Schedule of Commission - Mutual Funds
InCred Wealth and Investments Services Private Limited (InCred Wealth) is an AMFI – Registered Mutual Fund Distributor & AMFI – Registered SIF Distributor with ARN 227590.
As per SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09, following are the details of the commission earned by (InCred Wealth) from various AMCs, whose products are being distributed:
| Commission from Mutual funds | Top 30 cities | Trail |
|---|---|
| Equity Schemes | |
| Equity Funds | 0.10% to 1.85% |
| Hybrid Schemes | |
| Arbitrage Funds | 0.35% to 1.23% |
| Conservative Hybrid Funds | 0.30% to 1.35% |
| Other Hybrid Funds | 0.30% to 1.70% |
| Debt Schemes | |
| Overnight & Liquid Funds | 0.01% to 0.25% |
| Ultra-Short Duration, Low Duration, Money Market Fund, Short Duration Funds | 0.05% to 0.90% |
| Credit Risk | 0.50% to 1.20% |
| Gilt Funds | 0.15% to 1.00% |
| Floater Funds | 0.15% to 0.70% |
| Medium, Medium to Long, Long, Dynamic Duration Funds | 0.13% to 1.35% |
| Corporate Bond, Banking & PSU Funds | 0.09% to 0.75% |
| Other Schemes | |
| Index Funds/ETFs | 0.03% to 0.85% |
| Fund of Funds | 0.05% to 1.25% |
| Retirement & Children's Fund | 0.52% to 1.90% |
The rates of commission disclosed above:
- refers to T 30 cities in India as defined by AMFI; and commission could be higher in case of B 30 cities
- are subject to change, without any prior consent and at a sole discretion and agreement between the InCred Wealth and the respective AMCs,
- for investments subscribed into Regular/Distributor Plan which involves payment of commission to MFD. No Upfront commission is paid to /received by InCred Wealth.
- details of scheme level commission on Mutual funds are available with your Wealth / Relationship Manager and would be produced on request.
This information is compiled on a best effort basis and rates are updated as and when they are received from AMCs.
Please note that, at the discretion of AMC, InCred Wealth could also get reimbursements towards promotion and marketing related activities conducted by InCred Wealth on behalf of AMCs. These reimbursements are event based and the same may or may not be received from AMCs in a 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.
InCred Wealth does not engage any sub-distributors for distributions of mutual funds.
Transaction Charges: InCred Wealth has Opted Out of transaction charges for all Mutual Fund schemes. 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.
InCred Wealth is empanelled with AMCs for Mutual Funds (as listed below), and accordingly the clients are requested to note that the information provided by InCred Wealth is limited to the select Mutual Fund schemes that are being distributed/promoted by InCred Wealth, and the clients may consider other alternate schemes/products, which are not being offered by the InCred Wealth before making investment decision.
| SR | AMC | SR | AMC |
|---|---|---|---|
| 1 | 360 ONE Asset Management Company | 20 | Kotak Mahindra Asset Management Company |
| 2 | Aditya Birla Asset Management Company | 21 | LIC Asset Management Company |
| 3 | Axis Asset Management Company | 22 | Mahindra Manulife Asset Management Company |
| 4 | Bandhan Asset Management Company | 23 | Mirae Asset Asset Management Company |
| 5 | Bajaj Finserv Asset Management Limited | 24 | Motilal Oswal Asset Management Company |
| 6 | BNP Paribas Asset Management Company | 25 | NAVI Asset Management Company |
| 7 | BOI Axa Asset Management Company | 26 | Nippon India Life Asset Management Ltd. |
| 8 | Canara Robeco Asset Management Company | 27 | PGIM India Asset Management Company |
| 9 | DSP Asset Management Company | 28 | PPFAS Asset Management Company |
| 10 | Edelweiss Asset Management Company | 29 | Quant Asset Management Company |
| 11 | Franklin Templeton Asset Management Company | 30 | Quantam Asset Management Company |
| 12 | Growww Asset Management Company | 31 | Samco Asset Management Company |
| 13 | HDFC Asset Management Company | 32 | SBI Funds Management Pvt. Ltd. |
| 14 | Helios Asset Management Company | 33 | Shriram Asset Management Company |
| 15 | HSBC Asset Management Company | 34 | Sundaram Asset Management Company |
| 16 | ICICI Prudential Asset Management Company | 35 | TATA Asset Management Company |
| 17 | Invesco Asset Management Company | 36 | Union Asset Management Company |
| 18 | ITI Asset Management Limited | 37 | UTI Asset Management Company |
| 19 | JM Financial Asset Mgmt Ltd | 38 | White Oak Capital Asset Management Company |
InCred Wealth is not an associate/group company/ sponsor of any AMC of a Mutual Fund.
Schedule of Commission - Portfolio Management Services
In accordance with the SEBI (Portfolio Managers) Regulations, 2020 read with SEBI circular reference no. SEBI/HO/IMD/DFl/CIR/P/2020/26 dated February 13, 2020 and Annexure C contained therein, the commission earned from various Portfolio Management Services whose services /product /investment approach are being distributed / referred is required to be disclosed to Clients and accordingly, the clients are requested to note that the same would be in the range 0.33% to 1.70% p.a (trail). No Upfront Commission is received from Portfolio Managers.
The aforesaid range of commission applies in case the investment is made at the highest management fees slab and with any change in the management fees, then the aforesaid commissions may also change. There could be additional commission arising from performance fee charged to client in case the client has opted for variable fee structure. Details of services/ product/ investment approach level commission on PMS product /investment approach are available with your Wealth / Relationship Manager and would be produced on request. Please note that, at the discretion of Portfolio Manager, InCred Wealth and Investment Services Private Limited (InCred Wealth) could also get reimbursements towards promotion and marketing related activities conducted by InCred Wealth on behalf of Portfolio Manager. These reimbursements are event based and the same may or may not be received from Portfolio Manager in a period. Further, since such activities may be carried out at Portfolio Manager level, reimbursement amount received cannot be attributed to any specific product/ investment approach being offered by such Portfolio Manager. This information is compiled on a best effort
basis and rates are updated as and when they are received from Portfolio Managers. The rates are subject to change, without any prior consent and at a sole discretion and agreement between the InCred Wealth and the respective Portfolio Managers.
InCred Wealth is a part of InCred Group and engaged in distribution of PMS products / investment approach for InCred Capital Wealth Portfolio Managers Private Limited and InCred Asset Management Private Limited, both being SEBI registered Portfolio Managers.
Please take note of risks highlighted about the product/investment approach in its offering document(s). Clients are requested to refer the Disclosure Documents of the respective Portfolio Managers carefully for further details (including if necessary, obtaining of advice of tax/ legal/ other professionals) before taking any investment / divestment related decision.