Commission Disclosure Policy
Objective
This Commission Disclosure Policy is prepared in accordance with SEBI and AMFI guidelines requiring Mutual Fund Distributors to disclose commission structures received from Asset Management Companies (AMCs). It ensures complete transparency for investors and complies with SEBI Circulars on commission disclosures at the point of sale and on distributor websites, as well as the AMFI Master Circular for MFDs dated 14-January-2026.
How Commission Works
When you invest in a Regular Plan mutual fund through Kanga Financial Services Private Limited, the AMC pays us a trail commission. This commission is a percentage of your invested amount, paid by the AMC from the scheme’s Total Expense Ratio (TER). This commission does NOT increase your investment cost – it is already included in the scheme’s NAV. Direct Plans of the same scheme have a lower expense ratio because they do not include distributor commission. You may choose to invest in Direct Plans directly through AMC websites or apps without any distributor involvement.
Trail Commission Structure (Indicative Range)
The following table provides indicative trail commission rates received from various AMCs. Actual commissions may vary across schemes and share classes as per AMC-defined slabs, investor location (T30/B30 cities), AUM-based slabs, and SEBI regulations.
AMC Name | Equity | Passive | Hybrid | Debt | Liquid |
Aditya Birla Mutual Fund | 0.50-1.50% | 0.10-0.60% | 0.40-1.00% | 0.15-0.60% | 0.03-0.15% |
Axis Mutual Fund | 0.50-1.50% | 0.10-0.50% | 0.40-1.00% | 0.15-0.55% | 0.03-0.12% |
Bandhan Mutual Fund | 0.45-1.40% | 0.10-0.55% | 0.35-0.95% | 0.10-0.50% | 0.03-0.10% |
Bank of India Mutual Fund | 0.50-1.45% | 0.10-0.55% | 0.40-0.95% | 0.15-0.55% | 0.03-0.12% |
Baroda BNP Paribas Mutual Fund | 0.50-1.50% | 0.10-0.60% | 0.40-1.00% | 0.15-0.60% | 0.03-0.15% |
Canara Robeco Mutual Fund | 0.50-1.50% | 0.10-0.60% | 0.40-1.00% | 0.15-0.60% | 0.03-0.15% |
Dsp Mutual Fund | 0.45-1.40% | 0.10-0.55% | 0.35-0.90% | 0.10-0.50% | 0.03-0.10% |
Edelweiss Mutual Fund | 0.50-1.45% | 0.10-0.55% | 0.40-0.95% | 0.15-0.55% | 0.03-0.12% |
Franklin Tempelton Mutual Fund | 0.50-1.50% | 0.10-0.60% | 0.40-1.00% | 0.15-0.60% | 0.03-0.15% |
HDFC Mutual Fund | 0.45-1.35% | 0.10-0.50% | 0.35-0.85% | 0.10-0.45% | 0.03-0.10% |
Helios Mutual Fund | 0.50-1.50% | 0.10-0.60% | 0.40-1.00% | 0.15-0.60% | 0.03-0.15% |
HSBC Mutual Fund | 0.40-1.20% | 0.10-0.40% | 0.35-0.80% | 0.15-0.55% | 0.03-0.12% |
ICICI Prudential Mutual Fund | 0.55-1.50% | 0.10-0.60% | 0.40-1.00% | 0.15-0.55% | 0.03-0.12% |
Invesco Mutual Fund | 0.55-1.60% | 0.10-0.65% | 0.45-1.10% | 0.20-0.65% | 0.05-0.18% |
JM Financial Mutual Fund | 0.55-1.50% | 0.10-0.65% | 0.40-1.05% | 0.15-0.65% | 0.03-0.15% |
Kotak Mahindra Mutual Fund | 0.40-1.60% | 0.10-0.65% | 0.35-1.10% | 0.10-0.65% | 0.03-0.18% |
Mirae Asset Mutual Fund | 0.55-1.50% | 0.10-0.65% | 0.40-1.05% | 0.15-0.65% | 0.03-0.15% |
Motilal Oswal Mutual Fund | 0.45-1.35% | 0.10-0.50% | 0.35-0.85% | 0.10-0.45% | 0.03-0.10% |
Nippon India Mutual Fund | 0.50-1.50% | 0.10-0.60% | 0.40-1.00% | 0.15-0.60% | 0.03-0.15% |
Ppfas Mutual Fund | 0.40-1.20% | 0.10-0.40% | 0.35-0.80% | 0.15-0.55% | 0.03-0.12% |
SBI Mutual Fund | 0.55-1.50% | 0.10-0.60% | 0.40-1.00% | 0.15-0.55% | 0.03-0.12% |
Sundaram Mutual Fund | 0.55-1.60% | 0.10-0.65% | 0.45-1.10% | 0.20-0.65% | 0.05-0.18% |
Tata Mutual Fund | 0.55-1.50% | 0.10-0.65% | 0.40-1.05% | 0.15-0.65% | 0.03-0.15% |
Uti Mutual Fund | 0.40-1.60% | 0.10-0.65% | 0.35-1.10% | 0.10-0.65% | 0.03-0.18% |
Whiteoak Capital Mutual Fund | 0.55-1.50% | 0.10-0.65% | 0.40-1.05% | 0.15-0.65% | 0.03-0.15% |
Others AMCs | 0.40-1.60% | 0.10-0.65% | 0.35-1.10% | 0.10-0.65% | 0.03-0.18% |
Updated quarterly as per AMFI guidelines.
Key Disclosures
- Kanga Financial Services Private Limited receives only trail commission from AMCs. We do not accept any upfront commission, incentive commission, or one-time payments from any AMC.
- Investors may refer to their Consolidated Account Statement (CAS) issued by CAMS or KFintech, which displays the actual total commission paid to distributors for the investor’s investments.
- Commissions are paid directly by the respective AMCs and are included in the Total Expense Ratio (TER) of the scheme. The commission does not increase the investor’s cost – it comes from the AMC’s expense ratio.
- Kanga Financial Services Private Limited does not receive any remuneration, gift, incentive trip, or non-cash benefit from any AMC or associate that could result in a conflict of interest.
- Investors may choose to invest in Direct Plans directly through AMC websites or apps without distributor involvement. Direct Plans have lower expense ratios.
- Our scheme recommendations are based on objective criteria (performance, risk, suitability) as documented in our Fund Selection Policy, and are never influenced by commission rates.
Compliance References
AMFI Master Circular for MFDs dated 14-January-2026; SEBI Master Circular for Mutual Funds (latest consolidated version); SEBI Circular No. HO/(79)2026-MIRSD-PODMMC; AMFI Code of Conduct for Mutual Fund Distributors.