Ut Commissions

8/11/2019 Ut Commissions

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Mutual Funds - Commission Structure

2014 onwards

This document includes details of commissions (up-front and trail) whichthe 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.

JP Morgan Asset Management Company Ltd.

ICICI Prudential Asset Management Company Ltd.


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Upfront# 1st year trail2nd year

onwardsUpfront

Special UF

Incentive#1st year trail

2nd Year

onwards

BSL '95,

BSL Frontline Equity &

BSL Dividend Yield Plus

1.00% 0.50% 0.50% 1.00% 1.00% 0.50% 0.50%

BSL Banking & Financial Services

Fund3.00% 3.00% 1.00%

BSL Long Term Advantage Fund &BSL Top 100

2.50% 2.50% 1.00%

Other Select Schemes* (Listed

Below)1.00% 0.50% 0.50% 1.00% 0.50% 0.50% 0.50%

Designated Equity Schemes B**

(Listed Below)NIL 0.75% 0.50% NIL NIL 0.75% 0.50%

BSL International Fund Plan A NIL 0.75% 0.50% NIL NIL 0.75% 0.50%

ELSS BSL Tax Relief '96 & BSL Tax Plan 3.50% 3.50% 0.50%

Index Fund BSL Index Fund NIL 0.20% 0.20% NIL NIL 0.20% 0.20%

Arbitrage FundBSL Enhanced Arbitrage Fund (wef

10th April)0.10%

0.5%(Trail from

3rd Month to

12th Month)

0.50% 0.10% NIL

0.5%(Trail from

3rd Month to

12th Month)

0.50%

Commodity

Funds BSL Commodities Equity Fund NIL 1.25% 0.50% NIL NIL 1.25% 0.50%

BSL MIP, BSL Monthly Income &

MIP II Wealth 251.25% Nil 0.50% 1.25% 0.75% Nil 0.50%

BSL MIP II - Savings 5 Plan 0.25% 0.50% 0.40% 0.25% NIL 0.50% 0.40%

BSL Asset Allocation Fund

Aggressive PlanNIL 0.75% 0.75% NIL NIL 0.75% 0.75%


Moderate planNIL 0.60% 0.60% NIL NIL 0.60% 0.60%


Conservative planNIL 0.50% 0.50% NIL NIL 0.50% 0.50%

BSL Gold Fund for 1 Cr. NIL 1.25% 0.50% NIL NIL 1.25% 0.50%

BSL Cash Plus NIL 0.05% 0.05% NIL NIL 0.05% 0.05%

BSL Floating Rate - Short Term NIL 0.05% 0.05% NIL NIL 0.05% 0.05%

BSL Cash Manager NIL 0.75% 0.75% NIL NIL 0.75% 0.75%

BSL Floating Rate - Long Term NIL 0.25% 0.25% NIL NIL 0.25% 0.25%

BSL Savings Fund NIL0.10% (1st &

2nd yr)

0.05% (3rd yr

onwards)NIL NIL

0.10% (1st &

2nd yr)

0.05% (3rd

yr

onwards)

BSL Treasury Optimizer Plan (wef

12 Mar '14)0.10% 0.10% NIL

BSL Short Term Fund NIL 0.10% 0.10% NIL NIL 0.10% 0.10%

BSL Dynamic Bond Fund ( 5 Cr.) 0.40%0.80% (from 7M

to 12M)0.75% 0.40% NIL

0.80% (from 7M

to 12M)0.75%

BSL Short Term Opportunities Fund 0.75% Nil 0.50% 0.75% NIL Nil 0.50%

BSL Medium Term Plan 1.75% d NIL

BSL Income Plus ( 10 Cr) 0.40%1.50% (from

7M to 12M)0.50% 0.40% NIL

1.50% (from

7M to 12M)0.50%

BSL Gilt Plus - Liquid Plan NIL 0.35% 0.20% NIL NIL 0.35% 0.20%

BSL Gilt Plus - PF Plan 0.25%1.00% (from

4M to 12M)0.50% 0.25% NIL

1.00% (from

4M to 12M)0.50%

BSL Gilt Plus - Regular Plan NIL 0.10% 0.10% NIL NIL 0.10% 0.10%

BSL G-Sec. Fund - Short Term Plan Nil 0.35% 0.20% Nil NIL 0.35% 0.20%

0.30% (from 4th month

onwards)

0.50% 3rd year onwards

Bond Fund

Gilt Funds

Ultra Short Term

Funds

Short Term

Funds

Accrual Funds

(HTM Concept)0.50% 3rd year onwards

0.30% (from 4th month

onwards)

Gold FOF

Debt Schemes

Liquid Fund

MIPs

Asset Allocation

Fund

Gold Fund

Equity

0.50% 4th yr onwards 0.50% 4th yr onwards

Hybrid Schemes

0.50% 3rd year onwards 0.50% 3rd year onwards

0.5% (Trail 19th monthonwards)

0.5% (Trail 19th monthonwards)

Category Scheme Name

T15 B15

BSL G-Sec. Fund - Long Term Plan 1.25% NIL 0.50% 1.25% NIL Nil 0.50%


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* List of Other

Select Schemes

**Designated

Equity Schemes

B

Claw back#

T15

B15

Notes:

Notes

For all schemes except BSL Income Plus - In case the investment is redeemed / switched out within the exit load period:

i) UF for T15 & B15 will be proportionately recovered / clawed back from the future Brokerage payments

ii) Special UF Incentive for B15 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

Other than T-15 cities viz. Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune,

Ahmedabad, Hyderabad(including Secunderabad), Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh

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 by the AMC as its sole discretion without

any prior intimation or notification. The AMC/Trustees shall not be rsponsible for any losses incurred by any one due to change in the

brokerage structure. All distributors should abide by the code of conduct and rules/regulations laid down by SEBI & AMFI. It is specifically

mentioned that distributors will neither pass nor tempt them with rebate gifts. The AMC will take disciplinary action against any

distrubutor who is found violating these regulations / code of conduct.

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 SIP's Investments, minimum application amount is Rs.1000 and for ELSS schemes it is Rs.500.

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.

BSL Equity Fund,

BSL MNC Fund,

BSL India GenNext Fund,

BSL Infrastructure Fund,

BSL Small & Midcap Fund,

BSL Midcap Fund Plan,

BSL New Millennium Fund,

BSL Special Situations Fund,

BSL International Eq. Fund Plan B,

BSL India Reforms Fund &

BSL Pure Value Fund

BSL Advantage Fund,

BSL Buy India Fund &

BSL India Opportunities Fund.


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This Distributor Remuneration Structure has 3 parts Structure A the Rack Rate(applicable for investments from all locations), StructB the Additional Rewards Structure (applicable for select funds, applicable for investments from all locations) and Structure C Additional Brokerage Structure(applicable for select funds, applicable for investments beyond the Top 15 Cities).

Legends:The symbols L - # in the structure above (# denotes a number from 1 through 3) stand for the legends that are outlined in the table below. Please refer tappropriate legend in the table for its description.

L 1 Trail commission applicable from beginning of the 4thyearfrom Date of Initial Investment

L 2 Trail Applicable from beginning of the 19thmonthfrom Date of Initial Investment

L 3 Trail Applicable from beginning of the 31st monthfrom the Date of Initial Investment

L 4 Trail Applicable from beginning of the 4thmonthfrom Date of Initial Investment

@Please refer to Note A Table 1 for the List of Top 15 Cities and applicable Pin Code Ranges for the appropriate Structures.

Structure A: Rack Rate Structure

Applicable for investments from Top 15 Cities and Beyond Top 15 Cities@

Fund Type, Fund Name, Plan &Minimum Investment Amount eligible for payment of Brokerage

UpfrontBrokerage

Trail (% p.a.)

1stYear 2ndYear 3rdYea

onward

A. Diversified & Sector Equity Funds

1) Franklin Asian Equity Fund (FAEF)

0.75% 0.50% 0.50% 0.50%

2) Franklin Build India Fund (FBIF)

3) Franklin India Bluechip Fund (FIBCF)

4) Franklin India Flexi Cap Fund (FIFCF)

5) Franklin India High Growth Companies Fund (FIHGCF)

6) Franklin India Opportunities Fund (FIOF)

7) Franklin India Prima Fund (FIPF)

8) Franklin India Prima Plus (FIPP)

9) Franklin India Smaller Companies Fund (FISCF)

10) Franklin Infotech Fund (FIF)

11) Templeton India Equity Income Fund (TIEIF)12) Templeton India Growth Fund (TIGF)

B. Index Funds

1) Franklin India Index Fund (FIIF) NSE Nifty Plan & BSE Sensex Plan Nil 0.40% 0.40% 0.40%

C. Section 80C Funds

1) Franklin India Taxshield (FIT) 4.25% Nil Nil 0.75% (L-1

2) Templeton India Pension Plan (TIPP) 1.50% 0.75% 0.75% 0.75%

D. Balanced / Hybrid Funds

1) FT India Balanced Fund (FTIBF) 0.75% 0.50% 0.50% 0.50%

2) Templeton India Children's Asset Plan (TICAP) Education Plan & Gift Plan 0.50% 0.50% 0.50% 0.50%

E. Income / Gilt Funds (Long Term)

1) Templeton India Income Builder Account (TIIBA) Plan A 1.00% Nil 0.50% 0.50%

2) Templeton India Income Fund (TIIF) Nil 0.60% 0.60% 0.60%

3) FT India Monthly Income Plan (FTIMIP) Plan A & B 1.25% Nil 0.50% 0.50%

4) Templeton India Income Opportunities Fund (TIIOF) 0.75% 0.00% 0.70% (L-2) 0.70%

5) Templeton India Corporate Bond Opportunities Fund (TICBOF) 1.50% Nil Nil 0.70% (L-36) Templeton India Government Securities Fund (TGSF) Composite / PF / LT Plan 1.00% Nil 0.50% 0.50%

7) Templeton India Short Term Income Plan (TISTIP) Retail Plan 0.50% Nil 0.70% 0.70%

F. Short Term Funds

1) Templeton India Government Securities Fund (TGSF) Treasury Plan Nil 0.35% 0.30% 0.30%

2) Franklin India Savings Plus Fund (FISPF) 0.15% ^ 0.40% (L-4) 0.40% 0.40%

3) Templeton India Low Duration Fund (TILDF) Nil 0.20% 0.20% 0.20%

4) Templeton India Ultra-short Bond Fund (TIUBF) Super Institutional Plan Nil 0.05% 0.05% 0.05%

G. Liquid Funds

1) Templeton India Treasury Management Account (TITMA) Super Institutional Plan Nil 0.05% 0.05% 0.05%

H. Fund of Funds

1) (a) FT Life Stage Fund of Funds (FTLF) 20s Plan 0.50% 0.375% 0.375% 0.375%

1) (b) FT Life Stage Fund of Funds (FTLF) 30s Plan 0.40% 0.375% 0.375% 0.375%

1) (c) FT Life Stage Fund of Funds (FTLF) 40s Plan 0.30% 0.25% 0.25% 0.250%

1) (d) FT Life Stage Fund of Funds (FTLF) 50s Plan 1.25% Nil 0.125% 0.125%

1) (e) FT Life Stage Fund of Funds (FTLF) 50s Plus Floating Rate Plan 1.25% Nil 0.25% 0.25%2) FT Dynamic PE Ratio Fund of Funds (FTDPEF) 0.75% 0.50% 0.50% 0.50%

I. International Feeder Funds FTIF

1) Franklin US Opportunities Fund (FUSOF) 0.75% Nil 0.50% 0.50%

RECOVERY OF UPFRONT BROKERAGE PAID THROUGH THE STRUCTURE A:

The upfront brokerage paid through this structure will be recovered on a Pro-Rata basis as outlined in Notes B (2) (b) and (3) on Page 3 of

this document in case the investment is redeemed / switched out to another scheme / switched out to the Direct Plan before the end of theExit Load period by the Investor or One year from the date of investment, whichever is later.


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@Please refer to Note A Table 1 for the List of Top 15 Cities and applicable Pin Code Ranges for the appropriate Structures.

Structure B: Additional Rewards Structure

Applicable for investments from Top 15 Cities and Beyond Top 15 Cities@

Fund Type, Fund Name & Plan Additional

Upfront Brokerage


1) Franklin India Bluechip Fund (FIBCF) 0.75%


1.00%3) Franklin India Prima Fund (FIPF)



0.50%

6) Franklin Build India Fund (FBIF)7) Franklin India Flexi Cap Fund (FIFCF)


9) Franklin India Prima Plus (FIPP)


11) Templeton India Equity Income Fund (TIEIF)

12) Templeton India Growth Fund (TIGF)

B. Section 80C Funds

1) Templeton India Pension Plan (TIPP) 0.50%

C. Income / Gilt Funds (Long Term)

1) Templeton India Income Builder Account (TIIBA) Plan A 0.25%

2) FT India Monthly Income Plan (FTIMIP) Plan A & B 0.75%

3) Templeton India Income Opportunities Fund (TIIOF) 0.75%

4) Templeton India Corporate Bond Opportunities Fund (TICBOF) 0.75%

5) Templeton India Government Securities Fund (TGSF) Composite / PF / Long-Term Plans 0.50%

6) Templeton India Short Term Income Plan (TISTIP) Retail Plan 0.50%D. Short Term Funds

1) Templeton India Low Duration Fund (TILDF) 0.10% ^

E. Fund of Funds

1) FT Dynamic PE Ratio Fund of Funds (FTDPEF) 1.00%

F. International Feeder Funds FTIF

1) Franklin US Opportunities Fund (FUSOF) 1.65%

RECOVERY OF UPFRONT BROKERAGE PAID THROUGH THE STRUCTURE B:

The upfront brokerage paid through this structure will be recovered on a Pro-Rata basis as outlined in Notes B (2) (b) and (3) on Page 3 of

this document in case the investment is redeemed / switched out to another scheme / switched out to the Direct Plan before the end of theExit Load period by the Investor or One year from the date of investment, whichever is later.

^ The Upfront Brokerage being paid for TILDF will be recovered only if the redemption / switch is made before the end of the Exit Load perio

by the Investor.

Structure C: Additional Brokerage Structure for Beyond 15 Cities

Applicable for investments from Beyond Top 15 Cities@

; Not Applicable for NRI / other eligible Foreign Investors

Fund Type, Fund Name & Plan Additional

Upfront Brokerage



1.75%

2) Franklin Build India Fund (FBIF)

3) Franklin India Bluechip Fund (FIBCF)

4) Franklin India Flexi Cap Fund (FIFCF)



7) Franklin India Prima Fund (FIPF)8) Franklin India Prima Plus (FIPP)



11) Templeton India Equity Income Fund (TIEIF)

12) Templeton India Growth Fund (TIGF)

B. Section 80C Funds

1) Franklin India Taxshield (FIT) 1.50%

2) Templeton India Pension Plan (TIPP) 0.75%

C. Balanced / Hybrid Funds

1) FT India Balanced Fund (FTIBF) 1.75%

2) Templeton India Children's Asset Plan (TICAP) Education Plan & Gift Plan 1.50%

D. Income / Gilt Funds (Long Term)

1) Templeton India Income Builder Account (TIIBA) Plan A 0.65%

2) Templeton India Income Opportunities Fund (TIIOF) 0.70%

3) Templeton India Corporate Bond Opportunities Fund (TICBOF) 0.75%4) Templeton India Government Securities Fund (TGSF) Composite / PF / LT Plan 0.70%

5) Templeton India Short Term Income Plan (TISTIP) Retail Plan 0.20%


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Notes:

A. The Table below references the List of the Top 15 cities for which the Structure A and B outlined on Page 1 and 2 respectively of tdocument will be applicable. In addition to investments from investors in these cities, all Non-Resident Indian (NRI) and other eligi

Foreign Investor Investments will also be included for the Structures A and B.

FT SalesRegion

FT Sales Cluster City (part of Top 15 Cities) Investor Address Pin Cod e Ranges Applic able for Top 15 Cities

North New Delhi & Rajasthan Jaipur 3020xx; 3030xx - 3033xx; 3035xx - 3039xx; 3216xx; 3222xx; 3636xx

North New Delh i & Rajasthan New Delhi ( includes NCR Region) 1100xx; 1210xx -1211xx; 1220xx -1221xx; 1224xx 1225xx; 1230xx - 1231xx;1233xx - 1235xx; 2010xx - 2013xx; 2032xx; 2451xx - 2453xx

North Punjab Chandigarh 1600xx - 1601xx

North Uttar Pradesh Kanpur 2080xx; 2091xx - 2095xx; 2097xx - 2098xx; 2295xx; 2298xx; 2415xx

North Uttar Pradesh Lucknow 2260xx

2261xx; 2270xx - 2273xxSouth Andhra Pradesh Hyderabad (includes Secunderabad) 5000xx; 5011xx - 5015xx

South Karnataka & Kerala Bangalore 5600xx - 5601xx

South Tamil Nadu Chennai 6000xx - 6001xx

West & East East Kolkata 7000xx - 7001xx

West & East Gujarat & M.P. Ahmedabad 3800xx; 3820xx - 3824xx; 3826xx 3828xx; 3878xx

West & East Gujarat & M.P. Surat 3941xx - 3947xx; 3950xx

West & East Gujarat & M.P. Vadodara 3900xx; 3911xx - 3915xx; 3917xx 3918xx; 3923xx

West & East Maharashtra ex-Mumbai Panjim (Goa) 4030xx - 4038xx

West & East Maharashtra ex-Mumbai Pune 4103xx - 4105xx; 4110xx; 4121xx-4124xx; 4131xx 4132xx; 4138xx

West & East Mumbai Mumbai (includes Thane and NaviMumbai)

4000xx - 4002xx; 4006xx - 4007xx; 4011xx - 4017xx; 4101xx - 4102xx; 4210xx -4216xx

Table 1:List of Top 15 Cities and their applicable Pin Codes

The above Table outlines the List of Top 15 cities released by AMFI as per the criteria outlined in the SEBI circular no. CIR/IMD/DF/21/2012 dated Septem13, 2012.

The Brokerage Structure A and Boutlined on Pages 1 and 2 will be applicable for all investments sourced from Investors residing in these cities, whichunder the Pin Code Ranges outlined in the Table 1. In addition, these structures will also be applicable to all Investments made by the Non-Resident India(NRIs) and other eligible Foreign Investors.

The Brokerage Structure Coutlined on Page 2 will be additionally applicable for all investments sourced from Investors residing in all locations not coveunder the Pin Code Ranges outlined in Table 1 and will not beapplicable to investments made by NRIs and other eligible Foreign Investors.

E.g. in the Table above, Jaipur City references the Pin Code Ranges of 3020xx; 3030xx 3031xx; 3033xx; 3035xx 3039xx. This means that any Pin Cothat fall under these ranges, viz. 302001 to 302099; 303001 to 303199; 303301 to 303309; 303501 303999 will be included for payment of Brokerage as p

Brokerage Structures A (Page 1) and B (Page 2) . All other Pin Codes outside the ranges outlined in the Table 1 will be eligible for BrokeraStructures A (Page 1), B (Page 2) and C (Page 2).

B. General:1. The Upfront Brokerage outlined in the table above is applicable for the period April 1 to June 30, 2014. However, Franklin Templeton As

Management (I) Pvt. Ltd. reserves the right to change the Brokerage Rates applicable Upfront / Trail in the intermittent period in caseRegulatory Changes / Change in Industry practices in respect to payment of Brokerage on Funds.

2. Recovery of Upfront Brokerage Paid: The recovery of Upfront Brokerage paid to the Distributor will be made in the following circumstances:a. The Upfront Brokerage paid to a Distributor will be recovered from the Distributor, if the money for which such upfront brokerage was paid is redeem

switched out to any other scheme or the Direct Plans before the completion of the Exit Load period / One Year from the date of Investment applicable). The basis for the same will be as outlined in points (b) and (d) below.

b. For Structures A and B outlined on Pages 1 and 2 of this document respectively, the Recovery will be made on a pro-rata basis, dependupon the number of days for which the investment has stayed invested in the fund before being redeemed / switched out to any other scheme or Direct Plan before the completion of the Exit Load period OR One Year from the date of investment, whichever is later. The exception for this wil

TILDF, where the recovery will be made in case the redemption / switches are made before the completion of the Exit Load period only.i. No. of days will be considered for the computation of the recoveries wherever the Exit Loads are mentioned in months 1 month will be conside

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.

ii. For redemptions before the Exit Load period, the recovery of the brokerage will be equal to Upfront Brokerage paid x (No. of days for the ELoad period No. of days the monies have stayed in the funds) / (No. of days for the Exit Load period) .

c. The following example explains the same:

i. An upfront brokerage 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 distribwould be paid a sum of Rs. 750/- as the upfront brokerage

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. For Structure C outlined on Page 2 of this document (Additional Brokerage Structure applicable for investments Beyond Top 15 Citie

full Recoveryof the additional brokerage paid will be done in case the Investor redeems / switches out to any other Scheme or the Direct Plan amount before the completion of ONE YEAR from the date of investment, irrespective of the Exit Load period applicable to the Fund.

e. 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 been made in the month of February 13, the recovery will be made from the Brokerage payable for the month of February 13 in March 13.

f. In case the Brokerage payable to the Distributor is insufficient to cover the Recovery amount, the Recovery will be tried for three consecutive mon

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 PA.D. will be sent to the Distributor asking him to refund the money to the AMC. In case the Distr ibutor does not pay the money within 1 month from date of the receipt of the notice, the AMC will approach AMFI for the resolution of the same.

3. Brokerage payable on Switchesa. Equity to Equity switches: The upfront brokerage on switches from an Equity to Equity scheme (covered in the section Equity Funds in the brokera

structure above) will be paid in the following manner:

i. Upfront brokerage will be paid on switches done from one Equity Fund to another Equity Fund only on completion of three yefrom the date of initial investment.This clause will be applicable to all original investments made prior to May 1, 2010 or on and after Decem1, 2010 that get switched to another Equity Fund after completion of the three year period.

ii. For all Equity investments made between May 1, 2010 and November 30, 2010, the full brokerage applicable as on the date of the switch will be for the fund in which the investment is being switched-in in case the Exit Load period has been completed for the fund from where the Switch-outaking place.

b. For all other Switches outside Clause 3 (a) above, there will be a Recovery Provision of the Upfront Brokerage as follows:


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6. The above brokerage structure and the payout thereof are applicable only till the time the Distributor is empanelled with Franklin Templeton As

Management (I) Pvt. Ltd.

C. Statutory / AMFI Driven Regulations

1) The commission structure communicated by the AMC from time to time is all inclusive i.e. inclusive of any cess, charges, taxes, etc. that may be applicablthe Distributor and eligible for all the statutory deductions, including Income Tax, Service Tax, etc.

2) Investments in Franklin India Taxshield and Templeton India Pension Plan are currently eligible for deduction under Section 80C of the Income Tax Act, 19

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 broker

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

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

commission on such assets. Further, the payments of Trail Commission on Assets that are transferred from another Distributor to your ARN Code shalsubject to us receiving a Clearance Certificate from the previous Distributor. Please contact your Franklin Templeton Relationship Manager for further deta

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 CodConduct 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 a(ii) 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) the upfront commission will be paid by the investor directly toDistributor / Advisor based on his assessment of various factors including the service rendered by the Distributor / Advisor. Further, the Distributor / Advisorequired to disclose to customers all the commissions (in the form of trail commission or any other mode) received by him for different competing schemes

various mutual funds from amongst which the Scheme of Franklin Templeton Mutual Fund (FTMF) is being recommended to them.8) In terms of SEBI / AMFI circulars / guidelines, the Channel Partners shall submit to FTMF all account opening and transaction documentation including K

Your Client, Power of Attorney (PoA), Account Opening Form, etc. in respect of investors / transactions through Channel Partners. Further, the paymencommission shall be made depending on the documentation completion status.

9) SEBI has communicated to all mutual funds / AMCs that any sales, marketing, promotional or other literature / material about the fund house prodprepared by its distributors need to adhere and comply with the guidelines issued by SEBI with respect to the advertisement by Mutual Funds. It has furtadvised the AMCs to take suitable steps for put in place a mechanism for proactive oversight in this regard. As a distributor of the schemes of FTMF you m

be issuing sales, marketing, promotional or any other literatures / material (such as leaflets, posters, banners, e-mailers etc.) to your clients, as a means

communicating the features or performance of our offerings / AMC. In view of the aforesaid communication from SEBI, you are advised to ensure that asuch literature / material prepared or issued by you complies with the said SEBI guidelines. In this regard, as required by SEBI, Franklin Templeton m

specify certain guidelines / process as means of proactive oversight on the literature / material issued by the distributors which may include pre-clearancesuch literature / material or periodical / random review of all or any specific literature / material issued or proposed to be issued by you. In the interim, yarefurther advised to obtain a prior clearance from Franklin Templeton on any such sales, marketing, promotional or other literature / material proposed toissued by you.

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 schemes of FTMF and that the liability of Distributor / Advisor shall not be limited and depend upon his failure to discharge his obligations.

11) AMFI has videcircular dated August 27, 2010 introduced Know Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 20which is similar to Know Your Client (KYC) norms for investors, requiring the distributors to submit identity proof, address, PAN and bank account details wproof. KYD norms are applicable for fresh ARN registrations and ARN renewals effective September 1, 2010. The existing ARN holders are required to com

with these norms by March 31, 2011, failing which AMCs have been mandated to suspend payment of commission till the distributors comply with requirements. All the Distributors / Advisors are encouraged to complete the KYD requirements at the earliest. The KYD Forms and Process Note are availa

on AMFI websiteand our website

* The Trail outlined as First Year will be paid from the date of allotment of the units till the end of 1styear from the date of allotment, provided the Ass


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Statement of Commissions Payable to Distributors

me of AMC: HDFC Asset Management Company Limited

me of Mutual Fund: HDFC Mutual Fund

16 Cities:

lidity Period: April - June '14

tegory Scheme Name Plan/Option Exit Load Period

Upfront

Commission (%)

@ $

Addi tio nal

Lumpsum

Incentive for T-15

!!

ona

Upfront

Commission

for B15 Cities

(%) # $

Trail

Commission

for Year 1 (%)

APM

Trail Commission

for Year 2 onwards

(%) APM $ Remark

EquityHDFC Equity Fund, HDFC Top 200 Fund, HDFC Core &

Satellite Fund, HDFC Premier Multi Cap Fund, HDFC Growth

Fund, HDFC Mid Cap Opportunities Fund, HDFC Focused

Large Cap Fund

Growth & Dividend 1 Year 0.50 0.25 1.50 0.75 0.75

HDFC Capital Builder Fund Growth & Dividend 1 Year 0.50 0.50 1.50 0.75 0.75

HDFC Infrastructure Fund Growth & Dividend 1 Year 0.50 0.50 1.50 0.75 0.75

HDFC Balanced Fund Growth & Dividend 1 Year 0.50 0.50 1.50 0.75 0.75

Balanced HDFC Childrens Gift Fund - Investment Plan (Equity) Growth 3 Years 2.25 0.50 1.50 Nil

HDFC Childrens Gift Fund - Investment Plan (Equity) Growth Lock-in * 2.50 0.50 1.50** Nil

HDFC Childrens Gift Fund - Savings Plan (Debt) Growth 3 Years 2.25 0.50 1.50 Nil

HDFC Childrens Gift Fund - Savings Plan (Debt) Growth Lock-in * 2.50 0.50 1.50** Nil

HDFC Prudence Fund Growth & Dividend 1 Year 0.50 0.25 1.50 0.75 0.75

HDFC Long Term Advantage Fund Growth & Dividen d 3 Years (Loc k In) 3.75 1.50 Nil NilTrail - 0.40% y

Onwards

HDFC Tax Saver Fund Growth & Dividen d 3 Years (Loc k In) 3.75 1.50 Nil NilTrail - 0.40% y

Onwards

HDFC Index Fund - Nifty Plan Growth 3 Months Nil Nil 0.15 0.15 Nil

HDFC Index Fund - Sensex Plan Growth 1 Month Nil Nil 0.15 0.15 Nil

HDFC Index Fund - Sensex Plus Plan Growth 1 Month Nil Nil 0.75 0.20 Nil

Arbi trage HDFC Arbitrage FundWholesale- Growth &

Dividend 3 Months Nil Nil 0.20 0.20 Nil

HDFC Arbitrage FundRetail - Growth &

Dividend3 Months 0.10 Nil 0.35 0.35 Nil

DebtHDFC MF Monthly Income Plan - Short Term Plan Growth & Dividend 1 Year 1.15 1.50 Nil 0.50 Nil

HDFC MF Monthly Income Plan - Long Term Plan Growth & Dividend 1 Year 0.75 1.50 0.40 0.50 Nil

HDFC Multiple Yield Fund Growth & Dividend 1 Year 1.00 Nil Nil 0.75Trail - 0.50%

4 Onward

HDFC Multiple Yield Fund - Plan 2005 Growth & Dividend 15 Months 1.00 Nil Nil 0.75Trail - 0.50%

4 Onward

HDFC Income Fund Growth & Dividend 6 Months 0.50 0.50 0.50 0.40 Nil

HDFC High Interest Fund -Dynamic Plan Growth & Dividend 3 Months 0.00 Nil 0.75 0.40 Nil

HDFC Short Term Plan Growth & Dividend 12 Months 1.00 Nil Nil 0.30 Nil

HDFC High Interest Fund - STP Growth & Dividend 1 Month Nil Nil 0.30 0.20 Nil

HDFC Short Term Opportunities Fund Growth & Dividend 3 Months Nil Nil 0.10 0.10 Nil

HDFC Medium Term Opportunities Fund Growth & Dividend 1 Year Nil Nil 0.05 0.05 Nil

HDFC Floating Rate Income Fund - Long Term Plan Growth & Dividend 3 Months Nil Nil 0.05 0.05 Nil

Equity

Other than Mumbai (incl uding Thane & Navi Mumbai), Delhi (includi ng NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad,Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh

ELSS

Index

Hybrid - Debt Oriented

Income

Short Term Funds

Please refer Note 1

HDFC Corporate Debt Opportunities Fund Growth & Dividend 18 Months 1.50 1.00 Nil0.75 from 19 Month

onwardsNil

HDFC Gilt Fund - Short Term Plan Growth & Dividend Nil Nil Nil 0.40 0.25 Nil

HDFC Gilt Fund - Long Term Pl an Growth & Dividend Nil Nil Nil 0.50 0.30 Nil

HDFC Liquid Fund Growth & Dividend Nil Nil Nil 0.05 0.05 Nil

HDFC Cash Management Fund - Call Plan Growth & Dividend Nil Nil Nil 0.05 0.05 Nil

HDFC Cash Management Fund - Savings Plan Growth & Dividend Nil Nil Nil 0.05 0.05 Nil

HDFC Floating Rate Income Fund - Short Term PlanWholesale - Growth &

DividendNil Nil Nil 0.05 0.05 Nil

HDFC Cash Management Fund - Treasury Advantage PlanRetail - Growth &

DividendNil Nil Nil 0.75 0.30 Nil

HDFC PSU & Banking Debt Fund Growth & Dividend 1 Month Nil Nil 0.05 0.05 Nil

GoldFOF HDFC Gold Fund Growth 1 Year 0.75 Nil Nil 0.40

efer KIM for minimum application amount

Gilt

Ultra Short Term

Liquid


9/16

brokerage on SIP/ STP, refer annexure "A" & "B"

M - Annualised Payable Monthly $ Subject t o revisi on on pro spectiv e basis

te 1Age of Asset Trail Fee Year 4 onwardsre than 10 years 1.00%

ove 5 years upto 10 years 0.75%

ove 3 years upto 5 years 0.60%

n case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e.for the remaining period of exit load period) of upfront (including addtional upfront/ incentive,if any) paid shall be recovered/clawed back/ set off from the future brokerage payments, at AMCs s

cretion.(Except HDFC Childrens Gift Fund - clawback applicable if investment redeemed wit hin 36 months)

case the investment is redeemed within the exit load period,as applicable,t he upfront (including addtional upfront/ incentive,if any) paid shall be recovered/clawed back/ set off fully from the future brokerage payments, at AMCs sole discretion. (Except HDFC Childrens Gift Fund/HDFC Corp

nd Opportunities Fund/HDFC Income Fund - clawback applicable if investment redeemed within 12 months)

ccordance 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 t rail commission or any other mode) payable to them for the different competing schemes of various mutual funds fr om

ongst which the scheme is being recommended to the investor. Distributors are advised to ensure compliance of the same.

dditional marketing incentive will be paid in the succeeding month. The aforesaid payout is in addition to existing upfront/ trail/ other incentive as applicable (refer brokerage structure for April June 14f or details). The incentive is not applicable on switches from equity schemes (except HDFC

ex/ Arbitrage Fund).

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/incentive if any) paid shall be recovered/clawed back/set off fully/proportionately from f uture brokerag

ments


10/16

Type of Brokerage Upfront Brokerage Addl Upfront

Location T15 & B15 B15 Year 1 Year 2 Year 3 Year 4 Year 5 & Onw

Transaction Limit (Rs) All Amounts All Amounts All Amounts All Amounts All Amounts All Amounts All Amoun

hemes:

SPBR Equity Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR Top 100 Equity Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR Opportunities Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR India TIGER Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR Small & Midcap Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR Technology.com Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR NRNE Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR Focus 25 Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR Micro Cap Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR World Gold Fund 0.75% Nil 0.60% 0.60% 0.60% 0.60% 0.60%

SPBR World Energy Fund 0.75% Nil 0.60% 0.60% 0.60% 0.60% 0.60%

SPBR World Mining Fund 0.75% Nil 0.60% 0.60% 0.60% 0.60% 0.60%

SPBR World Agriculture Fund 0.75% Nil 0.60% 0.60% 0.60% 0.60% 0.60%

SPBR US Flexible Equity Fund 0.75% Nil 0.60% 0.60% 0.60% 0.60% 0.60%

SPBR MIP Fund 1.75% 1.25% 0.00% 0.75% 0.75% 0.75% 0.75%

SPBR Balanced Fund 1.50% 1.75% 0.25% 0.60% 0.60% 0.60% 0.60%

SPBR Tax Saver Fund 5.00% 1.25% 0.00% 0.00% 0.00% 0.60% 0.60%


Location T15 & B15 B15 Year 1 Year 2 Year 3 Year 4 & Onw

Transaction Limit (Rs) All Amounts All Amounts All Amounts All Amounts All Amounts All Amoun

hemes:

SPBR Dynamic Asset Allocation Fund 1 Year 1.25% 1.25% 0.50% 0.75% 0.75% 0.75%

Trail Brokerage for: T15 & B 15

Trail Brokerage for T15 & B 15

Clawback


11/16

Location T15 & B15 B15 Year 1 Year 2 Year 3 Year 4 Year 5 & Onw

Transaction Limit (Rs) All Amounts All Amounts All Amounts All Amounts All Amounts All Amounts All Amoun

hemes:

SPBR Bond Fund 2.00% 0.75% Nil 0.75% 0.75% 0.75% 0.75%

SPBR Income Opportunities Fund 1.40% 0.75% Nil 0.50% 0.50% 0.50% 0.50%

SPBR Liquidity Fund Nil Nil 0.05% 0.05% 0.05% 0.05% 0.05%SPBR Treasury Bill Fund Nil Nil 0.25% 0.25% 0.25% 0.25% 0.25%

SPBR Money Manager Fund Nil Nil 0.70% 0.60% 0.60% 0.60% 0.60%

Type of Brokerage Upfront Brokerage Addl Upfront Trail Brokerage for T15 & B 15

Location T15 & B15 B15 Year 2 Year 3 Year 4 & Onw

Transaction Limit (Rs) All Amounts All Amounts All Amounts All Amounts All Amoun

hemes:

SPBR Government Securities Fund 0.50% Nil Nil 0.40% 0.60% 0.60% 0.60%

SPBR Stratergic Bond Fund 0.40% Nil Nil 0.20% 0.50% 0.50% 0.50%

SPBR Short Term Fund 0.70% Nil Nil Nil 0.50% 0.50% 0.50%


Location T15 & B15 B15 Year 2 Year 3 Year 4 & Onw

Transaction Limit (Rs) All Amounts All Amounts All Amounts All Amounts All Amoun

hemes:

SPBR Banking and PSU Debt Fund 0.10% Nil Nil 0.50% 0.50% 0.50% 0.50%

Yr 1

(0-1 months )

Yr 1

(2-12 months )

Trail Brokerage for T15 & B 15

Yr 1

(0-6 months )

Yr 1

(7-12 months )

Type of Brokerage Upfront Brokerage Addl Upfront Trail Brokerage for T15 & B 15


12/16

Schemes

HSBC Equity Fund 1.06%

HSBC India Opportunities Fund 1.12%

HSBC Midcap Equity Fund 1.17%

HSBC Progressive Themes Fund 1.16%

HSBC Unique Opportunities Fund 1.17%

HSBC Tax Saver Fund 1.12%

HSBC Dynamic Fund 1.17%

HSBC Small Cap Fund 1.17%

HSBC Emerging Market Fund 0.80%

HSBC APAC (Ex. Japan) High Dividend Yield Fund 0.70%

HSBC Brazil Fund 0.80%

HSBC Income Fund Investment Plan 0.86%

HSBC Gilt Fund 0.43%

HSBC MIP Regular 1.04%

HSBC MIP Savings 1.0%

HSBC Flexi Debt Fund 0.73%

HSBC Managed Solution Growth 0.86%

HSBC Managed Solutions Moderate 0.83%

HSBC Managed Solution Conservative 0.60%

HSBC Income Fund Short Term Plan 0.56%

HSBC Ultra Short Term Bond Fund 0.43%

HSBC Cash Fund 0.03%

HSBC Floating Rate Fund Long Term Plan 0.31%

HSBC Asset Management Company Ltd.

HSBC FTS-91 (Rollover) 0.20%


13/16

Annexure A

Applicable Brokerage Structure for Lumpsum PurchasesApril 1, 2014 to June 30, 2014

A. EQUITY SCHEMES

Scheme Name Application

Size

Upfront

Fees**

Trail *

JPMorgan India Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan India Smaller Companies Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan India Tax Advantage Fund NA 5.00% 0.50% (4th

Year onwards)

JPMorgan Greater China Equity Off-shore Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan Emerging Europe, Middle East and Africa Equity Offshore

Fund

NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan ASEAN Equity Off-shore Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2ndYear onwards)

JPMorgan US Value Equity Off-shore Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan Europe Dynamic Offshore Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

* Trail Payout is applicable from the time of Investment and is on an annualized basis (p.a.)

* Trail Payout is Payable on a monthly basis

B. FIXED INCOME SCHEMES


Size

Upfront

Fees**

Trail *

JP Morgan India Liquid Fund - Super Institutional Plan NA Nil 0.10%

JP Morgan India Treasury Fund - Super Institutional Plan NA Nil 0.15%

JP Morgan India Active Bond Fund NA 1.20% 1.00%

JP Morgan India Short Term Income Fund 5 Crs &

below

0.50% 0.75%

Above 5 Crs 0.15% 0.75%

JPMorgan India Banking & PSU Debt Fund NA 0.90% Nil



* Trail Payout in JP Morgan India Short Term Income Fund is from 7th

Month Onwards

* Trail Payout in JP Morgan India Active Bond Fund is from 13th

Month Onwards

**Clawback will be applicable on all upfront fees paid.

This clawback would be on a pro-rata basis depending on redemption of investments prior to the exit load period.


14/16

Annexure B: Applicable Brokerage Structure for SIP/STP Purchases

EQUITY SCHEMES


Size

Upfront

Fees**

Trail *

JPMorgan India Equity Fund NA 1.75% 0.50% (1stYear Trail)

0.75% (2nd

Year onwards)

JPMorgan India Smaller Companies Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan India Tax Advantage Fund NA 5.00% 0.50% (4th

Year onwards)

JPMorgan Greater China Equity Off-shore Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan Emerging Europe, Middle East and Africa Equity Offshore

Fund

NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan ASEAN Equity Off-shore Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan US Value Equity Off-shore Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)

JPMorgan Europe Dynamic Offshore Equity Fund NA 1.75% 0.50% (1st

Year Trail)

0.75% (2nd

Year onwards)



Additional per Application Incentive is Applicable on all Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP

Mobilizations as follows;

Application Amount Tenure of SIP Per App Incentive

Rs. 1,000 - Rs. 10,000

12

Application Amount * Tenure of SIP/STP*0.50%24

36

1. Payment of Incentive would be made on Fresh SIP/STP Registrations and based on the Tenure of the SIP/STP mentioned therein

2. Payment of Incentive will be made on a quarterly basis at the end of every calendar quarter.

3. Clawback on Additional SIP/STP Incentive will be applicable up to the committed tenure of the SIP/STP on a pro rata basis

4. For SIP/STP application greater than Rs. 10,000, incentives would be calculated on Application Amount of Rs 10,000 only.

a. For E.g. If SIP/S TP application Amount is Rs 11,000 & ab ove then the Incentive Calculated would be as follo ws viz.

10,000 * Tenure of SIP/STP* 0.50%

5. For SIP/STP application greater than 3 Years incentives will be calculated as follows:

a. If SIP/ STP ap plication t enure is for 5 Y ears, th en th e Incenti ve calculated would be a s follows viz.

(Application Amount Up to Rs 10,000) * 36 *0.50%

b. After 3 years incentive of 0.50% will be paid on application amount on monthly basis on each SIP/STP installment.

** Applicable Schemes for Systematic Transfer Plan (STP)From Schemes (Transferor Schemes) To Schemes (Transferee Schemes)

JPMorgan India Liquid Fund JPMorgan India Equity Fund

JPMorgan India Treasury Fund JPMorgan India Smaller Companies Fund

JPMorgan India Tax Advantage Fund

JPMorgan Greater China Equity Off-shore Fund

JPMorgan ASEAN Equity Off-shore Fund

JPMorgan EMEA Equity Off-shore Fund

JPMorgan US Value Equity Off-shore Fund

JPMorgan Europe Dynamic Offshore Equity Fund


15/16

0

0


16/16

These details have been collated on the basis of information provided by the various Asset Management

Companies (AMC) and are subject to change from time to time, without prior consent or intimation. The

commission payable by the AMC to The Hongkong and Shanghai Banking Corporation Limited, India (the Bank)

is at the sole discretion and as per the terms of the agreement between the Bank and the respective AMC.

The commission details will be regularly updated on this website (www.hsbc.co.in) and customers are advised to

check the same before making any investment. Neither the Bank nor its affiliates/subsidiaries or Group companies

will be responsible for intimating customers of any change in this Schedule of Commission other than by way of

posting the information on this website. The customers can contact their relationship manager or walk into the

nearest branch of the Bank, for the updated commission structures or any other queries.

Mutual Funds are subject to market risk. Please read the Statement of Additional Information (SAI)/Key

Information Memorandum (KIM)/Scheme Information Document (SID) and addendums along with terms and

conditions relating to Wealth Management Services carefully before investing through the Bank.

The Bank may not distribute all the funds of the aforesaid AMCs. For further details on the funds distributed by

the Bank, please refer to Product Risk Rating document on the Bank's website (www.hsbc.co.in).

The Bank may also get reimbursements from AMCs towards promotion and marketing related activities conducted

by the Bank on behalf of AMCs. These reimbursements are event based and the same may or may not be received

from AMCs in a particular period. Further, reimbursement amounts cannot be attributed to any specific scheme

offered by such AMC.

Issued by The Hongkong and Shanghai Banking Corporation Limited India (HSBC) Incorporated in Hong Kong SAR with limited liability

Disclaimer:

Documents

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