Mutual Fund Commissions Disclosure
As per SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09, following are the details of the comparative commission earned by GIRISH WANI ( ARN-47959) from various fund-houses, whose products are being distributed:
Commission, Brokerage and trail from Mutual funds
| Fund Category | T15 Upfront Brokerage | Trail from year 1 | B15 Upfront Brokerage | Additional Trail for year 1 |
|---|---|---|---|---|
| Equity and Balanced | 0.00% | 0.60% to 1.35% | 0.00% | 1.25% to 1.75% |
| ELSS | 0.00% | 0.60% to 1.35% | 0.00% | 1.25% to 1.75% |
| Index | 0.00% | 0.10% to 0.55% | 0.00% | 0.00% |
| Arbitrage Funds | 0.00% | 0.40% to 0.60% | 0.00% | 0.00% to 0.50% |
| Hybrid Debt | 0.00% | 0.80% to 1.10% | 0.00% | 1.25% to 1.75% |
| Gilt Funds | 0.00% | 0.45% to 0.65% | 0.00% | 0.00% |
| Medium Term Debt Funds | 0.00% | 0.50% to 0.90% | 0.00% | 0.00% |
| Short Term Debt Funds | 0.00% | 0.50% to 0.8% | 0.00% | 0.00% |
| Liquid & Floating Rate | 0.00% | 0.05% to 0.20% | 0.00% | 0.00% |
| Ultra Short & Low Duration | 0.00% | 0.40% to 0.80% | 0.00% | 0.00% to 1.00% |
The above mentioned rates are net rates after paying GST and subject to change without any prior consent and at a discretion and agreement between GIRISH WANI and the respective AMCs. This is on a best effort basis and rates are updated as and when actual rates are received from AMCs. These rates keep changing @0.25% on a monthly or quarterly basis.
Transaction Charges :
GIRISH WANI 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.
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) GIRISH WANI 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. GIRISH WANI 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 GIRISH WANI / third party from time to time.
3) GIRISH WANI is distributor of Mutual Funds. GIRISH WANI has not given any advice or recommendations about any of the fund/s invested by me. I am solely responsible for investments done.
4) Investor shall be responsible to ensure that the mutual fund application form is complete and all details as required are duly filled in. GIRISH WANI is not liable for any consequence in case any of the particulars provided are false, incorrect or incomplete.
5) In the event investor gives direct instruction to the AMC or their agents, GIRISH WANI may not be held /responsible in this regard for any reason whatsoever.