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Commission Disclosure
Axis Bank is partnered with the following AMCs to provide their schemes to all our customers.
Disclosure norm as per SEBI circular SEBI/IMD/CIR No. 4/168230/09 dated 30th June’2009
The Bank is offered commission for investments made with its ARN code. The brief commission slab is tabulated below. Details of scheme level commission on Mutual Funds are available with the Relationship Managers/Branch on demand.
* Special Incentive ^ Brokerages are subject to claw back Note: Brokerages are applicable for H2FY 2016-17. All Brokerages are subject to service tax.
Axis Bank could also get reimbursements towards promotion and marketing related activities conducted by Axis Bank on behalf of AMCs. These reimbursements are event based and the same may or may not be received from AMCs in a particular period. Further, since such activities may be carried out at AMC level, reimbursement amount received cannot be attributed to any specific scheme being offered by such AMC.
The commission receivable is also subject to claw back as per guidelines set by regulatory, interpreted and laid down by AMCs.
This is on a best effort basis and rates are updated as and when actual rates are received from AMCs.
Note :
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