Commission Disclosure

Who we are and how we are paid

Amcord Assets Pvt Ltd is an AMFI-registered SIF and Mutual Fund Distributor (ARN-251600 / ARN-36894; ARN holders: Arnav Mahajan / Vivek Mahajan). We distribute regular plans of mutual fund schemes and Specialised Investment Fund (SIF) strategies. For this, we receive commission from the asset management company (AMC). We do not charge you any fee for mutual fund or SIF distribution.

How the commission works

• Paid by the AMC, not by you directly. Commission comes out of the scheme’s Total Expense Ratio (TER). It is never billed to you separately.
• Regular plans cost more than direct plans. Because distribution commission is built in, a regular plan’s expense ratio is higher than the direct plan of the same scheme.
• Almost entirely trail commission. We are paid a small percentage of the value of your investment every year, for as long as you stay invested. SEBI has discontinued upfront commission.

Indicative trail commission — mutual funds

Category	Indicative trail commission (per annum)
Equity funds	0.10% – 1.65%
Hybrid funds	0.10% – 1.50%
Debt funds	0.10% – 0.90%
Liquid and overnight funds	0.02% – 0.15%
Index funds and ETFs	0.05% – 0.35%

Indicative trail commission — SIF strategies

SIF category	Indicative trail commission (per annum)
Equity-oriented strategies	0.50% – 1.65%
Hybrid strategies	0.25% – 1.50%
Debt-oriented strategies	0.25% – 0.65%

No separate fee is charged to you for SIF distribution either.

Regular plan or direct plan?

Both plans of a scheme hold exactly the same portfolio, managed by the same fund manager.

• Regular plan — bought through a distributor such as us. Its expense ratio includes our commission, and you get our servicing: KYC, transactions, mandates, nominations, statements and help with claims.
• Direct plan — open to every investor, at a lower expense ratio. You buy directly from the AMC or a direct platform and handle everything yourself.

Choose the route that suits you. If you prefer to invest directly, we will tell you so honestly.

How we manage conflicts of interest

Because commission rates vary across schemes and categories, a conflict of interest can arise. We manage it this way:

• The fund category is decided by your time horizon and risk profile first, following our standard process — commission is not part of that decision.
• We have no sales incentives or targets linked to any scheme or AMC.
• We do not run AMC-linked promotions, and we do not offer rebates, gifts or inducements.
• We do not churn portfolios or suggest switches to earn commission.
• On request, we will disclose what we earn on any scheme we put before you.

Insurance and other products

For insurance, we receive commission from the insurer as permitted by IRDAI regulations. For corporate fixed deposits and bonds, we may receive a brokerage or fee from the issuer or its arranger. Details are available on request.