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The firm is offered commissions for mutual fund business sourced under its own ARN code. The commission earned by the firm varies from Fund house to fund house and from Scheme to Scheme. As per SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09, following are the details of the commission earned by Asset Line from various AMCs, whose products are being distributed:
The rates of commission disclosed above:
1. Refers to T 30 cities in India as defined by AMFI, and commission could be higher in case of B 30 cities.
2. Are subject to change, without any prior consent and at a sole discretion and agreement between Asset Line and the respective AMCs.
3. For investments subscribed into Regular/Distributor Plan which involves payment of commission to MFD. No Upfront commission is paid to/received by Asset Line.
4. Details of scheme level commission on Mutual funds are available with your Wealth/Relationship Manager and would be produced on request.
5.This information is compiled on a best effort basis, and rates are updated as and when they are received from AMCs.
6. Please note you can check the gross commissions earned by Asset Line in any particular FY by clicking on the following link – https://www.amfiindia.com/commission-disclosure
Risk Factors –
Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence, we do not deal in Direct Plans.
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