Commission Disclosure Policy

Disclaimers

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 ETHIX (via the website or ETHIX website), the AMC pays us a trail commission. This commission is a percentage of your invested amount, paid by the AMC from the scheme’s Base Expense Ratio (BER). 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%
Baroda BNP Paribas MF	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 Templeton MF	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%
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 MF	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 MF	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 MF	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 MF	0.55-1.50%	0.10-0.65%	0.40-1.05%	0.15-0.65%	0.03-0.15%
Other 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

ETHIX 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 Base Expense Ratio (BER) of the scheme. The commission does not increase the investor’s cost – it comes from the AMC’s expense ratio.
ETHIX 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.

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

AMFI Registered Mutual Fund Distributor (ARN-66910)
Sole Proprietorship of Mehran Felfeli
MF Distribution Validity: 09-Sept-2008 to 13-Mar-2029
Registered Office: Bizzbay Commercial Complex, Office 151, Off NIBM Road, Pune – 411048, Maharashtra
Email: mehran@ethix.net.in | Website: www.ethix.net.in

Transaction Platform: NSE Invest MF Platform | Backoffice: Investwell
Proprietor: Mehran Felfeli
Grievance Redressal Officer: Mehran Felfeli

Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs. The Firm receives commission from Asset Management Companies / issuers for distribution of Mutual Fund products in Regular Plans, as permitted under SEBI and AMFI regulations. Such commissions may include trail or other permitted forms. No commission or fee is charged directly to investors for Mutual Fund or Mutual Fund distribution. ETHIX makes no warranties or representations, express or implied, on products offered through the platform of ETHIX. We provide incidental advisory services only. For investment advice, please consult a SEBI-registered Investment Adviser. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.