MUTUAL FUND DISCLOSURE

As per SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09, following are the details of the comparative commission earned by HDFC securities from various fundhouses, whose products are being distributed:

Fund Schemes Upfront Brokerage/Upfront Commission Trail year 1 Trail year 2 onwards
Equity and Balanced 0% to 1.25% 0% to 1% 0% to 1%
Index 0% to 1% 0% to 0.75% 0%  - 0.75%
ELSS 0%  - 2% 0% to 0.75% 0% to 0.75%
Asset Allocation 0% to 1.5% 0%  - 1% 0%  - 1%
Arbitrage Funds 0%  - 1% 0%  - 1% 0%  - 0.5%
Monthly Income Plans 0% -1.5% 0% to 1% 0%  - 0.5%
Gilt 0% to 1% 0% to 1% 0%  - 0.5%
Income 0% -1.5% 0%  - 1% 0%  - 1%
Short Term 0%-0.05% 0%-0.50% 0%-0.50%
Liquid & Floating Rate 0% to 0.05% 0%-0.50% 0%-0.50%

 

As per SEBI circular: SEBI / HO / IMD / DFI / CIR /P / 2020 / 26 following are the details of the commission earned by HDFC Securities Ltd (HSL) from various fund-houses, whose products are being distributed:
All Portfolio Management Services (PMS) Schemes - Upto 2% per annum.


HDFC securities could also get reimbursements towards promotion and marketing related activities conducted by HDFC securities 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, since such activities may be carried out at AMC level, reimbursement amount received cannot be attributed to any specific Scheme being offered by such AMC. 

This is on a best effort basis and rates are updated as and when actual rates are received from AMCs.

The above Schedule of Commissions is as of 1st August 2009. It is subject to change, without any prior consent and at a sole discretion and agreement between HDFC securities and the respective Mutual Fund houses.

Important Note - 

With effect from 1st November 2011, HDFC Bank has "opted-in" for transaction charge as per the SEBI circular no. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011.

HDFC Securities offers execution based services only.

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