0.80% 0.80% 0.80% 0.00%
ICICI Prudential Exports & Services Fund 1.10% 1.10% 1.10% 1.00% 1.50%
ICICI Prudential Bharat Consumption Fund 0.95% 0.95% 0.95% 0.95% 0.00%
ICICI Prudential MNC Fund 1.00% 1.00% 1.00% 1.00% 1.00%
ICICI Prudential Commodities Fund 1.00% 1.00% 1.00% 1.00% 1.00%
ICICI Prudential ESG Fund 1.00% 1.00% 1.00% 1.00% 0.50%
ICICI Prudential Quant Fund 0.60% 0.60% 0.60% 0.60% 0.00%
ICICI Prudential Business Cycle Fund 0.90% 0.90% 0.90% 0.85% 0.00%
ICICI Prudential Flexicap Fund 0.95% 0.95% 0.95% 0.95% 0.00%
Trail 4th yr
HYBRID SCHEMES Trail 1st Yr Trail 2nd yr Trail 3rd yr Trail 1st year only
onwards
ICICI Prudential Equity & Debt Fund 0.85% 0.80% 0.80% 0.80% 0.00%
ICICI Prudential Multi-Asset Fund 0.90% 0.85% 0.85% 0.85% 1.50%
ICICI Prudential Balanced Advantage Fund 0.83% 0.83% 0.83% 0.83% 0.75%
ICICI Prudential Equity Savings Fund 0.35% 0.35% 0.35% 0.35% 0.00%
ICICI Prudential Equity - Arbitrage Fund 0.60% 0.60% 0.60% 0.60% 0.00%
ICICI Prudential Regular Savings Fund 0.75% 0.75% 0.75% 0.75% 0.00%
Trail 4th yr
SOLUTION ORIENTED SCHEME Trail 1st Yr Trail 2nd yr Trail 3rd yr Trail 1st year only
onwards
ICICI Prudential Child Care Fund - Gift Plan 0.85% 0.60% 0.60% 0.60% 1.50%
ICICI Prudential Retirement Fund-Pure Equity Plan 1.00% 1.00% 1.00% 1.00% 0.00%
ICICI Prudential Retirement Fund-Hybrid Aggressive Plan 1.00% 1.00% 1.00% 1.00% 0.00%
ICICI Prudential Retirement Fund-Pure Debt Plan 1.00% 1.00% 1.00% 1.00% 0.00%
ICICI Prudential Retirement Fund-Hybrid Conservative
1.00% 1.00% 1.00% 1.00% 0.00%
Plan

Trail 4th yr
DEBT SCHEMES Trail 1st Yr Trail 2nd yr Trail 3rd yr Trail 1st year only
onwards

ICICI Prudential Credit Risk Fund 0.75% 0.75% 0.75% 0.75% 0.00%
ICICI Prudential Medium Term Bond Fund 0.75% 0.75% 0.75% 0.75% 0.00%
ICICI Prudential All Seasons Bond Fund 0.75% 0.75% 0.75% 0.75% 0.00%
ICICI Prudential Long Term Bond Fund 0.90% 0.90% 0.90% 0.90% 0.00%
ICICI Prudential Short Term Plan 0.67% 0.67% 0.67% 0.67% 0.00%
ICICI Prudential Gilt Fund 0.55% 0.55% 0.55% 0.55% 0.00%
ICICI Prudential Floating Interest Fund 0.750% 0.300% 0.30% 0.30% 0.00%
ICICI Prudential Ultra Short Term Fund 0.30% 0.30% 0.30% 0.30% 0.00%
ICICI Prudential Bond Fund 0.50% 0.50% 0.50% 0.50% 0.00%
ICICI Prudential Banking & PSU Debt Fund 0.40% 0.40% 0.40% 0.40% 0.00%
ICICI Prudential Corporate Bond Fund 0.25% 0.25% 0.25% 0.25% 0.00%
ICICI Prudential Constant Maturity Gilt Fund 0.10% 0.10% 0.10% 0.10% 0.00%
ICICI Prudential Money Market Fund 0.10% 0.025% 0.025% 0.025% 0.00%
ICICI Prudential Savings Fund 0.12% 0.05% 0.05% 0.05% 0.00%
ICICI Prudential Liquid Plan 0.05% 0.025% 0.025% 0.025% 0.00%
ICICI Prudential Overnight Fund 0.05% 0.05% 0.05% 0.05% 0.00%

Trail 4th yr
OTHER SCHEMES Trail 1st Yr Trail 2nd yr Trail 3rd yr Trail 1st year only
onwards

Index Funds
ICICI Prudential Nifty Index Fund 0.10% 0.10% 0.10% 0.10% 0.00%
ICICI Prudential Sensex Index Fund 0.10% 0.10% 0.10% 0.10% 0.00%
ICICI Prudential Nifty Next 50 Index Fund 0.35% 0.35% 0.30% 0.25% 0.00%
ICICI Prudential PSU Bond plus SDL 40:60 Index Fund -
0.20% 0.20% 0.20% 0.20% 0.00%
Sep 2027
ICICI Prudential NASDAQ 100 Index Fund 0.45% 0.45% 0.45% 0.45% 0.00%
ICICI Prudential Smallcap Index Fund 0.60% 0.60% 0.60% 0.60% 0.00%
ICICI Prudential Midcap 150 Index Fund 0.70% 0.70% 0.70% 0.70% 0.00%
Gold Funds & FOF
ICICI Prudential Global Stable Equity Fund (FOF) 0.80% 0.80% 0.80% 0.80% 1.50%
ICICI Prudential Passive Strategy Fund (FOF) 0.20% 0.20% 0.20% 0.20% 0.00%
ICICI Prudential Thematic Advantage Fund (FOF) 0.30% 0.30% 0.30% 0.30% 0.00%
ICICI Prudential Asset Allocator Fund (FOF) 0.60% 0.60% 0.60% 0.60% 0.00%
ICICI Prudential Income Optimizer Fund (FOF) 0.20% 0.20% 0.20% 0.20% 0.00%
ICICI Prudential Debt Management Fund (FOF) 0.15% 0.15% 0.15% 0.15% 0.00%
ICICI Prudential Regular Gold Savings Fund (FOF) 0.05% 0.05% 0.05% 0.05% 0.00%
ICICI Prudential Global Advantage Fund (FOF) 0.50% 0.50% 0.50% 0.50% 0.00%
ICICI Prudential India Equity (FOF) 0.30% 0.30% 0.30% 0.30% 0.00%
ICICI Prudential Nifty Low Vol 30 ETF (FOF) 0.30% 0.30% 0.30% 0.30% 0.00%
ICICI Prudential Alpha Low Vol 30 ETF (FOF) 0.40% 0.40% 0.40% 0.40% 0.00%
ICICI Prudential S&P BSE 500 ETF FOF 0.40% 0.40% 0.40% 0.40% 0.00%
ICICI Prudential Passive Multi-Asset Fund of Funds 0.40% 0.40% 0.40% 0.40% 0.00%
New SIP/STP registered - Trail brokerage would be applicable as on Trade date / Installment date.
SIP-STP Applications - Trail brokerage would be applicable as mentioned above. SIP/STP registered at B30 Location will get respective additional trail
For Switches* - Trail brokerage would be same as normal purchase application.
“Additional payout for B30 Business” will be completely clawed back / recovered from future brokerage payments in case the investment is redeemed /
Pursuant to the SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2018/137, dated 22nd Oct 2018, B30 incentive shall be paid on trail basis for 'Retail investor' from
*In case of Intra Scheme switch transaction, brokerage rate prevalent for the said transaction before the switch will be applicable.
“B – 30” cities are cities other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Pune, Ahmedabad, Chennai,
Hyderabad (including Secundrabad), Vadodara (Baroda), Jaipur, Surat, Lucknow, Kanpur, Nagpur, Udaipur, Indore, Ludhiana, Nasik, Coimbatore,
Chandigarh, Patna, Bhopal, Rajkot, Guwahati, Jamshedpur, Ranchi, Bhubaneshwar, Dehradun, Varanasi and Allahabad collectively referred to as “T
–30” cities. Any Investments from above mentioned Cities / Pin code categories will be eligible for brokerage payment as per T-30 brokerage structure. In
addition to above mentioned Top 30 cities, the NRI investments will be considered as T-30 investments for the purpose of brokerage payment.
Terms: The transactions will be subject to terms and conditions as mentioned in the Scheme Information Document (SID) & Statement of Additional
Information (SAI) and shall be binding on the distributor. The Commission mentioned hereinabove is solely payable to AMFI/NISM certified distributors
and can be changed by the AMC at its sole discretion without any prior intimation or notification. The Commission given above is inclusive of all
taxes/charges/levy on these arrangements/transactions. The taxes shall be borne by the distributor and the same shall be deducted at the time of
payment of commission at the applicable rates. The AMC shall not be responsible for any losses incurred by any one due to change in the Commission
structure. The Commission shall be subject to clawback provisions, as applicable. The Distributor should abide by the code of conduct and
rules/regulations laid down by SEBI and AMFI. Also, it is specifically mentioned that the Distributor will neither pass on or rebate Commission 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
With reference to SEBI circular no, SEBI/HO/IMD/DF2/CIR/P/2018/91 dated June 5, 2018 regarding Total Expense Ratio for Mutual Funds as stated in
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Feb-22
(Lumpsum & SIP Investments)
Claw Back 1st Yr. Trail 2nd Yr. Onwards Trail Annual Retention Incentive for B-30 Locations- in Trail
Praposed Category Scheme_name Exit_Load
Period (p.a) (p.a) (p.a.)
Equity
Focussed Fund - Multi
NIPPON INDIA FOCUSED EQUITY FUND
Cap 12 Months 12 Months 0.85% 0.85% 1.75%
Large & MID Cap NIPPON INDIA VISION FUND 12 Months 12 Months 0.85% 0.85% 1.50%
Large Cap NIPPON INDIA LARGE CAP FUND 7 days 12 Months 1.10% 1.10% 1.50%
Mid Cap NIPPON INDIA GROWTH FUND 1 Month 12 Months 1.10% 1.10% 1.50%
Multi Cap NIPPON INDIA MULTI CAP FUND 12 Months 12 Months 1.00% 1.00% 1.50%
Sectoral NIPPON INDIA PHARMA FUND 1 Month 12 Months 1.25% 1.25% 1.50%
Sectoral NIPPON INDIA BANKING & FINANCIAL SERVICES FUND 1 Month 12 Months 0.85% 0.85% 1.50%
Small Cap NIPPON INDIA SMALL CAP FUND 1 Month 12 Months 0.80% 0.80% 1.75%
Thematic NIPPON INDIA QUANT FUND 1 Month 12 Months 0.65% 0.65% 1.50%
Thematic NIPPON INDIA CONSUMPTION FUND 1 Month 12 Months 0.90% 0.90% 1.50%
Thematic NIPPON INDIA - US EQUITY OPPORTUNITES FUND 12 Months 12 Months 0.80% 0.80% 1.50%
Thematic NIPPON INDIA POWER & INFRA FUND 1 Month 12 Months 0.85% 0.85% 1.50%
Thematic NIPPON INDIA TAIWAN EQUITY FUND 12 Months 12 Months 1.35% 1.35% 0.25%
Thematic NIPPON INDIA - JAPAN EQUITY FUND 12 Months 12 Months 0.80% 0.80% 1.50%
Value Fund NIPPON INDIA VALUE FUND 12 Months 12 Months 1.10% 1.10% 1.50%
Flexi Cap NIPPON INDIA FLEXI CAP FUND 12 Months 12 Months 1.30% 1.30% 0.50%
Hybrid, Bond & Equity Savings
Aggressive Hybrid NIPPON INDIA EQUITY HYBRID FUND 12 Months 12 Months 1.10% 1.10% 1.50%
Multi Asset NIPPON INDIA Multi Asset FUND 12 Months 12 Months 1.00% 1.00% 1.00%
Balanced Advantage NIPPON INDIA BALANCED ADVANTAGE FUND 12 Months 12 Months 1.10% 1.10% 1.50%
Conservative Hybrid NIPPON INDIA HYBRID BOND FUND 12 Months 12 Months 1.15% 1.15% 1.00%
Equity Savings NIPPON INDIA EQUITY SAVINGS FUND 12 Months 12 Months 0.85% 0.85% 1.50%
Goal Based
ELSS NIPPON INDIA TAX SAVER (ELSS) FUND 3 yr lock in 3 Years Lock In 0.90% 0.90% 1.75%
NIPPON INDIA RETIREMENT FUND - WEALTH CREATION
Retirement
SCHEME 5 yr lock in 5 Years Lock In 1.20% 1.20% 1.50%
NIPPON INDIA RETIREMENT FUND - INCOME GENERATION
Retirement
SCHEME 5 yr lock in 5 Years Lock In 1.10% 1.10% 1.50%
Index & FoF
FOF NIPPON INDIA JUNIOR BEES FOF NIL No Clawback 0.15% 0.15% 0.00%
FOF NIPPON INDIA ASSET ALLOCATOR FoF 12 Months No Clawback 0.90% 0.90% 0.00%
FOF NIPPON INDIA GOLD SAVINGS FUND 15 Days 12 Months 0.25% 0.25% 0.50%
FOF NIPPON INDIA PASSIVE FLEXICAP FoF NIL 12 Months 0.40% 0.40% 0.25%
Index NIPPON INDIA NIFTY SMALL CAP 250 INDEX FUND 7 days No Clawback 0.55% 0.55% 0.00%
Index NIPPON INDIA NIFTY 50 VALUE 20 INDEX FUND NIL No Clawback 0.50% 0.50% 0.00%
Index NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND NIL No Clawback 0.50% 0.50% 0.00%
Index NIPPON INDIA INDEX FUND - NIFTY PLAN 7 days No Clawback 0.75% 0.75% 0.00%
Index NIPPON INDIA INDEX FUND - SENSEX PLAN 7 days No Clawback 0.15% 0.15% 0.00%
Debt
Banking & PSU NIPPON INDIA BANKING & PSU DEBT FUND NIL No Clawback 0.35% 0.35% 0.00%
Corporate Bond NIPPON INDIA Corporate Bond FUND NIL No Clawback 0.25% 0.25% 0.00%
Credit Risk NIPPON INDIA CREDIT RISK FUND 12 Months 12 Months 1.00% 1.00% 0.50%
Dynamic Bond NIPPON INDIA DYNAMIC BOND FUND NIL No Clawback 0.35% 0.35% 1.25%
Floater NIPPON INDIA FLOATING RATE FUND 1 Month No Clawback 0.25% 0.25% 0.00%
Gilt NIPPON INDIA GILT SECURITIES FUND NIL No Clawback 0.90% 0.90% 0.00%
Long Duration NIPPON INDIA NIVESH LAKSHYA FUND 36 Months No Clawback 0.25% 0.25% 1.25%
Low Duration Fund NIPPON INDIA LOW DURATION FUND NIL No Clawback 0.50% 0.50% 0.00%
Medium & Long Duration NIPPON INDIA INCOME FUND NIL No Clawback 1.10% 0.90% 1.25%
Medium Duration NIPPON INDIA STRATEGIC DEBT FUND 12 Months 12 Months 1.00% 1.00% 0.00%
Short Term NIPPON INDIA SHORT TERM FUND NIL No Clawback 0.75% 0.50% 0.00%
Arbitrage
Arbitrage NIPPON INDIA ARBITRAGE FUND 1 month No Clawback 0.50% 0.50% 0.00%
Liquid and Money Market
Liquid Fund NIPPON INDIA OVERNIGHT FUND NIL No Clawback 0.10% 0.07% 0.00%
Liquid Fund NIPPON INDIA LIQUID FUND 7 days No Clawback 0.12% 0.05% 0.00%
Money Market NIPPON INDIA MONEY MARKET FUND NIL No Clawback 0.05% 0.05% 0.00%
Ultra Shor Duration NIPPON INDIA ULTRA SHORT DURATION FUND NIL No Clawback 0.75% 0.75% 0.00%
L&T Mutual Fund

Commission Structure for L&T Mutual Fund

(1st January 2022 to 31st March 2022) ARN-0022

(For Lump sum, SIP & STP Investments)

Additional Special
T30
B30 Additional T30 Total T30 Trail
Scheme Name Category Trail(APM*)-
Incentive Trail(APM*)- (APM*)
From Day 1
(APM*) From Day 1
Equity
L&T India Large Cap Fund Large Cap Fund 1.25% 0.95% 0.20% 1.15%
L&T Focused Equity Fund Focused Fund 1.25% 0.95% 0.20% 1.15%
L&T Large and Midcap Fund Large & Mid Cap Fund 1.25% 0.95% 0.20% 1.15%
L&T Infrastructure Fund Sectoral Fund 1.25% 0.95% 0.20% 1.15%
L&T Business Cycles Fund Thematic Fund 1.25% 0.95% 0.20% 1.15%
Dynamic Asset Allocation 0.95% 0.20%
L&T Balanced Advantage Fund
Fund 1.25% 1.15%
L&T Flexicap Fund Flexi Cap Fund 1.25% 0.85% 0.20% 1.05%
L&T Hybrid Equity Fund Aggressive Hybrid Fund 1.25% 0.85% 0.20% 1.05%
L&T Tax Advantage Fund ELSS Fund 1.25% 0.85% 0.20% 1.05%
L&T India Value Fund Value Fund 1.25% 0.75% 0.20% 0.95%
L&T Midcap Fund Mid Cap Fund 1.25% 0.75% 0.20% 0.95%
L&T Emerging Businesses Fund Small Cap Fund 1.25% 0.75% 0.20% 0.95%
L&T Conservative Hybrid Fund Conservative Hybrid Fund - 0.65% 0.20% 0.85%
L&T Equity Savings Fund Equity Savings Fund - 0.45% 0.20% 0.65%
Index Based
L&T Nifty 50 Index Fund - 0.30% - 0.30%
Index Fund
L&T Nifty Next 50 Index Fund - 0.30% - 0.30%
Arbitrage Based
L&T Arbitrage Opportunities 0.45% - 0.45%
Arbitrage Fund -
Fund
Debt Funds
L&T Triple Ace Bond Fund Corporate Bond Fund - 0.20% - 0.20%
L&T Banking & PSU Debt Fund Banking and PSU Fund - 0.30% - 0.30%
L&T Short Term Bond Fund Short Duration Fund - 0.35% - 0.35%
L&T Resurgent India Bond Fund Medium Duration Fund - 0.65% - 0.65%
L&T Credit Risk Fund Credit Risk Fund - 0.65% - 0.65%
L&T Gilt Fund Gilt Fund - 0.85% - 0.85%
L&T Flexi Bond Fund Dynamic Bond Fund - 0.65% - 0.65%
L&T Low Duration Fund Low Duration Fund - 0.45% - 0.45%
L&T Ultra Short Term Fund Ultra-Short-Term Duration - -
Fund 0.10% 0.10%
L&T Money Market Fund Money Market Fund - 0.35% - 0.35%
Liquid Funds
L&T Overnight Fund Overnight Fund - 0.08% - 0.08%
L&T Liquid Fund Liquid Fund - 0.05% - 0.05%

* ANNUALISED PAYABLE MONTHLY

 Commission Structure for L&T Mutual Fund – Terms and Conditions
(1st January 2022 to 31st March 2022) ARN-0022

General :
a) This is further to your empanelment with L&T Investment Management Limited on behalf of L&T Mutual Fund.
b) The aforesaid structure is effective from 1st January 2022 to 31st March 2022. This structure will remain effective till further notice and may change at
the discretion of AMC as a result of any changes in the regulations/guidelines. This structure is inclusive of all taxes.
c) Further to comply with the SEBI regulation, prepaid commissions for the systematic transactions (SIP/STP) triggered w.e.f22nd October from the
registrations processed prior to 22nd October 2018, has been discontinued.
d) Trail Commission: The Trail Commission is calculated on the basis of ‘Daily Average Assets'. The amount payable to the distributor shall be paid in the
following month.
e) Commission/Incentive(s) if any will be paid on switches/systematic transfer from one scheme to another scheme as per the applicable structure. In
case of option change, Trail commission will continue in the target scheme as per the applicable structure.
f) If the total commission pay out to the distributor for a month (including Incentive) is less than Rs. 250/-, the same would be accrued and carried forward
to subsequent months for payouts.
g) AMC reserves the right to change the commission structure at its sole discretion, without giving any notice.
h) 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(s) otherwise not available on the investment.
i) 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.
j) The rules and regulations of SEBI/AMFI pertaining to commission/incentive payments to distributors shall apply for payment of the commission/incentive
as per the structure stated above.
k) The aforesaid commission/incentive structures are 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 including commission structure prevailing for historical AUM. AMC reserves the right to change,
withdraw and / or amend, the above mentioned terms and conditions without any prior notice.
l) For change of broker code cases, payment of commission will be governed by the requirements of SEBI and / or AMFI.
m) As per the Notification No. 38/2017 – Central Tax (Rate) dated 13th October’2017, the discharge of liability towards GST will be sole responsibility of the
distributor and L&T Investment Management Limited (LTIM) will not deduct GST under Reverse Charge Mechanism (RCM) until further notice from GST
Council. However, the AMC reserves the right to deduct the same in future without any notice if any notification is received in this regard. AMC also
reserves the right to deduct any other applicable statutory dues.
n) AMC reserves the right to hold the commission payment for Investors’ KYC incomplete/ failure cases or in case of any other direction received from
SEBI/ AMFI in this regard.
o) AMC reserves the right to hold the commission payment if the bank details of the distributor are incomplete/not registered with AMC.
p) The commission rates are inclusive of all taxes, levies, statutory dues and Goods & Services tax (GST).

B-30 Incentive :
a) Additional B30 Incentive is applicable only for the transactions procured from B30 locations and the same will be paid over and above the commission rates
mentioned for T30 locations.
b) As per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2019/42 dated March 25, 2019 inflows up to Rs 2,00,000/- per transaction, by individual investors shall be
considered as inflows from “retail investor” for the purposes of charging additional TER inflows from retail investors from beyond the top 30 cities (B-30
cities). Further, as per SEBI Circular no. SEBI/HO/IMD/DF2/OW/P/2019/26551/1 dated October 9, 2019, the threshold limit of ₹2,00,000/- as specified in the
aforesaid circular shall be considered by clubbing all transactions received on the same day from an individual investor in a particular scheme. Please note,
clubbing of transactions will be done as per the AMFI best practices guidelines issued vide circular no. 135/ BP/92/ 2019-20 dated June 25, 2021.
c) Pursuant to the SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2018/137 dated October 22, 2018, B30 incentive shall be paid on Trail basis for the first year only.
Further this incentive is applicable only on the transactions received from Retail investors. The B30 incentive shall be completely recovered/clawed back
from the future commission payments in case the investment is redeemed / switched out to another scheme / Direct Plan within 1year of investment. This
applies even for the exit load free period if the same is within the applicable claw back period of 1 year.
d) B-30 incentive will be payable on the applications procured from residents of all the cities beyond the following 30 cities (as per Pin code Master circulated
by AMFI from time to time.) : MUMBAI, DELHI, BENGALURU, PUNE, KOLKATA, CHENNAI, AHMEDABAD, HYDERABAD, VADODARA, JAIPUR, SURAT,
LUCKNOW, UDAIPUR, KANPUR, NASHIK, NAGPUR, LUDHIANA, COIMBATORE, INDORE, CHANDIGARH, BHOPAL, PATNA, RAJKOT, GUWAHATI,
RANCHI, BHUBANESHWAR, JAMSHEDPUR, DEHRADUN, VARANASI, ALLAHABAD.
e) Applications procured from Non-resident Indians will be tagged as T30 and hence will not be eligible for B-30 incentive.
f) Identification or tagging of a transaction as B-30 transaction will be at the sole discretion of AMC and as per the guidelines and list of Pin codes issued by
AMFI from time to time.
g) Any request from distributors to change the tagging will not be entertained.

THE DISTRIBUTOR AGREES THAT SOURCING OF FUNDS FOR L&T MUTUAL FUND SCHEME(S) AFTER RECEIPT OF THIS BROKERAGE STRUCTURE
INCLUDING ABOVE REFERRED TERMS AND CONDITIONS SHALL BE CONSTRUED AS AN AGREEMENT OF HIS/HER/ITS ACCEPTANCE TO THE
TERMS AND CONDITIONS.
Axis Asset Management Company Ltd.

Brokerage Structure Effective from January 01, 2022 to March 31 , 2022

Special Trail
Trail Year 4
Name of the Scheme Trail Year 1 (%) Trail Year 2 (%) Trail Year 3 (%) Year 1 B 30
onwards (%)
Locations (%)
Equity Schemes/Hybrid Schemes /ELSS Schemes/FOF
Axis Bluechip Fund 0.95 0.95 0.95 0.90 1.75
Axis Focused 25 Fund 1.00 1.00 1.00 0.90 1.60
Axis Flexi Cap Fund 1.10 1.10 1.10 1.10 1.60
Axis Multicap Fund 1.15 1.15 1.15 1.15 NIL
Axis MidCap Fund 1.10 1.10 1.10 1.10 1.65
Axis Small Cap Fund 1.15 1.15 1.15 1.15 1.50
Axis Growth Opportunities Fund 1.25 1.25 1.25 1.25 1.00
Axis ESG Equity Fund 1.20 1.20 1.20 1.20 1.75
Axis Equity Hybrid Fund 1.30 1.30 1.30 1.30 1.50
Axis Balanced Advantage Fund 1.30 1.30 1.30 1.30 1.20
Axis Children’s gift fund 1.30 1.30 1.30 1.30 1.50
Axis Equity Saver Fund 1.30 1.30 1.30 1.30 1.15
Axis Regular Saver Fund 1.35 1.35 1.35 1.35 0.85
Axis Triple Advantage Fund 1.40 1.40 1.40 1.40 0.85
Axis Long Term Equity Fund 0.85 0.85 0.85 0.85 1.75
Axis Global Equity Alpha Fund of
1.15 1.15 1.15 1.15 1.00
Fund
Axis Special Situations Fund 1.25 1.25 1.25 1.25 1.00
Axis Greater China Equity Fund of
1.20 1.20 1.20 1.20 NIL
Fund
Axis Global Innovation Fund of
1.15 1.15 1.15 1.15 NIL
Fund
Axis Quant Fund 1.35 1.35 1.35 1.35 NIL
Axis Value Fund 1.30 1.30 1.30 1.30 NIL
Arbitrage Scheme /Nifty 100 Index Scheme
Axis Arbitrage Fund 0.70 0.70 0.70 0.70 NIL
Axis Nifty 100 Index Fund 0.65 0.65 0.65 0.65 NIL
Axis Nifty 50 Index Fund 0.25 0.25 0.25 0.25 NIL
Retirement Savings Scheme
Axis Retirement savings Fund
1.40 1.40 1.40 1.40 1.50
Aggressive Plan
Axis Retirement savings Fund
1.50 1.50 1.50 1.50 1.50
Dynamic Plan
AXIS Retirement Savings Fund-
1.30 1.30 1.30 1.30 1.50
Conservative Plan
Debt Scheme/Gilt Scheme/Liquid Scheme/Gold Fund
Axis Gilt Fund 0.25 0.25 0.25 0.25 NIL
Axis All Seasons Debt Fund of Funds 0.25 0.25 0.25 0.25 NIL
Axis AAA Bond Plus SDL ETF – 2026
0.12 0.12 0.12 0.12 NIL
Maturity Fund of Fund
Axis Dynamic Bond Fund 0.30 0.30 0.30 0.30 1.00
Axis Strategic Bond Fund 0.65 0.65 0.65 0.65 1.00
Axis Credit Risk Fund 0.95 0.95 0.95 0.95 1.00
Axis Banking and PSU Debt Fund 0.30 0.30 0.30 0.30 NIL
Axis Short Term Fund 0.55 0.55 0.55 0.55 1.00
Axis Corporate Debt Fund 0.60 0.60 0.60 0.60 NIL
Axis Treasury Advantage Fund 0.30 0.30 0.30 0.30 NIL
Axis Ultra Short Term Fund 0.70 0.70 0.70 0.70 NIL
Axis Floater Fund 0.35 0.35 0.35 0.35 NIL
Axis Liquid Fund 0.05 0.05 0.05 0.05 NIL
Axis Overnight Fund 0.02 0.02 0.02 0.02 NIL
Axis Money Market Fund 0.12 0.12 0.12 0.12 NIL
Axis Gold Fund 0.05 0.05 0.05 0.05 1.00
Invesco Mutual Fund


 

 
 
   
 
 
    
    
    
     
    
    
    
     
    
    

    
    
    
     
    
    
 
   

     
     
     
     
    
    
    
    

    
    
    
    
     






















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





Nippon India Asset Management Company
Kotak Asset Management Company
Kotak Asset Management Company
Kotak Asset Management Company
Kotak Asset Management Company
Kotak Asset Management Company

TERMS AND CONDITIONS:

i. Brokerage Structures are subject to the terms of empanelment and applicable laws and regulations, including SEBI
(Mutual Fund) Regulations, AMFI Regulations, laws relating to GST,Income Tax, etc.
ii. All Trail Brokerages will be calculated for every calendar month and will be paid out in the following month.

iii. This brokerage structure is applicable till further notice and is subject to changes at the discretion of AMC/ Trustee.

iv. In case of any regulatory changes with respect to expense ratio, the past / present brok erage structure may be
reviewed by the AMC.

v. The load structures may change at the discretion of AMC / Trustee. Please refer to the latest applicable load structure
in the Offer Document(s) / Addenda to the Offer Document(s).
vi. Switches will be eligible for brokerage trail as per the distributor's applicable brokerage in the scheme but subject to
applicable clawback of the switch out scheme. Option changes
within the same scheme are not treated as Intra switches
vii. Additional B30 1st year Trail Commission : As per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2019/42 dated March 25,
2019, additional B30 1st year trail commission shall be payable only
on inflows from retail investors from B 30 cities. The term 'retail investor' has been defined by SEBI. Accordingly, It has
been decided that inflows of amount upto Rs. 2,00,000/- per
transaction, by individual investors shall be considered as inflows from Retail Investors (applicable WEF 15th April 2019).
In case the investment made from B30 cities is redeemed/
switched out to any other scheme, within one year from the date of subscription, then entire Additional B30 First Year
Commission, paid till the date of redemption/Switched out, shall be
recovered or clawed back/set off from future commission payments. The threshold limit of Rs 2lakhs should be
considered by clubbing all transactions on the same day from an individual
investor in a particular scheme.
viii. T-30 refers to the Top 30 cities provided by AMFI & B30 cities, refers to all the cities beyond the Top 30 Cities. Any
Investments from cities / Pincodes categories provided by AMFI will
be eligible for brokerage payment as per T30 brokerage structure. In addition to this, NRI investments will be considered
as T30 investments for the purpose of brokerage payment.

ix. SIP / STP registered WEF April 01, 2019 onwards will be on Trigger basis and not on registration basis.

same.
xi. The AMC reserves the right to suspend the brokerage payable, 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.
xii. Any Events / Training / Activities / Seminar etc. planned with your employees / clients / sub brokers etc. shall be
conducted with the written consent of Regional Heads / Head of Sales
prior to such activities
xiii. All communication with regards to rates changes/modifications would be formally informed to you through
kotakadvisorh@kotak.com or donotreply@camsonline.com e- mail id only. Any other mode of communication via verbal
or email from any individual representative should not be considered bonafide.
Brokerage changes will be incorporated after consent from Regional Heads, Head of Sales .
UTI Mutual Fund

The Commission rates mentioned below are for the business to be mobilized during the period
01-January-2022 to 31-March-2022.

(Lumpsum & SIP Investment)

2nd Year Onwards B-30 Additional Trail * (C) Claw Back Period
Scheme Name 1st Year Trail (A)
Trail (B) (Year 1 Only) for (C)
Equity Schemes
UTI Flexi Cap Fund 1.00% 0.95% 1.50% 12 Months
UTI Mastershare Unit Scheme 0.95% 0.95% 1.50% 12 Months
UTI Value Opportunities Fund 0.95% 0.95% 1.50% 12 Months
UTI Mid Cap Fund 0.95% 0.95% 1.50% 12 Months
UTI Dividend Yield Fund 1.00% 1.00% 1.50% 12 Months
UTI MNC Fund 1.00% 1.00% 1.50% 12 Months
UTI Small Cap Fund 1.05% 1.05% 1.50% 12 Months
UTI Long Term Equity Fund (Tax Saving) 1.05% 1.05% 1.50% 3 yr lock in
UTI Core Equity Fund 1.05% 1.05% 1.50% 12 Months
UTI Focused Equity Fund 1.00% 1.00% 0.75% 12 Months
UTI Infrastructure Fund 1.10% 1.10% 1.50% 12 Months
UTI Transportation and Logistics Fund 1.10% 1.10% 1.50% 12 Months
UTI Healthcare Fund 1.10% 1.10% 1.50% 12 Months
UTI Banking and Financial Services Fund 1.10% 1.10% 1.50% 12 Months
UTI India Consumer Fund 1.40% 1.40% 1.50% 12 Months
Hybrid and Solution Oriented
UTI Arbitrage Fund 0.45% 0.45% - No Clawback
UTI Retirement Benefit Pension Fund 0.80% 0.80% 1.50% 12 Months
UTI CCF - Saving Plan 0.80% 0.80% 1.50% 12 Months
UTI Unit Linked Insurance Plan 0.80% 0.80% 1.50% 12 Months
UTI Equity Savings Fund 0.80% 0.80% - No Clawback
UTI Hybrid Equity Fund 1.00% 1.00% 1.50% 12 Months
UTI Regular Savings Fund 1.00% 1.00% - No Clawback
UTI Multi Asset Fund 1.00% 1.00% 1.50% 12 Months
UTI CCF Investment Plan 1.25% 1.25% 1.50% 12 Months
Index Schemes
UTI Nifty Index Fund 0.10% 0.10% - No Clawback
UTI Nifty 200 Momentum 30 Index Fund 0.40% 0.40% - No Clawback
UTI Nifty Next 50 Index Fund 0.40% 0.40% - No Clawback
Debt Schemes
UTI - Banking & PSU Debt Fund 0.10% 0.10% - No Clawback
UTI - Corporate Bond Fund 0.25% 0.25% - No Clawback
UTI - Gilt Fund 0.45% 0.45% - No Clawback
UTI - Short Term Income Fund 0.50% 0.50% - No Clawback
UTI - Bond Fund 0.85% 0.85% - No Clawback
UTI - Dynamic Bond Fund 0.85% 0.85% - No Clawback
UTI - Medium Term Fund 0.85% 0.85% - No Clawback
UTI - Credit Risk Fund 0.90% 0.90% - No Clawback
UTI - Money Market Fund 0.05% 0.05% - No Clawback
UTI - Treasury Advantage Fund 0.15% 0.15% - No Clawback
UTI - Floater Fund 0.35% 0.35% - No Clawback
UTI - Ultra Short Term Fund 0.50% 0.50% - No Clawback
UTI - Overnight Fund 0.05% 0.05% - No Clawback
UTI - Liquid Cash Plan 0.05% 0.05% - No Clawback

Please refer to the terms and conditions.

Terms & Conditions

1. The above brokerage structure is applicable for Q4 from 1st Jan’22 to 31st March’22 and is inclusive of GST. UTI AMC may change the rates,
periodicity, etc. of trail commission in case of change in regulations / expense ratio and any other factors which have an impact on such payments. Any
change in the commission structure (if any) will be communicated as and when it takes place.
2. Applicability of T-30 and B-30 Cities for payment of Commission: The T-30 and B-30 cities will be as per the PIN code list of cities provided by AMFI
and as per AMFI’s Standard Procedure for tagging transactions to T- 30 cities / B- 30 cities. 2. T-30 refers to the Top 30 Cities provided by AMFI and B -
30 refers to all the cities beyond the Top 30 Cities.
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.

* The additional commission for B-30 cities shall be paid as trail only on investment amount (applicable for individual investors only). In case the
investment is redeemed within 12 months, the additional trail commission paid shall be recovered/ clawedback/ set off fully from the future
brokerage payments, at AMC’s sole discretion. The inflows of amount upto Rs. 2,00,000/- per transaction, by individual investors shall be eligible for
additional commission for mobilisation from B-30 cities.
Mirae Asset Mutual Fund

Brokerage Structure for Schemes under Regular Plan of Mirae Asset Mutual Fund for HONGKONG & SHANGHAI BANKING
CORPORATION LTD.(ARN-0022)
Period : 01-Jan-2022 TO 31-Mar-2022

(For Load Structure please refer to the latest SID/SAI on our website www.miraeassetmf.co.in)

Distribution Incentive # Trailer Fees (Per Annum) Paid on Average Per

Month*
Asset
Scheme name
Class Upfront Fee B30 Special 1st year 2nd year 3rd year 4th year &
Incentive Onwards
Debt Mirae Asset Banking And PSU Debt Fund 00.00 % 00.00 % 00.20 % 00.20 % 00.20 % 00.20 %
Debt Mirae Asset Cash Management Fund 00.00 % 00.00 % 00.05 % 00.05 % 00.05 % 00.05 %
Debt Mirae Asset Corporate Bond Fund 00.00 % 00.00 % 00.25 % 00.25 % 00.25 % 00.25 %
Debt Mirae Asset Dynamic Bond Fund 00.00 % 00.00 % 00.40 % 00.40 % 00.40 % 00.40 %
Debt Mirae Asset Money Market Fund 00.00 % 00.00 % 00.15 % 00.15 % 00.15 % 00.15 %
Debt Mirae Asset Overnight Fund 00.00 % 00.00 % 00.05 % 00.05 % 00.05 % 00.05 %
Debt Mirae Asset Savings Fund 00.00 % 00.00 % 00.40 % 00.40 % 00.40 % 00.40 %
Debt Mirae Asset Short Term Fund 00.00 % 00.00 % 00.50 % 00.50 % 00.50 % 00.50 %
Debt Mirae Asset Ultra Short Duration Fund 00.00 % 00.00 % 00.10 % 00.10 % 00.10 % 00.10 %
Equity Mirae Asset Arbitrage Fund 00.00 % 00.00 % 00.30 % 00.30 % 00.30 % 00.30 %
Equity Mirae Asset Banking and Financial Services Fund 00.00 % 00.00 % 00.50 % 00.50 % 00.50 % 00.50 %
Equity Mirae Asset Emerging Bluechip Fund 00.00 % 00.00 % 00.40 % 00.40 % 00.40 % 00.40 %
Equity Mirae Asset Equity Savings Fund 00.00 % 00.00 % 00.50 % 00.50 % 00.50 % 00.50 %
Equity Mirae Asset Focused Fund 00.00 % 00.00 % 00.50 % 00.50 % 00.50 % 00.50 %
Equity Mirae Asset Great Consumer Fund 00.00 % 00.00 % 00.50 % 00.50 % 00.50 % 00.50 %
Equity Mirae Asset Healthcare Fund 00.00 % 00.00 % 00.50 % 00.50 % 00.50 % 00.50 %
Equity Mirae Asset Hybrid - Equity Fund 00.00 % 00.00 % 00.50 % 00.50 % 00.50 % 00.50 %
Equity Mirae Asset Large Cap Fund 00.00 % 00.00 % 00.45 % 00.45 % 00.45 % 00.45 %
Equity Mirae Asset Midcap fund 00.00 % 00.00 % 00.50 % 00.50 % 00.50 % 00.50 %
Equity Mirae Asset Tax Saver Fund 00.00 % 00.00 % 00.40 % 00.40 % 00.40 % 00.40 %
Equity Mirae Asset Equity Allocator Fund of Fund 00.00 % 00.00 % 00.05 % 00.05 % 00.05 % 00.05 %
FOF
Equity Mirae Asset ESG Sector Leaders Fund of Fund 00.00 % 00.00 % 00.10 % 00.10 % 00.10 % 00.10 %
FOF
Equity Mirae Asset Hang Seng TECH ETF Fund of Fund 00.00 % 00.00 % 00.15 % 00.15 % 00.15 % 00.15 %
FOF
Equity Mirae Asset NYSE FANG+ ETF Fund of Fund 00.00 % 00.00 % 00.15 % 00.15 % 00.15 % 00.15 %
FOF
Equity Mirae Asset S&P 500 Top 50 ETF Fund of Fund 00.00 % 00.00 % 00.15 % 00.15 % 00.15 % 00.15 %
FOF

*B30 Special Incentive will be paid as Trail Fee for 1st Year only
Terms and Conditions:
I. In case the investment is redeemed within one year from the date of investment the entire B30 Special Incentive paid shall
be recovered/clawed back/ set off from the future brokerage payments. B30 Special Incentive is payable for transactions
value INR 200,000/- and below received from ‘Individual Investors’ only & for the cities and pincodes defined by SEBI/AMFI
from time to time.
II. For SIPs/STPs registered w.e.f. 01 April 2019 the brokerage rate will be on the basis of transaction installment date. And
for SIP/STP registered in Mirae Asset Midcap Fund, Mirae Asset Focused Fund and Mirae Asset Tax Saver Fund schemes
between 1st April 2019 to 28th Feb 2021, please refer to our brokerage structure communication of March 2021.
III. Annualized commission including Trail Commission will be computed on monthly average AUM and paid monthly.
IV. The commission rates are inclusive of all taxes, levies, statutory dues and Goods & Services tax (GST). GST on such
commissions/incentives is payable by the distributor as a service provider.
V. For invoice generation and reporting process, please visit www.mfs.kfintech.com
VI. Switch from Regular Plan to Direct Plan and vice versa shall be subject to exit load, if any.
VII. For switches within equity schemes only Trail is payable.
VIII. The AMC reserves the right to change the entire/part brokerage structure at any time, without prior notice. The above
commission structure supersedes all the previous commission structure(s) which were communicated prior to this date for
this period if any. For latest load structure and Scheme Information Document(s) of respective schemes, Statement of
Additional Information and Addendum’s issued from time to time, please refer to our website www.miraeassetmf.co.in.
IX. In accordance with the clause 4(d) of SEBI Circular No. SEBI/ IMD/ CIR No. 4/168230/09 dated June 30, 2009, the
distributors 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. Distributors are advised to ensure compliance of the same.

THE DISTRIBUTOR AGREES THAT SOURCING OF FUNDS FOR MIRAE ASSET 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.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

1/6/2022 3:45:37 AM
SBI Mutual Fund

HSBC ARN-0022 Spl Incentive

Pricing for T 30 & B30
Jan-Mar 2022 for B30
B15_SPL_TR
SCHEMENAME SCHEMETYPE TRAIL1 TRAIL2 TRAIL3 TRAIL4
AIL
SBI Long Term Equity Fund ELSS 1.00 1.00 1.00 1.00 2.00
SBI Focused Equity Fund EQUITY 1.00 1.00 1.00 1.00 1.25
SBI Blue Chip Fund EQUITY 0.90 0.90 0.90 0.90 1.65
SBI Equity Minimum Variance Fund EQUITY 0.35 0.35 0.35 0.35 0.00
SBI Magnum Midcap Fund EQUITY 1.05 1.05 1.05 1.05 1.35
SBI Smallcap Fund EQUITY 1.10 1.10 1.10 1.10 0.60
SBI Large and Midcap Fund EQUITY 1.10 1.10 1.10 1.10 1.75
SBI Flexicap Fund EQUITY 1.00 1.00 1.00 1.00 1.45
SBI Equity Hybrid Fund EQUITY 0.85 0.85 0.85 0.85 1.75
SBI Contra Fund EQUITY 1.20 1.20 1.20 1.20 1.75
SBI Infrastructure Fund EQUITY 1.35 1.35 1.35 1.35 2.00
SBI PSU Fund EQUITY 1.35 1.35 1.35 1.35 1.25
SBI Banking And Financial Services Fund EQUITY 1.25 1.25 1.25 1.25 1.25
SBI Technology Opportunities Fund EQUITY 1.35 1.35 1.35 1.35 0.50
SBI Healthcare Opportunities Fund EQUITY 1.25 1.25 1.25 1.25 1.25
SBI Consumption Opportunities Fund EQUITY 1.30 1.30 1.30 1.30 1.75
SBI MAGNUM EQUITY ESG FUND EQUITY 1.10 1.10 1.10 1.10 1.55
SBI Magnum Global Fund EQUITY 1.00 1.00 1.00 1.00 1.70
SBI Magnum Comma Fund EQUITY 1.35 1.35 1.35 1.35 1.75
SBI Equity Savings Fund EQUITY 0.75 0.75 0.75 0.75 0.75
SBI Magnum Children's Benefit Fund- Investment Plan EQUITY 1.40 1.40 1.40 1.40 1.00
SBI Magnum Childrens Benefit Fund HYBRID 0.55 0.55 0.55 0.55 0.00
SBI International Access – US Equity FoF FOF 0.80 0.80 0.80 0.80 1.00
SBI Nifty Index Fund EQUITY 0.20 0.20 0.20 0.20 0.00
SBI Nifty Next 50 Index Fund EQUITY 0.45 0.45 0.45 0.45 0.00
SBI Arbitrage Opportunities Fund EQUITY 0.45 0.45 0.45 0.45 0.00
SBI Gold Fund FOF 0.20 0.20 0.20 0.20 0.00
SBI Debt Hybrid Fund HYBRID 0.60 0.60 0.60 0.60 0.80
SBI Multi Asset Allocation Fund HYBRID 1.00 1.00 1.00 1.00 1.00
SBI Magnum Income Fund DEBT 0.85 0.85 0.85 0.85 0.00
SBI Balanced Advantage Fund BAF 0.80 0.80 0.80 0.80 0.50
SBI Credit Risk Fund DEBT 0.90 0.90 0.90 0.90 0.00
SBI Corporate Bond Fund DEBT 0.50 0.50 0.50 0.50 1.50
SBI Magnum Constant Maturity Fund DEBT 0.30 0.30 0.30 0.30 0.00
SBI Magnum Gilt Fund DEBT 0.50 0.50 0.50 0.50 0.00
SBI Magnum Medium Duration Fund HYBRID 0.60 0.60 0.60 0.60 1.00
SBI Banking and PSU Fund DEBT 0.45 0.45 0.45 0.45 0.00
SBI Floating Rate Debt Fund DEBT 0.15 0.15 0.15 0.15 0.00
SBI Short Term Debt Fund DEBT 0.45 0.45 0.45 0.45 0.00
SBI Savings Fund ULTRA 0.50 0.50 0.50 0.50 0.00
SBI Magnum Low Duration Fund ULTRA 0.50 0.50 0.50 0.50 0.00
SBI Liquid Fund LIQUID 0.05 0.05 0.05 0.05 0.00
SBI Magnum Ultra Short Duration Fund LIQUID 0.10 0.10 0.10 0.10 0.00
SBI Overnight Fund LIQUID 0.05 0.05 0.05 0.05 0.00
SBI RETIREMENT BENEFIT FUND – AGGRESSIVE PLAN HYBRID 1.25 1.25 1.25 1.25 1.50
SBI RETIREMENT BENEFIT FUND - AGGRESSIVE HYBRID PLAN EQUITY 1.25 1.25 1.25 1.25 1.50
SBI RETIREMENT BENEFIT FUND - CONSERVATIVE HYBRID PLAN HYBRID 0.75 0.75 0.75 0.75 1.50
SBI RETIREMENT BENEFIT FUND - CONSERVATIVE PLAN DEBT 0.65 0.65 0.65 0.65 1.50

Terms & Conditions:

- The above Structure is valid for the month of January 2022 to March 2022.
- Only AMFI registered distributors empanelled with SBI Funds Management Pvt Ltd are eligible for above Brokerage structure.

- Only the Valid application form under "Regular Plan" with ARN number mentioned in the broker code cell will be considered for above brokerage structure.
- The above structure is applicable for lumpsum and SIP/STP
All distributors should abide by the code of conduct and rules/regulations laid down by SEBI & AMFI. The AMC will take disciplinary action against any
-
distrubutor who is found violating these regulations / code of conduct.
- T30 & B30 Locations are as per AMFI guidelines and list of TOP 30 locations undergo change from time to time based on the AMFI/SEBI guidelines.

In reference to the SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2018/137, dated 22nd Oct 2018, it has been decided that the additional TER can be charged based
on Inflows only from Retail Investors from B30 Cities. Subsequently SEBI circular SEBI/HO/IMD/DF2/CIR/P/2019/42 dated 25 Mar, 2019 the term 'Retail
Investor' has been decided that Inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “retail
* investor”. This circular is effective from 15th April 2019. Therefore, B-30 incentive would be dependant upon the accrual on inflows from retail Investors. The
B30 incentive shall be completely clawed back in case the investment is redeemed / Systematically Transferred /Switched out to another scheme / Switched
out to the Direct Plan within 1year of investment. B30 Incentive will be completely recovered / clawed back from the future brokerage payments.This applies
even for the exit load free period (within the applicable clawback period of 1 year) mandated due to changes in fundamental attributes of the scheme.

** Above B-30 Special Incentive is applicable only upto 14th April 2019, from 15th April 2019 onwords B-30 incentive would be dependant upon the accrual on
-
inflows from retail Investors.
In Case of any regulatory change or management decision with respect to expense ratio, the brokerage structure will be tweaked accordingly from the date of
-
change.
SBI Funds Management Pvt Ltd reserves the right to change /modify/discontinue/ withhold the rates and slabs mentioned at its sole discretion without any
-
MFCD_2_02/2022

prior intimation or notification or in case of Regulatory Changes / Change in Industry practices in respect to payment of brokerages.
- The Brokerage rates mentioned above are inclusive of Goods & Services Tax (GST) and other relevant statutory/ regulatory levies as applicable
Mutual Fund Investments are subject to market risks. Please read offer document / SID carefully before investing. For scheme specific risk factors please refer
-
to the respective offer documents. Please refer OD / SID / KIM / FactSheet / Addendums for updated details.