Mutual Funds - Commission Structure Includes Mumbai (including Thane & Navi Mumbai), Delhi (including

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  • Mutual Funds - Commission Structure July 2017 onwards

    This document includes details of commissions (up-front and trail) which the Bank receives, as a distributor of mutual funds, from the following Asset Management Companies (AMCs):

    • Birla SunLife Asset Management Company Ltd.

    • Franklin Templeton Asset Management Company Ltd.

    • HDFC Asset Management Company Ltd.

    • DSP BlackRock Asset Management Company Ltd.

    • HSBC Asset Management Company Ltd.

    • IDFC Mutual Fund

    • ICICI Prudential Asset Management Company Ltd.

    • L&T Mutual Fund

    • Tata Mutual Fund

  • Birla Sun Life Asset Management Company Ltd.

    Category Clawback Period UF 1Y & 2Y Trail Trail 3Y onwards B15 Incentive BSL Frontline Equity BSL Balanced 95 Fund BSL Equity N.A. - 1.25 1.15 1.50 BSL MNC Fund 1.35 1.25 1.50 BSL Top 100 BSL Midcap Fund BSL Small & Midcap BSL Banking & Financial Services

    N.A. - 1.25 1.25 1.50 N.A. 1.00 1.00 1.50

    For Appl Amount 1,50,000 - 1.00 1.00 1.50

    Arbitrage N.A. - 0.50 0.50 - BSL India GenNext Fund BSL Manufacturing Equity BSL Infrastructure Fund BSL Dividend Yield Plus BSL India Reforms Fund BSL India Opportunities BSL New Millennium BSL Special Situations BSL Intl Equity-Plan A & B

    Index N.A. - 0.25 0.25 - BSL Gold Fund BSL Global Commodities Fund, BSL Global Real Estate Fund BSL Active Debt Multi Manager FOF

    Hybrid - Debt 1 N.A. - 1.00 1.00 1.50 Hybrid - Debt 2 N.A. 1.00 1.00 1.00 Hybrid - Debt 3 N.A. - 0.60 0.60 0.50 Debt 1 N.A. - 0.50 0.50 - Debt 2 N.A. - 0.60 0.60 0.50 Debt 3 N.A. - 0.75 0.75 0.50 Debt 4A N.A. - 0.75 0.75 0.75 Debt 4B N.A. - 1.00 1.00 1.00

    N.A. - 0.10 0.10 - BSL Savings Fund N.A. - 0.15 0.15 -

    N.A. - 0.15 0.15 - N.A. - 0.15 0.15 - N.A. - 0.25 0.25 - N.A. - 0.25 0.25 -

    Debt 5C BSL Income Plus N.A. - 0.75 0.75 - BSL Gilt Plus - PF Plan

    1.25 - 1.25 1.50

    BSL Cash Plus BSL Floating Rate Fund - Short Term & Long Term Plan

    Debt 5A

    Debt 5B BSL Treasury Optimizer PlanBSL Constant Maturity 10Y Gilt Fund

    BSL Enhanced Arbitrage

    Other Equity N.A.

    BSL MIP II - Wealth 25 BSL Credit Opportunities Fund and BSL Long Term Accrual Fund BSL Low Duration Fund

    1.25 1.50

    Asset Allocation Funds BSL Balanced Advantage FundBSL Equity Savings Fund

    ELSS BSL Tax Relief 96 & BSL Tax Plan N.A.

    -

    Core Funds BSL Pure Value FundBSL Advantage Fund 1.25

    BSL Index Fund BSL Commodity Equities Fund - Global Agri Plan,

    BSL Cash Manager BSL Short Term Opportunities Fund

    BSL Medium Term Plan

    Total Brokerage (%) = Net Brokerage + Service tax

    0.50 N.A.

    Birla Sun Life Mutual Fund (BSLMF) or Birla Sun Life Asset Management Company Limited on behalf of (BSLMF) - Brokerage Structure Effective Period : 1-July-2017 till further notice of change

    Funds

    N.A. -

    BSL Asset Allocator Multi Manager FOF Scheme BSL Financial Planning FoF – Aggressive, Conservative & Prudent

    -

    BSL Dynamic Bond Fund

    0.50 FOFs

    BSL Corporate Bond Fund

    BSL Short Term Fund BSL G-Sec Fund - Long Term Plan

    Debt 4C

  • Load Structure *

    Claw back_ Upfront #

    Claw back_B15 Special Incentive #

    T15 Locations

    B15

    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 12 months of investment. The clawback clause can be changed /modified/discontinued/ withholding by the BSLMF at its sole discretion without any prior intimation or notification.

    Notes

    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

    Includes Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad (including Secunderabad), Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh . Any Investments from above mentioned Cities / Pin code categories will be eligible for brokerage payment as per T-15 brokerage structure. In addition to above mentioned Top 15 cities, the NRI investments will be considered as T- 15 investments for the purpose of brokerage payment

    Other than T-15 Locations mentioned above

    Terms and conditions

    This attached brokerage structure is applicable for the period 1st April, 2015 to 30th June 2015. 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.

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

    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 & education cess. Net Amount after deducting the statutory levies will be paid to the distributor. The service tax will be deducted from the brokerage payout at the time of payment. The brokerage strucure mentioned herein is solely payable to AMFI certified & KYD complied distributors. This brokerage structure is applicable only to distributors of 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. 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. 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 3