Mutual Funds - Commission Structure

Mutual Funds - Commission Structure July 2016 onwards This document includes details of commissions (up-front and trail) which the Bank receives, as ...
Author: Milo Adams
2 downloads 0 Views 2MB Size
Mutual Funds - Commission Structure July 2016 onwards

This document includes details of commissions (up-front and trail) which the Bank receives, as a distributor of mutual funds, from the following Asset Management Companies (AMCs): •

Birla SunLife Asset Management Company Ltd.



Franklin Templeton Asset Management Company Ltd.



HDFC Asset Management Company Ltd.



DSP BlackRock Asset Management Company Ltd.



HSBC Asset Management Company Ltd.



JP Morgan Asset Management Company Ltd.



ICICI Prudential Asset Management Company Ltd.



L&T Mutual Fund



Tata Mutual Fund

Birla Sun Life Asset Management Company Ltd. Category Equity Eqity ĂŶĚ Hybrid 1

Equity ĂŶĚ Hybrid 2 Equity Arbitrage Index FOFs Debt 1 Debt 2 Debt 3 Debt 4A Debt 4B Debt 4B Debt 5A Debt 5B Corp Bond

Birla Sun Life Mutual Fund (BSLMF) or Birla Sun Life Asset Management Company Limited on behalf of (BSLMF) - Brokerage Structure Effective Period : 1July2016 till further notice of change Total Brokerage (%) = Net Brokerage + Service dax Funds Clawback Period UF 1Y Trail Trail 2Y Knwards BͲ15 Incentive BSL Frontline Equity N.A. 1.15 1.15 1.50 BSL '95 Fund BSL Midcap BSL Tax Relief '96 BSL Dividend Yield Plus BSL MNC BSL Top 100 N.A. 1.25 1.25 1.50 BSL Equity BSL Pure Value BSL Advantage BSL Banking ĂŶĚ Financial Services BSL Dynamic Asset Allocation BSL Infrastructure BSL Equity Savings BSL India Opportunities BSL Monthly Income BSL India GenNext BSL MIP 1.35 1.35 N.A. 1.50 BSL Manufacturing Equity BSL New Millennium BSL MIP II - Wealth 25 BSL Small ĂŶĚ Midcap BSL International Equity - Plan A & B BSL Special Situations BSL Tax Plan BSL India Reforms N.A 1.30 0.80 1.50 BSL Enhanced Arbitrage N.A. 0.50 0.50 BSL Index Fund N.A. 0.25 0.25 BSL Gold Fund BSL Commodity Equities Fund - Global Agri Plan, BSL Global Commodities Fund, BSL Global Real Estate Fund N.A. 0.60 0.60 BSL Active Debt Multi Manager FoF BSL Asset Allocator Multi M anager FoF Scheme BSL Financial Planning FoF – Aggressive, Conservative ĂŶĚ Prudent BSL Cash Plus BSL Floating Rate Fund - ShortͲdĞƌŵ Plan, 0.10 N.A. 0.10 BSL Savings Fund BSL ShortͲdĞƌŵ Fund N.A. 0.10 0.10 BSL Treasury Optimizer Plan BSL Floating Rate Fund - LongͲdĞƌŵ Plan N.A. 0.25 0.25 BSL Gilt Plus - Regular Plan

BSL Cash Manager BSL Dynamic Bond Fund BSL MIP II - Savings 5 BSL ShortͲTerm Opportunities Fund BSL Income Plus BSL Gilt Plus - PF Plan BSL Government Securities Fund - LongͲdĞƌŵ Plan BSL MediumͲdĞƌŵ Plan BSL Corporate Bond Fund^^

N.A. N.A. NA

-

0.70 0.70 0.70

0.70 0.70 0.70

0.50

N.A.

-

0.90

0.90

-

N.A. N.A.

-

0.90 0.95

0.90 0.95

0.75 1.00

EŽƚĞƐ Load Structure *

Please refer ODͬSIDͬKIMͬFactSheetͬAddendums for updated details.

Claw back_ Upfront #

Subject to proportionate claw back in case investment is redeemedͬSystematically Transferred/Switched out within 12 months of investment. The clawback clause can be changedͬmodified/discontinued/withholding by the BSLMF at its sole discretion without any prior intimation or notification.

Claw back_Ͳϭϱ Special Incentive #

In case the investment is redeemedͬSystematically Transferred/Switched out to another schemeͬSwitched out to the Direct Plan within 12 months of investment, Ͳϭϱ Incentive will be completely recoveredͬclawed back from the future brokerage payments

dͲϭϱ Locations

Includes Mumbai (including Thane ĂŶĚ Navi Mumbai), Delhi (including NCR), BĞŶŐĂůƵƌƵ, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad (including Secunderabad), Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh. Any Investments from above mentioned CitiesͬPin code categories will be eligible for brokerage payment as per T-15 brokerage structure. In addition to above mentioned Top 15 cities, the NRI investments will be considered as T-15 investments for the purpose of brokerage payment

Ͳϭϱ

Other than T-15 Locations mentioned above This attached brokerage structure is applicable for the period 1April 2015 to 30 June 2015. Birla Sun Life Asset Management Company Ltd. reserves the right to changeͬmodifyͬdiscontinueͬwithhold the rates and slabs mentioned at its sole discretion without any prior intimation or notification or in case of Regulatory ChangesͬChange in Industry practices in respect to payment of Brokerages. The AMC, its employees or Trustees shall not be responsible for any losses incurred by anyone due to change or errors in the brokerage structure. The rate defined in the structure would be applicable for lump sum as well as SIP, STP ĂŶĚ CSIP investments.For Systematic Transactions, respective scheme commission structure will be applicable. Total Distributor Commission/Brokerage/Incentive shall be the aggregate of Upfront Commission, Trail Commission and Marketing Support Expenses as expressed in basis points at transaction level.All these shall be inclusive of all statutory levies including service tax. Marketing Support Expenses are any expenses reimbursed to the distributor or incurred for on behalf of the distributor including gift vouchers, debit notes, event sponsorships, per application incentives, overseas ĂŶĚ outstation trips ( excluding for training programs) and benefits under reward and recognition/loyalty programŵĞ like Privilege Club͘

Terms and onditions

All Brokerages/Incentives are gross ĂŶĚ inclusive of all statutory levies including service tax ĂŶĚ education cess. Net Ămount after deducting the statutory levies will be paid to the distributor. The service tax will be deducted from the brokerage payout at the time of payment. The brokerage strucure mentioned herein is solely payable to AMFI certified ĂŶĚ KYD complied distributors. This brokerage structure is applicable only to distributors of Birla Sun Life Asset Management Co Ltd and can be changedͬwithholding by the AMC as its sole discretion without any prior intimation or notification. The AMC, its employees or Trustees shall not be responsible for any losses incurred by anyone due to change or errors in the brokerage structure. All distributors should abide by the code of conduct and rules/regulations laid down by SEBI ĂŶĚ AMFI. The AMC will take disciplinary action against any distrubutor who is found violating these regulationsͬcode of conduct. Distributors shall comply with SEBI circular dated ϮϲJune 2002 on code of conduct ĂŶĚ SEBI regulations from time to time, including SEBI circular, dated ϯϬJune 2009 with respect to disclosures to be made by distributors to investors. For switch-out(s) made from any open ended Equity or Balanced scheme to any another Open ended Equity or Balanced Scheme:Exit load as applicable to the respective scheme will be charged and brokerage to be paid as applicable . For Investments and Switches into Direct Plan, Brokerage would not be paid͘ Mutual Fund Investments are subject to market risks. Please read offer documentͬSID carefully before investing. For scheme specific risk factors please refer to the respective offer documents. Please refer ODͬSIDͬKIMͬ FactSheetͬAddendums for updated details.

Franklin Templeton Asset Management Company Ltd. Distribution Remuneration Structure Period of Applicability: September 2016 to September 2016 Fund Type, Fund Name, Plan A- Equity Funds 1) Franklin India Bluechip Fund (FIBCF) 2) Franklin India Prima Plus (FIPP) 3) Franklin India Prima Fund (FIPF) 4) Franklin India Smaller Companies Fund (FISCF) 5) Franklin India Flexi Cap Fund (FIFCF) 6) Templeton India Growth Fund (TIGF) 7) Templeton India Equity Income Fund (TIEIF) 8) Franklin India Opportunities Fund (FIOF) 9) Franklin Infotech Fund (FIF) 10) Franklin Build India Fund (FBIF) 11) Franklin India High Growth Companies Fund (FIHGCF) 12) Franklin India Index Fund (FIIF) – NSE Nifty Plan B-Section 80C Funds 1) Franklin India Taxshield (FIT) 2) Franklin India Pension Plan (FIPEP) C- Hybrid Funds 1) Franklin India Balanced Fund (FIBF) 2) Franklin India Monthly Income Plan (FIMIP)-Plan A D- Income Funds - Long Term 1) Franklin India Short Term Income Plan (FISTIP) – Retail Plan 2) Franklin India Income Opportunities Fund (FIIOF) 3) Franklin India Corporate Bond Opportunities Fund (FICBOF)

4) Franklin India Dynamic Accrual Fund (FIDA) 5) Franklin India Income Builder Account (FIIBA) – Plan A 6) Franklin India Government Securities Fund (FIGSF) – Composite/PF/LT Plans E- Income Funds - Short Term 1) Franklin India Savings Plus Fund (FISPF) 2) Franklin India Low Duration Fund (FILDF) 3)Franklin India Banking DQG PSU Debt Fund (FIBPDF) F- Liquid / Liquid + Funds 1) Franklin India Treasury Management Account (FITMA) – Super Institutional Plan 2) Franklin India Ultra-short Bond Fund (FIUBF) – Super Institutional Plan 3) Franklin India Cash Management Account (FICMA) G- Fund of Funds 1) (a) Franklin India Life Stage Fund of Funds (FILSF) – 20s Plan 1) (b) Franklin India Life Stage Fund of Funds (FILSF) – 30s Plan 1) (c) Franklin India Life Stage Fund of Funds (FILSF) – 40s Plan 1) (d) Franklin India Life Stage Fund of Funds (FILSF) – 50s Plan 1) (e) Franklin India Life Stage Fund of Funds ( FILSF ) –50s Plus Floating Rate Plan 2) Franklin India Dynamic PE Ratio Fund of Funds (FIDPEF) 3) Franklin India Multi Asset Solution Fund (FIMAS)

Exit Load

Applicable for T-15 DQG B-15 Additional Upfront for Trail- Year 1 onwards

B-15

1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.25% 1.25% 1.25% 1.10% 0.50%

1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% Nil

Nil 3.00% if redeemed before age of 58 years,( subject to lock in period DQG target amount) Nil after age of 58 years

1.10%

1.75%

1.20%

Nil

1.00% for 1 year 1.00% for 1 year

1.25% 1.20%

1.75% Nil

0.50% for 1 year 3% within 12 months, 2.00% for > 12 months DQG within 18 months, 1.00% > 18 months but within 24 months. 3% within 12 months, 2.00% for > 12 months DQG within 24 months, 1.00% > 24 months DQG within 36 months. 3% within 12 months, 2.00% for > 12 months DQG within 24 months, 1.00% > 24 months DQG within 36months,0.50% for !PRQWKVDQGZLWKLQPRQWKV 0.50% for 1 year 0.50% for 3 months for Composite / PF Plans, Nil for LT Plan.

0.85%

Nil

0.85%

Nil

0.85%

Nil

0.85%

Nil

0.85%

Nil

0.85%

Nil

Nil 0.50% for 3 months Nil

0.05% 0.40% 0.20%

Nil Nil Nil

0.05%

Nil

0.10%

Nil

Nil

0.50%

Nil

1.00% for 1 year 0.75% for 1 year 0.75% for 1 year 1.00% for 1 year 1.00% for 1 year 1.00% for 1 year 1.00% for 3 years

1.50% 1.50% 1.50% 1.50% 0.40% 1.50% 1.50%

Nil Nil Nil Nil Nil 1.25% 1.25%

1% for 3 years

1.45% 1.45% 1.25%

1.75% 1.75% 1.75%

1.00% for 1 year

1.00% for 2 years 1.00% for 2 years 1.00% for 2 years 1.00% for 30 days

Nil

H- International Funds 1) Franklin US Opportunities Fund (FUSOF) 2) Franklin European Growth Fund (FEGF) 3) Franklin Asian Equity Fund (FAEF)

ND-Special (HSBC)-ARN-0022, HSBCWEB, HSBCQN

ND-Special (HSBC)-ARN-0022, HSBCWEB, HSBCQN

Note:ϭ͘ Any distribution of Mutual Fund units of Franklin Templeton Mutual Fund (FTMF) by distributors empaneled with Franklin Templeton Mutual Fund/Franklin Templeton Asset Management (India) Pvt. Ltd (FTAMIL)(“Distributor/s”) is on voluntary basis and by distributing the units, the distributors records its informed consent to comply with all the terms and conditions mentioned in this document as well as such other documents including empanelment form executed by them in connection with the distribution services provided to FTMF/FTAMIL. Ϯ͘ This Distribution Remuneration Structure is applicable only to Distributors empaneled with FTAMIL. ϯ͘ FTAMIL reserves absolute right and authority to change the Distribution Remuneration Structure applicable to existing as well as future assets contributed by the Distributor under their respective ARN, at its sole discretion. Any change in the Distribution Remuneration Structure shall be intimated to the Distributors by telephone/email/post/courier /text messages or such other medium of communication as may be preferred by FTAMIL and the same will be effective from the date of dispatch of such communication – ϰ͘ The MIS based computation of commission by FTMF’s Registrar and Transfer Agent will be considered to be final. Terms ĂŶĚ Conditions A. Applicability of T-15 and B-15 Cities for payment of Commission: ϭ͘ AMFI has identified the top 15 (T-15) cities as major investments hubs. The List of T-15 cities as on December 31, 2015 are Mumbai (including Thane and Navi Mumbai), Delhi, BĞŶŐĂůƵƌƵ, Chennai, Kolkata, Ahmedabad, Pune, Hyderabad, Jaipur, Vadodara, Chandigarh, Surat, Kanpur, Gurgaon and Lucknow. The T-15 list is subject to periodic announcements made by AMFI in this regard. The Cities beyond T-15 are classified as ΖBeyond Top 15 (B-15) citiesΖ. Ϯ͘ NRI ĂŶĚ other eligible Foreign Investor Investments business shall also be considered as T-15 business. Additional upfront / trail commission offered on investments from Ͳϭϱ cities will not be applicable to investments from dͲϭϱ cities, NRIs and Foreign InstitutionalInvestors. B. Recovery of Upfront Commission Paid: 1. The upfront commission paid to a Distributor will be recovered from the Distributor, if the investment for which such upfront commission was paid is redeemed /switched out to any other scheme or the Direct Plan before the completion of the Exit Load period. In the case of Franklin India Government Securities Fund – Composite / PF / LT Plans the recovery period will be one year. 2. (i) The recovery will be made on a pro-rata basis, depending upon the number of days for which the investment has stayed invested in the fund before being redeemed / switched out. (ii) In case exit load is mentioned in months – 1 month will be considered as 30 days, 3 months as 90 days, 6 months as 180 days, 9 months as 270 days and 1 year as 365 days respectively . (iii) Recovery of the upfront commission (“Recovery Amount”) will be equal to upfront commission paid x (No. of days for the Exit Load period – No. of days the monies have stayed in the funds) / (No. of days for the Exit Load period). For example : An upfront commission of 0.75% is paid on an Equity Fund, where the Exit Load period is 1 year. For an investment of Rs. 100,000/-, a distributor would be paid a sum of Rs. 750/- as the upfront commission. If the investor redeems this money exactly after completion of 180 days the Recovery Amount will be Rs. 380.14, computed as ((750 * (365 – 180))/365 as per the above formula. For Additional Brokerage Structure applicable for investments Beyond Top 15 Cities, full recovery of the additional Commission paid will be done in case the Investor redeems / switches out to any other Scheme or the Direct Plan before the completion of ONE YEAR from the date of investment, irrespective of the Exit Load period applicable to the Fund. 3. The recovery of the Recovery Amount will be made from the Commission payable to the Distributor for the month in which redemption has been made. In case the Commission payable to the Distributor is insufficient to cover the Recovery Amount, we will continue to recover from the Commission payable in subsequent months. In case the recovery is not completed in 3 months, a demand notice will be sent to the Distributor asking him to refund the money to the AMC. In case the Distributor does not pay the money within 1 month from the date of the receipt of the notice, the AMC will approach AMFI and / or may initiate legal action for resolution of the same. C. Commission payable on Switches 1. Upfront commission will be paid on switches done from one Equity/Balanced Fund to another Equity/Balanced Fund only on completion of three years from the date of initial investment. 2. In case an investor switches out money from FTMF before the exit load Period, it will be considered as redemption and the upfront commission so paid will be recovered in lines of Para B above. Further a switch-in will be considered as a fresh purchase, and the upfront commission payable on the switch-in fund will be paid in entirety to the Distributor. D. Statutory / AMFI Driven Regulations 1. The rate of Commission mentioned in this document is inclusive of service tax if any. As per the notification no. 19/2016 dated 1st March 2016 issued by the Ministry of Finance, effective April 1, 2016, the distributors, whose service tax liability exceeds the threshold limit, shall be liable to register themselves and pay service tax under forward charge mechanism. Every Distributor providing taxable service must issue an invoice to the Asset Management Company (FTAMIL) signed by Distributor or a person authorized by the Distributor. For further clarification on applicability of service tax, please consult your tax advisor.

Ϯ͘ In case any assets under your ARN Code are transferred to another Distributor at the request of the Investor, you shall not be entitled to receive any trail commission on such assets. Further, the payments of trail commission on assets that are transferred from another Distributor to your ARN Code shall be subject to us receiving a ΖClearance CertificateΖ from the previous Distributor. Please contact your Franklin Templeton Relationship Manager for further details. ϯ͘ The upfront commission that is payable by the investor (if any) as per the SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) will be paid directly to the Distributor / Advisor by the investor based on his assessment of various factors including the service rendered by the Distributor / Advisor. Further, the Distributor / Advisor is required to disclose to customers all the commissions (in the form of trail commission or any other mode) received by him for different competing schemes of various mutual funds from amongst which the Scheme of Franklin Templeton Mutual Fund (FTMF) is being recommended to them. ϰ͘ The Distributor shall adhere to all applicable SEBI Regulations and more particularly SEBI circulars dated June 26, 2002 and August 27, 2009 on the Code of Conduct and other guidelines issued by AMFI from time to time for mutual fund distributors and ensure that (i) no rebate is given to investors in any form and (ii) splitting of applications for any benefit. ϱ͘ The payment of Commission shall depend on the documentation completion status as per the empanelment form. ϲ͘ In terms of a SEBI directive, the Distributor / Advisor shall not take any Irrevocable Power of Attorney from its clients in connection with investments in the schemes of FTMF and that the liability of Distributor / Advisor shall not be limited and depend upon his failure to discharge his obligations. ϳ͘ All ARN holder are required to comply with the norms related to Know Your Distributor (KYD) as per AMFI circular dated August 27, 2010. The payment of Commission shall be suspended till the Distributor complies with this requirement. E. This Distribution Remuneration Structure is applicable for SIP, STP and lump sum investments. F. Important Definitions ΖCommissionΖ shall mean any payment due from Fund/FTAMIL as distribution fees or other fees to the Distributor for valid transactions executed through the Distributor under the Distributor’s ARN code and in respect of which final allotment of units has been made to the Customer. Commission includes upfront and trail commission as explained in the AMFI Best Practice Circular and the modification thereto from time to time. ΖDistribution Remuneration StructureΖ shall mean the applicable fee/charges structure along with provisions for Commission, claw back and applicable taxes and deductions which shall from time to time be communicated to the Distributor through email/letters. Please refer to the Fund’s Scheme Information Document (SID) / Prospectus / Fund Factsheet for the minimum amounts for investments, exit loads and other statutory and fund related information.

ND-Special (HSBC)-ARN-0022, HSBCWEB, HSBCQN

HDFC Asset Management Company Ltd. Statement of Commissions Payable to Distributors for July '16 - Sept '16 Name of AMC:

HDFC Asset Management Company Limited

Name of Mutual Fund:

HDFC Mutual Fund

B - 15 Cities: Validity Period:

Other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh July - Sept 2016

ARN-0022

Hongkong & Shanghai Banking Corporation Ltd

Brokerage Rate applicable for Lumpsum & SIP Investments Category Scheme Name

Equity Oriented Schemes

Index Balanced Equity Oriented Schemes Balanced Debt Oriented Schemes Arbitrage ELSS Retirement Planning Hybrid – Debt Oriented Income

Short Term

Gilt

Liquid Ultra Short Term Multi Asset FOF Gold FOF

HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC

T15 & B15 B15 Total Trail Yr Trail Additional Clawback Trail paid in Trail Yr1 Total Advance (@) - APM (A+B) for 2 & 3 4th yr Payout – Period B15 1 yr (A) (p.a) (B) T15 & (p.a) onward B-15 Payout B15 s Cities # in 1st Year# 1.20% Equity Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.20% Mid Cap Opportunities Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.20% Top 200 Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.20% Capital Builder Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.20% Core & Satellite Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.00% Equity Savings Fund 12 Months 12 Months 0.00% 1.00% 1.00% 1.00% 0.00% 1.00% 1.20% Growth Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.20% Infrastructure Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.20% Large Cap Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.20% Premier Multi Cap Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.20% Small & Midcap Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 0.15% Index Fund – Nifty Plan 3 Months N.A 0.00% 0.15% 0.15% 0.15% 0.00% 0.15% 0.15% Index Fund – Sensex Plan 1 Month N.A 0.00% 0.15% 0.15% 0.15% 0.00% 0.15% 0.75% Index Fund – Sensex Plus Plan 1 Month N.A 0.00% 0.75% 0.40% 0.40% 0.00% 0.75% 1.20% Prudence Fund 12 Months 12 Months 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.00% Balanced Fund 12 Months 12 Months 0.00% 1.00% 1.00% 1.00% 1.50% 2.50% 1.00% Childrens Gift Fund – Investment Plan (Equity) 3 Years 12 Months 0.00% 1.00% 1.00% 1.00% 1.50% 2.50% 1.00% Childrens Gift Fund – Investment Plan (Equity) Lock In $ 3 Years 12 Months 0.00% 1.00% 1.00% 1.00% 1.50% 2.50% 1.15% Childrens Gift Fund- Savings Plan 3 Years 12 Months 0.00% 1.15% 1.15% 1.00% 1.50% 2.65% 1.15% Childrens Gift Fund -Savings Plan - Lock In $ Refer SID N.A 0.00% 1.15% 1.15% 1.00% 1.50% 2.65% 0.40% 1 Month N.A 0.00% 0.40% 0.40% 0.40% 0.00% 0.40% Arbitrage Fund 1.10% Tax Saver Fund (Lock In) 3 Years (Lock In) N.A 0.00% 1.10% 1.10% 1.10% 1.50% 2.60% 1.20% Long Term Advantage Fund (Lock In) 3 Years (Lock In) N.A 0.00% 1.20% 1.20% 1.20% 1.50% 2.70% 1.10% Retirement Savings Fund - Equity Plan 5 years 12 Months 0.00% 1.10% 1.10% 1.10% 0.00% 1.10% 1.10% Retirement Savings Fund - Hybrid-Equity Plan 5 years 12 Months 0.00% 1.10% 1.10% 1.10% 0.00% 1.10% 1.10% Retirement Savings Fund - Hybrid-Debt Plan 5 years 12 Months 0.00% 1.10% 1.10% 1.10% 0.00% 1.10% 1.00% Monthly Income Plan – Short Term Plan 12 Months 12 Months 0.00% 1.00% 1.00% 1.00% 1.50% 2.50% Monthly Income Plan – Long Term Plan 0.90% 12 Months 12 Months 0.00% 0.90% 0.90% 0.90% 1.50% 2.40% 0.90% Multiple Yield Fund - Plan 2005 15 Months 12 Months 0.00% 0.90% 0.90% 0.90% 0.00% 0.90% 0.85% Income Fund 6 Months 6 Months 0.00% 0.85% 0.85% 0.85% 0.50% 1.35% 0.70% High Interest Fund – Dynamic Plan 6 Months 6 Months 0.00% 0.70% 0.70% 0.70% 0.00% 0.70% 1.00% Short Term Plan 12 Months 12 Months 0.00% 1.00% 1.00% 1.00% 0.00% 1.00% 0.60% High Interest Fund – STP 1Month N.A 0.00% 0.60% 0.60% 0.60% 0.00% 0.60% 0.10% Short Term Opportunities Fund 1 Month N.A 0.00% 0.10% 0.10% 0.10% 0.00% 0.10% 0.05% Medium Term Opportunities Fund 12 Months N.A 0.00% 0.05% 0.05% 0.05% 0.00% 0.05% 0.05% Floating Rate Income Fund – Long Term Plan 3 Months N.A 0.00% 0.05% 0.05% 0.05% 0.00% 0.05% 0.85% Corporate Debt Opportunities Fund 36 Months 12 Months 0.00% 0.85% 0.85% 0.85% 0.00% 0.85% 0.20% Gilt Fund – Short Term Plan Nil N.A 0.00% 0.20% 0.20% 0.20% 0.00% 0.20% 0.50% Gilt Fund – Long Term Plan Nil N.A 0.00% 0.50% 0.50% 0.50% 0.00% 0.50% 0.05% Liquid Fund Nil N.A 0.00% 0.05% 0.05% 0.05% 0.00% 0.05% 0.05% Cash Management Fund – Savings Plan Nil N.A 0.00% 0.05% 0.05% 0.05% 0.00% 0.05% 0.05% Cash Management Fund – Call Plan Nil N.A 0.00% 0.05% 0.05% 0.05% 0.00% 0.05% 0.05% Floating Rate Income Fund – Short Term Plan Nil N.A 0.00% 0.05% 0.05% 0.05% 0.00% 0.05% 0.60% Cash Management Fund – Treasury Advantage Plan Nil N.A 0.00% 0.60% 0.60% 0.60% 0.00% 0.60% 0.05% Banking and PSU Debt Fund Nil N.A 0.00% 0.05% 0.05% 0.05% 0.00% 0.05% 0.75% Dynamic PE Ratio Fund of Funds 12 Months N.A 0.00% 0.75% 0.75% 0.75% 0.00% 0.75% 0.60% Gold Fund 12 Months NA 0.00% 0.60% 0.60% 0.60% 0.00% 0.60% Exit Load Period

"@" For all instalments of SIPs/STPs registered between 1st April 2016 and 30th June 2016 (both days included). "# @" Addlitional Perpetual Trail is for fresh mobilisation during the period April ' 16 to June' 16 till asset last, excluding switches from equity oriented schemes (other than Arbitrage/ Index Funds) APMͲAnnualisedpayablemonthlyͲSubjecttorevisionprospectively

$LockͲinisfromthedateofinvestmenttillthechildattainsageof18yearsorattheendof3yearsfromdateofinvestment,whicheverislater GeneralTerms: BrokerageStructuresaresubjecttothetermsofempanelmentandapplicablelawsandregulations,includingSEBI(MutualFund)Regulations,AMFIRegulations,lawsrelatingtoServiceTax,IncomeTax,etc. AMC reserves the right to change the brokerage/incentive without any prior intimation or notification at its sole discretion, and the Distributors shall not dispute the same. AMC shall not be responsible for any losses incurred due to changes in the brokerage/incentive structure Anyrecovery/clawback/proportionatesetoffetc.,ofbrokerageshallbeatthesolediscretionoftheAMC,andtheDistributorsshallnotdisputethesame Notes ReferKIMforminimumapplicationamount IncaseofchangeinBroker/DistributorCode,Trailpaidinadvanceshallberecovered/clawedback/setoffproportionatelyfromthefuturebrokeragepayments TͲ15meansMumbai(includingThane&NaviMumbai),Delhi(includingNCR),Bangalore,Kolkata,Chennai,Pune,Ahmedabad,Hyderabad,Vadodara,Panjim,Jaipur,Lucknow,Surat,KanpurandChandigarh @Incasetheinvestmentisredeemedwithintheexitloadperiod,asapplicable,theproportionate(i.efortheremainingperiodofexitload)oftrailpaidinadvance/incentive,(ifany)paidshallberecovered/clawedback/setofffromthefuturebrokerage payments,atAMC’ssolediscretion #Incasetheinvestmentisredeemedwithin12months,theupfront(includingadditionalupfront/trailpayableinadvance/incentive,ifany)brokeragepaidshallberecovered/clawedback/setofffullyfromthefuturebrokeragepayments,atAMC’ssole discretion. Inrespectofallpurchases(includingswitchins)w.e.f1stJanuary2013fromRegularPlan(DistributorPlan)toDirectPlaninanyscheme,allupfrontcommissions(includingadditionalupfront/trailpayableinadvance/incentive,ifany)paidshallbe recovered/clawedback/setofffully/proportionatelyfromfuturebrokeragepayments. TheclassificationofcitiesforTͲ15asmentionedaboveisadvisedbyAMFIandissubjecttorevision,ifany. ThecommissionratesmentionedaboveshallbeinclusiveofServiceTaxandotherrelevantstatutory/regulatoryleviesasapplicable. Youareadvisedtoabidebythecodeofconductand/orrules/regulationslaiddownbySEBIandAMFI. PleaserefrainfromofferingbrokeragetoyoursubͲbrokers,ifany,ataratehigherthanthebrokerageasaforementioned. TheAMCreservestherighttosuspendthebrokeragepayabletoyou,ifbroughttoournoticethathigherbrokerageisofferedtosubͲbrokersoryouhaveviolatedthecodeofconductconductand/orrules/regulationslaiddownbySEBIandAMFI Inaccordancewiththeclause4(d)ofSEBICircularNo.SEBI/IMD/CIRNo.4/168230/09datedJune30,2009,thedistributorsshoulddiscloseallthecommissions(intheformoftrail oranyothermode)payabletothemforthedifferentcompetingschemesofvariousmutualfundsfromamongstwhichtheschemeisbeingrecommendedtotheinvestor.Distributorsareadvisedtoensurecomplianceofthesame.

Liquid Ultra Short Term Multi Asset FOF Gold FOF

HDFC HDFC HDFC HDFC HDFC HDFC HDFC HDFC

Liquid Fund Cash Management Fund – Savings Plan Cash Management Fund – Call Plan Floating Rate Income Fund – Short Term Plan Cash Management Fund – Treasury Advantage Plan Banking and PSU Debt Fund Dynamic PE Ratio Fund of Funds Gold Fund

Nil Nil Nil Nil Nil Nil 12 Months 12 Months

N.A N.A N.A N.A N.A N.A N.A NA

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

0.05% 0.05% 0.05% 0.05% 0.60% 0.05% 0.75% 0.60%

0.05% 0.05% 0.05% 0.05% 0.60% 0.05% 0.75% 0.60%

0.05% 0.05% 0.05% 0.05% 0.60% 0.05% 0.75% 0.60%

0.05% 0.05% 0.05% 0.05% 0.60% 0.05% 0.75% 0.60%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

0.05% 0.05% 0.05% 0.05% 0.60% 0.05% 0.75% 0.60%

"@" For all instalments of SIPs/STPs registered between 1st April 2016 and 30th June 2016 (both days included). "# @" Addlitional Perpetual Trail is for fresh mobilisation during the period April ' 16 to June' 16 till asset last, excluding switches from equity oriented schemes (other than Arbitrage/ Index Funds) APMͲAnnualisedpayablemonthlyͲSubjecttorevisionprospectively

$LockͲinisfromthedateofinvestmenttillthechildattainsageof18yearsorattheendof3yearsfromdateofinvestment,whicheverislater GeneralTerms: BrokerageStructuresaresubjecttothetermsofempanelmentandapplicablelawsandregulations,includingSEBI(MutualFund)Regulations,AMFIRegulations,lawsrelatingtoServiceTax,IncomeTax,etc. AMC reserves the right to change the brokerage/incentive without any prior intimation or notification at its sole discretion, and the Distributors shall not dispute the same. AMC shall not be responsible for any losses incurred due to changes in the brokerage/incentive structure Anyrecovery/clawback/proportionatesetoffetc.,ofbrokerageshallbeatthesolediscretionoftheAMC,andtheDistributorsshallnotdisputethesame Notes ReferKIMforminimumapplicationamount IncaseofchangeinBroker/DistributorCode,Trailpaidinadvanceshallberecovered/clawedback/setoffproportionatelyfromthefuturebrokeragepayments TͲ15meansMumbai(includingThane&NaviMumbai),Delhi(includingNCR),Bangalore,Kolkata,Chennai,Pune,Ahmedabad,Hyderabad,Vadodara,Panjim,Jaipur,Lucknow,Surat,KanpurandChandigarh @Incasetheinvestmentisredeemedwithintheexitloadperiod,asapplicable,theproportionate(i.efortheremainingperiodofexitload)oftrailpaidinadvance/incentive,(ifany)paidshallberecovered/clawedback/setofffromthefuturebrokerage payments,atAMC’ssolediscretion #Incasetheinvestmentisredeemedwithin12months,theupfront(includingadditionalupfront/trailpayableinadvance/incentive,ifany)brokeragepaidshallberecovered/clawedback/setofffullyfromthefuturebrokeragepayments,atAMC’ssole discretion. Inrespectofallpurchases(includingswitchins)w.e.f1stJanuary2013fromRegularPlan(DistributorPlan)toDirectPlaninanyscheme,allupfrontcommissions(includingadditionalupfront/trailpayableinadvance/incentive,ifany)paidshallbe recovered/clawedback/setofffully/proportionatelyfromfuturebrokeragepayments. TheclassificationofcitiesforTͲ15asmentionedaboveisadvisedbyAMFIandissubjecttorevision,ifany. ThecommissionratesmentionedaboveshallbeinclusiveofServiceTaxandotherrelevantstatutory/regulatoryleviesasapplicable. Youareadvisedtoabidebythecodeofconductand/orrules/regulationslaiddownbySEBIandAMFI. PleaserefrainfromofferingbrokeragetoyoursubͲbrokers,ifany,ataratehigherthanthebrokerageasaforementioned. TheAMCreservestherighttosuspendthebrokeragepayabletoyou,ifbroughttoournoticethathigherbrokerageisofferedtosubͲbrokersoryouhaveviolatedthecodeofconductconductand/orrules/regulationslaiddownbySEBIandAMFI Inaccordancewiththeclause4(d)ofSEBICircularNo.SEBI/IMD/CIRNo.4/168230/09datedJune30,2009,thedistributorsshoulddiscloseallthecommissions(intheformoftrail oranyothermode)payabletothemforthedifferentcompetingschemesofvariousmutualfundsfromamongstwhichtheschemeisbeingrecommendedtotheinvestor.Distributorsareadvisedtoensurecomplianceofthesame.

RESTRICTED

Brokerage Period:

DSP BlackRock Mutual Fund 1st July 2016 To

From

30th Sept 2016

DSP BlackRock Asset Management Company Ltd. Transaction Types:

Lump Sum Purchases; Switch Ins, SIP/STP Upfront (Trial Paid in advance) 7 & %

Type of Brokerage Clawback

Location Transaction Limit (Rs) Equity DSPBR Top 100 Equity Fund DSPBR Equity Fund DSPBR Small and Midcap Fund DSPBR India TIGER Fund DSPBR Micro Cap Fund DSPBR Focus 25 Fund DSPBR Opportunities Fund DSPBR NRNE Fund DSPBR Technology.com Fund ELSS DSPBR Tax Saver Fund Hybrid DSPBR Balanced Fund DSPBR Equity Savings Fund DSPBR MIP Fund International FOF DSPBR Global Allocation Fund DSPBR US Flexible Equity Fund DSPBR World Agriculture Fund DSPBR World Gold Fund DSPBR World Mining Fund DSPBR World Energy Fund Domestic FOF DSPBR Dynamic Asset Allocation Fund

All Amt

7 & % All Amt

Year 2

Year 3

Year 4 & Onwards

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

2.00% 2.00% 2.00% 2.00% 2.00% 1.75% 1.75% 2.00% 2.00%

1.30% 1.30% 1.30% 1.30% 1.20% 1.40% 1.50% 1.50% 1.50%

1.30% 1.30% 1.30% 1.30% 1.20% 1.40% 1.50% 1.50% 1.50%

1.30% 1.30% 1.30% 1.30% 1.20% 1.40% 1.50% 1.50% 1.50%

1.30% 1.30% 1.30% 1.30% 1.20% 1.40% 1.50% 1.50% 1.50%

Nil

0.00%

2.00%

1.50%

1.50%

1.50%

1.30%

Nil Nil Nil

0.00% 0.00% 0.00%

1.75% 1.00% 2.00%

1.40% 1.50% 1.30%

1.40% 1.50% 1.30%

1.40% 1.50% 1.30%

1.40% 1.50% 1.30%

Nil Nil Nil Nil Nil Nil

0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

1.75% 1.75% 1.75% 1.50% 1.75% 1.75%

1.20% 1.20% 1.10% 1.10% 1.10% 1.10%

1.20% 1.20% 1.10% 1.10% 1.10% 1.10%

1.20% 1.20% 1.10% 1.10% 1.10% 1.10%

1.20% 1.20% 1.10% 1.10% 1.10% 1.10%

Nil

0.00%

1.75%

1.50%

1.50%

1.50%

1.50%

Upfront (Trial Paid in advance)

Clawback

Location

7 & %

Transaction Limit (Rs)

Additional B15 Incentive

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

Upfront (Trial Paid in advance)

Clawback

Location

7 & %

Transaction Limit (Rs)

1.00% 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Additional B15 Incentive

All Amt Nil

Exit Load Schemes All Equity, Hybrid Funds, DSPBR FOF's (Overseas) & DSPBR DAAF

0.00%

0.00%

Trail Brokerage for : 7 & B15

Trail Year 1 7 & % All Amt

All Amt

Type of Brokerage

DSPBR Short Term Fund

Trail Brokerage for : 7 & B15

Trail Year 1

Nil Nil Nil Nil Nil Nil Nil Nil Nil

Type of Brokerage

Schemes: DSPBR Bond Fund DSPBR Income Opportunities Fund DSPBR Strategic Bond Fund DSPBR Banking and PSU Debt Fund DSPBR Government Securities Fund Constant Maturity 10 Year GSEC fund DSPBR Money Manager Fund DSPBR Liquidity Fund DSPBR Ultra Short Term Fund DSPBR Treasury Bill Fund

Additional B15 Incentive

1.25% 1.10% 0.75% 0.50% 0.75% 0.20% 0.80% 0.05% 0.30% 0.25%

Year 2

Year 3 & Onwards

1.25% 1.10% 0.75% 0.50% 0.75% 0.20% 0.80% 0.05% 0.30% 0.25%

1.25% 1.10% 0.75% 0.50% 0.75% 0.20% 0.80% 0.05% 0.30% 0.25%

Trail Year 1for T15 & %

Trail Brokerage for : 7 & B15

0-3 Months

4-12 Months

All Amt

All Amt

Year 2 & Onwards

0.85%

0.85%

0.85%

Exit Load Holding period from date of allotment: =12 months - Nil

DSPBR Tax Saver Fund

Investments in DSPBR Tax Saver Fund are subject to lock-in period of 36 months from the allotment.

DSPBR Short Term Fund

Holding period from date of allotment: 3 months - Nil

DSPBR Income Opportunities Fund

Holding period from date of allotment: = 12 Months - Nil

DSPBR Bond Fund

Holding period from date of allotment: 12 months - Nil

All other Fixed Income Funds

Nil

Clawback

Location

7 & %

Transaction Limit (Rs) DSPBR Short Term Fund

B15 Incentive

All Amt Nil

Exit Load Schemes All Equity, Hybrid Funds, DSPBR FOF's (Overseas) & DSPBR DAAF

0.00%

0.00%

0-3 Months

4-12 Months

All Amt

All Amt

Year 2 & Onwards

0.85%

0.85%

0.85%

Exit Load Holding period from date of allotment: =12 months - Nil

DSPBR Tax Saver Fund

Investments in DSPBR Tax Saver Fund are subject to lock-in period of 36 months from the allotment.

DSPBR Short Term Fund

Holding period from date of allotment: 3 months - Nil

DSPBR Income Opportunities Fund

Holding period from date of allotment: = 12 Months - Nil

DSPBR Bond Fund

Holding period from date of allotment: 12 months - Nil

All other Fixed Income Funds

Nil

National Trail

HSBC Asset Management Company Ltd. T15 Brokerage Structure for Schemes of HSBC Mutual Fund (Applicable from 1 September 2016 to 30 September 2016) Details

Equity Funds

Monthly Income Plan

HSBC Equity Fund (HEF) HSBC India Opportunities Fund (HIOF) HSBC Midcap Equity Fund (HMEF) HSBC Infrastructure Equity Fund (HAIF) HSBC Dynamic Fund (HDF) HSBC Dividend Yield Equity Fund (HUOF) HSBC Emerging Markets Fund (HEMF) HSBC Brazil Fund (HBF) HSBC Asia Pacific Dividend Yield Fund (HAPDF) HSBC Global Consumer Opportunities Fund (GCOF) HSBC Managed Solutions - Growth HSBC Managed Solutions - Moderate HSBC Managed Solutions - Conservative HSBC Tax Saver Equity Fund (HTSEF) HSBC Monthly Income Plan (Regular) (HMIPR) HSBC Monthly Income Plan (Savings) (HMIPS)

NIL

Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

Annualized Trail Brokerage Year 3 Year 1 Year 2 Onwards 1.03% 1.03% 1.03% 1.07% 1.07% 1.07% 1.13% 1.13% 1.13% 1.15% 1.15% 1.15% 1.18% 1.18% 1.18% 1.01% 1.01% 1.01% 0.74% 0.74% 0.74% 0.80% 0.80% 0.80% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.94% 0.94% 0.94% 0.92% 0.92% 0.92% 0.63% 0.63% 0.63% 1.13% 1.13% 1.13%

NIL NIL

Nil Nil

1.02% 1.03%

Exit load

Advance ᣽

Trail

1.02% 1.03%

1.02% 1.03%

HSBC Income Fund - Short Term Plan (HIF-STP) NIL Nil 0.55% 0.55% 0.55% HSBC Flexi Debt Fund (HFDF) NIL Nil 0.73% 0.73% 0.73% Debt & Liquid HSBC Income Fund - Investment Plan (HIF-IP) NIL Nil 0.86% 0.86% 0.86% Funds HSBC Ultra Short Term Bond Fund (HUSTBF) NIL Nil 0.43% 0.43% 0.43% HSBC Cash Fund (HCF) NIL Nil 0.05% 0.05% 0.05% 1. All annualized brokerage/Advance Trail indicated above is on a gross basis and is inclusive of statutory levies. The same will be paid on a monthly basis. 2. ᣽ The Advance Trail / Upfront Brokerage indicated will be recovered (clawed back) on a Proportionate basis * depending upon the number of days for which the investment has stayed invested in the fund. Number of days will be calculated from the date of investment to the date of redemption /switch out to any other scheme or Direct Plan before the completion of one year from the date of investment. *Proportionate Basis = (Number of days in the year less Number of days for which the investment was held) / Number of days in the year

3. Such clawback is required to be settled between the distributor and the AMC within 30 days of the date of redemption or upon demand by the AMC, whichever is earlier. 4. W.e.f 01-Apr-2015 SIP/STP transaction will be process basis the registration date for applicable schemes. 5. In respect of all purchases (including switch-ins) w.e.f 1 January 2013 & subsequently switched from Regular/Normal Plan (Distributor Plan) to Direct Plan in any scheme, all upfront commissions (including additional upfront/incentive if any paid) shall be recovered/clawed back/set-off fully or proportionately, as applicable from future brokerage payments. 6. Transaction charges will be applied on the investment amount, if you have Opted-in. 7. No Advance Trail is payable for switch transactions between plans of same schemes

HSBCAssetManagement(India)PrivateLimitedreservestherighttochangetheabovestructureasmaydeemnecessary. AnychangestotheaboveratesshallbecentrallycommunicatedtoyouthroughanemailfromourDistributorHelpdesk Team([email protected])orCAMSBrokerageTeam([email protected]) T15 Brokerage Structure for Schemes of HSBC Mutual Fund (Applicable from 1 September 2016 to 30 September 2016)

RICTED

RICTED

Scheme name

Details

Equity Funds

Monthly Income Plan

Scheme name HSBC Equity Fund (HEF) HSBC India Opportunities Fund (HIOF) HSBC Midcap Equity Fund (HMEF) HSBC Infrastructure Equity Fund (HAIF) HSBC Dynamic Fund (HDF) HSBC Dividend Yield Equity Fund (HUOF) HSBC Emerging Markets Fund (HEMF) HSBC Brazil Fund (HBF) HSBC Asia Pacific Dividend Yield Fund (HAPDF) HSBC Global Consumer Opportunities Fund (GCOF) HSBC Managed Solutions - Growth HSBC Managed Solutions - Moderate HSBC Managed Solutions - Conservative HSBC Tax Saver Equity Fund (HTSEF) HSBC Monthly Income Plan (Regular) (HMIPR) HSBC Monthly Income Plan (Savings) (HMIPS)

NIL

Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

Annualized Trail Brokerage Year 3 Year 1 Year 2 Onwards 1.03% 1.03% 1.03% 1.07% 1.07% 1.07% 1.13% 1.13% 1.13% 1.15% 1.15% 1.15% 1.18% 1.18% 1.18% 1.01% 1.01% 1.01% 0.74% 0.74% 0.74% 0.80% 0.80% 0.80% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.94% 0.94% 0.94% 0.92% 0.92% 0.92% 0.63% 0.63% 0.63% 1.13% 1.13% 1.13%

NIL NIL

Nil Nil

1.02% 1.03%

Exit load

Advance ᣽

Trail

1.02% 1.03%

1.02% 1.03%

HSBC Income Fund - Short Term Plan (HIF-STP) NIL Nil 0.55% 0.55% 0.55% HSBC Flexi Debt Fund (HFDF) NIL Nil 0.73% 0.73% 0.73% Debt & Liquid HSBC Income Fund - Investment Plan (HIF-IP) NIL Nil 0.86% 0.86% 0.86% Funds HSBC Ultra Short Term Bond Fund (HUSTBF) NIL Nil 0.43% 0.43% 0.43% HSBC Cash Fund (HCF) NIL Nil 0.05% 0.05% 0.05% 1. All annualized brokerage/Advance Trail indicated above is on a gross basis and is inclusive of statutory levies. The same will be paid on a monthly basis. 2. ᣽ The Advance Trail / Upfront Brokerage indicated will be recovered (clawed back) on a Proportionate basis * depending upon the number of days for which the investment has stayed invested in the fund. Number of days will be calculated from the date of investment to the date of redemption /switch out to any other scheme or Direct Plan before the completion of one year from the date of investment. *Proportionate Basis = (Number of days in the year less Number of days for which the investment was held) / Number of days in the year

3. Such clawback is required to be settled between the distributor and the AMC within 30 days of the date of redemption or upon demand by the AMC, whichever is earlier. 4. W.e.f 01-Apr-2015 SIP/STP transaction will be process basis the registration date for applicable schemes. 5. In respect of all purchases (including switch-ins) w.e.f 1 January 2013 & subsequently switched from Regular/Normal Plan (Distributor Plan) to Direct Plan in any scheme, all upfront commissions (including additional upfront/incentive if any paid) shall be recovered/clawed back/set-off fully or proportionately, as applicable from future brokerage payments. 6. Transaction charges will be applied on the investment amount, if you have Opted-in. 7. No Advance Trail is payable for switch transactions between plans of same schemes

HSBCAssetManagement(India)PrivateLimitedreservestherighttochangetheabovestructureasmaydeemnecessary. AnychangestotheaboveratesshallbecentrallycommunicatedtoyouthroughanemailfromourDistributorHelpdesk Team([email protected])orCAMSBrokerageTeam([email protected])

JP Morgan Asset Management Company Ltd. ARN-0022 HSBC

BROKERAGE STRUCTURE APPLICABLE FOR JULY-SEPTEMBER 2016

A. EQUITY SCHEMES Application Size JPMorgan India Equity Fund NA JPMorgan India Mid & Small Cap Fund NA JPMorgan India Tax Advantage Fund NA JPMorgan India Top 100 Fund NA JPMorgan India Equity Income Fund NA JPMorgan India Economic Resurgence Fund NA JPMorgan India Balanced Advantage Fund NA JPMorgan Greater China Equity Off-shore Equity Fund NA JPMorgan ASEAN Equity Off-shore Equity Fund NA JPMorgan US Value Equity Off-shore Equity Fund NA JPMorgan Europe Dynamic Offshore Equity Fund NA JPMorgan Emerging Markets Opportunities Equity Offshore Fund NA Scheme Name

Upfront Fees Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

Trail * 1.50% (Day 1 onwards) 1.50% (Day 1 onwards) 1.75% (Day 1 onwards) 1.50% (Day 1 onwards) 0.75% (Day 1 onwards) 1.50% (Day 1 onwards) 1.50% (Day 1 onwards) 1.50% (Day 1 onwards) 1.50% (Day 1 onwards) 1.50% (Day 1 onwards) 1.50% (Day 1 onwards) 1.50% (Day 1 onwards)

* Trail Payout is applicable from the time of Investment and is on an annualized basis (p.a.) * Trail Payout is Payable on a monthly basis

B. FIXED INCOME SCHEMES Application Size JP Morgan India Liquid Fund NA JP Morgan India Active Bond Fund NA JPMorgan India Banking & PSU Debt Fund NA JPMorgan India Corporate Debt Opportunities Fund NA JPMorgan India Government Securities Fund NA Scheme Name

Upfront Fees Nil Nil Nil Nil Nil

Trail * 0.10% (Day 1 onwards) 1.00% (Day 1 onwards) 0.30% ( Day 1 onwards) 0.50% (Day 1 onwards) 0.75% (Day 1 onwards)

* Trail Payout is applicable from the time of Investment and is on an annualized basis (p.a.) * Trail Payout is Payable on a monthly basis Note: 1. JPMAM reserves the right to change the brokerage structure at any time without any prior intimation 2. The above mentioned brokerage structure supersedes all our previous communications on brokerage structure 3. You are advised to abide by the code of conduct and/ or rules/ regulations laid down by SEBI and AMFI. 4. Please refrain from offering brokerage to your sub-brokers, if any, at a rate higher than the brokerage as aforementioned. 5. No upfront payable for switches from equity to equity schemes irrespective of the exit load period of the scheme, only trail will be payable. 6. Please note the above brokerage rates are subject to applicable taxes.

RESTRICTED

ICICI Prudential Asset Management Company Ltd. ICICI Prudential Mutual Fund - Load and Commission on Sales Structure - Applicable for Sep 2016 Additional payout for B 15 cities

Across all cities T15 & B15 Fund Name

Category Equity & ELSS

Clawback Period

Commission on Sales

3 Years Lock In, Nil after 3 years

1.10%

1.10%

1.00%

1yr

1.10%

1.00%

1yr 1yr 1yr 1yr

0.00% 0.75% 0.00% 0.00%

1.10% 0.50% 1.10% 1.25%

1.10% 0.50% 1.10% 0.50%

1.25% 1.50% 1.00% 1.00%

1 Year - Nil

1yr

0.00%

1.15%

1.15%

1.00%

1 Year - Nil

1yr

0.00%

1.10%

1.10%

1.00%

ICICI Prudential Balanced

1 Year - Nil

1yr

0.00%

1.10%

1.10%

1.50%

ICICI Prudential Dynamic

1.10%

1.10%

1.00%

ICICI Prudential Child Care Plan - Gift ICICI Prudential Select Large Cap Fund ICICI Prudential Multi Cap Fund ICICI Prudential Mid Cap Fund ICICI Prudential Dividend Yield Equity Fund

1 Year - Nil 18 months - Nil 1 Year - Nil 1 Year - Nil

ICICI Prudential Focused Bluechip Equity Fund ICICI Prudential Infrastructure

1 Year - Nil

1yr

0.00%

ICICI Prudential Value Discovery fund (1%Trail 4th Year onwards)

1 Year - Nil

1yr

0.00%

1.35%

1.35%

1.00%

ICICI Prudential US Bluechip Fund

3 months and 12 months - Nil

1yr

0.00%

0.50%

0.50%

1.00%

ICICI Prudential Balanced Advantage Fund

18 months - Nil

1yr

0.00%

1.10%

1.10%

1.25%

ICICI Prudential Top 100

1 Year - Nil

1yr

0.00%

1.10%

1.10%

1.00%

ICICI Prudential Technology ICICI Prudential Banking & Financial Services ICICI Prudential FMCG

1 Year - Nil 1 Year - Nil 1 Year - Nil

1yr 1yr 1yr

0.00% 0.00% 0.00%

1.20% 1.20% 1.10%

1.20% 1.20% 1.10%

1.50%

ICICI Prudential Equity Income Fund

1 Year - Nil

1yr

0.00%

0.85%

0.85%

ICICI Prudential Global Stable Equity

3 months &18 months - Nil

1yr

0.00%

1.05%

1.05%

1.00%

ICICI Prudential Nifty Index Fund-Retail

Nil

Nil

0.00%

0.40%

0.40%

0

ICICI Prudential Indo Asia Retail

1 Year - Nil

Nil

0.00%

0.50%

0.50%

0

ICICI Prudential Exports & Other Service Industries Fund

1 Year - Nil

1yr

1.00%

0.50%

0.50%

1.50%

ICICI Prudential Nifty Next 50 Index Fund

7 Year - Nil

Fund Name

Exit Load for lumpsum purchase

Advisor Series - Long Term Savings Plan 3 Year - Nil

Advisor Series - Cautious Plan

Nil

Advisor Series -Dynamic Accrual Plan

1 Year - Nil

Category

Category

Category Debt Short Term

Fund Name

0.00%

0.40%

0.40%

0

Commission on Sales

Trail 1st Yr

Trail 2nd yr onwards

Additional Trail (1st yr Only)

0.00%

0.50%

0.30%

0.00%

0.50%

0.30%

0.00%

0.50%

0.30%

Nil

0.00%

0.20%

0.20%

0.00%

0.30%

0.30%

Clawback Period

Commission on Sales

Trail 1st Yr

Trail 2nd yr onwards

Nil

1 year - Nil

1yr

0.85%

0.50%

0.50%

1 year - Nil

1yr

0.75%

0.50%

0.50%

ICICI Prudential Regular Income Fund

1 year - Nil

1yr

0.75%

0.50%

0.50%

ICICI Prudential Child Care Plan - Study

1 yrs &2yrs & 3yrs -Nil

1yr

0.60%

0.50%

0.50%

Fund Name

Clawback Period

Commission on Sales

Trail 1st Yr

Trail 2nd yr onwards

ICICI Prudential Income Plan

Upto 1year - 1.00%, > 1year - Nil

1yr

1.00%

0.50%

0.50%

ICICI Prudential Regular Savings Fund

1 Year - Nil

1yr

0.00%

1.00%

1.00%

0.15%

0.10%

ICICI Prudential Regular Gold Savings Fund

15 Months - Nil

1yr

0.00%

ICICI Prudential Short Term Gilt Fund

Nil

Nil

0.00%

0.40%

0.40%

ICICI Prudential Long Term Gilt Fund

Nil

Nil

0.00%

1.00%

0.55%

ICICI Prudential Gilt Fund - Treasury Plan - PF Option

Upto 6 Months from allotment - 0.50% of applicable NAV, more than 6 Months - Nil

Nil

0.00%

0.40%

0.40%

ICICI Prudential Gilt Fund - Investment Plan - PF Option

Nil

Nil

0.00%

0.25%

0.15%

ICICI Prudential Long Term Plan

Upto 1 month - 0.25%, > 1 month - Nil

Nil

0.00%

0.75%

0.60%

ICICI Prudential Dynamic Bond Fund ICICI Prudential Constant Maturity Fund

Upto 3 month - 1%, > 3 month - Nil Upto7 days- 0.25%, > 7 days - Nil

Nil Nil

0.00% 0.00%

0.75% 0.25%

0.50% 0.25%

Corporate Bond Fund Plan

1 Year - Nil

1yr

0.75%

0.50%

0.50%

Clawback Period

Commission on Sales

Trail 1st Yr

Trail 2nd yr onwards

Nil

0.00%

0.40%

0.25%

Fund Name ICICI Prudential Income Opportunities Fund

ICICI Prudential Ultra Short Term Plan

Category

Exit Load for lumpsum purchase

Fund Name ICICI Prudential Equity - Arbitrage Fund Fund Name

Exit Load for lumpsum purchase Upto 6 Month - 1.00%, > 6 Month - Nil Upto7 days- 0.25%, > 7 days - Nil Nil

Nil

0.00%

0.70%

0.70%

Nil

0.00%

0.30%

0.25%

ICICI Prudential Money Market Fund ICICI Prudential Saving Fund ICICI Prudential Flexible Income Plan

Nil

Additional Trail (1st yr Only)

Nil

Additional Trail (1st yr Only)

Nil

Additional Trail (1st yr Only)

Nil

Nil

Nil

0.00%

0.20%

0.20%

Exit Load for lumpsum purchase

Clawback Period

Commission on Sales

Trail 1st Yr

Trail 2nd yr onwards

Nil

0.00%

0.40%

0.30%

Nil Additional Trail (1st yr Only)

1 months - Nil Exit Load for lumpsum purchase

Clawback Period

Commission on Sales

Trail 1st Yr

Trail 2nd yr onwards

0.000%

0.025%

0.025%

0.000%

0.025%

0.025%

0.000% 0.000%

0.750% 0.100%

0.300% 0.050%

ICICI Prudential Liquid Plan Liquid

Nil

Nil

ICICI Prudential Monthly Income Plan

ICICI Prudential Banking & PSU Debt Fund

Arbitrage

Exit Load for lumpsum purchase

Nil

Clawback Period

ICICI Prudential MIP 25

ICICI Prudential Short Term Plan

Category

Additional Trail (1st yr Only)

1.10%

Advisor Series - Moderate Plan

Debt Long Term

Trail 2nd yr onwards

0.00%

3 Years Lock In, Nil after 3 years 1 yrs &2yrs & 3yrs -Nil

Advisor Series - Very Aggressive Plan

Hybrid

Trail 1st Yr

0.00%

ICICI Prudential Long Term Equity Fund

Category Fund of Funds

Exit Load for lumpsum purchase

Nil

Nil

Additional Trail (1st yr Only)

Nil

Note SIP/STP application : Commission on Sales & trail Brokerage would be same as normal purchase application. SIP/STP registered at B15 location will get respective additional payout on per installment basis. Subject to revision on prospective basis. For all Switches - Commission on Sales and / or Trail brokerage would be as normal purchase application (excluding switch between plans / options) “B – 15” cities are cities other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad (including Secundrabad), Baroda, Panajim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh collectively referred to as “T – 15” cities. NRI business shall also considered as T 15 business Commission on Sales is paid in advance for the entire stated period. Commission on Sales is subject to proportionate clawback incase of outflows (Redemption,Switch (inclusing between plans / Option), Sysytematic withdrawal plan) with in the stated period from the date of investments. Stated period for all the schemes are mentioned in Clawback period. The additional payout paid for B-15 will be completely clawed back / recovered from future brokerage payments in case the investment is redeemed / Switched Out / Systematically Transferred within 1 year from date of investment.

Terms: The transactions will be subject to terms and conditions as mentioned in the Scheme Information Document (SID) & Statement of Additional Information (SAI) and shall be binding on the distributor. The Commission mentioned hereinabove is solely payable to AMFI/NISM certified distributors and can be changed by the AMC at its sole discretion without any prior intimation or notification. The Commission given above is inclusive of all taxes/charges/levy on these arrangements/transactions. The taxes shall be borne by the distributor and the same shall be deducted at the time of payment of commission at the applicable rates. The AMC shall not be responsible for any losses incurred by any one due to change in the Commission structure. The Commission shall be subject to clawback provisions, as applicable. The Distributor should abide by the code of conduct and rules/regulations laid down by SEBI and AMFI. Also, it is specifically mentioned that the Distributor will neither pass on or rebate Commission back to investors nor tempt them with rebate/gifts. The AMC will take disciplinary action against any Distributor who is found violating the rules, regulations and Code of conduct. The AMC reserves the right to suspend the Commission payable, if it is brought to our notice that the Distributor has violated the code of conduct and/or rules/regulations laid down by SEBI and AMFI. The Distributor shall disclose all commissions (including in the form of trail commission or any other mode) payable to them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to the investor. The decision of AMC in all matters pertaining to the Commission will be final and binding in all respects on the Distributor. It would be deemed that the terms as stated in this communication have been accepted by you if you mobilise business subsequent to this communication. These terms are also applicable to all live structures including to the payment of trail commission where payable and all such commission are inclusive of all taxes/charges/levy.Further, AMC reserves right to revise trail commission in case there is change in regulation pertaining to fund related expenses.

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

Structure for L&T Mutual Fund L&T MutualCommission Fund (1st July 2016 to 30th September 2016)

Name of the Fund L&T India Large Cap Fund L&T Infrastructure Fund L&T India Value Fund L&T Mid Cap Fund L&T India Prudence Fund L&T Business Cycles Fund L&T Equity Fund L&T Emerging Businesses Fund L&T India Special Situations Fund L&T Tax Advantage Fund L&T Equity Savings Fund L&T Monthly Income Plan L&T Dynamic Equity Fund

Prepaid Commission

Trail(apm)-From Day 1

Total Earnings for T15 Cities In first 3 Years

B Incentive

Total Earnings for B15 Cities In first 3 Years

Equity, Balanced and Hybrid Funds

0.75%*

0.75%

3.00%

1.50%

4.50%

0.75%*

0.75%

3.00%

2.00%

5.00%

1.50%

Nil

1.50%

Arbitrage Fund L&T Arbitrage Opportunities Fund

Nil

0.50% Debt Funds

L&T Income Opportunities Fund L&T Resurgent India Corporate Bond Fund

0.50%**

0.50%

2.00%

0.50%

2.50%

L&T Triple Ace Bond Fund

Nil 0.50%** Nil

0.80% 0.50% 0.70%

2.40% 2.00% 2.10%

Nil Nil Nil

2.40% 2.00% 2.10%

Nil

0.50%

1.50%

Nil

1.50%

Nil

0.40%

1.20%

Nil

1.20%

Nil

0.20%

0.60%

Nil

0.60%

1.95% 0.15%

Nil Nil

1.95% 0.15%

L&T Short Term Income Fund L&T Flexi Bond Fund L&T Gilt Fund L&T Short Term Opportunities Fund L&T Low Duration Fund L&T Floating Rate Fund L&T Ultra Short Term Fund

Liquid Funds L&T Cash Fund L&T Liquid Fund

Nil Nil

0.65% 0.05%

* For investments > Rs.3 Crore, no prepaid commission will be paid. The prepaid commission indicated above would be paid out in 12 equal instalments. ** For investments > Rs.5 Crore, no prepaid commission will be paid. The prepaid commission indicated above would be paid out in 12 equal instalments.

Commission Structure for L&T Mutual Fund – Terms and Conditions (1st July 2016 to 30th September 2016)

General a) b) c)

d) e) f) g) h) i)

j) k) l)

This is further to your empanelment with L&T Investment Management Limited on behalf of L&T Mutual Fund. The aforesaid structure is effective from 1st July 2016 to 30th September 2016 and will remain effective till further notice and may change at the discretion of AMC as a result of any changes in the law. Prepaid Commission: L&T IM wishes to enhance the quality of service provided to its investors to improve retention of investments in its schemes. For this purpose, the AMC intends to fund the distributors through a prepayment of commission to enable them to service their clients. The prepayment will be based on the amount invested by the customer at the rates specified in the table above to the extent it is payable to the distributor. The distributor is entitled to keep the commission paid if the investor stays through the exit period. In the event the investment is withdrawn before completion of this period, the proportionate commission paid which corresponds to the balance exit load period would be recovered or adjusted against other amounts payable to such distributors on account of deficiency of service. Prepaid Commission will be calculated on a monthly basis on the amount invested by the investor. The amount payable to the distributor shall be paid in the following month. Trail Commission: The Trail Commission is calculated on the basis of ‘Daily Average Assets'. The amount payable to the distributor shall be paid in the following month. Commission/Incentive will be paid on switches/systematic transfer from one scheme to another scheme. However, no commission will be paid in case of change of option in the same scheme except for L&T tax Advantage Fund. If the total commission payout to the distributor for a month (including prepaid commission/Incentive) is less than Rs. 250/-, the same would be accrued and carried forward to subsequent months for payouts, AMC reserves the right to change the commission structure at its sole discretion, without giving any notice. The AMC reserves the right not to pay Commission/Incentive on assets mobilized through multiple / split applications from the same investor where such arrangement is made with an intention to earn Commission/Incentive otherwise not available on the investment. In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Distributors are advised to ensure compliance of the same. The rules and regulations of SEBI/AMFI pertaining to commission/incentive payment to distributors will also be applicable for payment of the commission/incentive as per the structure stated above. The aforesaid commission/incentive structure is based on the present expense ratio allowed by SEBI. Any change by SEBI in the expense ratio will entail a change in the aforesaid commission structure. AMC reserves the right to change, withdraw and / or amend, the above mentioned terms and conditions without any prior notice. For change of broker code cases, payment of commission will be governed by the requirements of SEBI and / or AMFI.

B-15 Incentive D E

F G H I J K

B-15 incentive is over and above the existing commission and incentives. B-15 incentive will be payable on the applications procured from residents of all the cities beyond the following 15 cities(as per Pincode Master circulated by AMFI from time to time) : Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh Applications procured from Non-resident Indians will not be eligible for B-15 incentive. In case the investment is redeemed (lump sum & SIP/STP) within 12 months, the entire % incentive paid as above shall be recovered or adjusted against other amounts payable inaccordance with requirements of SEBI and/or AMFI. Identification or tagging of a transaction as % transaction will be at the sole discretion of AMC and as per the guidelines and list of Pin codes issued by SEBI and/or AMFI from timeto time. Any claims by distributors to change the tagging will not be entertained. % Incentive on application amounts > Rs. 25, 00,000 will be paid in 12 monthly equated instalments. However, this cap will not be applicable to L&T Tax Advantage Fund. The AMC reserves the right not to pay Commission/Incentive on assets mobilized through multiple / split applications from the same investor where such arrangement is made withan intention to earn Commission/Incentive otherwise not available on the investment.

THE DISTRIBUTOR AGREES THAT SOURCING OF FUNDS FOR L&T MUTUAL FUND SCHEME(S) AFTER RECEIPT OF THIS BROKERAGE STRUCTURE INCLUDING ABOVE REFERRED TERMS AND CONDITIONS SHALL BE CONSTRUED AS AN AGREEMENT OF HIS/HER/ITS ACCEPTANCE TO THE TERMS AND CONDITIONS.

Tata Mutual Fund Brokerage Structure Applicable from 1st July 2016 to 30th September 2016 T - 15 & B - 15 Scheme Name

Exit Load

Upfront Brokerage

1st Year Trail

2nd Year Onwards Trail

Special Incentive (B-15)

Equity Funds Tata Balanced Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Equity Opportunities Fund

1% - 365 Days

0.00%

1.35%

1.35%

1.75%

Tata Large Cap Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Equity P/E Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Mid Cap Growth Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Dividend Yield Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Ethical Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Regular Savings Equity Fund

1% - 365 Days

1.00%

0.50%

0.50%

1.50%

Tata India Tax Saving Fund

Refer SID

0.00%

1.30%

1.30%

1.75%

ELSS Own a Piece of India (OAPI) Schemes Tata Banking & Financial Services Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Digital India Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata India Consumer Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata India Pharma & Health Care Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Resources & Energy Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

Tata Infrastructure Fund

1% - 365 Days

0.00%

1.30%

1.30%

1.75%

TATA Index Fund - NIFTY A

0.25% - 7 Days

0.00%

0.50%

0.50%

TATA Index Fund - SENSEX A

0.25% - 7 Days

0.00%

0.50%

0.50%

Tata Retirement Savings Fund -PP

Refer SID

0.00%

1.50%

1.50%

Index Funds

Solutions 1.75%

Tata Retirement Savings Fund -MP

Refer SID

0.00%

1.50%

1.50%

1.75%

Tata Retirement Savings Fund -CP

Refer SID

0.00%

1.30%

1.30%

1.50%

Tata Young Citizens Fund

Refer SID

0.00%

1.30%

1.30%

1.50%

Debt Funds Tata Short Term Bond Fund

0.50% - 30 Days

0.00%

0.80%

0.80%

Tata Dynamic Bond Fund

0.50% - 180 Days

0.00%

1.30%

1.30%

Tata Income Fund

1.00% - 365 Days

0.00%

0.90%

0.90%

Tata Income Plus Fund

1.00% - 365 Days

0.00%

0.90%

0.90%

Gilt Funds Tata Gilt Mid Term Fund

NIL

0.00%

0.75%

0.75%

Tata Gilt Securities Fund

0.50% - 180 Days

0.00%

0.75%

0.75%

Tata Gilt Short Maturity Fund

NIL

0.00%

0.35%

0.35%

Ultra Short Funds Tata Floater Fund

NIL

0.00%

0.15%

0.15%

Tata Treasury Manager fund

NIL

0.00%

0.75%

0.75%

Liquid Funds Tata Money Market Fund

NIL

0.00%

0.05%

0.05%

Tata Liquid Fund

NIL

0.00%

0.05%

0.05%

Tata Liquidity Management fund

NIL

0.00%

0.04%

0.04%

Notes:

All trail rates are payable in apm mode. DOA stands for the Date of allotment The above structure is applicable for any application amount (subject to Minimum application amount criteria of respective scheme) B-15 Special Incentive is payable as one time Upfront Payment. For applications > Rs 5 Crs the B-15 Special incentive will be paid as 1/12 th portion each month for a total of 12 months period

In case of Tata Retirement Savings Fund (all plans/options), upfront brokerage/B-15 incentive is not applicable for the Investor of Age 60 years and above. Further in case of SIP/STPs, registered before investors attains 60 years of age, NO UPFRONT, B-15 INCENTIVE Shall be payable for installments falling due after the investor attains the age of 60 years, Amount invested in TATA India Tax Savings Fund will remain locked in for 3 years from the date of allotment The above structure is applicable for both Lump Sum as well as SIP/STP Transactions

Terms & Conditions 1. Top-15 Locations (T-15) as provided by AMFI & Beyond-15 Locations (B-15) refers to all the Locations beyond the Top-15 Locations. The list of Top-15 Locations are as follows : Ahmedabad; Bangalore; Baroda; Chandigarh; Chennai; Hyderabad; Jaipur; Kanpur; Kolkata; Lucknow; Mumbai (including Navi Mumbai & Thane); New Delhi (including NCR); Panjim; Pune & Surat 2. Brokerage Structure for Top 15 & Beyond 15 Locations: (a) Top 15 locations - will be offered Upfront + Trail commission as applicable. Beyond 15 locations – would be offered Upfront + Trail commission + Special incentive for B-15 as applicable. (b) Upfront commission is with proportionate Clawback, if redeemed within the exit load period of the scheme except "Tata Retirement Savings Fund" (TRSF). For TRSF, clawback will be applicable if redeemed before 24 Months from the date of Allotment. (c) Special Incentive (for Beyond 15 cities) is with Complete Clawback, if redeemed within one year of allotment, except TRSF, for TRSF, clawback will be applicable if redeeemed before 24 months from the date of Allotment. 3. The proposed brokerage structure is applicable for regular plan only. NO brokerage / Commission (Upfront, Trail, Special Incentive) will be payable on Direct Plans 4. Switches : (a) For switches between Equity Funds/Solutions Fund/ELSS/OAPI schemes, upfront commission will be payable only on investments which have completed 1 year from the date of allotment. No Special Incentive for Beyond 15 locations would be payable on switches.The trail will be paid as per the applicable brokerage structure. (b) For all switches from Direct Plan to Existing Regular Plan (Plan A) of All Schemes the distributor will be eligible for only Trail brokerage payout. No upfront commission & special incentive for B-15 locations will be payable on such switches. 5. Trail : (a) First year trail commission is calculated from the date of the allotment till the end of the first year of investment or till the investor stays invested in the scheme, whichever is earlier and is calculated on pro-rata basis, by taking the average of net asset value during the period under consideration and on the outstanding units. (b) Second year trail commission is calculated from date of completion of one year from the date of allotment till the completion of 2nd year. It is calculated on pro-rata basis, by taking average of net asset value during the period under consideration. Second year trail commission as applicable to the scheme is paid either perpetually till the investor stays invested in the scheme or for the specific period mentioned in the commission structure applicable to the scheme. 6. The commission rates are inclusive of all taxes, levies, statutory dues and service tax. If any tax is required to be deducted at source, the same will be deducted from the payment of the distributors. 7. TATA AMC may change the rates/periodicity etc of commission in case of change in regulations/Load Structure/expense ratio and any other factors which have an impact on such payments. Such Change would be applicable for remaining SIP/STP installments also. 8. Please read the latest SID and addendums carefully to confirm the scheme details. 9. Vide SEBI circular dated November 28th, 2002 and AMFI's subsequent circulars, intermediaries are not entitled to commission/incentive on their own investment. Commission/ incentive is not payable for investment made by sponsor(s) of TATA AMC. 10. In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor. Distributors are advised to ensure strict compliance of the same. 11. The objective of the above structure is to reward genuine investments canvassed by distributors. Any misuse of the commission/reward structure should be discouraged and commission of such distributors found involved in any malpractice may be withheld.

MFCD_2_09/16

12. TATA AMC reserves the right to modify, withdraw or suspend the brokerage structure at any time.