The Bank is offered commissions for mutual fund business sourced under its own ARN code. The commission earned by bank varies from Fund house to fund house and from Scheme to Scheme.
In accordance with the SEBI circular : SEBI/IMD/CIR No. 4/ 168230/09 and RBI guidelines on Marketing/Distribution of Mutual Funds following are the details of the commission earned by the Bank from various fund-houses, whose products are being distributed.
|
Scheme Type
|
Trail Year 1 Onwards
|
|
Equity Funds
|
0.2% - 1.8%
|
|
Hybrid Funds
|
0.1% -1.5%
|
|
Debt Funds
|
0.1%-1.5%
|
|
Arbitrage Funds
|
0.04%- 1%
|
|
Liquid Funds
|
0.04%-0.5%
|
|
Solution Oriented and other Mutual Funds
|
0.04% - 1.8%
|
For investors in Mutual Funds from B-30 locations, an additional commission of 0%-1.75 % will be paid by Fund Houses.
Please select the AMC for more details on the scheme wise commission structure: