Brokerage Structure Effective from October 01, … · Brokerage Structure Effective from October 01, 2017 to December 31 , 2017 Name of the Scheme Amount / Special condition Distribution

Brokerage Structure

Effective from April 01, 2018 to June 30 , 2018

Name of the Scheme Amount / Special condition Distribution Incentive Special Incentive for other than T30

Locations (%) Trail Year 1 (%)(p.a.) (A.P.M.)* Trail Year 2 (%)(p.a.) (A.P.M.)* Trail Year 3 (%)(p.a.)(A.P.M.)*

Trail Year 4 onwards

(%)(p.a.)(A.P.M.)*

Equity Schemes

Axis Equity Fund Not Applicable 0.25 1.50 1.25 1.25 1.25 1.25

Axis MidCap Fund Not Applicable 0.25 1.50 1.25 1.25 1.25 1.25

Axis Focused 25 Fund Not Applicable 0.25 1.50 1.25 1.25 1.25 1.25

Axis Enhanced Arbitrage Fund Not Applicable NIL NIL 0.45 0.45 0.45 0.45

Hybrid Schemes / Income Schemes with Equity Exposure

Axis Income Saver Not Applicable 0.25 1.50 1.25 1.25 1.25 1.25

Axis Triple Advantage Fund Not Applicable 0.25 1.50 1.00 1.00 1.00 1.00

Axis Equity Saver Fund Not Applicable 0.25 1.50 1.25 1.25 1.25 1.25

Axis Children’s gift fund Not Applicable 0.25 1.50 1.25 1.25 1.25 1.25

Axis Dynamic Equity Fund Not Applicable 0.25 1.50 1.25 1.25 1.25 1.25

Axis Multicap Fund Not Applicable 0.25 1.25 1.25 1.25 1.25 1.25

ELSS Scheme

Axis Long Term Equity Fund Not Applicable 0.25 1.50 1.05 1.05 1.05 1.05

Debt Scheme

Axis Regular Saving Fund Not Applicable NIL NIL 0.75 0.75 0.75 0.60

Axis Dynamic Bond Fund Not Applicable NIL 0.50 0.75 0.75 0.75 0.50

Axis Short Term Fund Not Applicable NIL NIL 0.50 0.50 0.50 0.50

Axis Fixed Income Opportunities

Fund Not Applicable NIL 0.75 0.75 0.75 0.75 0.50

Axis Banking Debt Fund Not Applicable NIL NIL 0.15 0.15 0.15 0.15

Axis Treasury Advantage Fund Not Applicable NIL NIL 0.25 0.25 0.25 0.20

Axis Corporate Debt opportunities

fund Not Applicable NIL NIL 0.65 0.65 0.65 0.65

Gilt Scheme

Axis Constant Maturity 10 Year Fund Not Applicable NIL NIL 0.20 0.20 0.20 0.20

Gold Fund

Axis Gold Fund Not Applicable NIL NIL 0.40 0.40 0.40 0.40

Liquid Scheme

Axis Liquid Fund Not Applicable NIL NIL 0.03 0.03 0.03 0.03

A.P.M.* - Annualized Payable Monthly

Minimum Investment Amount and Load Structure

April 01, 2018 to June 30 , 2018

Name of the Scheme Minimum instalment Amount for

Lumpsum Investments(Rs)

Minimum instalment Amount for

Systematic Investment Plan / Systematic

Transfer Plan (Rs)

Clawback Period for Distribution

Incentive and Promotional Incentive Exit Load

Equity Schemes

Axis Equity Fund 5000 1000 12 Months If redeemed / switched out within 12 months from the date of allotment: For 10% of investment is NIL and for remaining

investment is 1%. . If redeemed / switched out after 12 months from the date of allotment:: NIL

Axis MidCap Fund 5000 1000 12 Months If redeemed / switched out within 12 months from the date of allotment: For 10% of investment is NIL and for remaining


Axis Focused 25 Fund 5000 1000 12 Months If redeemed / switched out within 12 months from the date of allotment: For 10% of investment is NIL and for remaining


Axis Enhanced Arbitrage Fund 5000 1000 Not Applicable 0.25% if redeemed / switched out within 7 days from the date of allotment

Hybrid Schemes / Income Schemes with Equity Exposure

Axis Income Saver 5000 1000 12 Months 1.00% if redeemed / switched out within 12 months from the date of allotment

Axis Triple Advantage Fund 5000 1000 12 Months 1.00 % if redeemed/switched out within 1 year from date of allotment

Axis Equity Saver Fund 5000 1000 12 Months If redeemed / switched out within 12 months from the date of allotment: For 10% of investment is NIL and for remaining


Axis Children’s gift fund (Lock In) 5000 1000 Not Applicable Investment will be locked-in till the child is 18 years of age or 3 years from the date of investment, whichever is

later . Investment may be redeem after lock in . No exit load applicable

Axis Children’s gift fund

(non-Lock in) 5000 1000 12 Months

Investment can be redeem at any point of time at NAV-based prices subject to exit load 3% if exited within 1 year ,2% if exited

after 1 but before 2 years,1% if exited after 2 but before 3 years ,no exit load past 3 years

Axis Dynamic Equity Fund 5000 1000 12 Months If redeemed / switched out within 12 months from the date of allotment: For 10% of investment is NIL and for remaining


Axis Multicap Fund 5000 1000 12 Months 1.00% if redeemed / switched out within 12 months from the date of allotment

ELSS Scheme

Axis Long Term Equity Fund 500 500 Not Applicable NIL

Debt Schemes

Axis Regular Saving Fund 5000 1000 12 Months If redeemed / switched out within 12 months from the date of allotment: For 10% of investment is NIL and for remaining

investment is 1%. . If redeemed / switched out after 12 months from the date of allotment : NIL

Axis Dynamic Bond Fund 5000 1000 Not Applicable NIL

Axis Short Term Fund 5000 1000 Not Applicable NIL

Axis Fixed Income Opportunities Fund 5000 1000 12 Months If redeemed / switched out within 12 months from the date of allotment: For 10% of investment is NIL and for remaining

investment is 1%. . If redeemed / switched out after 12 months from the date of allotment : NIL

Axis Banking and PSU Debt Fund 5000 1000 Not Applicable NIL

Axis Treasury Advantage Fund 5000 1000 Not Applicable NIL

Axis Corporate Debt Opportunities fund 5000 1000 Not Applicable NIL

Gilt Scheme

Axis Constant Maturity 10 Year Fund 5000 1000 Not Applicable NIL

Gold Fund

Axis Gold Fund 5000 1000 1 Year 1.00% if redeemed / switched out within 1 year from the date of allotment

Liquid Scheme

Axis Liquid Fund 5000 - Not Applicable NIL

Notes:

A. General:

1. This is further to your empanelment with Axis Asset Management Company Limited .

2. All incentives (and any other promotional incentive) outlined in the table above are applicable for the period April 01,2018 to June 30, 2018. However, Axis Asset Management Company Limited (AAMC) reserves the right to

change the applicable Brokerage Rates as it may deem fit without any prior intimation or notification – Distribution Incentive/ Special incentive in the intermittent period in case of Regulatory Changes / Change in Industry

practices in respect to payment of Brokerage on Funds or due to any other circumstances which AAMC may deem fit.

3. Top 15 cities refers to Top 15 Cities provided by AMFI & Beyond 15 cities refers to all the cities beyond the Top 15 cities. The list of Top 15 cities currently is: Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Hyderabad,

Jaipur, Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai), New Delhi(including NCR), Panjim, Pune and Surat. However the list is subject to change as and when AMFI/SEBI notify the same.

4. Recovery of Distribution incentive Paid: Given the changes in the Regulations w.e.f. October 1, 2012, a new Clause of Recovery of distribution incentive (inclusive of any promotional incentive) paid to the Distributor is being

introduced in the following manner:

a. The Distribution incentive for all schemes paid to a Distributor will be recovered from the Distributor, if the money (for which such distribution incentive was paid) is redeemed (change in the broker code shall be considered as

redemption) before the completion of the exit load period or 1 year , whichever is lower from the date of allotment of units (specified period) for such scheme/ investment.

b. The Recovery will be made on a pro-rata basis, depending upon the number of days for which the investment has stayed invested in the fund before being redeemed within the specified period.

i. No. of days will be considered for the computation of the recoveries wherever the specified period are mentioned in months – 1 month will be considered as 30 days, 3 months as 91 days, 6 months as 182 days, 9 months as 270

days and 1 year as 365 days respectively.

ii. For redemptions within the specified period, the recovery of the brokerage will be equal to distribution incentive paid x (No. of days for the specified period – No. of days the monies have stayed in the funds) / (No. of days for

the specified period).

c. The following example explains the same:

i. A distribution incentive of 0.75% is paid on an Equity Fund, where the specified period is 1 year. For an investment of Rs. 100,000/-, a distributor would be paid a sum of Rs. 750/- as the distribution incentive

ii. The investor redeems this money exactly after completion of 180 days.

iii. In this case, the recovery will be Rs. 380.14, computed as ((750 * (365 – 180))/365 as per the above formula.

d. The Recovery will be made from the Brokerage payable to the Distributor for the month in which redemption has been made. E.g. If the rede ptio has ee ade i the o th of O to er ’ , the re o er ill e ade fro the Brokerage pa a le for the o th of O to er ’ i No e er ’ . e. In case the Brokerage payable to the Distributor is insufficient to cover the Recovery amount, the distributor shall be asked to remit the excess payment by Cheque to the AMC. In case of any delay of more than 10 days in refund

of Brokerage / Commission (required to be clawed back) by the distributor, the distributor shall be liable to pay the outstanding brokerage / commission together with interest at 15% p.a. on the amount outstanding. The AAMC may

approach AMFI / initiate appropriate legal proceedings, as it may deem fit, in case of non payment by the distributor.

5. Recovery of Special incentive Paid: Given the changes in the Regulations w.e.f. October 1, 2012, a new clause of recovery of special incentive paid to the distributor is being introduced in the following manner:

a. The special incentive paid to a distributor will be recovered in full from the distributor, if the investment (for which such special incentive was paid) is redeemed before the completion of one year (365 days) for such scheme/

investment.

b. The Recovery will be made from the brokerage payable to the distributor for the month in which redemption has been made. E.g. If the rede ptio has ee ade i the o th of O to er ’ , the re o er ill e ade fro the Brokerage pa a le for the o th of O to er ’ i No e er ’ . c. In case the Brokerage payable to the distributor is insufficient to cover the recovery amount, the recovery will be tried for three consecutive months. In case the recovery is still not possible, a demand notice will be sent to the

distributor asking him to refund the money to the AMC. In case the distributor does not pay the money within 1 month from the date of the receipt of the notice, the AAMC will approach AMFI for the resolution of the same or

initiate the required corrective action including legal proceedings as it may deem fit.

RECOVERY OF THE DISTRIBUTION INCENTIVE OR SPECIAL INCENTIVE WILL BE AT THE ARN LEVEL AND NOT AT THE SCHEME LEVEL.

THE DISTRIBUTOR AGREES THAT SOURCING OF FUNDS AFTER OCTOBER 01, 2012 FOR AXIS MUTUAL FUND SCHEME(S) AFTER RECEIPT OF THIS BROKERAGE STRUCTURE INCLUDING THE ABOVE REFERRED TERMS AND CONDITIONS

SHALL BE CONSTRUED AS AN AGREEMENT OF HIS/HER/ITS ACCEPTANCE TO THE TERMS AND CONDITIONS.

B. Statutory/ AMFI Regulations

1) The commission structure communicated by Axis Asset Management Company Limited from time to time is all inclusive i.e. inclusive of any cess, charges, taxes, etc. that may be applicable to the Distributor and eligible for all the applicable statutory

deductions, including Income Tax,GST and any other indirect taxes as may be applicable if any.

2) Investment in Axis Long Term Equity Fund (an Open-ended equity linked saving scheme with a 3 year lock in) is currently eligible for deduction under Section 80C of the Income Tax Act, 1961. Investors should be requested to consult their tax advisor in this

matter.

3) The rules and regulations of SEBI/ AMFI pertaining to brokerage payment to distributors will also be applicable for payment of the above mentioned brokerage structure.

4) The above brokerage structure is based on the present expense ratio allowed by SEBI. Any change by SEBI in the expense ratio will entail a change in the above brokerage structure.

5) In case any Assets under your ARN Code are transferred to another Distributor at the request of the Investor, you shall not be entitled to receive any trail commission on such assets. Further, the payments of Trail Commission on Assets that are transferred

from another Distributor to your ARN Code shall be subject to us receiving a Cleara e Certifi ate from the previous Distributor and shall be subject to applicable rules. Please contact the AMC or in its Instruction for further details.

6) The distributors shall adhere to all applicable SEBI Regulations and more particularly SEBI circulars dated June 26, 2002 and August 27, 2009 on the Code of Conduct and other guidelines issued by AMFI from time to time for mutual fund distributors and

ensure that (i) no rebate is given to investors in any form and (ii) there is no splitting of applications for any benefit.

7) As per the guidelines issued by SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) upfront commission will be paid by the investor directly to his Distributor / Advisor based on his assessment of various factors including the service rendered by the

Distributor / Advisor. Further, the Distributor / Advisor is required to disclose to customers all the commissions (in the form of trail commission or any other mode) received by him for different competing schemes of various mutual funds from amongst which

the Scheme of Axis Mutual Fund (AMF) is being recommended to them.

8) In terms of SEBI / AMFI circulars / guidelines, the Channel Partners shall submit to Axis Mutual Fund all account opening and transaction documentation including Know Your Client, Power of Attorney (PoA), Account Opening Form, etc. in respect of investors /

transactions through Channel Partners. Further, the payment of commission shall be made by AAMC depending on the documentation completion status.

9) SEBI has communicated to all mutual Fund/ AMCs that any sales, marketing, promotional or other literature / material about the fund house products prepared by its distributors need to adhere and comply with the guidelines issued by SEBI with respect to

the advertisement by Mutual Funds. It has further advised the AMCs to take suitable steps for put in place a mechanism for proactive oversight in this regard.

The Distributor shall not make representations/ statements concerning the units of the schemes other than as contained in the current SID(s), Key Information Memorandum and printed information issued by Axis Mutual Fund / Axis Asset Management

Company Limited as information supplemental to such documents. The Distributor shall only use such advertising / sales material for distributing / selling activities as provided approved by Axis Asset Management Company Limited when advertising. The

Distributor shall not indulge in any kind of malpractice or unethical practice to sell, market or induce any investor to buy mutual AMF units which may directly / indirectly impact Axis Mutual Fund/Axis Asset Management Company Limited in any manner.

10) In terms of a SEBI directive, the Distributor / Advisor shall not take any Irrevocable Power of Attorney from its clients in connection with investments in the schemes of Axis Mutual Fund and that the liability of Distributor / Advisor shall not be limited and

depend upon his failure to discharge his obligations.

11) AMFI has vide circular dated August 27, 2010 introduced Know Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 2010, which is similar to Know Your Client (KYC) norms for investors, requiring the distributors to submit

identity proof, address, PAN and bank account details with proof. KYD norms are applicable for fresh ARN registrations and ARN renewals effective September 1, 2010. The existing ARN holders are required to comply with these norms by March 31, 2011, failing

which AMCs have been mandated to suspend payment of commission till the distributors comply with the requirements. All the Distributors / Advisors are encouraged to complete the KYD requirements at the earliest. The KYD Forms and Process Note are

available on AMFI website www.amfiindia.com.

12)This brokerage structure is subject to EUIN regulations/guidelines as specified by SEBI/AMFI and/or adopted by the Mutual Fund Industry.

13) The decision of the AMC shall be considered final.

14) Any claims, disputes or difference arising under or in connection with this arrangement or anything done or omitted to be done pursuant hereto shall be subject to the exclusive jurisdiction of the civil courts in Mumbai.

15) In the event of excess payment of brokerage to the Distributor, AAMC shall have the right to deduct and appropriate the excess amount from any amounts subsequently payable by the AMC to the Distributor. In the event that no subsequent amount is

payable by the AMC to the Distributor, the Distributor shall refund the same to the AMC within 30 days of demand by the AMC.

16) Mutual fund registered distributors are required to raise an invoice in favour of " Axis Asset Management Company Limited" .The invoice should contain Axis AMC's GSTIN ( 27AAHCA5892J1Z6) and will be addressed to Axis AMC's registered Address -"1st

floor, Axis House, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli , Mumbai – , Maharashtra. I ase of u registered distri utors , A is AMC ill ha e to al ulate rokerages u der re erse charge mechanism and deduct GST from the

due brokerages and deposit with the treasury on distributors behalf(*). The GST once deducted and paid to the Government will not be reimbursed to you on subsequent furnishing of GSTIN.

(*) For unregistered Mutual Fund Distributor, reverse charge mechanism will not be applicable for the payments made from 13th of October 2017 till 31st of March, 2018 or any other notified date vide notification no. 38/2017-Central Tax (Rate) dated 13th

October 2017.

17) In respect of clawback , distributor shall raise a credit note for such claw back amount within the deadline mentioned under GST law.

The trail outlined as First Year will be paid from the date of allotment of the units till the end of 1st year from the date of allotment, provided the Assets remain invested in the fund. Similarly, the Second Year trail will be paid from the beginning of the second

year from the date of allotment of the units till the end of the 2nd year, provided the Assets remain invested in the fund. The Third Year onwards trail will be paid from the beginning of the 3rd year from the date of the allotment till such time that the Assets, to

which the trail relates to, remain invested in the fund. The trail payments will be made in each year as outlined above, provided that the Total Expense Ratio and / or Brokerage payment from the relevant fund remain unchanged as applicable on the date of the

brokerage structure and on the date of actual allotment of units for which the appropriate additional incentive (FYT / SYT / TYT onwards) is payable. The AMC reserves the right to review these rates and make changes as appropriate including in the event where

the total expense ratio changes at a later date. The Distributor may or may not be intimated of any changes, to the computation/ payment of trail.

http://www.amfiindia.com/





Super Premium - All Trail (ND) T-30 & B-30 B - 30

Equity Funds Exit Load Trail 1 YR onwardsAdditional

Upfront *

Baroda Pioneer Growth Fund 1.00% if redeemed on or before 365 days, Nil thereafter 1.40% 1.40% 1.50% 2.90%

Baroda Pioneer Large Cap Fund 1.00% if redeemed on or before 365 days, Nil thereafter 1.50% 1.50% 1.50% 3.00%

Baroda Pioneer Mid Cap Fund 1.00% if redeemed on or before 365 days, Nil thereafter 1.50% 1.50% 1.50% 3.00%

Baroda Pionner Banking & Fin Serv Fund 1.00% if redeemed on or before 365 days, Nil thereafter 1.50% 1.50% 1.50% 3.00%

Baroda Pioneer Balance Fund 1.00% if redeemed on or before 365 days, Nil thereafter 1.40% 1.40% 1.50% 2.90%

Baroda Pioneer ELSS 96 Fund NIL 1.50% 1.50% 1.50% 3.00%

Debt Funds

Baroda Pioneer MIP Fund NIL 1.00% 1.00% 0.00% 1.00%

Baroda Pioneer Liquid Fund NIL 0.08% 0.08% NA 0.08%

Baroda Pioneer Treasury Advantage NIL 0.30% 0.30% NA 0.30%

Baroda Pioneer Credit Opportunities Fund 1.00% 1.00% 1.00% 2.00%

Baroda Pioneer Income Fund 1.00% 1.00% 0.00% 1.00%

Baroda Pioneer Short Term Bond 0.25% if redeemed on or before 15 days; nil thereafter 0.80% 0.80% NA 0.80%

Baroda Pioneer Dynamic Bond 0.50% if redeemed on or before 3 months, Nil thereafter 1.00% 1.00% 0.00% 1.00%

Baroda Pioneer Gilt Fund0.25% if redeemed on or before one month (30 days) from the date of

allotment.0.75% 0.75% NA 0.75%

Total T-30

Payout

Total B-30

Payout

1Yr

Note : We are awaiting list of T-30 & B-30 locations from AMFI. B-30 brokerage will be applicable from the date BPMF starts charging the applicable TER upon finalisation

and communication of T30 cities by AMFI.

Baroda Pioneer Brokerage Structure - Apr-Jun'18

* Payment for April and May 2018 will be released alongwith brokerage computation of June 2018 (payout in July 18)

• If units are redeemed upto 10% of the units, on or before one year from the date of allotment : Nil • If units are redeemed over and

above the 10% limit, on or before one year from the date of allotment

: 1% of the applicable Net Asset Value (NAV) • If units are redeemed after one year from the date of allotment : Nil

Terms & Conditions

4. The AMC reserves the right to change the above incentive structure without any prior intimation.

5. You are advised to abide by the code of conduct and rules/regulations laid down by SEBI and AMFI from time to time.

a. For full redemption before exit load period: Brokerage Amount paid (upfront)*{(365-No. of days stayed invested in the fund)/365}

8. The claw back amount, if applicable, will be arrived at on the basis of following formula:

b. For partial redemption before exit load period : Units Redeemed * Brokerage rate per unit * {(365-No. of days stayed invested in fund)/365}

7. In case the investment is redeemed/switched within the exit load period, as applicable under the fund, then the proportionate (i.e. for the remaining period of exit load period) of upfront

commission & additional upfront incentive (if any) shall be recovered/clawed back/set off from future payments or recovered through a reverse payment from the ARN Holder as the case

may be.

2. Only AMFI / NISM registered distributors, empanelled with Baroda Pioneer AMC Ltd, are eligible for the above incentive structure.

3. Only valid application forms, with complete ARN number mentioned in the broker code column, & EUIN no. will be considered for the above incentive structure.

6. B-30 Brokerage will be applicable from the date BPMF starts charging the applicable TER upon finalisation and communication of T30 cities by AMFI.

Clawback Terms

1. The above structure is valid only for the period mentioned above to the distributors to whom it is specifically communicated

13. As per the guidelines issued by SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) the upfront commission will be paid by the investor directly to his distributor/advisor based on his

assessment of various factors including the service rendered by the distributor/advisor. Further, the distributor/advisor is required to disclose to customers all the commissions (in the form of trail

commission or any other mode) received by him for different competing schemes of various mutual funds from amongst which the scheme of Baroda Pioneer Mutual Fund (BPMF) is being

recommended to them.

14. In terms of SEBI/AMFI circulars/guidelines, the Channel Partners shall submit to the Mutual Fund all account opening and transaction documentation including Know Your Client, Power of

Attorney (PoA), Account Opening Form, etc. in respect of investors/transactions through Channel Partner. Further, the payment of commission shall be made depending on the documentation

completion status.

15. AMFI has vide circular dated August 27, 2010 introduced Know Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 2010, which is similar to Know Your

Client (KYC) norms for investors, requiring the distributors to submit identity proof, address, PAN and bank account details with proof. KYD norms are applicable for fresh ARN registrations and

ARN renewals effective September 1, 2010.

16. Distributors/advisors shall ensure that the Scheme Information Documents, addendums and Statement of Additional Information of the Mutual Fund are made available to their clients for

making informed investment decisions. These documents can be downloaded from our website www.barodapioneer.in

(Where Brokerage rate per unit = Gross brokerage paid/No. of units allotted)

9. New SIP Mandates registered will also be subject to claw back provisions as mentioned at Sr 7 & 8 above

10. The above brokerage structure is based on the present expense ratio allowed by SEBI. Any change by SEBI in the expense ratio will entail a change in the above brokerage structure,

including the annualised and long term trail, and such revised structure will be applicable to all old and new transactions with the date as may be specified. The same will be binding on the

distributors. Similarly, the current structure is based on AMFI's recent best practices guidelines with regard to commission payouts. Should there be any changes to the guidelines necessitating

amendments to the extent desired by BPMF, the structure would undergo change and the same will be communicated accordingly.

11. In case the investment is through split transactions having same PAN, Distributor code and scheme name and on the same day, the applicable brokerage would be computed on a

consolidated amount.

12. The commission / incentive structure communicated by the AMC from time to time is all inclusive i.e. inclusive of any cess, charges, taxes, etc. that may be applicable to the distributor. The

distributor is responsible for discharge of his / her / its tax obligations.

Structure effective from 1st Mar'18- till further notice of change

Category Scheme Name

3 yr

Pricing

(T15)

3 yr

Pricing

(B15)

Trail 1st

Year

Trail 2nd

Year

onwards

B 15

Special

Upfront

Incentive

#

ABSL Top 100,

ABSL Advantage Fund,

ABSL Equity,

ABSL Midcap

3.60 5.10 1.20 1.20 1.50

ABSL Balanced '95 3.60 5.10 1.20 1.20 1.50

ABSL Frontline Equity 3.15 4.65 1.05 1.05 1.50

ABSL Balanced Advantage(BAF) 3.90 5.40 1.30 1.30 1.50

ABSL Equity Savings Fund 3.75 5.25 1.25 1.25 1.50

TACTICAL FUNDS

ABSL Pure Value Fund,

ABSL Banking and Financial Services Fund,

ABSL MNC,

ABSL Small & Midcap Fund

3.75 5.25 1.25 1.25 1.50

ELSS ABSL Tax Relief '96,ABSL Tax Plan 3.30 4.80 1.10 1.10 1.50

Arbitrage ABSL Enhanced Arbitrage Fund 1.95 1.95 0.65 0.65 0.00

Other Equity

ABSL India Gen Next Fund,

ABSL Manufacturing Equity Fund,

ABSL International Equity - Plan A & B, ABSL India Reforms Fund , ABSL

India Opportunities Fund, ABSL Infrastructure Fund, ABSL New Millennium

Fund, ABSL Special Situations Fund, ABSL Dividend Yield Plus,

3.60 5.10 1.20 1.20 1.50

Index ABSL Index Fund 0.75 0.75 0.25 0.25 0.00

ABSL Active Debt Multi Manager,

ABSL Asset Allocator Multi Manager0.30 0.30 0.10 0.10 0.00

Other FoF Schemes (Refer Scheme Names in T&C) 1.80 1.80 0.60 0.60 0.00

ABSL MIP II - Wealth 25 Plan 3.45 4.95 1.15 1.15 1.50

ABSL MIP II-Savings 5 Plan,

ABSL MIP3.90 4.90 1.30 1.30 1.00

ABSL Monthly Income 2.25 2.75 0.75 0.75 0.50

Debt 1 ABSL Cash Manager 2.00 2.00 0.80 0.60 0.00

Debt 2 ABSL Short Term Opportunities Fund 2.40 2.90 0.80 0.80 0.50

Debt 3 ABSL Dynamic Bond Fund 2.55 2.80 0.85 0.85 0.25

Debt - 4A ABSL Medium term Plan 2.70 3.45 0.90 0.90 0.75

Debt - 4B ABSL Corporate Bond Fund 3.30 4.30 1.10 1.10 1.00

Debt - 4CABSL Cash Plus, ABSL Floating Rate Fund - Short Term Plan,ABSL Floating

Rate Fund - Long Term Plan & ABSL Savings Fund0.30 0.30 0.10 0.10 0.00

Debt - 5A ABSL Short Term Fund 0.30 0.30 0.10 0.10 0.00

Debt - 5BABSL Constant Maturity 10Yrs,

ABSL Treasury Optimizer Plan0.75 0.75 0.25 0.25 0.00

Debt - 5C ABSL Gilt Plus - PF Plan, ABSL Income Plus 2.25 2.25 0.75 0.75 0.00

Debt - 5D ABSL Banking & PSU Debt Fund 1.20 1.20 0.40 0.40 0.00

DEBT

MIP

Total Brokerage (%) inclusive of all taxes

Refer attached Notes and T&C for more details Sup_AT_Per

MIP

FOF

EQUITY

ASSET ALLOCATION

CORE FUNDS

Notes

FoF List

Load Structure *

Claw back_ Upfront #

Claw back_B15 Special

Incentive #

T15 & B15 Locations

Adl Upfront

Aditya Birla Sun Life Asset Management Company Ltd. reserves the right to change /modify/discontinue/ withhold the rates and slabs

mentioned at its sole discretion without any prior intimation or notification or in case of Regulatory Changes / Change in Industry

practices in respect to payment of Brokerages. The AMC, its employees or Trustees shall not be responsible for any losses incurred by

anyone due to change or errors in the brokerage structure.

For switch-out(s) made from any open ended Equity or Balanced scheme to any another Open ended Equity or Balanced Scheme:Exit

load as applicable to the respective scheme will be charged and brokerage to be paid as applicable . For Investments and Switches into

Direct Plan, Brokerage would not be paid

Total Distributor Commission/ Brokerage /Incentive shall be the aggregate of Upfront Commission, Trail Commission and Marketing

Support Expenses as expressed in basis points at transaction level.All these shall be inclusive of all statutory levies including service tax.

Marketing Support Expenses are any expenses reimbursed to the distributor or incurred for on behalf of the distributor including gift

vouchers, debit notes, event sponsorships, per application incentives, overseas & outstation trips ( excluding for training programs) and

benefits under reward and recognition/loyalty program like Privilege Club

All Brokerages/Incentives are gross & inclusive of all statutory levies including service tax & other cess. The brokerage strucure

mentioned herein is solely payable to AMFI certified & KYD complied distributors. This brokerage structure is applicable only to

distributors of Aditya Birla Sun Life Asset Management Co Ltd and can be changed / withholding by the AMC as its sole discretion

without any prior intimation or notification. All distributors should abide by the code of conduct and rules/regulations laid down by SEBI

& AMFI. The AMC will take disciplinary action against any distrubutor who is found violating these regulations / code of conduct.

Distributors shall comply with SEBI circular dated June 26, 2002 on code of conduct & SEBI regulations from time to time, including SEBI

circular, dated June 30, 2009 with respect to disclosures to be made by distributors to investors.

ABSL Active Debt Multi Manager FoF Scheme, ABSL Asset Allocator Multi Manager FoF Scheme, ABSL Commodity Equities Fund - Global

Agri Plan, ABSL Financial Planning FoF – Aggressive, ABSL Financial Planning FoF – Conservative, ABSL Financial Planning FoF – Prudent, ABSL Global Commodities Fund, ABSL Global Real Estate Fund & ABSL Gold Fund

Please refer OD / SID / KIM / FactSheet / Addendums for updated details.

Subject to proportionate claw back in case investment is redeemed / Systematically Transferred /Switched out within the applicable

claw back period of each scheme mentioned in the above table. The clawback clause can be changed /modified/discontinued/

withholding by the ABSLMF at its sole discretion without any prior intimation or notification.

Terms and conditions

As per AMFI guidelines

The rate defined in the structure would be applicable for lump sum as well as SIP, STP & CSIP investments.

Mutual Fund Investments are subject to market risks. Please read offer document / SID carefully before investing. For scheme specific

risk factors please refer to the respective offer documents. Please refer OD / SID / KIM / FactSheet / Addendums for updated details.

In case the investment is redeemed / Systematically Transferred /Switched out to another scheme / Switched out to the Direct Plan

within 12 months of investment, B15 Incentive will be completely recovered / clawed back from the future brokerage payments

This benefit is payable on all transaction including Lumpsum/SIP/STP

Scheme Name Application Amount Exit Load

<Rs. 2 Cr =>Rs.2 Cr <Rs. 2 Cr =>Rs.2 Cr

<Rs. 2 Cr =>Rs.2 Cr <Rs. 2 Cr =>Rs.2 Cr

BOI AXA Equity Debt Rebalancer Fund Lumpsum >= Rs.5000

BOI AXA Mid & Small Cap Equity & Debt Fund

( Formely BOI AXA Mid Cap Equity & Debt Fund)Lumpsum >= Rs.5000

BOI AXA Conservative Hybrid Fund

( Formerly BOI AXA Regular Return Fund)Lumpsum (>= Rs. 10,000)

Terms & Conditions:

1. Please note the above brokerage rates are subjected to SEBI change The brokerage rates are applicable for all purchases made from 1st April 2018 to 30th April 2018 .

2. The above brokerage structure will be applicable for Normal Purchases, switches, systematic transactions (at the time of registration) and liquity wherever applicable.

3. The brokerage/commissions indicated above are on gross basis. No GST (Goods and Services Tax) would be deducted for GST registered /unregistered distributors. The Distributors registered under

GST has to pay the required tax directly to the Government.

4. Decision of AMC pertaining to brokerage calculation and other matters pertaining thereto shall be final & binding.BOI AXA AMC may change the rate/periodicity etc. of commission / trail commission in

case of change in regulations/ expense ratio and any other factors which have an impact on such payments

5. BOI AXA Investment Managers reserves the right for claw back brokerages based on AMFI Code of Ethics insertion of Clause 9 - OBSERVANCE OF STATUTES, RULES AND REGULATIONS

6. The rules/ regulations of SEBI/ AMFI pertaining to brokerage payment to distributors shall also apply. Distributors shall comply with SEBI circular dated June 26, 2002 on Code of Conduct and SEBI

Regulations from time to time.

7. Please refer to SEBI Circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 regarding transparency in commissions. You are requested to take note of Para numbered 4 (d) of that circular which

states as follows: “The distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor”. Distributor is required to act accordingly.8. Please read the latest Scheme Information Document / Statement of Additional Information carefully to confirm scheme details.

9. EUIN(Employee Unique Identification Number) is mandatory for all investments through ARN Code.

1% (first year onwards)

0.75% 0.25%

0.75% 0.25%

BOI AXA Tax Advantage Fund >=Rs. 500 0.75%

0.75%

BOI AXA Large & Mid cap Equity Funds

( Formerly BOI AXA Equity Fund)Lumpsum >= Rs.5000 0.75% NIL 0.50% 1.25%

Refer our Website for the latest Exit

Load

0.25%

BOI AXA Manufacturing & Infrastructure Fund Lumpsum >= Rs.5000

BOI AXA Investment Managers: Brokerage Structure - Equity Schemes : 1st April 2018 - 30th April 2018

Upfront Brokerage Trail 1st Yr onwards (%p.a)

All Cities All Cities

0.75% NIL 0.50% 1.25%

Scheme Name Application Amount Entry Load Exit Load Upfront Brokerage Trail 1stYr (%p.a) onwards Trail 2nd Yr onwards (%p.a)

BOI AXA Liquid FundRegular Plan

(>=Rs.5,000 )Nil NIL 0.03% 0.03%

BOI AXA Ultra Short Duration Fund

(Formerly BOI AXA Treasury Advantage Fund)

Regular Plan

(>=Rs.5,000 )Nil NIL 0.20% 0.20%

BOI AXA Short Term Income FundRegular Plan

(>=Rs.5,000)Nil NIL 0.50% 0.50%

BOI AXA Investment Managers: Brokerage Structure - Fixed Income Schemes : 1st April 2018 - 30th April 2018

Terms & Conditions:

1. Please note the above brokerage rates are subjected to SEBI change The brokerage rates are applicable for all purchases made from 1st April 2018 to 30th April 2018 .

2. The above brokerage structure will be applicable for Normal Purchases, switches, systematic transactions (at the time of registration) and liquity wherever applicable.

3. The brokerage/commissions indicated above are on gross basis. No GST (Goods and Services Tax) would be deducted for GST registered /unregistered distributors. The Distributors registered under GST has to pay the required

tax directly to the Government.

4. Decision of AMC pertaining to brokerage calculation and other matters pertaining thereto shall be final & binding.BOI AXA AMC may change the rate/periodicity etc. of commission / trail commission in case of change in regulations/

expense ratio and any other factors which have an impact on such payments

5. BOI AXA Investment Managers reserves the right for claw back brokerages based on AMFI Code of Ethics insertion of Clause 9 - OBSERVANCE OF STATUTES, RULES AND REGULATIONS

6. The rules/ regulations of SEBI/ AMFI pertaining to brokerage payment to distributors shall also apply. Distributors shall comply with SEBI circular dated June 26, 2002 on Code of Conduct and SEBI Regulations from time to time.

7. Please refer to SEBI Circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 regarding transparency in commissions. You are requested to take note of Para numbered 4 (d) of that circular which states as follows: “The distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended

to the investor”. Distributor is required to act accordingly.8. Please read the latest Scheme Information Document / Statement of Additional Information carefully to confirm scheme details.

9. EUIN(Employee Unique Identification Number) is mandatory for all investments through ARN Code.

Refer our Website for the latest Exit Load

DHFL Pramerica Asset Managers Pvt. Ltd. (erstwhile Pramerica Asset Managers Pvt. Ltd.)

2nd

Floor, Nirlon House, Dr. A.B. Road, Worli, Mumbai - 400030 Tel: +91-22-6159 3000 Fax: +91-22-6159 3100

www.dhflpramericamf.com Corporate Identity No. U74900MH2008FTC187029 | A joint venture between DHFL and Prudential Financial, Inc. (USA)

Commission Structure for Period April 2018 – June 2018

Scheme Name Exit

B30

Brokerage

Total Year 1

T30

Brokerage

Total Year 1

Upfront

Extra

Incentive only

for B30

Trail -

T30 &

B30

Additional

Trail - T30

& B30

Trail

Applicable

From

DHFL Pramerica Large Cap Fund 1% - < 12 Months 3.50% 2.00% 1.00% 1.50% 0.90% 0.10% Day 1

DHFL Pramerica Diversified Equity Fund 1% - < 12 Months 3.50% 2.00% 1.00% 1.50% 0.90% 0.10% Day 1

DHFL Pramerica Mid Cap Opportunities Fund 1% - < 12 Months 3.50% 2.00% 1.00% 1.50% 0.90% 0.10% Day 1

DHFL Pramerica Long Term Equity Fund - App

Amt upto Rs. 1.50 Lakhs NIL 4.50% 3.00%3.00%

1.50% 0.65% 0.10%

4th year

onwards

DHFL Pramerica Long Term Equity Fund - App

Amt above Rs. 1.50 Lakhs NIL 3.50% 2.00%1.00%

1.50% 0.90% 0.10% Day 1

DHFL Pramerica Arbitrage Fund 0.5% - < 1 Month 0.50% 0.50% 0.00% 0.00% 0.40% 0.10% Day 1

DHFL Pramerica Euro Equity Fund 1% - < 12 Months 3.25% 1.75% 1.00% 1.50% 0.65% 0.10% Day 1

DHFL Pramerica Global Agrib usiness Fund 1% - < 12 Months 3.25% 1.75% 1.00% 1.50% 0.65% 0.10% Day 1

DHFL Pramerica Balanced Advantage Fund 1% - < 12 Months 3.50% 2.00% 1.00% 1.50% 0.90% 0.10% Day 1

DHFL Pramerica Income Advantage Fund 1.5% - < 12 Months * 3.25% 1.75% 1.00% 1.50% 0.75% 0.00% Day 1

DHFL Pramerica Equity Income Fund 1% - < 12 Months 1.50% 1.50% 0.75% 0.00% 0.75% 0.00% Day 1

DHFL Pramerica Dynamic Bond Fund 1% - < 1 Month 1.25% 1.25% 0.00% 0.00% 1.25% 0.00% Day 1

DHFL Pramerica Credit Opportunties Fund 1% - < 12 Months * 2.25% 1.25% 0.50% 1.00% 0.75% 0.00% Day 1

DHFL Pramerica Premier Bond Fund NIL 1.00% 1.00% 0.00% 0.00% 1.00% 0.00% Day 1

DHFL Pramerica Medium Term Income Fund 1% - < 1 Month 0.50% 0.50% 0.00% 0.00% 0.50% 0.00% Day 1

DHFL Pramerica Short Maturity Fund 0.50% - < 6 Months 1.30% 0.80% 0.00% 0.50% 0.80% 0.00% Day 1

DHFL Pramerica Banking & PSU Bond Fund NIL 0.40% 0.40% 0.00% 0.00% 0.40% 0.00% Day 1

DHFL Pramerica Inflation Indexed Bond Fund NIL 0.60% 0.60% 0.00% 0.00% 0.60% 0.00% Day 1

DHFL Pramerica Gilt Fund NIL 0.40% 0.40% 0.00% 0.00% 0.40% 0.00% Day 1

DHFL Pramerica Short Term Floating Rate Fund NIL 0.20% 0.20% 0.00% 0.00% 0.20% 0.00% Day 1

DHFL Pramerica Low Duration Fund NIL 0.75% 0.75% 0.00% 0.00% 0.75% 0.00% Day 1

DHFL Pramerica Ultra Short Term Fund NIL 0.20% 0.20% 0.00% 0.00% 0.20% 0.00% Day 1

DHFL Pramerica Insta Cash Plus Fund NIL 0.05% 0.05% 0.00% 0.00% 0.05% 0.00% Day 1

Overseas Fund of Funds

DHFL Pramerica Asset Managers Pvt Ltd

NDs/Banks - Commission Structure from April 2018 - June 2018

Equity Funds

ELSS Funds

Arbitrage Funds

Hybrid Funds

Debt Funds

Liquid Plus Funds

Liquid Funds

* 10% of the units allotted may be redeemed without any exit load with in 1 year from the date of allotment.


2nd



L ist of T30 / B30

Bifurcation of locations with regards to Top 30 cities (T30 / B30) to be considered as per AMFI Guidelines and would be

updated with effective brokerage rates as and when the new list is released by AMFI.

New Scheme names will be as follows wef May 01, 2018

Scheme Name Scheme Name (Post Change as per SEBI Circular)

DHFL Pramerica Insta Cash Plus Fund DHFL Pramerica Insta Cash Fund

DHFL Pramerica Banking & PSU Debt Fund DHFL Pramerica Banking & PSU Debt Fund

DHFL Pramerica Credit Opp Fund DHFL Pramerica Credit Risk Fund

DHFL Pramerica Dynamic Bond Fund DHFL Pramerica Dynamic Bond Fund

DHFL Pramerica Gilt Fund DHFL Pramerica Gilt Fund

DHFL Pramerica Inflation Indexed Bond Fund DHFL Pramerica Strategic Debt Fund

DHFL Pramerica Low Duration Fund DHFL Pramerica Low Duration Fund

DHFL Pramerica Medium Term Income Fund DHFL Pramerica Medium Term Fund

DHFL Pramerica Premier Bond Fund DHFL Pramerica Premier Bond Fund

DHFL Pramerica Short Maturity Fund DHFL Pramerica Short Maturity Fund

DHFL Pramerica ST FRF DHFL Pramerica Floating Rate Fund

DHFL Pramerica Ultra ST DHFL Pramerica Ultra ST

DHFL Pramerica Diversified Equity Fund DHFL Pramerica Diversified Equity Fund

DHFL Pramerica LT Equity Fund DHFL Pramerica LT Equity Fund

DHFL Pramerica Large Cap Fund DHFL Pramerica Large Cap Fund

DHFL Pramerica Midcap Opp Fund DHFL Pramerica Midcap Opp Fund

DHFL Pramerica Arbitrage Fund DHFL Pramerica Arbitrage Fund

DHFL Pramerica Balanced Advantage Fund DHFL Pramerica Hybrid Equity Fund

DHFL Pramerica Equity Income Fund DHFL Pramerica Equity Savings Fund

DHFL Pramerica Income Advantage Fund DHFL Pramerica Hybrid Debt Fund

DHFL Pramerica Euro Equity Fund DHFL Pramerica Euro Equity Fund

DHFL Pramerica Global Agribusiness Offshore Fund

DHFL Pramerica Global Agribusiness Offshore Fund

The *Commission Structure (Total Upfront) outlined above will be applicable for all investments sourced from

Investors including Non-Resident Indians (NRIs) and other eligible Foreign Investors, Additionally Extra Incentives

applicable only for B 30 for all investments sourced from Investors residing in all locations Top 30 cities (T30 / B30)

to be considered as per AMFI Guidelines and would be updated with effective brokerage rates as and when the new list is

released by AMFI.

Terms and Conditions:

1. The Commission structure mentioned above is applicable for the period April 01, 2018 to June 30, 2018

however; DHFL Pramerica Asset Managers Private Limited (AMC) reserves the right to change the

Commission/commission rates without any prior intimation. The above Commission structure is based on the

present expense ratio charged to the schemes and any change in the expense ratio will also entail a change in

the above Commission structure.

2. Frequency of Payment of Upfront Commission: The upfront Commission payable, if any, as per the above

structure will be paid on a monthly basis as per the existing process.


2nd



3. Recovery of Upfront Commission Paid: The recovery of Upfront Commission paid to the Distributor will be

made in the following circumstances:

The Upfront Commission paid to a Distributor will be recovered from the Distributor, if the investment for which

such upfront Commission was paid is redeemed/switched out to any other scheme or to the Direct Plans before

the completion of the clawback period. Claw back period will be proportionate to the exit load period OR for a

period of one year in instances where upfront Commission is paid and no exit load is applicable. The basis for the

same will be as outlined in points (b) and (d) below.

a. For Commission Structure outlined above (Total Upfront), the recovery will be made on pro-rata basis,

depending upon the number of days for which the investment has stayed invested in the fund before being

redeemed / switched out to any other scheme or to the Direct Plan before the completion of exit load period

for the specified fund from the date of allotment.

For redemptions before the clawback period, the recovery of Commission will be equal to (upfront Commission

paid x (no of days for the clawback period-no of days the monies have stayed in the funds)/(no of days for the

clawback period).

b. The following example explains the same:

An upfront Commission of 1.00% is paid on an Equity Fund, where the Exit Load period is 1 Year. For and

investment of Rs. 1, 00,000/-, a distributor would be paid a sum of Rs. 1000/- as the upfront Commission. The

investor redeems this money exactly after completion of 180 days. In this case, the recovery will be of Rs.

506.85, computed as ((1000*(365-180))/365 as per the above formula.

c. For **Commission Structure outlined above (Extra Incentives only for B 15), FULL RECOVERY of the additional

Commission paid will be done in case the Investor redeems/switches out to any other scheme or to the Direct

Plan the amount before the completion of ONE YEAR from the date of allotment, irrespective of the Exit Load

period applicable to the Fund.

The following example explains the same

An upfront Commission of 2.50% (1.00% upfront & 1.50% additional upfront) is paid on an Equity Fund, where

the Exit Load period is 1 Year. For and investment of Rs. 1, 00,000/-, a distributor would be paid a sum of Rs.

2500/- as the upfront Commission. The investor redeems this money exactly after completion of 180 days. In

this case, the recovery will be of Rs. 2006.85/- ((1000*(365-180))/365+1500).

d. The Recovery will be made from the Commission payable to the Distributor for the month in which redemption

has been made. E.g. If the redemption has been made in the month of Mar h , the recovery will be made

from the Commission payable for the month of Mar h in April .

e. In case the Commission payable to the Distributor is insufficient to cover the Recovery amount, the Recovery

will be tried for three consecutive months, including the first month when the recovery was tried to be

affected. In case the Recovery is still not possible, a demand notice through Registered Post A.D. will be sent to

the Distributor asking him to refund the money to the AMC. In case the distributor does not pay the money

within 1 month from the date of receipt of the notice, the AMC will initiate appropriate legal proceeding

including approaching AMFI for the resolution of the same.


2nd



4. Please refer to the Scheme Information document (SID) of the scheme of DHFL Pramerica Mutual Fund,

Statement of Additional Information (SAI) together with the addendum issued from time to time, for the

minimum amounts for investments, exit loads and other statutory/scheme related information.

5. The computation done by KARVY, Registrar & Transfer Agent of DHFL Pramerica Mutual Fund will be

considered to be final for the purpose of the Commission computation.

6. The above Commission structure and the payout thereof are applicable only till the time the Distributor is

empanelled with the AMC.

7. Commission will be paid out only for transactions received after the distributor is empanelled with the AMC.

8. Commission Payable on Switches-Inter Scheme switches will be treated as a normal purchase. Upfront

Commission will be paid on switches made between schemes (and not plans within the same scheme), which

will be treated like a normal purchase as mentioned above.

9. The regulations/guidelines issued by SEBI or any other statutory authorities and guidance/ circulars issued by

AMFI pertaining to Commission payment to distributors from time to time will also be applicable for payment

of the above mentioned Commission structure.

10. Any transfer of assets from one distributor to another distributor shall be subject to the provisions of the Best

Practices Guidelines on Transfer of AUM from one ARN to another ARN stipulated by AMFI, as amended from

time to time.

11. As per guidelines issued by SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the

distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to

them for the different competing schemes of various mutual funds from amongst which scheme of DHFL

Pramerica Mutual Fund (PMF) is being recommended to the investor. Please ensure compliance.

12. The Commission stru ture o u i ated fro ti e to ti e is all i lusi e of a ess, harges, ta es, le s etc. that may be applicable to the distributor.

12.1 Both Parties will comply with the provisions of Goods and Services Tax Laws (hereinafter referred to as

GST La s hi h i ludes ut is ot li ited to Goods a d Ser i es ta A t shall ea Ce tral Goods a d Ser i es ta A t, CGST ; U io Territor Goods a d Ser i es ta A t, UTGST ; Respe ti e State Goods a d Ser i es ta A t SGST a d I tegrated Goods a d Ser i es ta A t,

IGST . A ha ge i details su h as address, GSTN a d o ta t details shall e i ti ated to other Party within 10 (ten) days of change.

12.2 Both parties shall be responsible for complying with the requirements of GST Laws such as, including but

not limited to, issuing invoice as per GST Laws requirement, uploading the details of the same on GSTN

portal, filing of GST returns etc.

12.3 AMC shall not be held liable in case of any mismatch in the report generated by GSTN due to any

omission by Distributors in providing such information to AMC.


2nd



12.4 AMC reserves the right to clawback or withhold any future Commission payments for non/incorrect

submission of GSTN details to AMC or for any liability, tax, interest, penalty, charges etc. arising on

account of non-compliance of GST Laws.

12.5 Bills raised on and after July 1, 2017 by Registered Distributors should carry tax rate as applicable under

GST Laws. Invoices shall be raised in the name of DHFL Pramerica Asset Managers Private Limited with

following mandatory details of AMC:-

Name - DHFL Pramerica Asset Managers Private Limited

Address - 2nd Floor, Nirlon House, Dr. A. B. Road, Worli, Mumbai – 400030

Place of Supply – Mumbai

GST No. - 27AACCD9994M1ZR

13. The distributors shall adhere to all applicable SEBI Regulations in force from time to time and more particularly

to SEBI circular dated June 26, 2002 and August 27, 2009 on the code of conduct and other guidelines issued by

AMFI from time to time for distributors and ensure that (i) no splitting of applications for any benefit is done

and (ii) no rebate is given to investors in any form.

14. Distributors will not be entitled on any Commission on their own investments.

15. Provisions of forfeiture of Commission will be applicable to transactions on or after April 1, 2014. For

transactions upto march 31, 2014, AMC will release Commission to distributors who fulfill the EUIN compliance

requirements, albeit after the remediation period applicable to the transactions. The remediation period of 30

days from the date of transaction will be applicable for transactions after June 30, 2014 as well.

Brokerage Period: From 1st June 2018 To 31st March 2019

Distributor: ARN-67218, IFAST-ONLINE, FSM-ONLINE iFast Financial India

Transaction Types: Lump Sum Purchases; Switch Ins, SIP/STP

Type of Brokerage

Upfront

(Trail Paid

in advance) Trail Year 1

Total Payout

Year 1

Location T30 & B30 T30 & B30 T30

Equity

DSPBR Top 100 Equity Fund Nil 0.00% 1.20% 1.20% 2.00% 3.20% 1.20% 1.20% 1.20%

DSPBR Equity Fund Nil 0.00% 1.20% 1.20% 2.00% 3.20% 1.20% 1.20% 1.20%

DSPBR Mid Cap Fund Nil 0.00% 1.30% 1.30% 1.75% 3.05% 1.30% 1.30% 1.30%

DSPBR India TIGER Fund Nil 0.00% 1.20% 1.20% 2.00% 3.20% 1.20% 1.20% 1.20%

DSPBR Small Cap Fund Nil 0.00% 1.10% 1.10% 1.75% 2.85% 1.10% 1.10% 1.10%

DSPBR Focus Fund Nil 0.00% 1.30% 1.30% 1.75% 3.05% 1.30% 1.30% 1.30%

DSPBR Equity Opportunities Fund Nil 0.00% 1.40% 1.40% 1.50% 2.90% 1.40% 1.40% 1.40%

DSPBR NRNE Fund Nil 0.00% 1.40% 1.40% 1.00% 2.40% 1.40% 1.40% 1.40%

DSPBR Arbitrage Fund Nil 0.00% 0.60% 0.60% 0.00% 0.60% 0.60% 0.60% 0.60%

Index

DSPBR Equal Nifty 50 Fund Nil 0.00% 0.40% 0.40% 0.00% 0.40% 0.40% 0.40% 0.40%ELSS

DSPBR Tax Saver Fund Nil 0.00% 1.25% 1.25% 1.50% 2.75% 1.25% 1.25% 1.25%Hybrid

DSPBR Equity & Bond Fund Nil 0.00% 1.30% 1.30% 1.50% 2.80% 1.30% 1.30% 1.30%

DSPBR Equity Savings Fund Nil 0.00% 1.40% 1.40% 1.00% 2.40% 1.40% 1.40% 1.40%

DSPBR Regular Savings Fund Nil 0.00% 1.20% 1.20% 1.75% 2.95% 1.20% 1.20% 1.20%International FOF

DSPBR Global Allocation Fund Nil 0.00% 1.10% 1.10% 1.50% 2.60% 1.10% 1.10% 1.10%

DSPBR US Flexible Equity Fund Nil 0.00% 1.10% 1.10% 1.50% 2.60% 1.10% 1.10% 1.10%

DSPBR World Agriculture Fund Nil 0.00% 1.00% 1.00% 1.50% 2.50% 1.00% 1.00% 1.00%

DSPBR World Gold Fund Nil 0.00% 1.00% 1.00% 1.50% 2.50% 1.00% 1.00% 1.00%

DSPBR World Mining Fund Nil 0.00% 1.00% 1.00% 1.50% 2.50% 1.00% 1.00% 1.00%

DSPBR World Energy Fund Nil 0.00% 1.00% 1.00% 1.50% 2.50% 1.00% 1.00% 1.00%Domestic FOF

DSPBR Dynamic Asset Allocation Fund Nil 0.00% 1.40% 1.40% 2.00% 3.40% 1.40% 1.40% 1.40%

Type of Brokerage

Upfront

(Trail Paid

in advance) Trail Year 1

Total Payout

Year 1

Location T30 & B30 T30 & B30 T30

Fixed Income

DSPBR Bond Fund Nil 0.00% 0.40% 0.40% 0.00% 0.40% 0.40% 0.40%

DSPBR Credit Risk Fund Nil 0.00% 1.10% 1.10% 1.50% 2.60% 1.10% 1.10%

DSPBR Short Term Fund Nil 0.00% 0.75% 0.75% 0.00% 0.75% 0.75% 0.75%

DSPBR Strategic Bond Fund Nil 0.00% 0.75% 0.75% 0.00% 0.75% 0.75% 0.75%

DSPBR Banking and PSU Debt Fund Nil 0.00% 0.25% 0.25% 0.00% 0.25% 0.25% 0.25%

DSPBR Government Securities Fund Nil 0.00% 0.75% 0.75% 0.00% 0.75% 0.75% 0.75%

DSPBR 10Y G-Sec Fund Nil 0.00% 0.20% 0.20% 0.00% 0.20% 0.20% 0.20%

DSPBR Money Manager Fund Nil 0.00% 0.80% 0.80% 0.00% 0.80% 0.75% 0.75%

DSPBR Liquidity Fund Nil 0.00% 0.05% 0.05% 0.00% 0.05% 0.05% 0.05%DSPBR Low Duration Fund Nil 0.00% 0.30% 0.30% 0.00% 0.30% 0.30% 0.30%

DSPBR Savings Fund Nil 0.00% 0.20% 0.20% 0.00% 0.20% 0.20% 0.20%

Exit Load

Total

Payout

Year 1 -

B30 Year 2

Schemes Exit Load

Year 4 &

OnwardsYear 3

Additional

B30

Incentive

Clawback

Additional

B30

Incentive

Total

Payout

Year 1 -

B30

All Equity & DSPBR FOF's (Overseas) Holding period from date of allotment: <12 months - 1%; >=12 months - Nil

DSP BlackRock Mutual Fund

Transaction Limit (Rs) All Amt All Amt

Clawback

All Amt

Trail Brokerage for

: T30 & B30

Trail Brokerage for

: T30 & B30

All other Fixed Income Funds Nil

DSPBR Bond Fund

DSPBR Tax Saver Fund

DSPBR Credit Risk Fund

All Hybrid & DSPBR DAAF Fund

Holding period from date of allotment: <=6 months - 0.25%; >6 months - Nil

• Nil If the units redeemed or switched-out are upto 10% of the units purchased or switched-in within 12 months from the date of allotment

• Nil If units are redeemed or switched out on or after 12 months from the date of allotment• 1% If units are redeemed or switched-out are in excess of 10% of the units purchased or switched-in within 12 months from the date of allotment

Investments in DSPBR Tax Saver Fund are subject to lock-in period of 36 months from the allotment.

• Nil If the units redeemed or switched-out are upto 10% of the units purchased or switched-in within 12 months from the date of allotment

• Nil If units are redeemed or switched out on or after 12 months from the date of allotment• 1% If units are redeemed or switched-out are in excess of 10% of the units purchased or switched-in within 12 months from the date of allotment

Year 2

Year 3

&

OnwardsTransaction Limit (Rs) All Amt All Amt All Amt

Brokerage Notes

1) Brokerage rates mentioned above are applicable for all the purchases made from 1st June 2018 to 31st March 2019

b) Trail brokerage: The trail amount is calculated on the basis of ‘Daily Average Assets' on the NAV. This is paid in arrears at the end of each month (unless specified otherwise).

2) Upfront brokerage and B30 special incentive, will be subject to recovery (claw back) in accordance with following terms and conditions (including manner):

Upfront brokerage

b. The recovery would be made on a pro-rata basis, i.e. for residual no. of days to complete the said one year.

c. Following formula will be used to compute the recoverable amount:

Example:

Applicable Upfront Brokerage: 0.40%. Investment Value: Rs. 100,000. Exit load: 1%. Exit load period or defined holding period: 1 year. Redemption by the investor: At the end of 180 days.

Clawback of Brokerage will be as follows:

• Upfront brokerage paid: Rs. 400 (100,000*0.40%)• Brokerage claw back amount: Rs. 202.74 (400*((365-180)/365))

Special Incentive (applicable on mobilization from B30 cities only).

4) Additional B30 Incentive in all funds will be reviewed on monthly basis.

7) The proposed brokerage structure is applicable for regular plan only. NO brokerage/Commission (Upfront, Trail, Special Incentive) will be payable on Direct Plans.

10) DSPBRIM and DSPBRMF reserves the right to change, withdraw, and / or amend the above mentioned terms and conditions, without any prior notice.

11) DSPBRIM and DSPBRMF reserve the right to withhold / not pay upfront brokerage /trail brokerage or whatsoever brokerage on any transaction / application, at its sole discretion.

a) Trail paid in advance (“Upfront brokerage”): The upfront brokerage payments are computed on the investment value and are paid in arrears at the end of each month (unless specified otherwise).

9) The above brokerage structure is based on the present total expense ratio permitted by the Regulations. Any downward revision in the limits of total expense ratio by the Regulations or

due to significant increase in AUM of respective schemes or significant increase in scheme operating expenses will entail a downward change in all forms of applicable brokerage for

existing assets and business mobilized during this period.

5) The brokerage structure communicated for schemes of DSP BlackRock Mutual Fund (DSPBRMF) from time-to-time is on an all-inclusive basis (gross rate), i.e. inclusive of any cess,

charges, taxes etc that may be incurred by DSP BlackRock Investment Managers Pvt. Ltd. (DSPBRIM) and / or DSPBRMF. Further, the brokerage payable would be subject to all the

statutory deductions, including income tax, etc.

6) Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP): The brokerage would be paid as the rate of commission prevalent at the time of the trigger of the SIP/STP

installment and not the as per the rate prevalent at the time of registration of the SIP/STP.

8) The rules and regulations of SEBI / AMFI pertaining to brokerage payment to distributors will also be applicable for payment of the above mentioned brokerage structure. In case the

brokerage paid to the distributor is found to be in excess of limits defined by the SEBI / AMFI, DSPBRIM or DSPBRMF reserves the right to recover / adjust, such excess brokerage paid to

the distributor.

14) While the current commission structure would continue for the month, DSPBRIM and DSPBRMF reserves the right to revise the same with effect from the date of reduction of TERs by

SEBI as and when announced during the month.

a. If the investment is redeemed within one year from the date of subscription from the respective scheme, DSP BlackRock Investment Managers Pvt. Ltd (DSPBRIM) will claw back the

entire special incentive paid on that subscription.

13) The brokerage /Incentive structure mentioned hereinabove is solely payable to AMFI/NISM certified distributors of DSRBRIM. DSPBRIM and DSPBRMF shall not be responsible for any

losses incurred by anyone due to change in the brokerage structure. All distributors shall abide by the code of conduct and rules/regulations laid down by SEBI and AMFI. Also, it is

specifically mentioned that the distributor will neither pass on or rebate brokerage /incentive back to investors nor tempt them with gifts /rebate. DSPBRIM/DSPBRMF will take disciplinary

action against any distributor who is found violating the rules, regulations and code of conduct. The distributor shall disclose all commissions (upfront, trail or any other mode) payable to

them for the different competing schemes of various Mutual Funds from amongst, which the scheme is being recommended to the investor.

12) Brokerage payment (including trail brokerage) will be made by respective schemes of DSPBRMF and/or DSPBRIM. The clawback amount can be adjusted against any commission

payments to the distributors, whether paid/incurred by DSPBRMF or DSPBRIM.

• For redemption before the said one year period , the recovery of the brokerage will be equal to: Upfront Brokerage Paid * (One year from the date of investment – Number of days investment stayed) / 365.

3) Switches: Inter scheme switches will be treated as a normal purchase. Upfront brokerage will be paid on switches made between schemes (and not plans within the same scheme),

which will be treated like a normal purchase as mentioned above.

a. The Upfront brokerage paid to a Distributor will be recovered, if the investment (on which such upfront brokerage was paid) gets redeemed before the completion of one year from the

date of investment in the respective scheme.

Distribution Remuneration Structure

Applicable ARN Codes and their Distributor Names for the Special Structure:

The Commission rates mentioned below are for the business to be mobilized during the period 01-Apr-2018 to 30-Jun-2018.

Fund Type, Fund Name, Plan Exit LoadApplicable for T-30 & B-30

Total T-30 payout for Year 1Additional Upfront for B-30 Total B-30 payout for Year 1

Upfront Trail p.a. from day 1 onwards (C+D) (E+F)

"A" "B" "C" "D" "E" "F" "G"

A - Equity Funds

1) Franklin India High Growth Companies Fund (FIHGCF) 1.00% if redeemed / switched out within one year of allotment 0.00% 1.20% 1.20% 2.00% 3.20%

2) Franklin Build India Fund (FBIF) 1.00% if redeemed / switched out within one year of allotment 0.00% 1.30% 1.30% 2.00% 3.30%

3) Franklin India INDEX FUND NIFTY PLAN (FIIF) 1.00% for 30 days 0.00% 0.50% 0.50% 0.00% 0.50%

4) Franklin India FLEXI CAP FUND (FIFCF) 1.00% for 1 year 0.00% 1.20% 1.20% 2.00% 3.20%

5) Franklin India Smaller Companies Fund (FISCF) 1.00% for 1 year 0.00% 1.20% 1.20% 2.00% 3.20%

6) Templeton India EQUITY INCOME FUND (TIEIF) 1.00% for 1 year 0.00% 1.20% 1.20% 2.00% 3.20%

7) Franklin India BLUECHIP FUND (FIBCF) 1.00% for 1 year 0.00% 1.20% 1.20% 2.00% 3.20%

8) Franklin India PRIMA FUND (FIPF) 1.00% for 1 year 0.00% 1.20% 1.20% 2.00% 3.20%

9) Franklin India PRIMA PLUS (FIPP) 1.00% for 1 year 0.00% 1.20% 1.20% 2.00% 3.20%

10) Franklin India Technology Fund (FITF) 1.00% if redeemed / switched out within one year of allotment 0.00% 1.30% 1.30% 2.00% 3.30%

11) Franklin INDIA OPPORTUNITIES FUND (FIOF) 1.00% for 1 year 0.00% 1.20% 1.20% 2.00% 3.20%

12) Templeton India GROWTH FUND (TIGF) 1.00% for 1 year 0.00% 1.30% 1.30% 2.00% 3.30%

B - Section 80C Funds

1) Franklin India TAXSHIELD (FIT) Nil 0.00% 1.05% 1.05% 2.00% 3.05%

2) Franklin India Pension Plan (FIPEP)3.00% if redeemed before age of 58 years,( subject to lock in period & target amount)

Nil after age of 58 years0.00% 1.30% 1.30% 0.00% 1.30%

C - Hybrid Funds

1) Franklin India Balanced Fund (FIBF) 1.00% for 1 year 0.00% 1.30% 1.30% 2.00% 3.30%

2) Franklin India Monthly Income Plan - Plan A (FTMIP) 1.00% for 1 year 0.00% 1.40% 1.40% 0.00% 1.40%

D - Income Funds - Long Term

1) Franklin India Income Opportunities Fund (FIIOF)3% within 12 months, 2.00% for > 12 months & within 18 months, 1.00% > 18 months

but within 24 months.0.00% 0.95% 0.95% 0.00% 0.95%

2) Franklin India Corporate Bond Opportunities Fund (FICBOF)3% within 12 months, 2.00% for > 12 months & within 24 months, 1.00% > 24 months &

within 36 months.0.00% 0.95% 0.95% 0.00% 0.95%

3) Franklin India Government Securities Fund - CP/PF (FIGSF-CP) 0.50% for 3 months 0.00% 0.95% 0.95% 0.00% 0.95%

4) Franklin India Income Builder Account - Plan A (FIIBA) 0.50% for 1 year 0.00% 0.40% 0.40% 0.00% 0.40%

5) Franklin India Government Securities Fund - Long Term Plan (FIGSF-LT) Nil 0.00% 0.95% 0.95% 0.00% 0.95%

6) Franklin India Short Term Income Plan - Retail Plan (FISTIP) 0.50% for 1 year 0.00% 0.90% 0.90% 0.00% 0.90%

7) Franklin India Dynamic Accrual Fund (FIDA)3% within 12 months, 2.00% for > 12 months & within 24 months, 1.00% > 24 months &

within 36 months ,0.50% for >36 months & within 48 months0.00% 0.95% 0.95% 0.00% 0.95%

E - Income Funds - Short Term

1) Franklin India Banking and PSU Debt Fund (FIBPDF) Nil 0.00% 0.20% 0.20% 0.00% 0.20%

2) Franklin India Savings Plus Fund Retail Option (FISPF) Nil 0.00% 0.05% 0.05% 0.00% 0.05%

3) Franklin India Low Duration Fund (FILDF) 0.50% for 3 months 0.00% 0.40% 0.40% 0.00% 0.40%

F - Liquid / Liquid+ Funds

1) Franklin India Ultra Short Bond Fund - Super Institutional Plan (FIUBF) Nil 0.00% 0.05% 0.05% 0.00% 0.05%

2) Franklin India Cash Management Account (FICMA) Nil 0.00% 0.50% 0.50% 0.00% 0.50%

3) Franklin India Treasury Management Account - Super Institutional Plan (FITMA) Nil 0.00% 0.05% 0.05% 0.00% 0.05%

G - Fund of Funds

1) Franklin India Multi - Asset Solution Fund (FIMAS) 1.00% for 3 years 0.00% 1.15% 1.15% 2.00% 3.15%

2) Franklin India Life Stage Fund of Funds - 20's Plan (FILSF-20) 1.00% for 1 year 0.00% 1.15% 1.15% 0.00% 1.15%



5) Franklin India Life Stage Fund of Funds - 50's Plus Plan (FILSF-50) 1.00% for 1 year 0.00% 1.15% 1.15% 0.00% 1.15%

6) Franklin India Life Stage Fund Of Funds - 50's Plus Floating Rate Plan (FILSF-50+) 1.00% for 1 year 0.00% 0.35% 0.35% 0.00% 0.35%

7) Franklin India Dynamic P E Ratio Fund Of Funds (FIDPEF) 1.00% for 1 year 0.00% 1.35% 1.35% 2.00% 3.35%

H - International Funds

1) Franklin Asian Equity Fund (FAEF) 1% for 3 years 0.00% 1.30% 1.30% 2.00% 3.30%

2) Franklin India Feeder - Franklin U S Opportunities Fund (FUSOF) 1% for 3 years 0.00% 1.35% 1.35% 2.00% 3.35%

3) FRANKLIN INDIA FEEDER - FRANKLIN EUROPEAN GROWTH FUND (FEGF) 1% for 3 years 0.00% 1.35% 1.35% 2.00% 3.35%

ARN-Code Distributor Name

1. ARN-67218 IFAST FINANCIAL INDIA PRIVATE LIMITED

2. FSMONLINE IFAST FINANCIAL INDIA PRIVATE LIMITED

3. IFAST IFAST FINANCIAL INDIA PRIVATE LIMITED

Note:-

1. Any distribution of Mutual Fund units of Franklin Templeton Mutual Fund (FTMF) by distributors empaneled with Franklin Templeton Mutual Fund/Franklin Templeton Asset Management (India) Pvt. Ltd (FTAMIL)(“Distributor/s”) is on voluntary basis and by distributing the units, the distributors

records its informed consent to comply with all the terms and conditions mentioned in this document as well as such other documents including empanelment form executed by them in connection with the distribution services provided to FTMF/FTAMIL.

2. This Distribution Remuneration Structure is applicable only to Distributors empaneled with FTAMIL.

3. FTAMIL reserves absolute right and authority to change the Distribution Remuneration Structure applicable to existing as well as future assets contributed by the Distributor under their respective ARN, at its sole discretion. Any change in the Distribution Remuneration Structure shall be

intimated to the Distributors by telephone/email/post/courier /text messages or such other medium of communication as may be preferred by FTAMIL.

4. The MIS based computation of commission by FTMF’s Registrar and Transfer Agent will be considered to be final.

Terms & Conditions:-

A. Applicability of T-30 and B-30 Cities for payment of Commission:

1. The T-30 and B-30 cities will be as per the PIN code list of cities provided by AMFI from time to time. This list shall be subject to the periodic announcements made by AMFI in this regard.

2. Non Residential Indian (NRI) & other eligible Foreign Investor investments business shall also be considered as T-30 business. Additional upfront / trail commission offered on investments from B-30 cities will not be applicable to investments from T30 cities, NRIs and Foreign Institutional

Investors.

B. Recovery of Upfront Commission Paid:

1. The upfront commission paid to a Distributor will be recovered from the Distributor, if the investment for which such upfront commission was paid is redeemed /switched out to any other scheme or the Direct Plan before the completion of the Exit Load period.

(i) The recovery will be made on a pro-rata basis, depending upon the number of days for which the investment has stayed invested in the fund before being redeemed / switched out.

ii) In case exit load is mentioned in months 1 month will be considered as 30 days, 3 months as 90 days, 6 months as 180 days, 9 months as 270 days and 1 year as 365 days respectively

(iii) Recovery of the upfront commission (Recovery Amount) will be equal to upfront commission paid x (No. of days for the Exit Load period No. of days the monies have stayed in the funds) / (No. of days for the Exit Load period).

For example :

An upfront commission of 0.75% is paid on an Equity Fund, where the Exit Load period is 1 year. For an investment of Rs. 100,000/-, a distributor would be paid a sum of Rs. 750/- as the upfront commission. If the investor redeems this money exactly after completion of 180 days the Recovery

Amount will be Rs. 380.14, computed as ((750 * (365 180))/365 as per the above formula.

For Additional Brokerage Structure applicable for investments Beyond Top 30 Cities, full recovery of the additional Commission paid will be done in case the Investor redeems / switches out to any other Scheme or the Direct Plan before the completion of ONE YEAR from the date of

investment, irrespective of the Exit Load period applicable to the Fund.

In the case of Franklin India Government Securities Fund Composite / PF / LT Plans the recovery period will be one year.

2. The recovery of the Recovery Amount will be made from the Commission payable to the Distributor for the month in which redemption has been made. In case the Commission payable to the Distributor is insufficient to cover the Recovery Amount, we will continue to recover from the

Commission payable in subsequent months. In case the recovery is not completed in 3 months, a demand notice will be sent to the Distributor asking him to refund the money to the AMC. In case the Distributor does not pay the money within 1 month from the date of the receipt of the notice,

the AMC will approach AMFI and / or may initiate legal action for resolution of the same.

C. Commission payable on Switches :

1. Upfront commission will be paid on switches done from one Equity/Balanced Fund to another Equity/Balanced Fund only on completion of three years from the date of initial investment.

2. In case an investor switches out money from FTMF before the exit load Period, it will be considered as redemption and the upfront commission so paid will be recovered in lines of Para B above. Further a switch-in will be considered as a fresh purchase, and the upfront commission payable

on the switch-in fund will be paid in entirety to the Distributor.

D. Statutory / AMFI Driven Regulations:

1. The rate of Commission mentioned in this document is inclusive of Goods and Service Tax (GST) at applicable rates, if any. As per the GST law effective in India from 1st July 2017, distributors whose turnover in a financial year exceeds the prescribed threshold limit, are

liable to register themselves and charge GST at the rates applicable. Every distributor providing taxable supply must issue a tax invoice, containing all the details prescribed under the GST law . Where the distributor fails to ensure prescribed compliance appropriately/

timely under the GST Law or in case where his rating goes below the prescribed limit or fails to raise a tax invoice, GST would be recovered from the amount paid to the distributor along with any penalty/ interest on account of such failure. Further, in case where the

distributor is unregistered, GST would be paid under reverse charge mechanism and accordingly, we shall pay the applicable GST on the commission payable. For further clarification on applicability of GST, please consult your tax advisor.

2. In case any assets under your ARN Code are transferred to another Distributor at the request of the Investor, you shall not be entitled to receive any trail commission on such assets. Further, the payments of trail commission on assets that are transferred from another Distributor to your ARN

Code shall be subject to us receiving a Clearance Certificate from the previous Distributor. Please contact your Franklin Templeton Relationship Manager for further details.

3. The upfront commission that is payable by the investor (if any) as per the SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) will be paid directly to the Distributor / Advisor by the investor based on his assessment of various factors including the service rendered by the Distributor /

Advisor. Further, the Distributor / Advisor is required to disclose to customers all the commissions (in the form of trail commission or any other mode) received by him for different competing schemes of various mutual funds from amongst which the Scheme of Franklin Templeton Mutual Fund

(FTMF) is being recommended to them.

4. The Distributor shall adhere to all applicable SEBI Regulations and more particularly SEBI circulars dated June 26, 2002 and August 27, 2009 on the Code of Conduct and other guidelines issued by AMFI from time to time for mutual fund distributors and ensure that (i) no rebate is given to

investors in any form and (ii) splitting of applications for any benefit.

5. The payment of Commission shall depend on the documentation completion status as per the empanelment form.

6. In terms of a SEBI directive, the Distributor / Advisor shall not take any Irrevocable Power of Attorney from its clients in connection with investments in the schemes of FTMF and that the liability of Distributor / Advisor shall not be limited and depend upon his failure to discharge his

obligations.

7. All ARN holder are required to comply with the norms related to Know Your Distributor (KYD) as per AMFI circular dated August 27, 2010. The payment of Commission shall be suspended till the Distributor complies with this requirement.

E. This Distribution Remuneration Structure is applicable for SIP, STP and lump sum investments.

F. Important Definitions :

“Commission” shall mean any payment due from Fund/FTAMIL as distribution fees or other fees to the Distributor for valid transactions executed through the Distributor under the Distributors ARN code and in respect of which final allotment of units has been made to the Customer.

Commission includes upfront and trail commission as explained in the AMFI Best Practice Circular and the modification thereto from time to time.

“Distribution Remuneration Structure” shall mean the applicable fee/charges structure along with provisions for Commission, claw back and applicable taxes and deductions which shall from time to time be communicated to the Distributor through email/letters.

Please refer to the Funds Scheme Information Document (SID) / Prospectus / Fund Factsheet for the minimum amounts for investments, exit loads and other statutory and fund related information.

Name of AMC: HDFC Asset Management Company Limited

Name of Mutual Fund: HDFC Mutual Fund

B-30 Cities:

Category Scheme Name Exit Load

Period

Clawback

Period

Trail paid in

Advance (@)

1 yr (A)

Trail Yr1 -

APM (p.a)

(B)

Total (A+B)

for T30 &

B30

Trail Yr

2 & 3

(p.a)

Trail 4th yr

onwards

Additional

Payout – B30

Cities #

Total B30

Payout in

1st Year#

HDFC Capital Builder Fund 12 Months N.A - 1.10% 1.10% 1.10% 1.10% 1.50% 2.60% 0.25% 0.20%

HDFC Core & Satellite Fund 12 Months N.A - 1.10% 1.10% 1.10% 1.10% 1.50% 2.60% 0.25% 0.20%

HDFC Equity Fund 12 Months N.A - 1.00% 1.00% 1.00% 1.00% 1.50% 2.50% 0.25% 0.20%

HDFC Equity Savings Fund 12 Months N.A - 1.00% 1.00% 1.00% 1.00% 1.50% 2.50% 0.25% 0.20%

HDFC Growth Fund 12 Months N.A - 1.10% 1.10% 1.10% 1.10% 1.50% 2.60% 0.25% 0.20%

HDFC Infrastructure Fund 12 Months N.A - 1.10% 1.10% 1.10% 1.10% 1.50% 2.60% 0.25% 0.20%

HDFC Large Cap Fund 12 Months N.A - 1.10% 1.10% 1.10% 1.10% 1.50% 2.60% 0.25% 0.20%

HDFC Mid Cap Opportunities Fund 12 Months N.A - 1.00% 1.00% 1.00% 1.00% 1.50% 2.50% 0.25% 0.20%

HDFC Premier Multi Cap Fund 12 Months N.A - 1.10% 1.10% 1.10% 1.10% 1.50% 2.60% 0.25% 0.20%

HDFC Small Cap Fund 12 Months N.A - 1.10% 1.10% 1.10% 1.10% 1.50% 2.60% 0.25% 0.20%

HDFC Top 200 Fund 12 Months N.A - 1.00% 1.00% 1.00% 1.00% 1.50% 2.50% 0.25% 0.20%

HDFC Index Fund – Nifty Plan 3 days N.A - 0.15% 0.15% 0.15% 0.15% - 0.15% - -

HDFC Index Fund – Sensex Plan 3 days N.A - 0.15% 0.15% 0.15% 0.15% - 0.15% - -

HDFC Index Fund – Sensex Plus Plan 3 days N.A - 0.75% 0.75% 0.20% 0.20% - 0.75% - -

HDFC Prudence Fund 12 Months N.A - 1.00% 1.00% 1.00% 1.00% 1.00% 2.00% 0.25% 0.20%

HDFC Balanced Fund 12 Months N.A - 1.00% 1.00% 1.00% 1.00% 1.50% 2.50% 0.25% 0.20%

HDFC Children's Gift Fund 3 Years N.A - 1.00% 1.00% 1.00% 1.00% 1.50% 2.50% 0.25% 0.20%

HDFC Children's Gift Fund Lock In $ Refer SID 12 Months 0.25% 1.00% 1.25% 1.00% 1.00% 1.50% 2.75% 0.25% 0.20%

Arbitrage HDFC Arbitrage Fund 1 Month N.A - 0.50% 0.50% 0.40% 0.40% - 0.50% - -

Statement of Commissions Payable to Distributors - Platinum category for April 2018 - June 2018

As per AMFI

Brokerage Rate applicable for Lumpsum & SIP Investments T30 & B30 B30 SIP/STP

Incentive

"@"

Perpertual

Trail

Lumpsum

Incentive

"# @"

Perpertual

Trail

Equity Oriented

Schemes

Index

Balanced Equity

Oriented Schemes

Arbitrage HDFC Arbitrage Fund 1 Month N.A - 0.50% 0.50% 0.40% 0.40% - 0.50% - -

HDFC Long Term Advantage Fund (Lock In) 3 Years N.A - 0.90% 0.90% 0.90% 0.90% 1.50% 2.40% 0.25% 0.20%

HDFC Tax Saver Fund (Lock In) 3 Years N.A - 0.80% 0.80% 0.80% 0.80% 1.50% 2.30% 0.25% 0.20%

Retirement Planning HDFC Retirement Savings Fund (All Plans) 5 Years lock-in N.A - 1.25% 1.25% 1.15% 1.15% 1.50% 2.75% 0.15% 0.10%

HDFC Monthly Income Plan – Short Term Plan 12 Months N.A - 1.10% 1.10% 1.10% 1.10% 1.50% 2.60% 0.15% 0.10%

HDFC Monthly Income Plan – Long Term Plan 12 Months N.A - 1.00% 1.00% 1.00% 1.00% 1.50% 2.50% 0.15% 0.10%

HDFC Multiple Yield Fund - Plan 2005 15 Months N.A - 1.00% 1.00% 1.00% 1.00% 1.50% 2.50% 0.15% 0.10%

HDFC High Interest Fund – Dynamic Plan 6 Months N.A - 0.75% 0.75% 0.75% 0.75% 0.50% 1.25% - -

HDFC Income Fund 1 Month N.A - 1.00% 1.00% 0.75% 0.75% 0.50% 1.50% - -

HDFC Banking and PSU Debt Fund NIL N.A - 0.40% 0.40% 0.30% 0.30% - 0.40% - -

HDFC Corporate Debt Opportunities Fund 18 Months 12 Months 0.25% 0.75% 1.00% 0.75% 0.75% 0.50% 1.50% - -

HDFC Floating Rate Income Fund – Long Term Plan NIL N.A - 0.05% 0.05% 0.05% 0.05% - 0.05% - -

HDFC High Interest Fund – STP NIL N.A - 0.75% 0.75% 0.60% 0.60% - 0.75% - -

HDFC Medium Term Opportunities Fund NIL N.A - 0.10% 0.10% 0.10% 0.10% - 0.10% - -

HDFC Short Term Opportunities Fund NIL N.A - 0.10% 0.10% 0.10% 0.10% - 0.10% - -

HDFC Regular Savings Fund 6 Months N.A - 0.75% 0.75% 0.75% 0.75% 0.50% 1.25% - -

HDFC Gilt Fund – Short Term Plan NIL N.A - 0.20% 0.20% 0.20% 0.15% - 0.20% - -

HDFC Gilt Fund – Long Term Plan NIL N.A - 0.50% 0.50% 0.50% 0.30% - 0.50% - -

HDFC Cash Management Fund – Call Plan NIL N.A - 0.10% 0.10% 0.10% 0.10% - 0.10% - -

HDFC Cash Management Fund – Savings Plan NIL N.A - 0.10% 0.10% 0.10% 0.10% - 0.10% - -

HDFC Liquid Fund NIL N.A - 0.05% 0.05% 0.05% 0.05% - 0.05% - -

HDFC Cash Management Fund – Treasury Advantage Plan NIL N.A - 0.60% 0.60% 0.60% 0.60% - 0.60% - -

HDFC Floating Rate Income Fund – Short Term Plan NIL N.A - 0.10% 0.10% 0.10% 0.10% - 0.10% - -

Multi Asset FOF HDFC Dynamic PE Ratio Fund of Funds 12 Months 12 Months 0.25% 0.75% 1.00% 0.50% 0.50% - 1.00% - -

Gold FOF HDFC Gold Fund 12 Months N.A - 0.75% 0.75% 0.40% 0.40% - 0.75% - -

Income

Short Term

Gilt

Liquid

Ultra Short Term

"@" For all instalments of SIPs/STPs registered between 1st April 2018 - 30th June 2018 (both days included).

"# @" Addlitional Perpetual Trail is for fresh mobilisation during the period 1st April 2018 - 30th June 2018 till asset last, excluding switches from equity oriented schemes (other than Arbitrage/ Index Funds)

APM - Annualised payable monthly - Subject to revision prospectively

$ Lock-in is from the date of investment till the child attains age of 18 years or at the end of 3 years from date of investment, whichever is later

For general terms and conditions please refer to the next page

Hybrid – Debt

Oriented

ELSS

For general terms and conditions please refer to the next page

General Terms:

AMC reserves the right to change the brokerage/incentive without any prior intimation or notification at its sole discretion, and the distributors shall not dispute the same. AMC shall not be responsible for any losses incurred

due to changes in the brokerage/incentive structure

Refer KIM for minimum application amount

@In case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e for the remaining period of exit load) of trail paid in advance/incentive, (if any) paid shall be recovered/clawed back/set off from the future brokerage payments,

Any recovery/claw back/proportionate set off etc., of brokerage shall be at the sole discretion of the AMC, and the distributors shall not dispute the same

Notes

In case of change in Broker/Distributor Code, Trail paid in advance shall be recovered/clawed back/set off proportionately from the future brokerage payments

T-30: The classification of cities for T-30 is advised by AMFI and is subject to revision, if any.

Brokerage Structures are subject to the terms of empanelment and applicable laws and regulations, including SEBI (Mutual Fund) Regulations, AMFI Regulations, laws relating to Goods and Services Tax, Income Tax, etc.

at AMC’s sole discretion

Please refrain from offering brokerage to your sub-brokers, if any, at a rate higher than the brokerage as aforementioned.

The AMC reserves the right to suspend the brokerage payable to you, if brought to our notice that higher brokerage is offered to sub-brokers or you have violated the code of conduct conduct and/or rules/regulations laid down by SEBI and AMFI

In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of trail or any other mode) payable to them for the different

competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Distributors are advised to ensure compliance of the same.

#In case the investment is redeemed within 12 months, the upfront (including additional upfront/trail payable in advance/incentive, if any) brokerage paid shall be recovered/clawed back/set off fully from the future brokerage payments, at AMC’s sole discretion.

In respect of all purchases (including switch ins) w.e.f 1st January 2013 from Regular Plan (Distributor Plan) to Direct Plan in any scheme, all upfront commissions (including additional upfront/trail payable in advance/incentive, if any) paid shall be

recovered/clawed back/set off fully/proportionately from future brokerage payments.

The commission rates mentioned above shall be inclusive of Goods and Services Tax and other relevant statutory/regulatory levies as applicable.

You are advised to abide by the code of conduct and/or rules/regulations laid down by SEBI and AMFI.

competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Distributors are advised to ensure compliance of the same.

Brokerage Structure from 01

st April to 30

th June 2018

Scheme Name

T30 & B30 Cities Additional

Upfront

Incentive for

B30#

EXIT LOAD

DETAILS* Upfront

1st

Year

Trail(p.a.)

2nd

Year Onwards

Trail (p.a.)

EQUITY and HYBRID SCHEMES

IDBI Diversified Equity Fund,

IDBI India Top 100 Equity Fund,

IDBI Equity Advantage Fund

(IT Benefit U/S 80 C) 0.50% 1.15% 1.15% 1.00%

1%up to 365 days

For ELSS: Statutory

lock in for 3 years

IDBI Focused 30 Equity Fund

IDBI Hybrid Equity Fund

(IDBI Prudence Fund),

IDBI Midcap Fund,

IDBI Small Cap Fund 0.50% 1.15% 1.15% 0.50% 1%up to 365 days

IDBI Equity Savings Fund

(IDBI Monthly Income Plan) 0.50% 1.15% 1.15% 1.50% 1%up to 365 days

IDBI Nifty Index Fund,

IDBI Nifty Junior Index Fund NIL 0.50% 0.50% - NIL

DEBT SCHEMES

IDBI Credit Risk Fund

(IDBI Debt Opportunities Fund) NIL 0.75% 0.75% - 2%up to18 months

IDBI Dynamic Bond Fund NIL 0.75% 0.75% - 1%up to 365 days

IDBI Gilt Fund NIL 1.00% 1.00% - 0.50%up to30 days

IDBI Short Term Bond Fund NIL 0.70% 0.70% - NIL

IDBI Ultra Short Term Fund NIL 0.50% 0.50% - NIL

MONEY MARKET SCHEME

IDBI Liquid Fund NIL 0.05% 0.05% - NIL

GOLD SCHEMES

IDBI Gold Fund NIL 0.25% 0.25% - 1%up to 365 days

*For redemption/switch/STP/SWP within mentioned period from the date of allotment.

# B30 incentive is payable upfront for single applications less than or equal to Rs. 25 Lakhs. For single applications

exceeding Rs. 25 Lakhs, B30 incentive will be paid in 4 equal installments on quarterly basis.

Thanking you,

Yours faithfully,

(D.Vasudevan)

National Head - Sales

TERMS & CONDITIONS

�� The rate defined in the structure would be applicable for lump sum as well as SIP, STP investments. For Systematic Transfers, respective scheme commission

structure will be applicable.

�� Trail brokerage is payable monthly.

�� Recovery of Distribution incentive Paid: Upfront incentive (inclusive of any promotional incentive) paid to the Distributor is being recovered in the following

manner:

�� The upfront incentive paid to a Distributor will be recovered from the Distributor, if the money (for which such distribution incentive was paid) is

redeemed (change in the broker code shall be considered as redemption) before the completion of one year from the date of allotment of units

(specified period) for such scheme/ investment.

�� The Recovery will be made on a pro-rata basis, depending upon the number of days for which the investment has stayed invested in the fund before

being redeemed within the specified period.

�� No. of days will be considered for the computation of the recoveries wherever the specified period are mentioned in 1 year as 365 days respectively.

�� For redemptions within the specified period, the recovery of the brokerage will be equal to distribution incentive paid x (No. of days for the specified

period – No. of days the monies have stayed in the funds) / (No. of days for the specified period).

Conti…..

Conti-----

�� RECOVERY OF THE DISTRIBUTION INCENTIVE OR ADDITIONAL INCENTIVE WILL BE AT THE ARN LEVEL AND NOT THE SCHEME LEVEL

�� On triggered SIPs/STPs, rate existing at the time of SIP/STP registration will be applicable.

�� IDBI Asset Management Ltd. reserves the rights to change /modify/discontinue/ withhold the rates and slabs mentioned at its sole discretion without any

prior intimation or notification or in case of Regulatory Changes / TER Changes/ Change in Industry practices in respect to payment of Brokerages. The AMC,

its employees or Trustees shall not be responsible for any losses incurred by anyone due to change or errors in the brokerage structure.

�� The brokerage structure mentioned herein is solely payable to AMFI certified & KYD complied distributors empanelled with us.

�� Trail rate mentioned may change in case of any change in SEBI/AMFI regulations or cost structure.

�� No upfront brokerage will be payable for intra-scheme switches.

�� The rules and regulations of SEBI / AMFI pertaining to brokerage payment to distributors will also be applicable for payment of the contest incentive. The

distributor shall adhere to SEBI circular dated 26th June, 2002 on code of conduct and ensure that no rebate is given to investors in any form.

�� All distributors should abide by the code of conduct and rules/regulations laid down by SEBI & AMFI from time to time.

�� Mutual Funds’ investments are subject to market risks. Please read the scheme documents carefully. Please read the Statement of Additional Information

(SAI) and Scheme Information Document (SID) to confirm the scheme details and refer to our website www.idbimutual.co.in, for any further details.

�� The brokerage/commission/remuneration structure is subject to the terms and conditions mentioned in the distributor agreement and or/Empanelment

Form, as may be amended from time to time.

�� Please note that commission will be withheld if the total commission payable is less than Rs 100/-. Such commission will be paid in the subsequent payment

cycle provided if the commission amount exceeds Rs 100/-.

�� Kindly ensure to mention the EUIN along with ARN code in all the Application Forms/ Transaction slip in the designated space. If the transaction is

execution only, please arrange for the investor’s signature in the designated space for EUIN declaration.

�� As per AMFI circular ref. CIR/ ARN-13/11-12 dated October 14, 2011, the payment of commission (upfront/trail) accrued after the expiry of ARN is to be

suspended till renewal of ARN. No commission shall be paid for new business procured during the suspended period of ARN. In case ARN is not renewed

within 6 months of expiry, the entire commission accrued will be written off. Also commissions will be suspended if distributors do not furnish self

declaration certificate within 3 months of the end of the financial year. Kindly refer the circular for more details.

�� All Brokerage rates are gross & inclusive of all statutory levies including Goods & Service Tax (GST), if any. For cases where the Distributors are not

registered under GST, applicable GST shall be payable by IDBI AMC under “Reverse Charge” Mechanism and shall be deducted from the brokerage payable.

The Distributors are required to submit the invoices in subsequent month to IDBI AMC. The invoices should be in favour of IDBI Asset Management Limited

(Maharashtra - GSTIN 27AACCI2317R1Z9).Any further developments in GST, if any will be updated subsequently.

Additional Terms & Conditions for B30 cities

�� The AMC reserves the right not to pay Commission/Incentive on assets mobilized through multiple / split applications from the same investor where such

arrangement is made with an intention to benefit from incentive structure.

�� Top 30 cities refer to Top 30 Cities provided by AMFI & Beyond 30 (B 30) cities refer to all the cities beyond the Top 30 cities. The list of Top 30 cities will be

furnished once AMFI releases the same.

�� B30 incentive will be payable on the applications procured from residents of all the cities beyond the Top 30 cities as per Pin code Master circulated by AMFI

from time to time.

�� Identifying and tagging of a transaction as B30 transaction will be at the sole discretion of AMC and as per the guidelines and list of Pin codes issued by SEBI

and/or AMFI from time to time.

�� Applications procured from eligible Non-Resident Individuals and Foreign Institutional Investors business will not be eligible for B-30 incentive.

�� Recovery of Additional incentive Paid: Recovery of additional incentive paid to the distributor is being introduced in the following manner:

�� The additional incentive paid to a distributor will be recovered in full from the distributor, if the investment (for which such additional incentive was

paid) is redeemed before the completion of one year (365 days) of such investment.

�� The Recovery will be made from the brokerage payable to the distributor for the month in which redemption has been made. E.g. If the redemption

has been made in the month of July ’17, the recovery will be made from the Brokerage payable for the month of July ’17.

�� In case the Brokerage payable to the distributor is insufficient to cover the recovery amount, the recovery will be tried for three consecutive months.

In case the recovery is still not possible, a demand notice will be sent to the distributor asking him to refund the money to the AMC. In case the

distributor does not pay the money within 1 month from the date of the receipt of the notice, the AMC will approach AMFI for the resolution of the

same or initiate the required corrective action including legal proceedings as it may deem fit.

�� RECOVERY OF THE DISTRIBUTION INCENTIVE OR ADDITIONAL INCENTIVE WILL BE AT THE ARN LEVEL AND NOT THE SCHEME LEVEL

Amount /

Time Slab /

Trxn. Type

Upfront Brokerage 1st Year Trail 2nd Year Onwards Trail

IDFC Classic Equity FundAny Amount NIL 1.25% 1.25%

Upfront : NIL

Trail : 1st year - 1.50%

Wef 10th May 16,

1% if redeemed

within 365 days

IDFC Dynamic Equity Fund Any Amount NIL 1.25% 1.25%Upfront : NIL


Wef 03-07-17 for

10% of invt=0,bal

invt-1% if red/Swt

out in 12 months

IDFC Equity Fund

Any Amount NIL 1.25% 1.25%Upfront : NIL

Trail : 1st year - 1.50%1.00% for 365 Days

IDFC Focused Equity Fund Any Amount NIL 1.25% 1.25%Upfront : NIL


IDFC Infrastructure Fund Any Amount NIL 1.25% 1.25%Upfront : NIL


IDFC Sterling Equity Fund Any Amount NIL 1.25% 1.25%Upfront : NIL


1% for 365 days wef

07Sep2015

IDFC Premier Equity Fund Any Amount NIL 1.00% 1.00%Upfront : NIL


IDFC Tax Advantage (ELSS) Fund Any Amount NIL 1.35% 1.35%Upfront : NIL


IDFC Balanced Fund Any Amount NIL 1.25%

2nd year - 1.25% ,

3rd year - 1.25% ,

4th year onwards -

1.10%

Upfront : NIL


IDFC Asset Allocation Fund - FOF -Moderate Plan Any Amount NIL 0.80% 0.80%Upfront : NIL


IDFC Asset Allocation Fund - FOF - Aggressive Plan Any Amount NIL 1.00% 1.00%Upfront : NIL


IDFC Asset Allocation Fund - FOF -Conservative Plan Any Amount NIL 0.75% 0.75%Upfront : NIL


IDFC Monthly Income Plan Any Amount NIL 1.75% 0.50%Upfront : NIL


IDFC Nifty Fund Any Amount Nil 0.10% 0.10% Nil

IDFC Banking & PSU Debt Fund Any Amount Nil 0.10% 0.10% Nil

IDFC Cash Fund Any Amount Nil 0.05% 0.05% Nil

IDFC Money Manager Fund-Treasury Plan Any Amount Nil 0.50% 0.40% Nil Nil

IDFC Ultra Short Term Fund Any Amount Nil 0.15% 0.15% Nil

IDFC All Seasons Bond Fund Any Amount Nil0 to 3 Months - 0.40% ,

4 to 12 Months - 0.40%0.40% Nil 0.50% for 3months

IDFC Corporate Bond Fund Any Amount Nil 0.30% 0.30% NilNil W.e.f. 12th

Aug,2016

IDFC Credit Opportunities Fund Any Amount Nil 0.75% 0.75% Nil1% if red/switch out

within 365 days.

IDFC Money Manager Fund-Investment Plan Any Amount Nil 0.10% 0.10% NilNil effective from

22June 2017

IDFC Super Saver Income Fund-Short Term Plan Any Amount Nil 0.50% 0.40% NilNil, W.E.F 23rd May

2016

IDFC Super Saver Income Fund-Medium Term Plan Any Amount Nil 0.75% 0.75% Nil

Wef 11th May 17,

0.50% if redeemed

within 6th month

IDFC Dynamic Bond Fund Any Amount Nil 1.00% 0.75% NilNil W.E.F

17-Oct-2016

IDFC Super Saver Income Fund - Investment Plan Any Amount Nil 0.80% 0.80% Nil

IDFC Government Securities Fund - Investment Plan Any Amount Nil 0.75% 0.50% Nil Nil

IDFC Government Securities Fund - Short Term Plan Any Amount Nil 0.10% 0.10% Nil Nil

IDFC Government Securities Fund - Provident Fund Plan Any Amount Nil 0.50% 0.50% NilNil wef 11 Dec

2014

IDFC Arbitrage Fund Any Amount Nil0 to 3 Months - 0.60% ,

4 to 12 Months - 0.60%0.60% Nil

IDFC Arbitrage Plus Fund Any Amount Nil0 to 3 Months - 0.65% ,

4 to 12 Months - 0.65%0.60% Nil

Terms & Conditions :

i) T-30 refers to Top 30 Cities provided by AMFI & B-30 refers to all the cities beyond the Top 30 cities.

Scheme-wise Claw Back provision if redeemed/switched within claw back period:

Wef 04-08-2015 for

10% of inv 0%, Bal

at 1% upto 365 Days

Long Term Debt Fund

Gilt Fund

Market Expansion

Trail : 12 Months

Market Expansion

Trail : 12 Months

Nil

Nil

Market Expansion

Trail : 12 Months

ELSS

Nil

1.50% for 18 Months

Market Expansion

Trail : 12 Months

Market Expansion

Trail : 12 Months

Nil

T30 & B30

Market Expansion

Trail : 12 Months

Market Expansion

Trail : 12 Months

Additional Market

Expansion

(B30)

Scheme Wise

Clawback if

Redeemed / Switched

1.00% for 7 Days

Money Market Fund

Short Term Debt Fund

Brokerage Structure of ARN-67218/FSM-ONLINE/IFAST-ONLINE Applicable for April 2018

Scheme Detail

Equity Fund

Exit Load

Index Fund

Market Expansion

Trail : 12 Months

Market Expansion

Trail : 12 Months

Market Expansion

Trail : 12 Months

Market Expansion

Trail : 12 Months

Market Expansion

Trail : 12 Months

Balance Fund

Hybrid fund

For 10% of invt -Nil,

For bal. invt -1% if

red/swt out in 12

mnts

1.50% for 18 Months

Wef 24-08-17 for

10% of invt=0,bal

invt-1% if red/Swt

out in 12 months

1.50% for 18 Months

Arbitrage Fund

0.25% if

redeemed/switch out

in 1 Month

0.25% for 1 months

WEF 12 Aug 2016

Ÿ The Upf o t i T3 & B3 ill e p opo tio atel e o e ed/ la ed a k f o the e isti g/ futu e B oke age pa e ts of the Dist i uto .Ÿ The Ma ket E pa sio i e ti e Upf o t o T ail is appli a le o l fo st ea & fo B-3 Cities. The sa e ill e o pletel % e o e ed/ la ed a k f o thefuture Brokerage payments of the distributor.

ii The ha ges effe ted i the u e t o th’s oke age ates a e highlighted i green fo ou atte tio .iii Upf o t & T ail ill e paid as pe the oke age st u tu e o s it hes ithi e uit s he es i.e. CEF/SEF/DEF/INFRA/IEF/EQTY FUND/PEF ith effe t f o st Ap il’ 5.iv) In Asset Allocation Funds, there is no exit load on switches within the asset allocation funds and there is no limit to the number of switches between Asset Allocation Funds. Upfront

brokerage is not eligible for such switches.

v) No upfront brokerage will be paid in case of switches within sub plans of any schemes for e.g. Dividend to Growth or vice versa.

vi) In case EUIN or the investor declaration is not provided within the timelines as prescribed by AMFI from time to time, brokerage on the concerned transaction shall be forfeited permanently.

vii) The brokerage/incentives would be inclusive of Goods and Service Tax/ Cess and any other applicable tax, if any; as per the current regulations.

viii) Any brokerage payout related discrepancies have to be intimated to us within 45 days from the date of release of brokerage.

ix) IDFC Asset Management Company Limited (IDFC AMC) reserves absolute right and authority to change the brokerage structure applicable to existing as well as future assets contributed by

the Distributor, at its sole discretion. Any such change in the brokerage structure shall be intimated to the Distributors by telephone/post/email/courier/post/text message or such other medium of

communication as may be preferred by IDFC AMC and the same shall be effective from the date of dispatch of such communication.

x) With effect from 1st July 2017, Goods and Service Tax (GST) is applicable on distributor brokerage.

xi) All distributors who have correctly updated the GST number with AMFI would be treated as registered distributors under GST and no deduction would be done from their pay-outs,

whereas in case of Unregistered distributor or a distributor having registration number but failing to update the details with AMFI would also be treated as unregistered distributor and

the applicable tax rate would be deducted from his pay-outs and appropriate procedure as per the Goods and Services Tax Act, would be followed.

xii) For brokerage the distributors will have to raise the invoices favouring IDFC Mutual Fund and do the GST return filing accordingly.

Below is the GST number of IDFC Mutual Fund.

Name of Entity Billing address PAN Provisional GST no Remarks

IDFC Mutual Fund

6th Floor, One Indiabulls

centre, Jupiter Mills

Compound, 841, Senapati

Bapat Marg, Elphinstone

Road, Mumbai, Maharashtra

400013 AAETS9556K 27AAETS9556K1ZP For NFO Brokerage

Brokerage Structure of ARN-67218 applicable from 1st April 2018 till further notice

Scheme DetailAmount /

Time Slab /

Trxn. Type

Upfront

Brokerage1st Year Trail

2nd Year Onwards

Trail

Exit Load

Scheme Wise

Clawback if

Redeemed /

Switched

T30 & B30Additional Market

Expansion

(B30)

Equity Fund

IDFC Classic Equity Fund NIL 1.25% 1.25% Upfront : NIL


Any Amount Wef 10th May 16,

1% if redeemed

within 365 days

IDFC Dynamic Equity Fund NIL 1.25% 1.25% Upfront : NIL


Any Amount Wef 03-07-17 for

10% of invt=0,bal

invt-1% if red/Swt

out in 12 months

IDFC Equity Fund NIL 1.25% 1.25% Upfront : NIL


Any Amount 1% for 365 daYs

IDFC Focus Equity Fund NIL 1.25% 1.25% Upfront : NIL


Any Amount 1% for 365 Days

IDFC Infrastructure Fund NIL 1.25% 1.25% Upfront : NIL


Any Amount 1% for 365 dAys

IDFC Sterling Equity Fund NIL 1.25% 1.25% Upfront : NIL


Any Amount 1% for 365 days wef

07Sep2015

IDFC- Premier Equity Fund NIL 1.00% 1.00% Upfront : NIL


Any Amount 1% for 365 dayS

ELSS

IDFC Tax Advantage (ELSS)

Fund

NIL 1.35% 1.35% Upfront : NIL


Any Amount NIL

Balance Fund

IDFC Balanced Fund NIL 1.25% 2nd year - 1.25% ,

3rd year - 1.25% ,

4th year onwards -

1.10%

Upfront : NIL


Market Expansion

Trail : 12 Months

Any Amount For 10% of invt -Nil,

For bal. invt -1% if

red/swt out in 12

mnts

Hybrid fund

IDFC Asset Allocation Fund -

FOF -Moderate Plan



Any Amount 1.5% for 18 monthS

IDFC Asset Allocation Fund

-FOF- Aggressive Plan



Any Amount 1.5% for 18 months

IDFC Asset Allocation Fund

-FOF- Conservative Plan



Any Amount 1.5% for 18 Months

IDFC Monthly Income Plan NIL 1.75% 0.50% Upfront : NIL


Any Amount Wef 24-08-17 for

10% of invt=0,bal

invt-1% if red/Swt

out in 12 months

Index fund

IDFC Nifty Fund NIL 0.10% 0.10% NILAny Amount 1% for 7 days

Money Market fund

IDFC Banking & PSU Debt

Fund

NIL 0.10% 0.10% NILAny Amount Nil

IDFC Cash fund NIL 0.05% 0.05% NILAny Amount NIL

IDFC Money Manager

Fund-Treasury Plan

NIL 0.50% 0.40% NILAny Amount NIL

IDFC Ultra Short Term Fund NIL 0.15% 0.15% NILAny Amount NIL

Short term Debt fund

IDFC All Seasons Bond Fund NIL 0 to 3 Months - 0.40% ,

4 to 12 Months - 0.40%

0.40% NILAny Amount 0.50% for 3months

IDFC Corporate Bond Fund NIL 0.30% 0.30% NILAny Amount Nil W.e.f. 12th Aug,

2016

IDFC Credit Opportunities

Fund

NIL 0.75% 0.75% NILAny Amount 1% if red/switch out

within 365 days.

IDFC Money Manager Fund

-Investment Plan

NIL 0.10% 0.10% NILAny Amount Nil effective from 22

June 2017

IDFC Super Saver Income

Fund - Short Term Plan

NIL 0.50% 0.40% NILAny Amount Nil, W.E.F 23rd May

2016


Fund- Medium Term Plan

NIL 0.75% 0.75% NILAny Amount Wef 11th May 17,

0.50% if redeemed

within 6th month

Long term debt fund

IDFC Dynamic Bond Fund NIL 1.00% 0.75% NILAny Amount Nil W.E.F

17-Oct-2016


Fund - Investment Plan

NIL 0.80% 0.80% NILAny Amount Wef 04-08-2015 for

10% of inv 0%, Bal

at 1% upto 365 Days

Gilt Fund

IDFC Government Securities

Fund - Investment Plan


1ARN-67218 - Brokerage Structure for April,18


Fund - Short Term Plan



Fund-Provident FundPlan

NIL 0.50% 0.50% NILAny Amount NIL WEF 11 Dec

2014

Arbitrage Fund

IDFC Arbitrage Fund NIL 0 to 3 Months - 0.60% ,

4 to 12 Months - 0.60%

0.60% NILAny Amount 0.25% if

redeemed/switch

out in 1 Month

IDFC Arbitrage Plus Fund NIL 0 to 3 Months - 0.60% ,

4 to 12 Months - 0.60%

0.60% NILAny Amount 0.25% for 1 months

WEF 12 Aug 2016

Terms & Conditions :

i) T-30 refers to Top 30 Cities pin codes as classified by AMFI & B-30 refers to those pin codes which are not classified under Top30 cities.

ii) The changes effected in the current month’s brokerage rates are highlighted in “green” for your attention.

Scheme-wise Claw Back provision if redeemed/switched within claw back period:

Ÿ The Upfront in T30 & B30 will be proportionately recovered/clawed back from the existing/future Brokerage payments of the Distributor.

Ÿ The Market Expansion incentive (Upfront or Trail) is applicable only for 1st year & for B-30 Cities. The same will be completely (100%) recovered/clawed back from the

iii) Upfront & Trail will be paid as per the brokerage structure on switches within equity schemes (i.e. (CEF/SEF/DEF/INFRA/IEF/EQTY FUND/PEF) with effect from 1st April’15.

v) No upfront brokerage will be paid in case of switches within sub plans of any schemes for e.g. Dividend to Growth or vice versa.

vi) In case EUIN or the investor declaration is not provided within the timelines as prescribed by AMFI from time to time, brokerage on the concerned transaction shall be forfeited permanently.

viii) Any brokerage payout related discrepancies have to be intimated to us within 45 days from the date of release of brokerage.

ix) IDFC Asset Management Company Limited (IDFC AMC) reserves absolute right and authority to change the brokerage structure applicable to existing as well as future assets

contributed by the Distributor, at its sole discretion. Any such change in the brokerage structure shall be intimated to the Distributors by telephone/post/email/courier/post/text

message or such other medium of communication as may be preferred by IDFC AMC and the same shall be effective from the date of dispatch of such communication.

future Brokerage payments of the distributor.

iv) In Asset Allocation Funds, there is no exit load on switches within the asset allocation funds and there is no limit to the number of switches between Asset Allocation Funds. Upfront

brokerage is not eligible for such switches.

vii) The brokerage/incentives would be inclusive of Goods and Service Tax/ Cess and any other applicable tax, if any; as per the current regulations.

x) With effect from 1st July 2017, Goods and Service Tax (GST) is applicable on distributor brokerage.

xi) All distributors who have correctly updated the GST number with AMFI would be treated as registered distributors under GST and no deduction would be done from their pay-outs,

whereas in case of Unregistered distributor or a distributor having registration number but failing to update the details with AMFI would also be treated as unregistered distributor and

the applicable tax rate would be deducted from his pay-outs and appropriate procedure as per the Goods and Services Tax Act, would be followed.

xii) For brokerage the distributors will have to raise the invoices favouring IDFC Mutual Fund and do the GST return filing accordingly. Below is the GST number of IDFC Mutual Fund.

2ARN-67218 - Brokerage Structure for April,18

Entry Load Exit Load UpfrontTrail p.a.

(1st Yr to 3rd Yr)

Trail p.a.

(4th Yr Onwards)

Equity Indiabulls Blue Chip Fund Nil1% if exited within 1 year of allotment and Nil if exited

after 1 year of allotmentNil 1.60% 1.60%

Equity Indiabulls Value Discovery Fund Nil1% if exited within 1 year of allotment and Nil if exited


Equity Indiabulls Arbitrage Fund Nil0.25% if exited within 1 months of allotment and Nil if

exited after 1 months of allotmentNil 0.45% 0.45%

Equity Indiabulls Tax Savings Fund Nil Nil Nil 1.75% 1.75%

Entry Load Exit LoadAdvance SIP/STP Upfront on

Committed period of 36 Months

Trail p.a.

(1st Yr to 3rd Yr)

Trail p.a.

(4th Yr Onwards)

Equity Indiabulls Blue Chip Fund Nil1% if exited within 1 year of allotment and Nil if exited


Equity Indiabulls Tax Savings Fund Nil Nil Nil 1.75% 1.75%

Entry Load Exit Load UpfrontTrail p.a.

(1st Yr to 3rd Yr)

Trail p.a.

(4th Yr Onwards)

Debt Indiabulls Income Fund Nil3% if exited within 3 year of allotment & Nil if exited


DebtIndiabulls Savings Income

Fund(erstwhile MIP)Nil

1% if exited within 1 year of allotment & Nil if exited


Debt Indiabulls Short Term Fund Nil Nil Nil 1.00% 1.00%

Gilt Indiabulls Gilt Fund Nil Nil Nil 0.60% 0.60%

Debt Indiabulls Ultra Short Term Fund Nil Nil Nil 0.30% 0.30%

Liquid Indiabulls Liquid Fund Nil Nil Nil 0.05% 0.05%

Minimum Rs.500 and in multiples of

Re.1/- thereafter.

INDIABULLS ASSET MANAGEMENT COMPANY LIMITED

1st April 2018 to 30th April, 2018

Brokerage Structure for Distributors-Platinum Only Trail without SIP Advance Upfronting

Category A: EQUITY -LUMPSUM

Brokerage

Category C: FIXED INCOME

Category Scheme Investment Details

Brokerage

Category Scheme

Indiabulls Value Discovery Fund NilNil

Category B: EQUITY : ADVANCE SIP/STP UPFRONTING & TRAIL BROKERAGE


Re.1/- thereafter.

Load Structure

Equity1% if exited within 1 year of allotment and Nil if exited

after 1 year of allotment

Scheme


Re.1/- thereafter.

Category

Investment Details

Load Structure

Load Structure

Investment Details

1.60%

Brokerage

1.60%

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

The commission will be directly credited in the Bank Account, wherever applicable, as intimated by the Registered ARN.

Please refer to SEBI Circular No. SEBI/IMD/Cir No. 4/168230/09 dated June 30, 2009 regarding transparency in commission. You are requested to take note and act accordingly of paragraph 4

(d) of the said circular which states as follows : "The distributors should disclose all the commission (in form of trail commission or any other mode) payable to them for the different competing

schemes of various mutual funds from amongst which the scheme is being recommended to the investor".

The Commission structure indicated above is subject to review from time to time and the AMC reserves the right to change the commission structure/period without any prior intimation.

Effe ti e Septe er , , AMFI has i trodu ed the K o Your Distri utor KYD or s appli a le to all the Mutual Fu d Distri utors for fresh ARN registratio a d ARN re e al. As advised by AMFI, advisors are required to be KYD complied.

Terms & Conditions

The commission rates are applicable for all purchases made from 1st March 2018 to 30th April 2018, only under Regular Plan.

Category A: The above commission structure will be applicable for Normal Purchases, Switch-Ins and for SIPs and STPs

Category B: For SIP/STP, the commission rates applicable at the time of registration will apply for all subsequent investment installments.

The annualized commission is calculated on the basis of 'Daily Average Assets' on the NAV and paid on monthly basis.

The Commission indicated above is on a gross basis, and is inclusive of applicable GST and statutory levies, if any.

In case of unregistered distributor, GST shall be paid under reverse charge.

Commission will not be released until the amount payable exceeds Rs. 100 on or before the end of the fiscal year end.

Decision of the AMC pertaining to brokerage calculation and the other matters pertaining thereto shall be final & binding.

The AMC reserves the right to seek Refund in case of Premature Redemptions / unexpired period for which commission is paid for Normal Purchases, Switch-Ins and for SIP's/STP's.

Commission paid is subject to claw-back as per code of conduct issued by AMFI and SEBI Regulations. Distributors shall refund to AMC, either by set off against future commissions or payment,

all incentives of any nature, including commissions received.

The commission structure is subject to EUIN regulations/ guidelines as specified by SEBI/ AMFI from time to time. Advisors shall also comply with the Code of Conduct for intermediaries as

prescribed by SEBI/AMFI and amended from time to time.

You are required to submit a Declaration of Self Certification ("DSC") in the prescribed format latest by June 30 each year. In case of non-receipt of the DSC by June 30, payment of all types of

commission shall be suspended till the requirements of furnishing the DSC are complied with.

Mutual Fund investments are subject to market risks, read all scheme related documents (SID/SAI/KIM) carefully. Please refer our website www.indiabullsamc.com

Please read the latest Scheme Information Document (SID), Statement of Additional Information (SAI) and Key Information Memorandum (KIM) and various addendum issued from time to

time to confirm the scheme details.

Commission Structure received from the email id: [email protected] shall be considered valid. AMC will not entertain or be obliged to consider commission shared through any

other EMAIL ID of AMC or its Employees.

All your Queries related to brokerages should be to written to [email protected]

Indiabulls Asset Management Company limited will not be liable for any brokerage communications received from any other email IDs.

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Large Cap Diversified Category:

Invesco India Business Leaders Fund

Mid Cap Diversified Category:

Invesco India Mid Cap Fund

Invesco India Mid N Small Cap Fund

Multi Cap Diversified Category:

Invesco India Growth Fund

Invesco India Contra Fund

ELSS/ Tax Saver Category:

Invesco India Tax Plan

Fixed Income - Accrual Category:Invesco India Corporate Bond Opportunities Fund

Invesco India Medium Term Bond Fund

Fixed Income - Duration Category:

Invesco India Active Income Fund

Invesco India Gilt Fund

Arbitrage Category:

Invesco India Arbitrage Fund

Thematic Category:

Invesco India PSU Equity Fund

Invesco India Banking Fund

International FoF Category:

Invesco India Pan European Equity Fund

Invesco India Global Equity Income Fund

SCHEME NAME ASSET CLASS EXIT PERIOD

CLAWBACK

PERIOD Slabs Upfront T15

Special incentive for

B15 Total B15 incentive Trail 1st year Trail 2nd / 3rd year

Trail 4th year

onwards

Kotak 50 Equity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.15 1.15 1.15

Kotak OpportunitiesEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Select FocusEquity 12 Months 12 Months Any Amount 0.00 1.15 1.15 1.15 1.15 1.15

Kotak Classic EquityEquity 12 Months 12 Months Any Amount 0.00 1.00 1.00 1.15 1.15 1.15

Kotak BalanceEquity 12 Months 12 Months Any Amount 0.00 1.25 1.25 1.15 1.15 1.15

Kotak Emerging EquityEquity 12 Months 12 Months Any Amount 0.00 1.25 1.25 1.15 1.15 1.15

Kotak Mid-CapEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Infrastructure & Economic Reform

Fund Equity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Tax Saver Fund<=1.5 lakhs 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Tax Saver Fund>1.5 lakhs 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Global Emerging FundEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 0.60 0.60 0.60

Kotak World Gold Fund Equity 12 Months 12 Months Any Amount 0.00 0.25 0.25 0.75 0.75 0.75

Kotak US Equity Fund Equity 12 Months 12 Months Any Amount 0.00 1.50 1.50 0.60 0.60 0.60

Kotak Asset Allocator FundEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 0.60 0.60 0.60

Kotak Equity Savings SchemeEquity 12 Months 12 Months Any Amount 0.00 1.25 1.25 0.85 0.85 0.85

Kotak Arbitrage Fund

Equity 30 days #N/A Any Amount 0.00 0.00 0.00 0.40 0.40 0.40

Kotak Monthly Income Plan Debt 12 Months 12 Months Any Amount 0.00 1.00 1.00 1.15 1.15 1.15

Kotak Income Opportunities FundDebt 12 Months 12 Months Any Amount 0.00 1.25 1.25 0.90 0.90 0.90

Kotak Medium Term FundDebt 18 Months 12 Months Any Amount 0.00 0.50 0.50 0.90 0.90 0.90

Kotak Bond FundDebt

0.20% within 3 months &

Nil after 3 months 3 Months Any Amount 0.00 1.00 1.00 0.90 0.90 0.90

Kotak Bond Short Term Fund

Debt NIL NIL Any Amount 0.00 0.00 0.00 0.70 0.70 0.70

Kotak Gilt Investments FundDebt NIL 12 Months Any Amount 0.00 1.00 1.00 1.00 1.00 1.00

Kotak Banking and PSU Debt FundDebt NIL N/A Any Amount 0.00 0.00 0.00 0.20 0.20 0.20

Kotak Low Duration FundDebt NIL N/A Any Amount 0.00 0.00 0.00 0.50 0.50 0.50

Kotak Gold FundDebt 12 Months N/A Any Amount 0.00 0.00 0.00 0.60 0.60 0.60

Kotak Flexi Debt FundDebt NIL NIL Any Amount 0.00 0.00 0.00 0.60 0.60 0.60

Kotak Treasury Advantage Fund Debt NIL N/A Any Amount 0.00 0.00 0.00 0.20 0.20 0.20

Kotak Corporate Bond Fund Debt NIL N/A Any Amount 0.00 0.00 0.00 0.20 0.20 0.20

Kotak Liquid FundDebt NIL N/A Any Amount 0.00 0.00 0.00 0.02 0.02 0.02

Kotak Floater Short TermDebt NIL N/A Any Amount 0.00 0.00 0.00 0.02 0.02 0.02

BROKERAGE STRUCTURE FOR APRIL 2018

ARN-67218 Advisor Name - iFAST Financial India Pvt Ltd

TERMS AND CONDITIONS:

I. GENERAL

i. Brokerage Structures are subject to the terms of empanelment and applicable laws and regulations, including SEBI (Mutual Fund) Regulations, AMFI Regulations, laws relating to Service Tax, Income Tax, etc.

ii. All Upfront/Trail Brokerages will be calculated for every calendar month and will be paid out in the following month.

v. The AMC reserves the right not to pay upfront brokerage on assets mobilised through multiple / split applications from the same investor, where such arrangement is made with an intention to avail upfront brokerage otherwise not available on

the investment.

iii. This brokerage structure is applicable till further notice and is subject to changes at the discretion of AMC/ Trustee.

iv. In case of any regulatory changes with respect to expense ratio, the past / present brokerage structure may be reviewed by the AMC.

xi. The AMC reserves the right to suspend the brokerage payable, if brought to our notice that higher brokerage is offered to sub-brokers or you have violated the code of conduct and/or rules/regulations laid down by SEBI and AMFI

Equity

NIL N/A

vi. The load structures may change at the discretion of AMC / Trustee. Please refer to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer Document(s).

vii. Switches will be eligible for brokerage (upfront/trail) as per the distributor's applicable brokerage in the scheme but subject to applicable clawback of the switch out scheme. Option changes within the same scheme are not treated as

switches

viii. In accordance with the clause 9(2) of SEBI Circular No. CIR/IMD/21/2012 dated Sept 13, 2012, the brokerage paid on B15 cities shall be subject to full clawback if redeemed within one year from the date of investment. The brokerage paid

for T15 cites will be subject to proportionate clawback as per the clawback period mentioned in the structure.

ix. In the eventuality of the clawback brokerage being higher than that month’s upfront & trail brokerage payable, the broker shall refund the same forth.

x. The AMC at its discretion, if it believes that the upfront payable to a distributor is in excess of the trail being currently payable to him, may pay the upfront in staggered installments over one year.

Upfront T15 Upfronting

Special incentive

for B15

> Rs. 10,000 <= Rs.10,000

Kotak 50 Equity 12 Months 12 Months 0.00 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Opportunities Equity 12 Months 12 Months 0.00 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Select Focus

Equity 12 Months 12 Months 0.00 0.00 1.15 1.15 1.15 1.15 1.15

Kotak Classic Equity Equity 12 Months 12 Months 0.00 0.00 1.00 1.00 1.15 1.15 1.15

Kotak Balance Equity 12 Months 12 Months 0.00 0.00 1.25 1.25 1.15 1.15 1.15

Kotak Emerging Equity Equity 12 Months 12 Months 0.00 0.00 1.25 1.25 1.15 1.15 1.15

Kotak Mid-Cap Equity 12 Months 12 Months 0.00 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Infrastructure &

Economic Reform Fund Equity 12 Months 12 Months 0.00 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Tax Saver Fund Equity

NIL N/A 0.00 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Global Emerging FundEquity 12 Months 12 Months 0.00 0.00 1.50 1.50 0.60 0.60 0.60

Kotak World Gold Fund Equity 12 Months 12 Months 0.00 0.00 0.25 0.25 0.75 0.75 0.75

Kotak US Equity Fund Equity 12 Months 12 Months 0.00 0.00 1.50 1.50 0.60 0.60 0.60

Kotak Asset Allocator FundEquity 12 Months 12 Months 0.00 0.00 1.50 1.50 0.60 0.60 0.60

Kotak Equity Savings SchemeEquity 12 Months 12 Months 0.00 0.00 1.25 1.25 0.85 0.85 0.85

Kotak Arbitrage Fund

Equity 30 days NIL 0.00 0.00 0.00 0.00 0.40 0.40 0.40

Kotak Monthly Income Plan Debt 12 Months 12 Months 0.00 0.00 1.00 1.00 1.15 1.15 1.15

Kotak Income Opportunities

Fund Debt 12 Months 12 Months 0.00 0.00 1.25 1.25 0.90 0.90 0.90

Kotak Medium Term FundDebt 18 Months 12 Months 0.00 0.00 0.50 0.50 0.90 0.90 0.90

Kotak Bond Fund

Debt

0.20% within 3

months & Nil after 3

months 3 Months 0.00 0.00 1.00 1.00 0.90 0.90 0.90

Kotak Bond Short Term FundDebt NIL NIL 0.00 0.00 0.00 0.00 0.70 0.70 0.70

Kotak Gilt Investments FundDebt NIL 12 Months 0.00 0.00 1.00 1.00 1.00 1.00 1.00

Kotak Banking and PSU Debt

Fund Debt NIL N/A 0.00 0.00 0.00 0.00 0.20 0.20 0.20

Kotak Low Duration Fund Debt NIL N/A 0.00 0.00 0.00 0.00 0.50 0.50 0.50

Kotak Gold Fund Debt 12 Months N/A 0.00 0.00 0.00 0.00 0.60 0.60 0.60

Kotak Flexi Debt FundDebt NIL NIL 0.00 0.00 0.00 0.00 0.60 0.60 0.60

Kotak Treasury Advantage

Fund Debt NIL N/A 0.00 0.00 0.00 0.00 0.20 0.20 0.20

Kotak Corporate Bond Fund Debt NIL N/A 0.00 0.00 0.00 0.00 0.20 0.20 0.20

Kotak Liquid Fund Debt NIL N/A 0.00 0.00 0.00 0.00 0.02 0.02 0.02

Kotak Floater Short TermDebt NIL N/A 0.00 0.00 0.00 0.00 0.02 0.02 0.02

x. Distributors are requested to adhere to the terms and conditions set forth by the SEBI Code of conduct for MF intermediaries wrt commission disclosures

TERMS AND CONDITIONS:

I. GENERAL

i. Only fresh SIPs will be eligible.

ii. Any upfronting paid is subject to proportionate clawback if the SIP is Ceased / Stopped / Closed before its Maturity Date

iii. This brokerage structure is applicable till further notice and is subject to changes at the discretion of AMC/ Trustee.

iv. In case of any regulatory changes with respect to expense ratio, the past / present brokerage structure may be reviewed by the AMC.

v. For B15 locations, the Special Incentive B15 is in addition to the T15 upfront brokerage

vi. T15 cities Brokerage, will be with applicable proportionate clawback and B15 cities Brokerage (ie special incentive) will be with full Clawback to the extent of units redeemed (except Kotak Tax Saver scheme where no clawback will be applicable)

vii. The load structures may change at the discretion of AMC / Trustee. Please refer to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer Document(s).

xiv. For <= 1 year SIP Tenure, Upfront brokerage per installment plus trail as per the respective lumpsum structure will be applicable

xii. Kotak Mahindra Asset Management Co. Ltd. Reserves the right to withdraw or suspend or modify this incentive program at any time, without giving any reasons thereof.

xiii. If Sip Installment Amount is <=Rs.10,000 and tenure is >=3 years; Upfronting for only 36 Months will be paid as per above structure. From 37th month onwards installments, upfront brokerage per installment will be payable as per the lumpsum

structure.

viii. Brokerage Structures are subject to the terms of empanelment and applicable laws and regulations, including SEBI (Mutual Fund) Regulations, AMFI Regulations, laws relating to Service Tax, Income Tax, etc.

ix. The payout of “Existing SIP Structure” will be done after a gap of 30 days on a monthly basis. For example, SIP incentive calculation for the month of July, 2015 will be done in Sept, 2015 and paid along with Aug, 2015 brokerage in Sept, 2015

SIP/STP BROKERAGE STRUCTURE FOR APRIL 2018

ARN-67218 Advisor Name - iFAST Financial India Pvt Ltd

ASSET

CLASS EXIT PERIOD

CLAWBACK

PERIOD

xi. The AMC reserves the right to suspend the brokerage payable, if brought to our notice that higher brokerage is offered to sub-brokers or you have violated the code of conduct and/or rules/regulations laid down by SEBI and AMFI

SCHEME NAME

Total B15

incentive Trail 1st year

Trail 2nd / 3rd

year

Trail 4th year

onwards

Exit Load PLATINUM CATEGORY (P)

LIC MF Equity Fund * 1% if exit within 1 year 1.50

LIC MF Growth Fund * 1% if exit within 1 year 1.50

LIC MF Midcap Fund * 1% if exit within 1 year 1.50

LIC MF Banking & Financial Services Fund * 1% if exit within 1 year 1.50

LIC MF Infrastructure Fund * 1% if exit within 1 year 1.50

LIC MF Monthly Income Plan 1% if exit within 1 year 1.35

LIC MF Balanced Fund * 1% if exit within 1 year 1.50

LIC MF Children's Gift Fund Nil 1.50

LIC MF Unit Linked Insurance Scheme * Nil 1.50

LIC MF Tax Plan * Nil 1.50

LIC MF Index Fund - Sensex Plan 1% for exit within one month 0.85

LIC MF Index Fund - Nifty Plan 1% for exit within one month 0.85

LIC MF Exchange Traded Fund - Nifty 50 Nil 0.05

LIC MF Exchange Traded Fund - Nifty 100 Nil 0.05

LIC MF Exchange Traded Fund - Sensex Nil 0.05

LIC MF GSec Long Term Exchange Traded Fund** Nil 0.05

LIC MF Bond Fund 1% if exit within 1 year 0.15

LIC MF Income Plus Fund Nil 0.60

LIC MF GSec Fund 0.25% if exit within 30 days 1.00

LIC MF Savings Plus Fund Nil 0.40

LIC MF Liquid Fund Nil 0.05

** Taxation as per Debt Category

Chief Marketing Officer See Overleaf for Terms and Conditions

Brokerage Structure - April, 2018 to June, 2018 - Platinum Category

Equity Funds

Equity Funds - Thematic

Hybrid Funds

Tax Saver Funds

Index and Exchange Traded Funds

Fixed Income Funds

* Effective April 01, 2018, the classification of T-15/B-15 cities stands revised to T-30/B-30, as per prevailing provisions of the

SEBI (MF) Regulations. Hence, the exclusive brokerage paid to B15 cities stands revised accordingly. Exclusive B30 Upfront

Brokerage is payable @ 1.25% for Platinum Category Distributors for LUMPSUM investments. As regards SIP/STPs transactions

except LIC MF Tax Plan, the Exclusive B30 Brokerage offered during the period 1st January, 2016 to 30th June, 2018 for SIP/STP

Transactions shall be payable ONLY UPTO 30/06/2018.

Scheme Name

Trail APM from Day 1

onwards (%)

1)

2)

3)

4)

5)

6)

7)

8)

9)

10)

11)

LIC Mutual Fund Asset Management Ltd.

Investment Managers to LIC Mutual Fund

Formerly known as LIC Nomura Mutual Fund Asset Management Co. Ltd.

Industrial Assurance Building, 4th Floor,

Opp. Churchgate Station, Mumbai - 400 020.

To know more, please visit www.licmf.com

Call us at - Office - 022-66016000, Toll free number - 1800-258-5678

The Distributors/ARNs are requested to update their Bank Account details with our RTA M/s Karvy. The threshold limit for payment of upfront/trail brokerage

through NEFT/RTGS is Rs.500/- and through warrant/DD is Rs.1,000/-. If the upfront/trail brokerage payable is less than threshold limit, the same will be kept on hold

and will be released once the cumulative upfront/trail brokerage reaches the threshold limit.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Terms and Conditions

The brokerage / incentive amount shall be Gross and inclusive of all statutory levies, if any. The payment to the distributors shall be after deducting any statutory

levies, if any as per prevailing provisions of Law. The brokerage shall be paid only to AMFI / NISM Certified & KYD complied distributors. Distributors are advised to

abide by the code of conduct and rules/regulations laid down by SEBI/AMFI from time to time. LICMF AMC shall be constrained to initiate necessary action, if any

distributor(s) who found violating code of conduct or regulations.

In terms of a SEBI directive, the Distributor/Advisor shall not take any irrevocable Power of Attorney from its clients in connection with investments in the schemes of

LIC Mutual Fund and the liability of Distributor / Advisor shall not be limited to his failure to discharge his obligations.

Any claims, disputes or difference arising under or in connection with this arrangement or anything done or omitted to be done pursuant hereto shall be subject to

the exclusive jurisdiction of the civil courts in Mumbai.

In the event of any excess payment of brokerage to the distributors, LICMF AMC shall reserve the right to deduct and appropriate the excess amount from any

amounts subsequently payable to the distributor. In such event, no subsequent amount is payable by LICMF AMC to the distributor till the time the excess gets

adjusted, Distributor shall refund the excess amount (unadjusted) if any to LICMF AMC within 30 days of demand.

This brokerage structure is subject to EUIN regulations/guidelines as specified by SEBI/AMFI and/or adopted by the Mutual Fund Industry.

The brokerage structure is applicable for types of transactions ie., Lumpsum, SIP/STP and switch-in transactions.

LIC MF AMC reserves the right to change / modify / discontinue / withhold the rates and slabs mentioned at its sole discretion without any prior intimation or in case

of Regulatory Changes / Changes in Industry Practices in respect of Brokerage. LIC MF AMC, its employees or Trustees shall not be responsible for any loss incurred

by anyone due to change, errors or omissions in the brokerage structure.

T-30 refers to the Top 30 Cities provided by AMFI and B-30 refers to all other Cities beyond the Top 30 Cities. In addition, the NRI investments shall be considered as T-

30 investments for the purpose of brokerage payment.

The above brokerage structure is valid only for the period from 1st April, 2018 to 30th June, 2018 and LIC Mutual Fund Asset Management Limited LICMF AMCreserves the right to change the same without any prior notice.

Exclusive B30 Brokerage: Upfront Brokerage paid shall be completely clawed back, set off or recovered from the distributor, if the investments get redeemed before

the exit load period or before completion of 1 year in Equity Funds and before completion of 3 months from other than-equity funds from the date of allotment of

units.

Commission Structure for L&T Mutual Fund (1st April 2018 to 30th April 2018) ARN-67218

Name of the Fund Prepaid Commission Trail (apm) Total Earnings

In first 3 Years Year 1 Year 2 onwards

Equity, Balanced and Hybrid Funds

L&T India Large Cap Fund L&T Infrastructure Fund L&T India Value Fund L&T Mid Cap Fund L&T India Prudence Fund L&T Business Cycles Fund L&T Equity Fund L&T Emerging Businesses Fund L&T India Special Situations Fund L&T Tax Advantage Fund L&T Monthly Income Plan L&T Dynamic Equity Fund

0.25%* 1.00% 1.00% 3.25%

L&T Equity Savings Fund Nil 0.75% 0.75% 2.25%

Arbitrage Fund

L&T Arbitrage Opportunities Fund Nil 0.50% 0.50% 1.50%

Debt Funds

L&T Income Opportunities Fund L&T Resurgent India Corporate Bond Fund

Nil 0.80% 0.80% 2.40%

L&T Triple Ace Bond Fund Nil 0.30% 0.30% 0.90%

L&T Short Term Income Fund Nil 0.50% 0.50% 1.50%

L&T Flexi Bond Fund Nil 0.70% 0.70% 2.10%

L&T Gilt Fund L&T Short Term Opportunities Fund

Nil 0.50% 0.50% 1.50%

L&T Banking and PSU Debt Fund L&T Floating Rate Fund

Nil 0.40% 0.40% 1.20%

L&T Ultra Short Term Fund Nil 0.20% 0.20% 0.60%

Liquid Funds

L&T Cash Fund Nil 0.65% 0.65% 1.95%

L&T Liquid Fund Nil 0.05% 0.05% 0.15%

* For investments > Rs.3 Crore, no prepaid commission will be paid. The prepaid commission indicated above would be paid out in 12 equal instalments.

Commission Structure for L&T Mutual Fund – Terms and Conditions (1st April 2018 to 30th April 2018) ARN-67218

General

a) This is further to your empanelment with L&T Investment Management Limited on behalf of L&T Mutual Fund.

b) The aforesaid structure is effective from 1st April 2018 to 30th April 2018and will remain effective till further notice and may change at the discretion of AMC as a result of any changes in the law.

c) Prepaid Commission: L&T IM wishes to enhance the quality of service provided to its investors to improve retention of investments in its schemes. For this purpose, the AMC intends to fund the distributors

through a prepayment of commission to enable them to service their clients. The prepayment will be based on the amount invested by the customer at the rates specified in the table above to the extent it is

payable to the distributor. The distributor is entitled to keep the commission paid if the investor stays through the exit period. In the event the investment is withdrawn before completion of this period, the

proportionate commission paid which corresponds to the balance exit load period would be recovered or adjusted against other amounts payable to such distributors on account of deficiency of service.

Prepaid Commission will be calculated on a monthly basis on the amount invested by the investor. The amount payable to the distributor shall be paid in the following month.

d) Trail Commission-Year 1: The Trail Commission is calculated on the basis of ‘Daily Average Assets'. The amount payable to the distributor shall be paid in the following month.

e) Trail Commission -Year 2 onwards: Trail will be applicable on all assets procured subject to the assets staying with the Scheme for more than 1 year from the date of subscription. The amount payable to

the distributor shall be paid in the following month.

f) Commission/Incentive will be paid on switches/systematic transfer from one scheme to another scheme. However, no commission will be paid in case of change of option in the same scheme except for L&T

tax Advantage Fund.

g) If the total commission payout to the distributor for a month (including prepaid commission/Incentive) is less than Rs. 250/-, the same would be accrued and carried forward to subsequent months for payouts,

h) AMC reserves the right to change the commission structure at its sole discretion, without giving any notice.

i) The AMC reserves the right not to pay Commission/Incentive on assets mobilized through multiple / split applications from the same investor where such arrangement is made with an intention to earn

Commission/Incentive otherwise not available on the investment.

j) In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of trail commission or any other

mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Distributors are advised to ensure compliance of

the same.

k) The rules and regulations of SEBI/AMFI pertaining to commission/incentive payment to distributors will also be applicable for payment of the commission/incentive as per the structure stated above.

l) The aforesaid commission/incentive structure is based on the present expense ratio allowed by SEBI. Any change by SEBI in the expense ratio will entail a change in the aforesaid commission structure. AMC

reserves the right to change, withdraw and / or amend, the above mentioned terms and conditions without any prior notice.

m) For change of broker code cases, payment of commission will be governed by the requirements of SEBI and / or AMFI.

n) The discharge of liability towards GST will be sole responsibility of the distributor were distributor is registered under GST and L&T Investment Management Limited (LTIM) shall have no obligation in this

behalf. However, if the distributor is not registered under GST, LTIM will deduct and discharge GST liability for the said distributor under Reverse Charge Mechanism (RCM). However, the AMC reserves the

right to deduct any other applicable statutory dues.

THE DISTRIBUTOR AGREES THAT SOURCING OF FUNDS FOR L&T MUTUAL FUND SCHEME(S) AFTER RECEIPT OF THIS BROKERAGE STRUCTURE INCLUDING ABOVE REFERRED

TERMS AND CONDITIONS SHALL BE CONSTRUED AS AN AGREEMENT OF HIS/HER/ITS ACCEPTANCE TO THE TERMS AND CONDITIONS.

Full Trail Model - Apr'18 or till any changes in expense of schemes by the regulator

IFAST FINANCIAL INDIA PVT LTD

Proposed Category Scheme Name Exit LoadClaw Back

Period for a,b

Distribution

Incentive(a)1st Yr. Trail (p.a)

2nd Yr.

Onwards Trail

(p.a)

Total 1st

yr

Payout

3 yr

Payout

Total 1st

yr

Payout

3 yr

Payout

Large Cap RELIANCE TOP 200 FUND ( *Reliance Large Cap Fund ) 12 Months 12 Months 0.20% 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

Large & Mid Cap RELIANCE VISION FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

Multi Cap RELIANCE EQUITY OPPORTUNITIES FUND (*Reliance Multi Cap Fund) 12 Months 12 Months 0.20% 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE FOCUSED LARGE CAP FUND (*Reliance Focussed Equity Fund) 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE MID AND SMALL CAP FUND (*Reliance Focussed Equity Fund) 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

Mid Cap RELIANCE GROWTH FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

Small Cap RELIANCE SMALL CAP FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

Value Fund RELIANCE REGULAR SAVINGS FUND - EQUITY PLAN (*Reliance Value Fund) 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE BANKING FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE PHARMA FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE MEDIA & ENTERTAINMENT FUND (*Reliance Consumption Fund) 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE DIVERSIFIED POWER SECTOR FUND (*Reliance Power & Infra Fund) 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE JAPAN EQUITY FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE US EQUITYOPPORTUNITIES FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE QUANT PLUS FUND (*Reliance Quant Fund) 1 month No Clawback NIL 0.70% 0.70% 1.50% 0.70% 2.10% 2.20% 3.60%

Conservative Hybrid RELIANCE MONTHLY INCOME PLAN (*Reliance Hybrid Bond Fund) 12 Months 12 Months NIL 1.15% 1.15% 1.00% 1.15% 3.45% 2.15% 4.45%

Aggressive Hybrid RELIANCE REGULAR SAVINGS FUND - BALANCED PLAN (*Reliance Equity Hybrid

Fund)12 Months 12 Months NIL 1.25% 1.25% 1.50% 1.25% 3.75% 2.75% 5.25%

Equity Savings RELIANCE EQUITY SAVINGS FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

Balanced Advantage RELIANCE NRI EQUITY FUND (*Reliance Balanced Advantage Fund) 12 Months 12 Months NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

ELSS RELIANCE TAX SAVER FUND 3 yr lock in 3 yr lock in NIL 1.10% 1.10% 1.50% 1.10% 3.30% 2.60% 4.80%

RELIANCE RETIREMENT FUND - WEALTH CREATION 5 yr lock in 5 yr lock in NIL 1.25% 1.25% 1.50% 1.25% 3.75% 2.75% 5.25%

RELIANCE RETIREMENT FUND - INCOME GENERATION 5 yr lock in 5 yr lock in NIL 1.15% 1.15% 1.50% 1.15% 3.45% 2.65% 4.95%

RELIANCE INDEX FUND - NIFTY PLAN 7 days No Clawback NIL 0.50% 0.50% NIL 0.50% 1.50% 0.50% 1.50%

RELIANCE INDEX FUND - SENSEX PLAN 7 days No Clawback NIL 0.50% 0.50% NIL 0.50% 1.50% 0.50% 1.50%

FOF RELIANCE GOLD SAVINGS FUND 12 Months 12 Months NIL 0.60% 0.60% NIL 0.60% 1.80% 0.60% 1.80%

Low Duration Fund RELIANCE MONEY MANAGER FUND (*Reliance Low Duration Fund) NIL No Clawback NIL 0.25% 0.25% NIL 0.25% 0.75% 0.25% 0.75%

Corporate Bond RELIANCE MEDIUM TERM FUND (*Reliance Prime Debt Fund) NIL No Clawback NIL 0.25% 0.25% NIL 0.25% 0.75% 0.25% 0.75%

Short Duration Fund RELIANCE SHORT TERM FUND NIL No Clawback NIL 0.75% 0.50% NIL 0.75% 1.75% 0.75% 1.75%

Banking & PSU RELIANCE BANKING & PSU FUND NIL No Clawback NIL 0.15% 0.15% NIL 0.15% 0.45% 0.15% 0.45%

FloaterRELIANCE FLOATING RATE FUND - SHORT TERM PLAN (*Reliance Floating Rate

Fund)1 Month No Clawback NIL 0.25% 0.25% NIL 0.25% 0.75% 0.25% 0.75%

Credit Risk RELIANCE REGULAR SAVINGS FUND - DEBT PLAN (*Reliance Credit Risk Fund) 12 Months 12 Months 0.25% 0.90% 0.90% 0.50% 0.90% 2.70% 0.90% 2.70%

Medium Duration RELIANCE CORPORATE BOND FUND (*Reliance Classic Bond Fund) 12 Months 12 Months NIL 0.90% 0.90% NIL 0.90% 2.70% 0.90% 2.70%

Dynamic Bond RELIANCE DYNAMIC BOND FUND 12 Months 12 Months NIL 0.85% 0.85% NIL 0.85% 2.55% 0.85% 2.55%

Medium & Long Duration RELIANCE INCOME FUND NIL No Clawback NIL 1.10% 0.90% NIL 1.10% 2.90% 1.10% 2.90%

Gilt RELIANCE GILT SECURITIES FUND NIL No Clawback NIL 0.90% 0.90% NIL 0.90% 2.70% 0.90% 2.70%

Arbitrage RELIANCE ARBITRAGE ADVANTAGE FUND (*Reliance Arbitrage Fund) 1 month No Clawback NIL 0.50% 0.50% NIL 0.50% 1.50% 0.50% 1.50%

Liquid Fund RELIANCE LIQUID FUND - TREASURY PLAN (*Reliance Liquid Fund) NIL No Clawback NIL 0.05% 0.05% NIL 0.05% 0.15% 0.05% 0.15%

Money Market RELIANCE LIQUIDITY FUND (*Reliance Money Market Fund) NIL No Clawback NIL 0.05% 0.05% NIL 0.05% 0.15% 0.05% 0.15%

Ultra Short Duration RELIANCE LIQUID FUND - CASH PLAN (*Reliance Ultra Short Duration Fund) NIL No Clawback NIL 0.75% 0.50% NIL 0.75% 1.75% 0.75% 1.75%

Please refer annexure for detailed terms & conditions and SIP Insure brokerage

* New scheme name. Refer Equity scheme categorization addendum dated 24th Mar 18 which will be effective from 28th Apr 18. Debt schemes categorization is proposed to be effective from 19th May 18

# Additional 10 bps trail for STPs from Reliance Arbitrage Advantage Fund/Reliance Liquid Fund -Cash plan to Equity Schemes except Index & quant. This will be applicable for STPs with minimum installment amount of Rs 5000 and above and minimum tenure of 1 year and above

B-30

Equity

Retirement

(Lumpsum & SIP Investments) T-30 & B-30 Annual

Retention

Incentive for B-

30 Locations(b)

T-30

Focused Fund - Multi Cap

Sectoral

Thematic

Hybrid

Goal Based

Index & FOF

Index

Debt

Arbitrage

Liquid/Ultra Liquid

ARN-67218 June 11, 2018

iFast Financial India Pvt Ltd

1,Ground Floor, Raheja Titanium

Western Express HighwayGoregaon East

Goregaon East

MUMBAI - 400063

Dear Sir / Madam,

Re : Preferred Distribution Agreement - June 2018 - March 2019

The specifics of the fee structure arrangement between Sundaram Mutual Fund and IFAST FINANCIAL INDIA PVT LTD

for the period June 1 , 2018 - March 31, 2019 is as follows

i) Equity Schemes – Lumpsum Investments:

Fee Structure – T30 Cities

EQUITY FUNDS

Sundaram Equity Hybrid Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Mid Cap Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Small Cap Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Infrastructure Adv. Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Select Focus 0.25 1.10 1.10 1.10 1.10

Sundaram Rural and Consumption Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Large and Mid Cap Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Financial Services Opp 0.25 1.10 1.10 1.10 1.10

ELSS

Sundaram Diversified Equity <= Rs.1.5 Lac 3.00 0.00 0.00 0.00 0.50

Sundaram Diversified Equity > Rs.1.5 Lac 0.35 1.05 1.05 1.05 1.05

Fee Structure – B30 Cities

EQUITY FUNDS

Sundaram Equity Hybrid Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Mid Cap Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Small Cap Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Infrastructure Adv. Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Select Focus 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Rural and Consumption Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Large and Mid Cap Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Financial Services Opp 0.25 0.00 1.10 1.10 1.10 1.10

ELSS

Sundaram Diversified Equity <= Rs.1.5 Lac 3.00 0.00 0.00 0.00 0.00 0.50

Sundaram Diversified Equity > Rs.1.5 Lac 0.35 0.00 1.05 1.05 1.05 1.05

Year-4

Onwards (%)Product AIP (%) #ARI (%)

Year-1

Trail (%)

Year-2

Trail (%)

Year-3

Trail (%)

Year-4

Onwards (%)Product ADI (%)

Year-1

Trail (%)

Year-2

Trail (%)

Year-3

Trail (%)

Page 1 of 4

ii )Equity Schemes – SIP Investments:

Fee Structure – T30 Cities

EQUITY FUNDS

Sundaram Equity Hybrid Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Mid Cap Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Small Cap Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Infrastructure Adv. Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Select Focus 0.25 1.10 1.10 1.10 1.10

Sundaram Rural and Consumption Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Large and Mid Cap Fund 0.25 1.10 1.10 1.10 1.10

Sundaram Financial Services Opp 0.25 1.10 1.10 1.10 1.10

ELSS

Sundaram Diversified Equity <= Rs.1.5 Lac 3.00 0.00 0.00 0.00 0.50

Sundaram Diversified Equity > Rs.1.5 Lac 0.35 1.05 1.05 1.05 1.05

Fee Structure – B30 Cities

EQUITY FUNDS

Sundaram Equity Hybrid Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Mid Cap Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Small Cap Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Infrastructure Adv. Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Select Focus 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Rural and Consumption Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Large and Mid Cap Fund 0.25 0.00 1.10 1.10 1.10 1.10

Sundaram Financial Services Opp 0.25 0.00 1.10 1.10 1.10 1.10

ELSS

Sundaram Diversified Equity <= Rs.1.5 Lac 3.00 0.00 0.00 0.00 0.00 0.35

Sundaram Diversified Equity > Rs.1.5 Lac 0.35 0.00 1.05 1.05 1.05 1.05

Year-4

Onwards (%)Product AIP (%) #ARI (%)

Year-1

Trail (%)

Year-2

Trail (%)

Year-3

Trail (%)

Product ADI (%)Year-1

Trail (%)

Year-2

Trail (%)

Year-3

Trail (%)

Year-4

Onwards (%)

Page 2 of 4

SIP Incentive: We are pleased to upfront ADI / AIP on new SIP/STP in our equity funds, as follows.

* ADI/AIP : Quantum of advance ADI /AIP, subject to a Maximum of 1.00 %

Hybrid Schemes - Lumpsum & SIP : T 30 & B30 Cities

Product ADI/AIP (%) ARI (%)Year-1

Trail (%)

Year-2

Trail (%)

Year-3

Trail (%)

Year-4

Onwards (%)

Sundaram Debt Oriented Hybrid Fund 0.75 0.00 0.50 0.50 0.50 0.50

Sundaram Smart Nifty100 (Lumpsum ) 0.00 0.00 0.50 0.50 0.50 0.50

Sundaram Smart Nifty100 ( SIP) 0.00 0.00 0.50 0.50 0.50 0.50

Sundaram Multi Asset Fund (Lumpsum) 0.40 0.00 0.50 0.50 0.50 0.50

Sundaram Multi Asset Fund (SIP) 0.40 0.00 0.50 0.50 0.50 0.50

Other Fixed Income Schemes - Lumpsum & SIP: T 30 & B30 Cities

Product ARI %Year-1

Trail (%)

Year-2

Trail (%)

Year-3

Trail (%)

Year-4

Onwards (%)

DEBT FUNDS

Sundaram Medium Term Bond Fund 1.00 0.00 1.00 1.00 1.00 1.00

Sundaram Short Term Debt Fund 0.00 0.00 0.50 0.50 0.50 0.50

Sundaram Corporate Bond Fund 0.00 0.00 0.15 0.15 0.15 0.15

Sundaram Banking & PSU Debt Fund 0.00 0.00 0.09 0.09 0.09 0.09

FUND OF FUNDS

Sundaram Global Advantage Fund 0.00 0.00 0.20 0.20 0.20 0.20

LIQUID & SHORT TERM FUNDS

Sundaram Money Fund 0.00 0.00 0.04 0.04 0.04 0.04

Sundaram Low Duration Fund 0.00 0.00 0.40 0.40 0.40 0.40

Sundaram Short Term Credit Risk Fund 0.00 0.00 0.75 0.75 0.75 0.75

ADI/AIP (%)

Annual Retention Incentive

for B-30 locations

SIP/STP Installment Trail for All

Years(p.a.)

> Rs.10000

< Rs.1000

Same as SIP Pricing

Same as SIP Pricing

SIP’s Of 36 Months Or More All Other SIP’s

ADI / AIP %Trail for All

Years(p.a.)ADI / AIP %

>= Rs.1000 & <= Rs.10000 ADI/AIP for SIP x 36 Months Same as SIP Pricing

Same as SIP

T-30& B30 Locations

Page 3 of 4

Terms and Conditions:

1.The attached brokerage structure is applicable for the period June 1 , 2018 - March 31, 2019. However, Sundaram Asset

Management Ltd. reserves the right to change the Brokerage Rates applicable – Distribution Incentive / Trail in the intermittent period in case of Regulatory Changes / Change in Industry practices inrespect to payment of Brokerage on Funds.

2.Advanced Distribution Incentive (ADI), Additional Incentive Payout (AIP) refers to the quantum of trail brokerage advanced to the

distributors. In case redemption/switch-out of investments before the expiry of advancing period, proportionate ADI, AIP & any other

incentive shall be recovered/clawed back/ set off from any payments due to the distributor, at AMC's sole discretion. The quantum of

recovery depends on the period for which trail brokerage is advanced.

3. #Annualised Retention Incentive (ARI) refers to the quantum of additional brokerage payable on fresh mobilization in B30 cities.

In the event of redemption / switchout within one year from the date of investment, the ARI paid to you will be completely recovered

/clawed back /set off from any payment due to you.

4. T-30 refers to TOP 30 cities provided by AMFI & B-30 refers to the cities beyond TOP 30 cities referred in AMFI circular.

5. In the event premature closure of SIP / STP, proportionate incentive on New SIP will be recovered from the subsequent payouts.

6. Sundaram Asset Management Company Limited reserves the right to change the brokerage / incentive without prior intimation.

7. The above compensation structure is inclusive of all applicable taxes and levies (if any). The brokerage payment is subject to

receipt of stautory documents and filing ( & not limited to) and invoices,within a reasonable period of time

8. This letter will supercede any other incentive/ brokerage communication issued earlier for the above period.

9. AMC reserves the right to make prospective changes to the structure including trail on existing assets. In the event of unavoidable

reduction in expenses due to regulatory / other reasons, the perpetual trail may undergo change.

10. For all SIP/STP investments, other than new SIP/STP, brokerage on Lumpsum investments applies.

11. Direct Plan (Lump sum & SIP Investments):

i) No brokerage is payable on purchases/ switches into direct plans.

ii) Switches from regular plan(s) into Direct Plan(s) will be subject to proportionate or complete claw back as per the

guidelines governing claw back.

12. Incentives AIP & ARI are payable only on investments from B30 Cities.

Looking forward to your support in our products,

Yours sincerely,

Sunil Subramaniam

Chief Executive Officer ARN-67218

Page 4 of 4

Upfront

Brokerage 1st Year Trail

2nd Year Onwards

Trail

4th Year Onwards

Trail

Tata Retirement Savings Fund -PP Refer SID 0.00% 1.70% 1.70% 1.70% 1.00%

Tata Retirement Savings Fund -MP Refer SID 0.00% 1.70% 1.70% 1.70% 1.00%

Tata Retirement Savings Fund -CP Refer SID 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Young Citizens Fund Refer SID 0.00% 1.40% 1.40% 1.40% 1.00%

Tata India Tax Savings Fund Refer SID 0.25% 1.50% 1.50% 1.40% 1.00%

Tata Mid Cap Growth Fund 1% - 365 Days 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Dividend Yield Fund 1% - 365 Days 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Ethical Fund 1% - 365 Days 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Equity P/E Fund 1% - 365 Days 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Large Cap Fund 1% - 365 Days 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Equity Opportunities Fund 1% - 365 Days 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Balanced Fund 1% - 365 Days 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Regular Savings Equity Fund 0.25% - 90 Days 0.00% 1.20% 1.20% 1.20% 1.00%

Tata Banking & Financial Services Fund ($) 0.25% - 3 months 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Digital India Fund ($) 0.25% - 3 months 0.00% 1.40% 1.40% 1.40% 1.00%

Tata India Consumer Fund ($) 0.25% - 3 months 0.00% 1.40% 1.40% 1.40% 1.00%

Tata India Pharma & Health Care Fund ($) 0.25% - 3 months 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Resources & Energy Fund ($) 0.25% - 3 months 0.00% 1.40% 1.40% 1.40% 1.00%

Tata Infrastructure Fund ($) 0.25% - 3 months 0.00% 1.40% 1.40% 1.40% 1.00%

TATA Index Fund - NIFTY A 0.25% - 7 Days 0.00% 0.15% 0.15% 0.15%

TATA Index Fund - SENSEX A 0.25% - 7 Days 0.00% 0.15% 0.15% 0.15%

Tata Short Term Bond Fund NIL 0.00% 0.80% 0.80% 0.80%

Tata Dynamic Bond Fund ($) 0.50% - 30 Days 0.00% 1.20% 1.20% 1.20%

Tata Long Term Debt Fund 1.00% - 365 Days 0.00% 1.10% 1.10% 1.10%

Tata Medium Term Fund 1.00% - 365 Days 0.00% 1.10% 1.10% 1.10%

Tata Gilt Mid Term Fund NIL 0.00% 0.75% 0.75% 0.75%

Tata Gilt Securities Fund 0.50% - 180 Days 0.00% 0.80% 0.80% 0.80%

Tata Ultra Short Term Fund NIL 0.00% 0.15% 0.15% 0.15%

Tata Corporate Bond Fund NIL 0.00% 0.70% 0.70% 0.70%

Tata Money Market Fund NIL 0.00% 0.05% 0.05% 0.05%

Tata Liquid Fund NIL 0.00% 0.05% 0.05% 0.05%

Gilt Funds

Ultra Short Funds

Liquid Funds

Solutions

ELSS

Equity Funds

Index Funds

Debt Funds

Brokerage Structure

Applicable from 1st April 2018 to 30th June 2018

Scheme Name Exit LoadSpecial Incentive

(B-30)

T - 30 & B - 30

Notes:

All trail rates are payable in apm mode. DOA stands for the Date of allotment

($) Upfront brokerage is with proportionate claw back if redeemed within or up to 1 Year from the DOA.

The above structure is applicable for any application amount (subject to Minimum application amount criteria of respective scheme)

B-30 Special Incentive is payable as one time Upfront Payment. For applications > Rs 5 Crs the B-30 Special incentive will be paid as 1/12 th portion each month for a total of 1 Year period

The above structure is applicable for both Lump Sum as well as SIP/STP Transactions

5. Trail :(a) First year trail commission is calculated from the date of the allotment till the end of the first year of investment or till the investor stays invested in the scheme, whichever is earlier and

is calculated on pro-rata basis, by taking the average of net asset value during the period under consideration and on the outstanding units.(b) Second year trail commission is calculated from date of completion of one year from the date of allotment till the completion of 2nd year. It is calculated on pro-rata basis, by taking

average of net asset value during the period under consideration. Second year trail commission as applicable to the scheme is paid either perpetually till the investor stays invested in thescheme or for the specific period mentioned in the commission structure applicable to the scheme.

1. Top-30 Locations (T-30) as provided by AMFI & Beyond-30 Locations (B-30) refers to all the Locations beyond the Top-30 Locations.

12. TATA AMC reserves the right to modify, withdraw or suspend the brokerage structure at any time.

7. TATA AMC may change the rates/periodicity etc of commission in case of change in regulations/Load Structure/expense ratio and any other factors which have an impact on suchpayments. Such Change would be applicable for remaining SIP/STP installments also.

8. Please read the latest SID and addendums carefully to confirm the scheme details.

9. Vide SEBI circular dated November 28th, 2002 and AMFI's subsequent circulars, intermediaries are not entitled to commission/incentive on their own investment. Commission/ incentiveis not payable for investment made by sponsor(s) of TATA AMC.

10. In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of trailcommission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor.Distributors are advised to ensure strict compliance of the same.

11. The objective of the above structure is to reward genuine investments canvassed by distributors. Any misuse of the commission/reward structure should be discouraged andcommission of such distributors found involved in any malpractice may be withheld.

6. The commission rates are inclusive of all taxes, levies, statutory dues and Goods & Service Tax (GST). If any tax is required to be deducted at source, the same will be deducted fromthe payment of the distributors.

Terms & Conditions

2. Brokerage Structure for Top 30 & Beyond 30 Locations:

(a) Top 30 locations - will be offered Upfront + Trail commission as applicable. Beyond 30 locations – would be offered Upfront + Trail commission + Special incentive for B-30 as applicable. (b) Upfront commission is with proportionate Clawback, if redeemed/SWP/Switched out within the exit load period or defined brokerage clawback period ($) (which ever is higher) of the respective scheme. This applies even for the exit load free period (within the exit load period or defined clawback period ($), whichever is higher) mandated due to changes in fundamental attributes of the scheme. In case of "Tata Retirement Savings Fund" (TRSF),Tata Young Citizens Fund (TYCF) and Select Schemes ($) the clawback will be applicable if redeemed before 1 Year from the date of Allotment. (c) Special Incentive (for Beyond 30 cities) is with Complete Clawback, if redeemed/SWP/Switched out within one year of date of allotment of the units in the respective scheme. This applies even for the exit load free period (within the applicable clawback period of 1 year) mandated due to changes in fundamental attributes of the scheme.

3. The proposed brokerage structure is applicable for regular plan only. NO brokerage / Commission (Upfront, Trail, Special Incentive) will be payable on Direct Plans

4. Switches :

(a) For all switches from Direct Plan to Existing Regular Plan (Plan A) of All Schemes the distributor will be eligible for only Trail brokerage payout. No upfront commission & special incentive for B-30 locations will be payable on such switches.This also applies for Intra Scheme Switches (From One Plan to Another Plan of the same Scheme.

ELSS Scheme Exit LoadDistribution

Incentive

Trail Incentive 1st

Year (p.a.)

Trail Incentive

2nd & 3rd Year

(p.a.)

Trail Incentive 4th year

onwards (p.a.)

Taurus Tax Shield (TTS) N.A. NIL 1.50% 1.50% 1.50%

Focus Equity Schemes Exit LoadDistribution

Incentive

Trail Incentive 1st

Year (p.a.)

Taurus Starshare (Multi Cap) Fund (TSS)

Taurus Discovery (Midcap ) Fund (TDF)

Taurus Ethical Fund (TEF)

Equity Schemes Exit LoadDistribution

Incentive

Trail Incentive 1st

Year (p.a.)

Taurus Banking & Financial Services Fund (TBFS)

Taurus Largecap Equity Fund #

Taurus Infrastructure Fund (TIF)

Equity Schemes Exit LoadDistribution

Incentive

Trail Incentive 1st

Year (p.a.)

Taurus Nifty Index Fund

0.50% if exited on or before 180

days.

NIL after 180 days.

Nil 0.25%

Debt Schemes Exit Load

Distribution

Incentive

Trail Incentive 1st

Year (p.a.)

Taurus Liquid Fund Nil Nil 0.02%

Terms and Conditions:-

3. Recovery / Clawaback:-

For Direct Plans:-

1.Switch from Regular Plan (under ARN Code) to Direct Plan whether inter-scheme or intra-scheme will attract applicable exit load and Trail incentive will discontinue.

2. Switch from Direct Plan to Regular Plan (under ARN Code) whether inter-scheme or intra-scheme will not attract applicable exit load and relevant incentive will be paid.

Please Note:1. All incentives are inclusive of all statutory or applicable taxes as applicable.

2. Net amount after deduction of the statutory levies and deductions if any, will be paid to the distributor as mentioned above.

3. Taurus AMC reserves the right to change the Incentive structure at any time.

4. Please read Scheme Information Document for complete details of the scheme.

5. The structure supercedes all the previous structure.

0.02%

(ii). Partial Redemption : In case the investment is partially redeemed from any Equity / ELSS schemes within the Exit Load period - the Distribution Incentive will be

proportionately recovered / clawed back from the future Brokerage payments of the distributor to the extent of the amount redeemed.

0.75%

*AMC reserves that right to claw back / reverse brokerage which is in excess of distributable TER guidelines issued by AMFI.

# Taurus Largecap Equity Fund (earlier known as Taurus Bonanza Fund) w.e.f. 23rd March 2018

Disclaimer: Mutual Fund investments are subject to market risk; please read all scheme related documents carefully

E.& O.E.

6. In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors shall disclose all the commissions (in the form of

trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to

the investor.

(i). Complete Redemption : In case the investment is fully redeemed from any Equity / ELSS within the Exit Load period - the Distribution Incentive will be proportionately

recovered / clawed back from the future Brokerage payments of the distributor.

2. For Switch from Tax Shield (ELSS) to any other Scheme (after 3 yrs lock-in period) - Distribution incentive will not be applicable

1. W.E.F. Mar 1, '18 - Exit Load & relevant incentive will be applicable for all Switch transactions FROM all schemes, as applicable on the From (OUT) scheme.

Statutory / AMFI Driven Regulations:

1. The rate of Commission mentioned in this document is inclusive of taxes.

2. In view of applicablity of GST on brokerage as taxable service, every distributor must have GST number and are registered distributors. Those who are not registered with GST

are called as unregistered distributors. Please consult your tax advisor for applicability of GST and related documentation & procedures.

3. Every distributor must furnish the details of GST with AMFI / RTA. To know the procedure for submission, please visit AMFI website

4. Every month before release of brokerage, RTA will check the GST registration details, documentation status including Invoice submission before release of brokerage payout.

5. For the registered distributors, the brokerage will be computed / paid Gross and the GST has to be computed under forward mechanismand remitted by the Distributor. For

the unregistered distributors the brokerage will be computed / paid Net and the GST will be remitted under reverse mechanism and remitted by AMC

6. For movement from unregistered to registered distributor or updates by distributor received after cut off date by RTA, then the same will be considered and validated for next

cycle of brokerage.

7. In case any assets under your ARN Code are transferred to another Distributor at the request of the Investor, you shall not be entitled to receive any trail commission on such

assets. Further, the payments of trail commission on assets that are transferred from another Distributor to your ARN Code shall be subject to us receiving a “Clearance

Certificate” from the previous Distributor. Please contact your Relationship Manager for further details.

8. The upfront commission that is payable by the investor (if any) as per the SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) will be paid directly to the Distributor /

Advisor by the investor based on his assessment of various factors including the service rendered by the Distributor / Advisor. Further, the Distributor / Advisor is required to

disclose to customers all the commissions (in the form of trail commission or any other mode) received by him for different competing schemes of various mutual funds from

amongst which scheme is being recommended to them.

9. The Distributor shall adhere to all applicable SEBI Regulations and more particularly SEBI circulars dated June 26, 2002 and August 27, 2009 on the Code of Conduct and other

guidelines issued by AMFI from time to time for mutual fund distributors and ensure that (i) no rebate is given to investors in any form and (ii) splitting of applications for any

benefit.

10. The payment of Commission shall depend on the documentation completion status as per the empanelment form and as per provisions of GST Act.

11. In terms of SEBI directive, the Distributor / Advisor shall not take any Irrevocable Power of Attorney from its clients in connection with investments in the schemes of Taurus

Mutual Fund and that the liability of Distributor / Advisor shall not be limited and depend upon his failure to discharge his obligations.

12. All ARN holders are required to comply with the norms related to Know Your Distributor (KYD) as per AMFI circular dated August 27, 2010. The payment of Commission shall

be suspended till the Distributor complies with this requirement

Load and Incentive structure* for the period 1st April 2018 to 30th June 2018

Marketing Fee

Trail Incentive 2nd year onwards (p.a.)

0.25%

0.50% if exited on or before 7 days,

NIL after 7 days.

Trail Incentive 2nd

year onwards (p.a.)

Trail Incentive 2nd

year onwards (p.a.)

Trail Incentive 2nd

year onwards (p.a.)

0.50% if exited on or before 180

days,

NIL after 180 days.

NIL 0.75%

NIL 1.50% 1.50%

4. Recovery / Clawaback:-

For Direct Plans:-

1.Switch from Existing Plan (under ARN Code) to Direct Plan whether inter-scheme or intra-scheme will attract applicable exit load and Trail incentive will discontinue.

2. Switch from Direct Plan to Existing Plan (under ARN Code) whether inter-scheme or intra-scheme will not attract applicable exit load and relevant incentive will be paid.

3. Switch from Existing Plan (without ARN Code) to Direct Plan within the Scheme or within equity schemes** (except Nifty Index Fund & Tax Shield) will not attract exit load.

4. Switch from Existing Plan (without ARN Code) of a Scheme to Direct Plan of Nifty Index Fund, Tax Shield , MIP or Debt Schemes will attract applicable exit load.

Please Note:1. All incentives are Gross and inclusive of all statutory levies including service tax and education cess as applicable.

2. Net amount after deduction of the statutory levies and deductions if any, will be paid to the distributor.

3. Taurus AMC reserves the right to change the Incentive structure at any time.

4. Please read Scheme Information Document for complete details of the scheme.

5. The structure supercedes any previous structure.

E.& O.E.

commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor.

1. Switch within Existing Plans of Taurus Starshare, Ethical Fund, Infrastructure Fund, Largecap Fund, Discovery Fund, Banking & Financial Services Fund (BFS Fund) & Nifty

2. Switch in the following cases for Existing Plans will attract applicable exit load and relevant incentive will be paid

(i) Switch from debt schemes to equity schemes (including Nifty Index Fund) and vice-versa

(ii) Switch between debt schemes

(iii) Switch into Tax Shield (ELSS) from other Schemes.

3. For Switch from Tax Shield (ELSS) to any other Scheme (after 3 yrs lock-in period) no Distribution incentive will be paid.

(i). Complete Redemption: In case the investment in Discovery Fund, Ethical Fund, Bonanza Fund, Starshare Fund is redeemed within the Exit Load period - the Distribution

Incentive will be proportionately recovered / clawed back from the future Brokerage payments of the distributor.

(ii). Partial Redemption: In case the investment in Discovery Fund, Ethical Fund, Bonanza Fund, Starshare Fund is partially redeemed within the Exit Load period - the

Distribution Incentive will be proportionately recovered / clawed back from the future Brokerage payments of the distributor to the extent of the amount redeemed.

4) Normal incentive structure will apply on the amount mobilized in the aforesaid schemes through other than SIP/STP mode.

5) Minimum tenure of the SIP/STP : 36 months

4) The SIP / STP Incentive is subject to : ( A) NACH Mandate being registerd with bank . ( B) STP mandate registerd with RTA .

Statutory / AMFI Driven Regulations:

6. In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors shall disclose all the commissions (in the form of trail

12) Please read Scheme Information Document for complete details of the Scheme

13) In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors shall disclose all the commissions (in the form of trail commission or

7) No multiple applications would be allowed in the same scheme. In case there are multiple applications they would be treated as one.

8) In case the SIP/STP account is closed/discontinued before completing 36 months, the upfront incentive will be proportionately recovered/clawed back from the future brokerage payments of the

distributor.

9) All incentives are Gross and inclusive of all statutory levies including service tax and education cess as applicable

10) Net amount after deduction of the statutory levies and deductions if any will be paid to the distributor

11) Taurus AMC reserves the right to change the incentive structure any time

3) Trail : 1% p.a. 1st year onwards. on the amount mobilized through SIP/STP. Please note that the trail incentive as advised vide the Load & Incentive Structure for the period 1st January to 31st

March 2018 will not be applicable for the aforementioned schemes for the amount mobilized through SIP/STP in case of those distributors to whom this SIP/STP structure is being offered.

SIP Amount

1000 >=5000

Minimum Tenure 36 months & above

SIP Amount X 36 months X 0.50%

Applicable from 1st April to 30th June 2018

The SIP/STP Incentive is tabled below

Terms & Conditions:-

1) The SIP/STP campaign would be run for the following equity schemes during the period 1st April to 30th June 2018

Taurus Ethical Fund ,Taurus Discovery (Midcap ) Fund, Taurus Starshare(Multi Cap ) Fund & Taurus Tax Shield

UTI Asset Management Company Limited Private & Confidential Commission structure Payable to Multi City Distributor (Retail)

Validity Period: 1st April 2018 to 30th June 2018

Page No. 1

Please refer to the terms and conditions details on page 3 & 4

Scheme Name Classification Exit Load Upfront % Perpetual Trail

Trail Applicable

From

Additional

upfront for B-30

Clawback

Period From Date To Date

Equity Schemes

UTI - Equity Fund Multi Cap Fund

< 1 Year - 1%

nil 1.40%

1st Day

1.50%

1 Year

01-Apr-18 30-Jun-18

UTI - Opportunities Fund Value Fund nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Mastershare Unit Scheme Large Cap Fund nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Mid Cap Fund Mid Cap Fund nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Dividend Yield Fund Dividend Yield Fund nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Bluechip Flexicap Fund (To be merged into UTI Equity Fund) nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - MNC Fund Thematic - MNC nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Infrastructure Fund Thematic - Infrastructure nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Transportation and Logistics Fund Sectoral - Auto nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Banking Sector Fund (To be

renamed as UTI Banking and Financial

Services Fund)

Sectoral - Banking and Financial

Services

< 1 Year - 1%

nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Top 100 Fund (To be renamed as

UTI Core Equity Fund) Large & Mid Cap Fund nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Pharma & Healthcare Fund (To be

renamed as UTI Healthcare Fund) Sectoral - Healthcare nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - India Lifestyle Fund Thematic - Consumption nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI - Multicap Fund

(To be merged into UTI

Opportunities Fund) nil 1.40% 1.50% 01-Apr-18 30-Jun-18

UTI Long Term Equity Fund (Tax Savings)

(Upto 1.50 Lakhs per person per year) ELSS

Nil 3.00%

0.90%

4th Year

1.50%

N.A

01-Apr-18 30-Jun-18

UTI Long Term Equity Fund (Tax Savings)

(Beyond 1.50 Lakhs per person per year)

(If in any single transaction, Rs 1.50 lakhs

is crossed, this structure will apply on the

whole transaction) ELSS

Nil nil

1.40%

1st Day

1.50% N.A 01-Apr-18 30-Jun-18

UTI Nifty Index Fund Index Fund Nil

nil 0.05% 1st Day - N.A 01-Apr-18 30-Jun-18



Page No. 2


Scheme Name Classification Exit Load Upfront % Perpetual Trail

Trail Applicable

From

Additional

upfront for B-30

Clawback

Period From Date To Date

Hybrid & Solutions

UTI Unit Linked Insurance Plan

Load UTI ULIP :

Premature Withdrawal -

2% nil 1.15% 1st Day 1.50% 1 Year 01-Apr-18 30-Jun-18

UTI Retirement Benefit Pension Fund Retirement Fund

Load UTI RBP : <

1 year - 5%,

>=1year and <3 years -

3%, >=3 years and <5

years - 1% nil 1.05% 1st Day 1.50% 1 Year 01-Apr-18 30-Jun-18

UTI Children's Career Balanced Plan (To

be renamed as UTI Childrens Career Fund

- Savings Plan) Children's Fund

< 2 years - 3%,

>=2years and <4 years -



UTI Smart Woman Savings Plan

To be merged into UTI Regular

Savings Plan Nil nil 1.25% 1st Day 1.50% 1 Year 01-Apr-18 30-Jun-18

UTI CCP Advantage Fund (To be renamed

as UTI Childrens Career Fund -

Investment Plan) Children's Fund

< 1 year - 4%,

>=1year and <3 years -



UTI Wealth Builder Fund Multi Asset Allocation < 1 Year - 1% nil 1.40% 1st Day 1.50% 1 Year 01-Apr-18 30-Jun-18

UTI Balanced Fund (To be renamed as

UTI Hybrid Equity Fund) Aggressive Hybrid < 1 Year - 1% nil 1.40% 1st Day 1.50% 1 Year 01-Apr-18 30-Jun-18

UTI CRTS


Savings Plan Nil nil 1.25% 1st Day 1.50% 1 Year 01-Apr-18 30-Jun-18

UTI MIS


Savings Plan < 1 Year - 1% nil

0.70% for 1st

3 Years ,

0.60% from

4th year

onwards 1st day Nil 1 Year 01-Apr-18 30-Jun-18

UTI MIS Advantage Fund (To be renamed

as UTI Regular Savings Fund) Conservative Hybrid Nil nil

1.15% for 1st

3 Years ,

0.80% from

4th year

onwards 1st day Nil N.A 01-Apr-18 30-Jun-18

UTI Spread Fund (To be renamed as UTI

Arbritage Fund) Arbritrage < 30 days - 0.50% nil

0.40% for 1st

Year, 0.35%

thereafter 1st day -- N.A 01-Apr-18 30-Jun-18



Page No. 3


Please refer to the terms and conditions.

Terms & Conditions

1. The above structure is valid from 1st April 2018 to 30th June 2018 and is inclusive of GST.

2. T-30 refers to the Top 30 Cities provided by AMFI and B -30 refers to all the cities beyond the Top 30 Cities.

3. 3 Year total includes Upfront and trail for the entire period provided the investment remains for the entire period.

4. Claw Back Condition:

a) For Upfront

In case the investment is redeemed within the claw back period, as applicable, the proportionate (i.e. for the remaining period of claw back period) of

upfront paid shall be recovered/clawed back/ set off from the future brokerage payments, at AMC’s sole discretion.

b) For Additional Upfront (B30 Incentive)

In case the investment is redeemed within the claw back period, the additional upfront (including additional upfront/incentive etc.) paid shall be recovered

/clawed back/set off fully from the future brokerage payments, at AMC's sole discretion.

5. For switches between schemes following would be applicable:

a. Income & Liquid fund/s to Equity fund/s, Balanced & Hybrid Funds: Upfront & Trail commission as applicable to the destination fund will be payable.

b. Equity to Equity fund/s: No upfront would be payable. However Trail commission as applicable to the destination fund will be payable.

c. Balanced/Hybrid category to Balanced/ Hybrid category: No upfront would be payable. However Trail commission as applicable to the destination fund

will be payable.

6. UTI AMC may change the rates / periodicity etc. of commission/ trail commission in case of change in regulations / expense ratio and any other factors

which have an impact on such payments.

7. Commission will be paid on net amount (i.e., cheque amount – transaction charges) only.



Page No. 4


8. For UTI Contests (UTI Summit not applicable) and Additional Incentive (if any), please refer to the respective terms

and conditions.

9. In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the

commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst

which the scheme is being recommended to the investor. Please ensure compliance.

Trail

Yr 1

Trail

Yr 2 Onwards

UTI - Overnight Fund (UTI G-SEC STP) 0.03% 0.03%

UTI - Liquid Cash Plan 0.05% 0.05%

UTI - Money Market Fund 0.10% 0.10%

UTI - Treasury Advantage Fund 0.15% 0.15%

UTI - Banking & PSU Debt Fund 0.05% 0.05%

Scheme Name Trail

Yr 1

Trail

Yr 2 Onwards

UTI - Ultra Short Term Fund (UTI FRF) 0.70% 0.50%

UTI - Short Term Income Fund 0.60% 0.50%

UTI - Gilt Fund (UTI Gilt Adv Fund) 0.60% 0.50%

UTI - Medium Term Fund 0.95% 0.70%

Trail

Yr 1, Yr 2 & Yr 3

Trail

Yr 4 Onwards

UTI - Bond Fund

UTI - Dynamic Bond Fund

UTI - Credit Risk Fund (UTI IOF)

Please note :

GR

OU

P '

A'

UTI Asset Management Company LimitedCustomized Commission Structure for Fixed Income for Multi City ARNs

The below structure is applicable for Q1 FY 18-19, from Apri 1, 2018 to June 30, 2018

1. The above structure is applicable for Q1 FY 2018-19 , from April 1, 2018 to June 30, 2018. Any

change in the structure (if any ) will be communicated as and when it take place.

2. Intermediaries are not entitled to commission / incentive on their own business. Commission/

incentive is not payable for investment made by sponsors of UTI AMC.

GR

OU

P '

C'

Scheme Name

1.25% 0.80%

Private & Confidential

COMMISSION STRUCTURE FIXED INCOME - Q1 FY18-19

Scheme Name

GR

OU

P '

B'

6. UTI AMC may change the rates / periodicity etc of commission in case of change in regulations

/ expense ratio and any other factors which have an impact on such payments.

7.UTI AMC reserves the right to modify, withdraw or suspend the brokerage structure at any time.

3. The commission rates are inclusive of all taxes/ levies/statutory duties /service tax etc

4. First year trail commission is calculated from the date of the investment till the end of the first

year of investment or till the investor stays invested in the scheme, whichever is earlier and is

calculated on pro-rata basis, by taking the average of net asset value during the period under

consideration and on the outstanding units.

5. Second year & onwards trail commission is calculated from date of completion of one year from

the date of investment. It is calculated on pro-rata basis, by taking average of net asset value

during the period under consideration. Second year trail commission as applicable to the scheme

is paid either perpetually till the investor stays invested in the scheme or for the specific period

mentioned in the commission structure applicable to the scheme