The Bank has been empanelled with Mutual Fund Asset Management Companies (AMCs) for distributing Mutual Fund Business under AMFI Registration Number ARN-120472 since May 2017.
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.
We are marketing various schemes that include New Fund offers, on-going schemes,etc of the below mentioned Mutual Fund Companies:
1. HDFC Asset Management Company Limited
2. SBI Funds Management Pvt Ltd
3. ICICI Prudential Asset Management Company
4. Aditya Birla Sunlife Management Co.Ltd
5. DSP Mutual Fund
As per Reserve Bank of India Circular No. RBI/2009-10/245 UBD.No.BPD.PCB. 26/09.11.200/2009-10 dated 3rd December 2009 and SEBI Circular No: SEBI/IMD/CIR No. 4/ 168230/09 dated 30th June 2009 it is mandatory for the Distributors to disclose the below information to its investors.
Mutual Fund schemes distribution commission - Disclosure:
|Fund Schemes||Trail year 1||Trail year 2 onwards|
|Equity and Balanced||0% to 2%||0% to 2%|
|Index||0% to 1.75%||0% to 1.50%|
|ELSS||0% to 1.75%||0% to 1.75%|
|Asset Allocation||0% to 1.50%||0% to 1.50%|
|Arbitrage Funds||0% to 1.80%||0% to 1.50%|
|Monthly Income Plans||0% to 2%||0% to 1.60%|
|Gilt||0% to 2%||0.10% to 1.60%|
|Income||0% to 2.25%||0.05% to 2%|
|Short Term||0% to 1.60%||0.1% to 1.5%|
|Liquid & Floating Rate||0% to 1.55%||0% to 1.40%|
For all your Mutual fund related queries, please contact the nearest Branch or write to firstname.lastname@example.org
26442829 / 26442830 / 26442831