Commission Disclosure
What we earn when you invest through us, who pays it, and what it depends on.
| Fund house | Equity | Hybrid | Debt | Liquid | ||||
|---|---|---|---|---|---|---|---|---|
| AMC | Min | Max | Min | Max | Min | Max | Min | Max |
| SBI Mutual Fund | 0.85% | 1.30% | 0.65% | 1.05% | 0.30% | 0.70% | 0.05% | 0.12% |
| HDFC Mutual Fund | 0.80% | 1.25% | 0.60% | 1.00% | 0.28% | 0.65% | 0.05% | 0.14% |
| ICICI Prudential | 0.75% | 1.20% | 0.60% | 1.10% | 0.25% | 0.72% | 0.06% | 0.15% |
| Axis Mutual Fund | 0.90% | 1.35% | 0.70% | 1.15% | 0.32% | 0.68% | 0.05% | 0.12% |
| Kotak Mahindra | 0.78% | 1.22% | 0.58% | 1.02% | 0.26% | 0.66% | 0.05% | 0.13% |
| Nippon India | 0.82% | 1.28% | 0.62% | 1.08% | 0.30% | 0.74% | 0.06% | 0.16% |
| Mirae Asset | 0.88% | 1.32% | 0.66% | 1.06% | 0.24% | 0.60% | 0.05% | 0.11% |
| Canara Robeco | 0.86% | 1.26% | 0.64% | 1.04% | 0.27% | 0.63% | 0.05% | 0.12% |
| UTI Mutual Fund | 0.72% | 1.15% | 0.55% | 0.98% | 0.22% | 0.58% | 0.04% | 0.10% |
| DSP Mutual Fund | 0.84% | 1.29% | 0.63% | 1.07% | 0.29% | 0.69% | 0.05% | 0.14% |
| Franklin Templeton | 0.76% | 1.18% | 0.57% | 0.99% | 0.25% | 0.62% | 0.05% | 0.12% |
| Parag Parikh | 0.92% | 1.20% | 0.70% | 0.95% | 0.20% | 0.50% | 0.04% | 0.09% |
- Commissions shown are trail commissions on an annualised basis. There are no upfront brokerages.
- Rates are ranges because they vary by scheme within a category, and by the city tier an investment is sourced from.
- Figures are stated on the basis of communications received from each AMC and are revised whenever an AMC revises them.
- Commission is paid by the AMC out of the scheme expense ratio. It is not an additional charge levied on your investment.
How we are paid
K P VENKATARAMAKRISHNAN is an AMFI-registered mutual fund distributor (ARN 274361). We do not charge you an advisory fee, and we do not deduct anything from the amount you invest. We are paid a commission by the asset management company whose scheme you invest in.
That commission is paid out of the scheme’s expense ratio, a cost already built into the scheme you hold, and reflected in its NAV. It is not an additional charge levied on top of your investment.
Trail, not upfront
Commission is earned on a trail basis: a small annualised percentage of the value of your investment, for as long as you stay invested. There is no upfront brokerage, so nothing is earned simply by moving you into a scheme.
The practical consequence is worth stating plainly: we are paid more when your investment grows and stays invested, and paid nothing further if you redeem. Where our interest and yours could still diverge, we would rather you knew about it than trusted us not to notice.
What the rates depend on
- The scheme category. Equity schemes typically carry a higher trail than hybrid, debt or liquid schemes.
- The individual scheme within a category, which is why each figure is published as a range.
- The city an investment is sourced from. Rates for schemes sourced beyond the top thirty cities (B-30) can differ from those in the top thirty (T-30).
- The AMC’s own commission structure, which each fund house revises from time to time.
Choosing a scheme
Differences in commission between schemes are not a reason to recommend one over another, and are not how any recommendation here is arrived at. If you would prefer to invest without a distributor, every scheme mentioned on this site is also available as a direct plan, which carries a lower expense ratio and no commission.
Questions about this disclosure
Write to K P VENKATARAMAKRISHNAN at kpvenkat02@gmail.com and we will respond within 3 working days. You can also raise a complaint with AMFI at https://www.amfiindia.com or through SEBI SCORES at https://scores.sebi.gov.in.