The amount of transaction charges depends on the amount of investment, type of investor (existing / new) and whether the distributor, if any, has opted for receiving transaction charges.
a) If you are an existing investor in any Mutual Fund, you will be charged
100 as transaction charge per purchase transaction / SIP registration of 10,000 or above. No transaction charge is applied on purchase transactions below 10,000 and on switches / redemptions / STP registrations.
b) If you are a new investor in Mutual Funds, you will be charged150 as transaction charge per purchase transaction / SIP registration of 10,000 and above.
c) In case of SIP registrations, the transaction charge shall be applicable only if the total commitment amount through SIP is10,000 or above. The transaction charges will be recovered in 4 installments.
d) No charges will be applied to your transaction if you do not use a distributor for that transaction or if your distributor has opted-out of receiving transaction charges.Transaction charges are not applicable for direct investments.
If the purchase transaction / SIP registration of
10,000 and above is processed through a distributor who has opted to receive transaction charges, transaction charges will have to be paid by you.No. Transaction charges are applicable only for purchase transaction / SIP registration. Hence, you don't have to pay transaction charges for switches.
Yes. Transaction charges are payable on purchase transaction / SIP registration in all categories of schemes including liquid schemes.
No. Transaction charges are payable only on purchase transaction / SIP registration.
Yes. If the purchase transaction / SIP registration of
10,000 and above is processed through a distributor and the distributor has opted to receive transaction charges, transaction charges will have to be paid by you even though you are an existing investor.The transaction charge will be
100 if the amount of purchase transaction / SIP registration is 10,000 or above. If the first holder has invested through a distributor who has opted to receive transaction charges,
150 will be applied as transaction charge if the first holder is new investor and 100 if he / she is an existing investor. If your distributor has opted to receive transaction charges, these charges will be applicable to you.
Advisory charges are decided by you in consultation with your distributor. Hence, you may liaise with your distributor in this regard.
Yes. You will be considered a new investor in all 3 mutual funds.
If you have an existing folio with us and you invest in the existing folio, you will be charged
100. In case you do not mention your existing folio in the application form while investing, you will be charged Rs. 150 for the first investment and 100 for subsequent investments since the PAN is registered after the first purchase.If an SIP is submitted without the first cheque, transaction charges will be applied in 4 instalments beginning from the first SIP installment. For SIPs submitted with the first cheque (i.e. any day SIP) the transaction charges will be applied in 4 instalments beginning from the first installment after SIP registration.
The SIP value will be computed as amount per installment (x) number of installments.
Transaction charges will not be applicable for registrations prior to 01-Nov-11.
In case of SIP with Top-up facility, the additional amount (i.e. top-up amount) will be considered for applying the transaction charges.
No. Transaction charges are applicable only for purchase transaction / SIP registration is
10,000 or above. Yes. Tax benefits, if applicable, will be available on the subscription amount i.e.
30,000. The minimum / multiples criterion for purchases will be validated against the gross investment amount i.e.
10,000 in this case. Transaction charges will be the same for all categories of investors.