Commission Disclosure
ABOUT US
Common Disclosure for Mutual Fund Distribution Business
Welcome to Wealthlife, your trusted partner in financial growth! Operated under Excellus Fintech Private Limited, we are committed to maintaining transparency and trust in all our interactions. Below is a detailed disclosure of the commissions we earn as part of our mutual fund distribution services. This disclosure complies with regulatory standards and industry best practices.
- Innovative Financial Solutions
- Personalized Financial Planning
- Expert Team with Diverse Experience
- Client-Centric Approach
- Ethical and Transparent Practices
- Commitment to Financial Education
Our Mission & Vision
Wealthlife, an initiative of Excellus Fintech Private Limited, stands at the forefront of financial empowerment and innovation. Born out of a vision to make personal finance management accessible to all, Wealthlife represents a new era of financial solutions tailored for the individual. Our mission is not just about providing financial services; it’s about creating a pathway to financial freedom and literacy for everyone. With a commitment to excellence and client satisfaction, Wealthlife is reshaping how personal finance is perceived and managed.
Nature of Income
As an AMFI-registered mutual fund distributor (ARN-310757), we earn commissions from Asset Management Companies (AMCs) for facilitating mutual fund investments. These commissions do not involve any direct charges to investors and are paid from the management fees charged by AMCs.
Management Fees and Expenses for Mutual Fund Investments
At Wealthlife, transparency is a cornerstone of our operations. Below is a detailed disclosure of the management fees and expenses associated with mutual fund investments. These fees are governed by the regulations set forth by the Securities and Exchange Board of India (SEBI) to ensure fair practices and investor protection.
Management Fees and Total Expense Ratio
The Total Expense Ratio (TER) is the aggregate of all expenses charged to a mutual fund scheme, including fund management fees. It is deducted from the scheme’s returns and is expressed as a percentage of the scheme’s Assets Under Management (AUM). The TER limits are as follows:
Jayesh Aparnathi
|
AUM Slab (₹ Crore) |
Equity-Oriented Schemes |
Other Schemes |
|
First ₹500 |
2.25% |
2.00% |
|
Next ₹250 |
2.00% |
1.75% |
|
Next ₹1,250 |
1.75% |
1.50% |
|
Next ₹3,000 |
1.60% |
1.35% |
|
Next ₹5,000 |
1.50% |
1.25% |
|
Balance AUM |
Reduced by 0.05% for every ₹5,000 crore increase |
Note: For AUM exceeding ₹50,000 crore, the TER reduces by 0.05% for every ₹5,000 crore increment, subject to a minimum TER of 1.05% for equity-oriented schemes and 0.80% for other schemes
What is Lorem Ipsum
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Benjamin Davis
CEO of BOOST
Additional Key Points on Fees
Inclusion of Brokerage and Transaction Costs
The TER includes brokerage and transaction costs incurred during the purchase or sale of securities, ensuring transparency in the cost structure.
No Entry Loads
SEBI prohibits the imposition of entry loads on mutual funds, ensuring that the entire investment amount is allocated to purchasing units.
Performance-Based Fees
SEBI permits mutual funds to charge higher fees if the scheme outperforms a specified benchmark. This aligns the interests of fund managers with those of investors.
Additional Expenses for Smaller Cities
An additional TER of 0.30% may be charged for investments originating from cities beyond the top 30, encouraging wider mutual fund penetration and financial inclusion.
Innovation
We continuously evolve our platform to stay ahead of market trends and provide you with the best financial solutions available.
Transparency and Disclosures
• All fees and expenses associated with mutual fund investments are clearly disclosed in the Scheme Information Document (SID) and on the respective AMC websites.
• Investors are encouraged to review these documents to understand the impact of fees on their returns.
Types of Commissions
Trail Commission
A recurring commission received throughout the investment tenure. It is calculated as a percentage of your assets under management (AUM) and varies across AMCs and scheme categories.
Commission Rates
Here’s a list of mutual fund companies we work with and the range of trail commission rates we earn from them:
Jayesh Aparnathi
AMC Name | Index Funds | Equity Funds | Hybrid Funds | Debt Funds |
SBI Funds Management Limited | 0.15% – 0.50% | 0.15% – 1.34% | 0.59% – 1.14% | 0.05% – 0.80% |
Aditya Birla Sun Life AMC Limited | 0.10% – 0.40% | 0.75% – 1.00% | 0.35% – 0.65% | 0.05% – 0.60% |
Axis Asset Management Co. Ltd. | 0.05% – 1.00% | 0.75% – 1.35% | 0.68% – 1.45% | 0.02% – 1.05% |
Bajaj Finserv Asset Management Limited | – | 1.20% – 1.60% | 0.50% – 1.30% | 0.05% – 0.50% |
Franklin Templeton Asset Management (India) Private Limited | – | 0.10% – 0.80% | 0.45% – 0.70% | 0.05% – 0.40% |
HDFC Asset Management Company Limited | 0.15% – 0.90% | 0.65% – 1.20% | 0.50% – 1.00% | 0.10% – 0.80% |
HSBC Asset Management (India) Private Ltd. | – | 0.25% – 0.80% | 0.60% – 0.80% | 0.05% – 0.60% |
ICICI Prudential Asset Management Company Limited | 0.10% – 1.00% | 0.45% – 1.15% | 0.35% – 0.75% | 0.05% – 0.65% |
Kotak Mahindra Asset Management Company Limited. | 0.15% – 0.55% | 0.70% – 1.30% | 0.30% – 0.90% | 0.03% – 0.85% |
Nippon Life India Asset Management Limited | 0.15% – 0.90% | 0.50% – 1.40% | 0.60% – 1.20% | 0.05% – 1.05% |
PPFAS Asset Management Pvt. Ltd. | – | 0.70% – 1.10% | 0.30% – 0.35% | 0.10% |
Quant Money Managers Limited | – | 0.40% – 1.20% | 0.75% – 0.85% | 0.05% – 0.90% |
Tata Asset Management Limited | 0.20% – 0.50% | 0.85% – 1.20% | 0.45% – 0.95% | 0.05% – 0.60% |
UTI Asset Mgmt. Co. Ltd. | 0.10% – 0.50% | 0.90% – 1.45% | 0.45% – 1.30% | 0.05% – 1.00% |
Samco Asset Management Private Limited | – | 1.00% – 1.20% | 0.40% – 1.20% | 0.20% |
Trust Asset Management Private Limited | – | 1.45% – 1.70% | – | 0.05% – 0.50% |
JM Financial Asset Management Limited | – | 0.85% – 1.10% | 0.60% – 1.10% | 0.05% – 0.60% |
Helios Capital Asset Management (India) Pvt. Ltd. | – | 0.90% – 1.10% | 1.10% | 0.05% |
Sundaram Asset Management Company Ltd | – | 1.05% – 1.35% | 0.75% – 1.35% | 0.10% – 1.25% |
Motilal Oswal Asset Management Company Limited | 0.35% – 0.80% | 0.10% – 1.10% | 0.90% – 1.05% | 0.15% – 0.60% |
Invesco Asset Management (India) Private Limited | – | 0.55% – 0.90% | 0.75% – 0.90% | 0.05% – 0.75% |
360 ONE Asset Management Limited | – | 0.25% – 0.90% | 0.25% – 0.80% | 0.05% – 0.25% |
LIC Mutual Fund Asset Management Limited | 0.10% – 0.25% | 0.15% – 0.90% | 0.30% – 0.80% | 0.05% – 0.65% |
DSP Asset Managers Private Limited | 0.25% – 0.70% | 0.05% – 1.20% | 0.70% – 1.10% | 0.05% – 0.65% |
Mahindra Manulife Investment Management Pvt Ltd | – | 0.60% – 1.10% | 0.50% – 1.10% | 0.05% – 0.70% |
Bandhan AMC Limited | 0.20% – 0.40% | 0.40% – 0.90% | 0.40% – 0.85% | 0.05% – 0.70% |
Baroda BNP Paribas Asset Management India Private Limited | 0.40% – 0.60% | 0.90% – 1.65% | 0.70% – 1.70% | 0.05% – 1.05% |
Canara Robeco Asset Management Company Limited | – | 0.85% – 1.25% | 0.95% – 1.25% | 0.01% – 1.10% |
Edelweiss Asset Management Limited | 0.40% – 0.65% | 1.10% – 1.65% | 0.35% – 1.30% | 0.05% – 0.70% |
Mirae Asset Investment Managers (India) Pvt. Ltd | 0.05% – 0.50% | 0.10% – 1.15% | 0.10% – 1.20% | 0.05% – 0.65% |
WhiteOak Capital Asset Management Limited | – | 0.85% – 1.30% | 0.90% – 1.15% | 0.10% – 0.50% |
PGIM India Asset Management Private Limited | – | 0.50% – 0.90% | 0.35% – 0.80% | 0.05% – 0.60% |
Bank of India Investment Managers Private Limited | – | 1.25% – 1.60% | 0.45% – 1.60% | 0.02% – 0.50% |
Union Asset Management Company Private Limited | – | 1.00% – 1.55% | 0.70% – 1.50% | 0.10% – 0.85% |
AMC Name | Index Funds | Equity Funds | Hybrid Funds | Debt Funds |
Aditya Birla Sun Life AMC Limited | 0.10% – 0.40% | 0.75% – 1.00% | 0.35% – 0.65% | 0.05% – 0.60% |
Axis Asset Management Co. Ltd. | 0.05% – 1.00% | 0.75% – 1.35% | 0.68% – 1.45% | 0.02% – 1.05% |
Bajaj Finserv Asset Management Limited | – | 1.20% – 1.60% | 0.50% – 1.30% | 0.05% – 0.50% |
Franklin Templeton Asset Management (India) Private Limited | – | 0.10% – 0.80% | 0.45% – 0.70% | 0.05% – 0.40% |
HDFC Asset Management Company Limited | 0.15% – 0.90% | 0.65% – 1.20% | 0.50% – 1.00% | 0.10% – 0.80% |
HSBC Asset Management (India) Private Ltd. | – | 0.25% – 0.80% | 0.60% – 0.80% | 0.05% – 0.60% |
ICICI Prudential Asset Management Company Limited | 0.10% – 1.00% | 0.45% – 1.15% | 0.35% – 0.75% | 0.05% – 0.65% |
Kotak Mahindra Asset Management Company Limited. | 0.15% – 0.55% | 0.70% – 1.30% | 0.30% – 0.90% | 0.03% – 0.85% |
Nippon Life India Asset Management Limited | 0.15% – 0.90% | 0.50% – 1.40% | 0.60% – 1.20% | 0.05% – 1.05% |
PPFAS Asset Management Pvt. Ltd. | – | 0.70% – 1.10% | 0.30% – 0.35% | 0.10% |
Quant Money Managers Limited | – | 0.40% – 1.20% | 0.75% – 0.85% | 0.05% – 0.90% |
Tata Asset Management Limited | 0.20% – 0.50% | 0.85% – 1.20% | 0.45% – 0.95% | 0.05% – 0.60% |
UTI Asset Mgmt. Co. Ltd. | 0.10% – 0.50% | 0.90% – 1.45% | 0.45% – 1.30% | 0.05% – 1.00% |
Samco Asset Management Private Limited | – | 1.00% – 1.20% | 0.40% – 1.20% | 0.20% |
Trust Asset Management Private Limited | – | 1.45% – 1.70% | – | 0.05% – 0.50% |
JM Financial Asset Management Limited | – | 0.85% – 1.10% | 0.60% – 1.10% | 0.05% – 0.60% |
Helios Capital Asset Management (India) Pvt. Ltd. | – | 0.90% – 1.10% | 1.10% | 0.05% |
Sundaram Asset Management Company Ltd | – | 1.05% – 1.35% | 0.75% – 1.35% | 0.10% – 1.25% |
Motilal Oswal Asset Management Company Limited | 0.35% – 0.80% | 0.10% – 1.10% | 0.90% – 1.05% | 0.15% – 0.60% |
Invesco Asset Management (India) Private Limited | – | 0.55% – 0.90% | 0.75% – 0.90% | 0.05% – 0.75% |
360 ONE Asset Management Limited | – | 0.25% – 0.90% | 0.25% – 0.80% | 0.05% – 0.25% |
LIC Mutual Fund Asset Management Limited | 0.10% – 0.25% | 0.15% – 0.90% | 0.30% – 0.80% | 0.05% – 0.65% |
DSP Asset Managers Private Limited | 0.25% – 0.70% | 0.05% – 1.20% | 0.70% – 1.10% | 0.05% – 0.65% |
Mahindra Manulife Investment Management Pvt Ltd | – | 0.60% – 1.10% | 0.50% – 1.10% | 0.05% – 0.70% |
Bandhan AMC Limited | 0.20% – 0.40% | 0.40% – 0.90% | 0.40% – 0.85% | 0.05% – 0.70% |
Baroda BNP Paribas Asset Management India Private Limited | 0.40% – 0.60% | 0.90% – 1.65% | 0.70% – 1.70% | 0.05% – 1.05% |
Canara Robeco Asset Management Company Limited | – | 0.85% – 1.25% | 0.95% – 1.25% | 0.01% – 1.10% |
Edelweiss Asset Management Limited | 0.40% – 0.65% | 1.10% – 1.65% | 0.35% – 1.30% | 0.05% – 0.70% |
Mirae Asset Investment Managers (India) Pvt. Ltd | 0.05% – 0.50% | 0.10% – 1.15% | 0.10% – 1.20% | 0.05% – 0.65% |
WhiteOak Capital Asset Management Limited | – | 0.85% – 1.30% | 0.90% – 1.15% | 0.10% – 0.50% |
PGIM India Asset Management Private Limited | – | 0.50% – 0.90% | 0.35% – 0.80% | 0.05% – 0.60% |
Bank of India Investment Managers Private Limited | – | 1.25% – 1.60% | 0.45% – 1.60% | 0.02% – 0.50% |
Union Asset Management Company Private Limited | – | 1.00% – 1.55% | 0.70% – 1.50% | 0.10% – 0.85% |
Note: The above figures represent a range of commission rates based on different schemes within the respective AMCs. Exact commission rates for specific schemes are available upon request.
What is Lorem Ipsum
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Benjamin Davis
CEO of BOOST
Our Commitment
We provide regular plans of mutual funds only.
No transaction charges are levied by us.
All investment recommendations are based on your financial goals, risk tolerance, and investment horizon, ensuring unbiased advice despite the commission structure.
Comprehensive disclosure of commission structures is available upon request for complete transparency.
Innovation
We continuously evolve our platform to stay ahead of market trends and provide you with the best financial solutions available.
Legal and Regulatory Compliance
We adhere strictly to the guidelines issued by the Securities and Exchange Board of India (SEBI) and the Association of Mutual Funds in India (AMFI).
“Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.”
Contact us
For queries related to our commission structure or investment services, feel free to reach out to us:
• Email: support@wealthlife.co.in
• Phone: +91 94 99 55 11 55
Mutual fund investment services are provided by “Wealthlife” under Excellus Fintech Private Limited, AMFI-registered Mutual Fund Distributor (ARN-310757).
We are committed to building long-term relationships with our clients based on trust and transparency. Thank you for choosing Wealthlife as your partner in achieving your financial goals.
Last Updated: 30-11-2024
