Commission Disclosure

IIFL Wealth Prime Limited and IIFL Wealth Capital Markets Limited* (hereinafter referred to as "IIFLW entities") are "AMFI - Registered Mutual Fund Distributors"

* Fully owned subsidiary of IIFL Wealth Prime Limited.

Detailed commission for each AMC, Click here

The above mentioned rates are subject to change without any prior consent and as per agreement between IIFLW entities and the respective AMCs.

Commission received by IIFL Wealth Prime Limited Rs. 7.046 (in crs) through distribution of IIFL Mutual Fund Schemes and total commission received from all AMCs Rs. 99.756 (in crs) during the F.Y. 2021-2022

Commission received by IIFL Wealth Capital Markets Limited Rs. 0.230 (in crs) through distribution of IIFL Mutual Fund Schemes and total commission received from all AMCs Rs. 22.881 (in crs) during the F.Y. 2021-2022

 

IIFLW entities distribute mutual fund schemes of their affiliates and Group Companies. IIFL Asset Management Limited is a subsidiary of IIFL Wealth Management Limited.

Transaction Charges

With effect from October 1, 2013, IIFLW entities have Opted Out of transaction charges for all Mutual Fund schemes. Hence no transaction charges will be levied on purchases of any Mutual Fund products. Consequently, the respective Asset Management Companies (AMCs) will issue Mutual Fund units equivalent to the full subscription amount to the investors.

The above changes will be effective for both online and offline transactions initiated on or after October 1, 2013.

Mutual Funds - Important Information

1) Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. Please also take note of risks highlighted about the product in the offer document and due caution should be exercised (including if necessary, obtaining of advice of tax/legal/accounting/financial/other professionals) prior to taking any decision, acting or omitting to act, on the basis of the information contained therein.

2) We would like to draw your attention to the disclosures made in the SID/SAI/KIM relating to general risks of investing through mutual fund schemes as well as scheme specific risks such as (i) returns being subject to market risk including loss of capital on account of market volatility, force majeure events, changes in political and economic environment, default by issuers of securities to mutual funds, bankruptcy or insolvency of issuers and potential segregation of portfolio by AMC in such circumstances; (ii) suspension of redemption facility in case the scheme faces liquidity crisis; (iii) risks associated with subscription to new fund offering of the scheme such as price volatility risk, liquidity risk and delisting risk; (iv) winding up of schemes on account of illiquid instruments, higher volume of redemption requests from the investors or on account of unforeseen market events.

3) IIFLW entities engaged in distribution are acting merely as a distributor for various third party mutual fund schemes and other third party products/services (that may be offered by an IIFLW entity or by an entity not part of the IIFLW group), that shall constitute a contract between the investor and the third party. IIFLW entities shall not be liable or responsible for any loss resulting from the third party's products/services. The products, services and benefits referred to herein are subject to the terms and conditions governing them as specified by the third party from time to time.

4) IIFLW entities which are acting as a distributor of Mutual funds and other investment products, undertake transactions on "Execution only" basis unless otherwise agreed between IIFW entities and the customer.

5) As per SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 read with circular no. SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, effective from February 1, 2021, the applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization & availability of the funds in the bank account of mutual fund before the applicable cut off timings for purchase transactions, irrespective of the amount of investment, under ALL mutual fund schemes. (The above rule is already applicable for purchase transactions under Liquid funds and Overnight Funds).

6) Investors shall be responsible to ensure that the mutual fund application form is complete and all details as required are duly filled in. IIFL Wealth entities are not liable for any consequence in case any of the particulars provided are false, incorrect or incomplete.

7) In the event an investor gives direct instruction to the AMC or their agents, IIFLW entities may not be held/responsible in this regard for any reason whatsoever.

Information on Mutual Funds

Daily NAV of various Mutual Fund schemes
https://www.amfiindia.com/net-asset-value

 

Scheme portfolio and other scheme related details of various Mutual Fund schemes
https://www.amfiindia.com/investor-corner/online-center/portfoliodisclosure - Actual Link

 

Details about various mutual fund schemes and scheme related documents
https://www.amfiindia.com/research-information/other-data/scheme-details

Mutual Fund investments are subject to market risk, read all scheme related documents carefully.