Commission Disclosure
Schedule of Commission - Mutual Funds
InCred Premier (Mvalu Technology Services Private Limited) is an AMFI - Registered Mutual Fund Distributor with ARN 275918
As per SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09, following are the details of the commission earned by (InCred Premier) from various AMCs, whose products are being distributed:
| Commission from Mutual funds | Top 30 cities |
|---|---|
| Fund Schemes | Trail |
| Equity Schemes | |
| Equity Funds | 0.20% to 1.75% |
| Hybrid Schemes | |
| Arbitrage Funds | 0.45% to 0.80% |
| Conservative Hybrid Funds | 0.20% to 1.45% |
| Other Hybrid Funds | 0.25% to 1.75% |
| Debt Schemes | |
| Overnight & Liquid Funds | 0.01% to 0.20% |
| Ultra-Short Duration, Low Duration, Money Market Fund, Short Duration Funds | 0.05% to 1.30% |
| Credit Risk | 0.50% to 1.20% |
| Gilt Funds | 0.10% to 1.00% |
| Floater Funds | 0.15% to 0.68% |
| Medium, Medium to Long, Long, Dynamic Duration Funds | 0.12% to 1.25% |
| Corporate Bond, Banking & PSU Funds | 0.09% to 0.75% |
| Other Schemes | |
| Index Funds/ETFs | 0.03% to 1.10% |
| Fund of Funds | 0.05% to 1.25% |
| Retirement & Children's Fund | 0.50% to 1.75% |
The rates of commission disclosed above:
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1. Refers to T 30 cities in India as defined by AMFI, and commission could be higher in case of B 30 cities.
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2. Are subject to change, without any prior consent and at a sole discretion and agreement between the InCred Premier and the respective AMCs.
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3. For investments subscribed into Regular/Distributor Plan which involves payment of commission to MFD. No Upfront commission is paid to/received by InCred Premier.
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4. 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 Premier could also get reimbursements towards promotion and marketing related activities conducted by InCred Premier 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 Premier does not engage any sub-distributors for distributions of mutual funds.
Transaction Charges: InCred Premier 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 Premier is empanelled with AMCs for Mutual Funds (as listed below), and accordingly the clients are requested to note that the information provided by InCred Premier is limited to the select Mutual Fund schemes that are being distributed/promoted by InCred Premier, and the clients may consider other alternate schemes/products, which are not being offered by the InCred Premier before making investment decision.
| Sr No | Mutual Funds |
|---|---|
| 1 | 360 ONE Mutual Fund |
| 2 | Aditya Birla Sun Life Mutual Fund |
| 3 | Axis Mutual Fund |
| 4 | Bajaj Finserv Mutual Fund |
| 5 | Bank of India Mutual Fund |
| 6 | Baroda BNP Paribas Mutual Fund |
| 7 | Canara Robeco Mutual Fund |
| 8 | DSP Mutual Fund |
| 9 | Edelweiss Mutual Fund |
| 10 | Franklin Templeton Mutual Fund |
| 11 | Groww Mutual Fund |
| 12 | HDFC Mutual Fund |
| 13 | Bandhan Mutual Fund |
| 14 | ICICI Prudential Mutual Fund |
| 15 | IDBI Mutual Fund |
| 16 | HSBC Mutual Fund |
| 17 | Invesco Mutual Fund |
| 18 | ITI Mutual Fund |
| 19 | JM Financial Mutual Fund |
| 20 | Kotak Mahindra Mutual Fund |
| 21 | LIC Mutual Fund |
| 22 | Mahindra Manulife Mutual Fund |
| Sr No | Mutual Funds |
|---|---|
| 23 | Mirae Asset Mutual Fund |
| 24 | Motilal Oswal Mutual Fund |
| 25 | Navi Mutual Fund |
| 26 | Nippon India Mutual Fund |
| 27 | PGIM India Mutual Fund |
| 28 | PPFAS Mutual Fund |
| 29 | NJ Mutual Fund |
| 30 | quant Mutual Fund |
| 31 | Quantum Mutual Fund |
| 32 | Samco Mutual Fund |
| 33 | SBI Mutual Fund |
| 34 | Sundaram Mutual Fund |
| 35 | Tata Mutual Fund |
| 36 | IL&FS Mutual Fund (IDF) |
| 37 | Trust Mutual Fund |
| 38 | Union Mutual Fund |
| 39 | UTI Mutual Fund |
| 40 | Shriram Mutual Fund |
| 41 | WhiteOak Capital Mutual Fund |
| 42 | Helios Mutual Fund |
| 43 | Old Bridge |
InCred Premier is not an associate/group company/ sponsor of any AMC of a Mutual Fund.
The rates of commission disclosed above:
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 0.50% to 1.75% 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 Premier(MValu Technology Services Private Limited) could also get reimbursements towards promotion and marketing related activities conducted by InCred Premier 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 Premier and the respective Portfolio Managers.
InCred Premier 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.
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