TRANSACTION CHARGES

• A transaction charges means trading expenses charged to the investor when buying or selling units of mutual funds or Exchange Traded Funds (ETFs). A transaction charges per subscription of Rs.10, 000/ – and above be allowed to be paid to the distributors of the Mutual Fund products. However, there shall be no transaction charges on direct investments.

• The transaction charge in case of existing investors in a Mutual Fund, the distributor may be paid Rs.100/- as transaction charge per subscription of Rs.10,000/- and above. There shall be no transaction charge on subscription below Rs.10,000/- and in case of new investors, the distributor may be paid Rs.150/- as transaction charge for a first time investor in Mutual Funds.

• The transaction charges, if any, shall be deducted by the AMC from the subscription amount and paid to the distributor; and the balance shall be invested. In case of Systematic Investment Plans (SIPs), the transaction charge shall be applicable only if the total commitment through SIPs amounts to Rs.10,000/- and above. In such cases the transaction charge shall be recovered in 3-4 instalments.