Mutual Funds - Commission Structure · 2018-08-16 · Mutual Funds - Commission Structure August 2018 onwards This document includes details of commissions (up-front and trail) which

Mutual Funds - Commission StructureAugust 2018 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 Sun Life 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.

• IDFC Mutual Fund

• ICICI Prudential Asset Management Company Ltd.

• L&T Mutual Fund

• Tata Mutual Fund

• Invesco Mutual Fund

• Reliance Asset Management Company Ltd.

• Kotak Asset Management Company

Category Scheme Name Trail 1st & 2nd Year Trail 3rd Year onwards B30 Special Upfront Incentive #

ELSS ABSL Tax Relief '96 1.00% 1.00% 1.50%Large Cap ABSL Frontline Equity Fund 1.15% 1.05% 1.50%

Large & Midcap ABSL Equity Advantage Fund (ershtwhile ABSL Advantage Fund) wef 4th June '18

1.15% 1.15% 1.50%

Multicap ABSL Equity Fund 1.15% 1.05% 1.50%Midcap ABSL Midcap Fund 1.15% 1.15% 1.50%

Small Cap ABSL Small Cap Fund (erstwhile ABSL Small And Midcap Fund) wef 21st May '18

1.15% 1.15% 1.50%

Focussed ABSL Focused Equity Fund (erstwhile ABSL Top 100 Fund) wef 21st May '18

1.15% 1.15% 1.50%

Value ABSL Pure Value Fund 1.25% 1.15% 1.50%

Balanced Advantage ABSL Balanced Advantage Fund 1.15% 1.15% 1.50%

Aggressive Hybrid ABSL Equity Hybrid '95 Fund (erstwhile ABSL Balanced '95 Fund) wef 21st May '18

1.15% 1.05% 1.50%

Conservative Hybrid ABSL Regular Savings Fund (erstwhile ABSL MIP Wealth 25 Plan) wef 21st May '18

0.90% 0.90% 1.50%

Equity Savings ABSL Equity Savings Fund 0.90% 0.90% 1.50%Thematic ABSL Manufacturing Equity Fund 1.15% 1.15% 1.50%Thematic ABSL India Gennext Fund 1.15% 1.15% 1.50%Thematic ABSL Intl. Equity Fund Plan A 1.15% 1.15% 1.50%

Thematic ABSL Digital India Fund (erstwhile ABSL New Millennium Fund) wef 21st May '18

1.15% 1.15% 1.50%

Thematic ABSL Intl. Equity Fund Plan B 1.15% 1.15% 1.50%Thematic ABSL MNC Fund 1.25% 1.15% 1.50%

Dividend Yield ABSL Dividend Yield Fund (erstwhile ABSL Dividend Yield Plus) wef 21st May '18

1.15% 1.15% 1.50%

Sectoral ABSL Infrastructure Fund 1.15% 1.15% 1.50%Sectoral ABSL Banking & Financial Services Fund 1.15% 1.15% 1.50%

Arbitrage ABSL Arbitrage Fund (erstwhile ABSL Enhanced Arbitrage Fund) wef 21st May '18

0.50% 0.50% -

FoF ABSL Global Commodities Fund 0.35% 0.35% -FoF ABSL Comm Eq Fund Global Agri Plan 0.50% 0.50% -FoF ABSL Global Real Estate Fund 0.50% 0.50% -FoF ABSL Financial Planning FoF – Aggressive 0.50% 0.50% -FoF ABSL Financial Planning FoF – Conservative 0.50% 0.50% -FoF ABSL Financial Planning FoF – Prudent 0.50% 0.50% -FoF ABSL Active Debt Multi Manager 0.10% 0.10% -FoF ABSL Asset Allocator Multi Manager 0.10% 0.10% -FoF ABSL Gold Fund 0.50% 0.50% -Index ABSL Index Fund 0.25% 0.25% -

Liquid ABSL Liquid Fund (erstwhile ABSL Cash Plus) wef 4th June '18 0.10% 0.10% -

Money Market ABSL Money Manager Fund (erstwhile ABSL Floating Rate Short Term) wef 4th June '18

0.15% 0.15% -

Floater ABSL Floating Rate Fund (ABSL Floating Rate Fund Long Term) wef 4th June '18

0.15% 0.15% -

Ultra Short Duration ABSL Savings Fund 0.15% 0.15% -

Low Duration ABSL Low Duration Fund (erstwhile ABSL Cash Manager) wef 4th June '18

0.50% 0.50% -

Short Duration ABSL Short Term Opportunities Fund 0.60% 0.60% -Dynamic Bond ABSL Dynamic Bond Fund 0.75% 0.75% -Medium Duration ABSL Medium Term Plan 0.75% 0.75% 0.75%

Credit Risk ABSL Credit Risk Fund (erstwhile ABSL Corporate Bond Fund) wef 4th June '18

0.95% 0.95% 1.00%

Corporate Bond ABSL Corporate Bond Fund (erstwhile ABSL Short Term Fund) wef 4th June '18

0.15% 0.15% -

Gilt ABSL Government Securities Fund (erstwhile ABSL Gilt Plus - PF Plan) wef 21st May '18

0.50% 0.50% -

Banking & PSU Debt ABSL Banking & PSU Debt Fund (erstwhile ABSL Treasury Optimizer Plan) wef 4th June '18

0.25% 0.25% -

Medium to Long Term

ABSL Income Fund (erstwhile ABSL Income Plus) wef 4th June '18

0.50% 0.50% -

Structure effective 1st June 2018 till further notice (HSBC) Total Brokerage (%) inclusive of all taxes

EQUITY & HYBRID

DEBT

Birla Sun Life Asset Management Company Ltd.

Category Scheme Name Trail 1st & 2nd Year Trail 3rd Year onwards B30 Special Upfront Incentive #

ELSS ABSL Tax Relief '96 1.00% 1.00% 1.50%Large Cap ABSL Frontline Equity Fund 1.15% 1.05% 1.50%

Large & Midcap ABSL Equity Advantage Fund (ershtwhile ABSL Advantage Fund) wef 4th June '18

1.15% 1.15% 1.50%

Multicap ABSL Equity Fund 1.15% 1.05% 1.50%Midcap ABSL Midcap Fund 1.15% 1.15% 1.50%

Small Cap ABSL Small Cap Fund (erstwhile ABSL Small And Midcap Fund) wef 21st May '18

1.15% 1.15% 1.50%

Focussed ABSL Focused Equity Fund (erstwhile ABSL Top 100 Fund) wef 21st May '18

1.15% 1.15% 1.50%

Value ABSL Pure Value Fund 1.25% 1.15% 1.50%

Balanced Advantage ABSL Balanced Advantage Fund 1.15% 1.15% 1.50%

Aggressive Hybrid ABSL Equity Hybrid '95 Fund (erstwhile ABSL Balanced '95 Fund) wef 21st May '18

1.15% 1.05% 1.50%

Conservative Hybrid ABSL Regular Savings Fund (erstwhile ABSL MIP Wealth 25 Plan) wef 21st May '18

0.90% 0.90% 1.50%

Equity Savings ABSL Equity Savings Fund 0.90% 0.90% 1.50%Thematic ABSL Manufacturing Equity Fund 1.15% 1.15% 1.50%Thematic ABSL India Gennext Fund 1.15% 1.15% 1.50%Thematic ABSL Intl. Equity Fund Plan A 1.15% 1.15% 1.50%

Thematic ABSL Digital India Fund (erstwhile ABSL New Millennium Fund) wef 21st May '18

1.15% 1.15% 1.50%

Thematic ABSL Intl. Equity Fund Plan B 1.15% 1.15% 1.50%Thematic ABSL MNC Fund 1.25% 1.15% 1.50%

Dividend Yield ABSL Dividend Yield Fund (erstwhile ABSL Dividend Yield Plus) wef 21st May '18

1.15% 1.15% 1.50%

Sectoral ABSL Infrastructure Fund 1.15% 1.15% 1.50%Sectoral ABSL Banking & Financial Services Fund 1.15% 1.15% 1.50%

Arbitrage ABSL Arbitrage Fund (erstwhile ABSL Enhanced Arbitrage Fund) wef 21st May '18

0.50% 0.50% -

FoF ABSL Global Commodities Fund 0.35% 0.35% -FoF ABSL Comm Eq Fund Global Agri Plan 0.50% 0.50% -FoF ABSL Global Real Estate Fund 0.50% 0.50% -FoF ABSL Financial Planning FoF – Aggressive 0.50% 0.50% -FoF ABSL Financial Planning FoF – Conservative 0.50% 0.50% -FoF ABSL Financial Planning FoF – Prudent 0.50% 0.50% -FoF ABSL Active Debt Multi Manager 0.10% 0.10% -FoF ABSL Asset Allocator Multi Manager 0.10% 0.10% -FoF ABSL Gold Fund 0.50% 0.50% -Index ABSL Index Fund 0.25% 0.25% -

Liquid ABSL Liquid Fund (erstwhile ABSL Cash Plus) wef 4th June '18 0.10% 0.10% -

Money Market ABSL Money Manager Fund (erstwhile ABSL Floating Rate Short Term) wef 4th June '18

0.15% 0.15% -

Floater ABSL Floating Rate Fund (ABSL Floating Rate Fund Long Term) wef 4th June '18

0.15% 0.15% -

Ultra Short Duration ABSL Savings Fund 0.15% 0.15% -

Low Duration ABSL Low Duration Fund (erstwhile ABSL Cash Manager) wef 4th June '18

0.50% 0.50% -

Short Duration ABSL Short Term Opportunities Fund 0.60% 0.60% -Dynamic Bond ABSL Dynamic Bond Fund 0.75% 0.75% -Medium Duration ABSL Medium Term Plan 0.75% 0.75% 0.75%

Credit Risk ABSL Credit Risk Fund (erstwhile ABSL Corporate Bond Fund) wef 4th June '18

0.95% 0.95% 1.00%

Corporate Bond ABSL Corporate Bond Fund (erstwhile ABSL Short Term Fund) wef 4th June '18

0.15% 0.15% -

Gilt ABSL Government Securities Fund (erstwhile ABSL Gilt Plus - PF Plan) wef 21st May '18

0.50% 0.50% -

Banking & PSU Debt ABSL Banking & PSU Debt Fund (erstwhile ABSL Treasury Optimizer Plan) wef 4th June '18

0.25% 0.25% -

Medium to Long Term

ABSL Income Fund (erstwhile ABSL Income Plus) wef 4th June '18

0.50% 0.50% -

Structure effective 1st June 2018 till further notice (HSBC) Total Brokerage (%) inclusive of all taxes

EQUITY & HYBRID

DEBT

FoF ListScheme Mergers Merging Scheme(s) Surviving Scheme(s) E ec ve Date

ABSL Tax Savings Fund ABSL Tax Relief '96 21st May '18ABSL India ReformsFund

ABSL InfrastructureFund

21st May '18

ABSL Special Situa onsFund

ABSL Equity Fund 21st May '18

ABSL MIP - Savings 5 Fund;ABSL Monthly Income; ABSL MIP ABSL MIP - Wealth 25 Fund

4th June '18

ABSL India Opportuni es Fund ABSL New Millennium Fund

4th June '18

ABSL Banking & PSU Debt Fund ABSL Savings Fund 4th June '18

ABSL 10 year Constant Maturity Gilt Fund ABSL Gilt Plus - PF Plan

4th June '18

Load Structure *Claw back_ Upfront #Claw back_B30 Special Incen ve #T30 & B30 Loca ons

Adl Upfront

Terms and condi ons

Aditya Birla Sun Life Asset Management Company Ltd. reserves the right to change /modify/discon nue/ withhold the rates and slabs men oned at its sole discre on without any prior in ma on or no ca on or in case of Regulatory Changes / Change in Industry prac ces 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 de ned in the structure would be applicable for lump sum as well as SIP, STP & CSIP investments.

Total Distributor Commission/ Brokerage /Incen ve shall be the aggregate of Upfront Commission, Trail Commission and Marke ng Support Expenses as expressed in basis points at transac on level.

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 respec ve scheme will be charged and brokerage to be paid as applicable . For Investments and Switches into Direct Plan, Brokerage would not be paid

Mutual Fund Investments are subject to market risks. Please read o er document / SID carefully before inves ng. For scheme speci c risk factors please refer to the respec ve o er documents. Please refer OD / SID / KIM / FactSheet / Addendums for updated details.

ABSL Financial Planning FoF – Aggressive, ABSL Financial Planning FoF – Conserva ve, ABSL Financial Planning FoF – Prudent & ABSL Gold Fund

Please refer OD / SID / KIM / FactSheet / Addendums for updated details.Subject to propor onate claw back in case investment is redeemed / Systema cally Transferred /Switched out within the applicable claw back period of each scheme men oned in the above table. The clawback clause can be changed /modi ed/discon nued/ withholding by the ABSLMF at In case the investment is redeemed / Systema cally Transferred /Switched out to another scheme / Switched out to the Direct Plan within 12 months of investment, B30 Incen ve will be completely recovered / clawed back from the future brokerage payments.This applies even for the exit

As per AMFI guidelines

This bene t is payable on all transac on including Lumpsum/SIP/STP

Refer a ached Notes and T&C for more details Notes

The commission rates are inclusive of all taxes, levies, statutory dues and Goods & Services tax (GST). The brokerage strucure men oned herein is solely payable to AMFI cer ed & KYD complied distributors. This brokerage structure is applicable only to distributors of Aditya Birla Sun Life Asset Management Co Ltd and can be changed / withholding by the AMC as its sole discre on without any prior in ma on or no ca on. All distributors should abide by the code of conduct and rules/regula ons laid down by SEBI & AMFI. The AMC will take disciplinary ac on against any distrubutor who is found viola ng these regula ons / code of conduct. Distributors shall comply with SEBI circular dated June 26, 2002 on code of conduct & SEBI regula ons from me to me, including SEBI circular, dated June 30, 2009 with respect to disclosures to be made by distributors to

FoF ListScheme Mergers Merging Scheme(s) Surviving Scheme(s) E ec ve Date

ABSL Tax Savings Fund ABSL Tax Relief '96 21st May '18ABSL India ReformsFund

ABSL InfrastructureFund

21st May '18

ABSL Special Situa onsFund

ABSL Equity Fund 21st May '18

ABSL MIP - Savings 5 Fund;ABSL Monthly Income; ABSL MIP ABSL MIP - Wealth 25 Fund

4th June '18

ABSL India Opportuni es Fund ABSL New Millennium Fund

4th June '18

ABSL Banking & PSU Debt Fund ABSL Savings Fund 4th June '18

ABSL 10 year Constant Maturity Gilt Fund ABSL Gilt Plus - PF Plan

4th June '18

Load Structure *Claw back_ Upfront #Claw back_B30 Special Incen ve #T30 & B30 Loca ons

Adl Upfront

Terms and condi ons

Aditya Birla Sun Life Asset Management Company Ltd. reserves the right to change /modify/discon nue/ withhold the rates and slabs men oned at its sole discre on without any prior in ma on or no ca on or in case of Regulatory Changes / Change in Industry prac ces 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 de ned in the structure would be applicable for lump sum as well as SIP, STP & CSIP investments.

Total Distributor Commission/ Brokerage /Incen ve shall be the aggregate of Upfront Commission, Trail Commission and Marke ng Support Expenses as expressed in basis points at transac on level.

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 respec ve scheme will be charged and brokerage to be paid as applicable . For Investments and Switches into Direct Plan, Brokerage would not be paid

Mutual Fund Investments are subject to market risks. Please read o er document / SID carefully before inves ng. For scheme speci c risk factors please refer to the respec ve o er documents. Please refer OD / SID / KIM / FactSheet / Addendums for updated details.

ABSL Financial Planning FoF – Aggressive, ABSL Financial Planning FoF – Conserva ve, ABSL Financial Planning FoF – Prudent & ABSL Gold Fund

Please refer OD / SID / KIM / FactSheet / Addendums for updated details.Subject to propor onate claw back in case investment is redeemed / Systema cally Transferred /Switched out within the applicable claw back period of each scheme men oned in the above table. The clawback clause can be changed /modi ed/discon nued/ withholding by the ABSLMF at In case the investment is redeemed / Systema cally Transferred /Switched out to another scheme / Switched out to the Direct Plan within 12 months of investment, B30 Incen ve will be completely recovered / clawed back from the future brokerage payments.This applies even for the exit

As per AMFI guidelines

This bene t is payable on all transac on including Lumpsum/SIP/STP

Refer a ached Notes and T&C for more details Notes

The commission rates are inclusive of all taxes, levies, statutory dues and Goods & Services tax (GST). The brokerage strucure men oned herein is solely payable to AMFI cer ed & KYD complied distributors. This brokerage structure is applicable only to distributors of Aditya Birla Sun Life Asset Management Co Ltd and can be changed / withholding by the AMC as its sole discre on without any prior in ma on or no ca on. All distributors should abide by the code of conduct and rules/regula ons laid down by SEBI & AMFI. The AMC will take disciplinary ac on against any distrubutor who is found viola ng these regula ons / code of conduct. Distributors shall comply with SEBI circular dated June 26, 2002 on code of conduct & SEBI regula ons from me to me, including SEBI circular, dated June 30, 2009 with respect to disclosures to be made by distributors to

1 Franklin India Equity Fund (Franklin India Prima Plus) Multi Cap Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%2 Franklin India Equity Advantage Fund (Franklin India Flexi Cap Fund) Large and Mid Cap 1% upto 1 year 0.00% 1.05% 1.05% 2.00% 3.05%3 Franklin India Bluechip Fund Large Cap Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%4 Franklin India Prima Fund Mid Cap Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%5 Franklin India Smaller Companies Fund Small Cap Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%6 Franklin India Focused Equity Fund (Franklin India High Growth Companies Fund) Focused Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%7 Templeton India Value Fund (Templeton India Growth Fund) Value Fund 1% upto 1 year 0.00% 1.25% 1.25% 2.00% 3.25%8 Templeton India Equity Income Fund Dividend Yield Fund 1% upto 1 year 0.00% 1.10% 1.10% 2.00% 3.10%9 Franklin India Taxshield {Section 80 C Fund} ELSS NIL 0.00% 0.95% 0.95% 2.00% 2.95%

10 Franklin Build India Fund Thematic - Infrastructure 1% upto 1 year 0.00% 1.10% 1.10% 2.00% 3.10%11 Franklin India Opportunities Fund Thematic - Special Situations 1% upto 1 year 0.00% 1.25% 1.25% 2.00% 3.25%12 Franklin India Technology Fund Thematic - Technology 1% upto 1 year 0.00% 1.30% 1.30% 2.00% 3.30%13 Franklin Asian Equity Fund Thematic - Asian Equity 1% upto 3 years 0.00% 1.30% 1.30% 2.00% 3.30%14 Franklin India Feeder - Franklin US Opportunities Fund FOF - Overseas - U.S. 1% upto 3 years 0.00% 1.40% 1.40% 2.00% 3.40%15 Franklin India Feeder - Franklin European Growth Fund FOF - Overseas - Europe 1% upto 3 years 0.00% 1.35% 1.35% 2.00% 3.35%16 Franklin India Index Fund - NSE Nifty Plan Index - Nifty 1% for 30 days 0.00% 0.50% 0.50% 0.00% 0.50%

1 Franklin India Equity Hybrid Fund (Franklin India Balanced Fund) Aggressive Hybrid Fund 1% upto 1 year 0.00% 1.10% 1.10% 2.00% 3.10%2 Franklin India Pension Plan {Section 80 C Fund} Retirement Fund Refer Foot Note 1 0.00% 1.15% 1.15% 0.00% 1.15%3 Franklin India Debt Hybrid Fund (Franklin India Monthly Income Plan) Conservative Hybrid Fund 1% upto 1 year 0.00% 1.20% 1.20% 0.00% 1.20%4 Franklin India Dynamic PE Ratio Fund of Funds FOF - Domestic 1% upto 1 year 0.00% 1.40% 1.40% 2.00% 3.40%5 Franklin India Multi Asset Solution Fund FOF - Domestic 1% upto 3 years 0.00% 1.40% 1.40% 2.00% 3.40%6 Franklin India Life Stage Fund of Funds - 20s Plan FOF - Domestic 1% upto 1 year 0.00% 1.15% 1.15% 0.00% 1.15%7 Franklin India Life Stage Fund of Funds - 30s Plan FOF - Domestic 0.75% upto 1 year 0.00% 1.15% 1.15% 0.00% 1.15%8 Franklin India Life Stage Fund of Funds - 40s Plan FOF - Domestic 0.75% upto 1 year 0.00% 1.15% 1.15% 0.00% 1.15%9 Franklin India Life Stage Fund of Funds - 50s Plus Plan FOF - Domestic 1% upto 1 year 0.00% 1.15% 1.15% 0.00% 1.15%

10 Franklin India Life Stage Fund of Funds - 50s Plus Floating Rate Plan FOF - Domestic 1% upto 1 year 0.00% 0.40% 0.40% 0.00% 0.40%

1 Franklin India Liquid Fund (Franklin India Treasury Management Account) Liquid Fund NIL 0.00% 0.05% 0.05% 0.00% 0.05%2 Franklin India Ultra Short Bond Fund Ultra Short Duration Fund NIL 0.00% 0.15% 0.15% 0.00% 0.15%3 Franklin India Savings Fund (Franklin India Savings Plus Fund) Money Market Fund NIL 0.00% 0.15% 0.15% 0.00% 0.15%4 Franklin India Floating Rate Fund (Franklin India Cash Management Account) Floater Fund NIL 0.00% 0.50% 0.50% 0.00% 0.50%5 Franklin India Banking and PSU Debt Fund Banking and PSU Fund NIL 0.00% 0.30% 0.30% 0.00% 0.30%6 Franklin India Government Securities Fund Gilt Fund NIL 0.00% 0.90% 0.90% 0.00% 0.90%7 Franklin India Corporate Debt Fund (Franklin India Income Builder Account) Corporate Bond Fund NIL 0.00% 0.45% 0.45% 0.00% 0.45%8 Franklin India Low Duration Fund Low Duration Fund 0.50% upto 3 months 0.00% 0.40% 0.40% 0.00% 0.40%9 Franklin India Short Term Income Plan Short Duration Fund 0.50% upto 1 year 0.00% 0.85% 0.85% 0.00% 0.85%

10 Franklin India Income Opportunities Fund Medium Duration Fund Refer Foot Note 2 0.00% 0.90% 0.90% 0.00% 0.90%11 Franklin India Credit Risk Fund (Franklin India Corporate Bond Opportunities Fund) Credit Risk Fund Refer Foot Note 3 0.00% 0.90% 0.90% 0.00% 0.90%12 Franklin India Dynamic Accrual Fund Dynamic Bond Refer Foot Note 4 0.00% 0.90% 0.90% 0.00% 0.90%

ARN: HSBCQN,HSBCCIS,ARN-0022,HSBCWEB

Year 1 Trail p.a. onwards

Equity Funds

Hybrid Funds

Fixed Income Funds

The Commission rates mentioned below are for the business to be mobilized during the period 01-Aug-2018 to 31-Aug-2018.

Distributor Remuneration Structure

Scheme Name (Old Name, where applicable) Category Exit Load

Applicable for T-30 & B-30

Total T-30 payout in Year 1

Additional Upfront for B-30

Total B-30 payout in Year 1Upfront

Franklin Templeton Asset Management Company Ltd.

1 Franklin India Equity Fund (Franklin India Prima Plus) Multi Cap Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%2 Franklin India Equity Advantage Fund (Franklin India Flexi Cap Fund) Large and Mid Cap 1% upto 1 year 0.00% 1.05% 1.05% 2.00% 3.05%3 Franklin India Bluechip Fund Large Cap Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%4 Franklin India Prima Fund Mid Cap Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%5 Franklin India Smaller Companies Fund Small Cap Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%6 Franklin India Focused Equity Fund (Franklin India High Growth Companies Fund) Focused Fund 1% upto 1 year 0.00% 1.00% 1.00% 2.00% 3.00%7 Templeton India Value Fund (Templeton India Growth Fund) Value Fund 1% upto 1 year 0.00% 1.25% 1.25% 2.00% 3.25%8 Templeton India Equity Income Fund Dividend Yield Fund 1% upto 1 year 0.00% 1.10% 1.10% 2.00% 3.10%9 Franklin India Taxshield {Section 80 C Fund} ELSS NIL 0.00% 0.95% 0.95% 2.00% 2.95%

10 Franklin Build India Fund Thematic - Infrastructure 1% upto 1 year 0.00% 1.10% 1.10% 2.00% 3.10%11 Franklin India Opportunities Fund Thematic - Special Situations 1% upto 1 year 0.00% 1.25% 1.25% 2.00% 3.25%12 Franklin India Technology Fund Thematic - Technology 1% upto 1 year 0.00% 1.30% 1.30% 2.00% 3.30%13 Franklin Asian Equity Fund Thematic - Asian Equity 1% upto 3 years 0.00% 1.30% 1.30% 2.00% 3.30%14 Franklin India Feeder - Franklin US Opportunities Fund FOF - Overseas - U.S. 1% upto 3 years 0.00% 1.40% 1.40% 2.00% 3.40%15 Franklin India Feeder - Franklin European Growth Fund FOF - Overseas - Europe 1% upto 3 years 0.00% 1.35% 1.35% 2.00% 3.35%16 Franklin India Index Fund - NSE Nifty Plan Index - Nifty 1% for 30 days 0.00% 0.50% 0.50% 0.00% 0.50%

1 Franklin India Equity Hybrid Fund (Franklin India Balanced Fund) Aggressive Hybrid Fund 1% upto 1 year 0.00% 1.10% 1.10% 2.00% 3.10%2 Franklin India Pension Plan {Section 80 C Fund} Retirement Fund Refer Foot Note 1 0.00% 1.15% 1.15% 0.00% 1.15%3 Franklin India Debt Hybrid Fund (Franklin India Monthly Income Plan) Conservative Hybrid Fund 1% upto 1 year 0.00% 1.20% 1.20% 0.00% 1.20%4 Franklin India Dynamic PE Ratio Fund of Funds FOF - Domestic 1% upto 1 year 0.00% 1.40% 1.40% 2.00% 3.40%5 Franklin India Multi Asset Solution Fund FOF - Domestic 1% upto 3 years 0.00% 1.40% 1.40% 2.00% 3.40%6 Franklin India Life Stage Fund of Funds - 20s Plan FOF - Domestic 1% upto 1 year 0.00% 1.15% 1.15% 0.00% 1.15%7 Franklin India Life Stage Fund of Funds - 30s Plan FOF - Domestic 0.75% upto 1 year 0.00% 1.15% 1.15% 0.00% 1.15%8 Franklin India Life Stage Fund of Funds - 40s Plan FOF - Domestic 0.75% upto 1 year 0.00% 1.15% 1.15% 0.00% 1.15%9 Franklin India Life Stage Fund of Funds - 50s Plus Plan FOF - Domestic 1% upto 1 year 0.00% 1.15% 1.15% 0.00% 1.15%

10 Franklin India Life Stage Fund of Funds - 50s Plus Floating Rate Plan FOF - Domestic 1% upto 1 year 0.00% 0.40% 0.40% 0.00% 0.40%

1 Franklin India Liquid Fund (Franklin India Treasury Management Account) Liquid Fund NIL 0.00% 0.05% 0.05% 0.00% 0.05%2 Franklin India Ultra Short Bond Fund Ultra Short Duration Fund NIL 0.00% 0.15% 0.15% 0.00% 0.15%3 Franklin India Savings Fund (Franklin India Savings Plus Fund) Money Market Fund NIL 0.00% 0.15% 0.15% 0.00% 0.15%4 Franklin India Floating Rate Fund (Franklin India Cash Management Account) Floater Fund NIL 0.00% 0.50% 0.50% 0.00% 0.50%5 Franklin India Banking and PSU Debt Fund Banking and PSU Fund NIL 0.00% 0.30% 0.30% 0.00% 0.30%6 Franklin India Government Securities Fund Gilt Fund NIL 0.00% 0.90% 0.90% 0.00% 0.90%7 Franklin India Corporate Debt Fund (Franklin India Income Builder Account) Corporate Bond Fund NIL 0.00% 0.45% 0.45% 0.00% 0.45%8 Franklin India Low Duration Fund Low Duration Fund 0.50% upto 3 months 0.00% 0.40% 0.40% 0.00% 0.40%9 Franklin India Short Term Income Plan Short Duration Fund 0.50% upto 1 year 0.00% 0.85% 0.85% 0.00% 0.85%

10 Franklin India Income Opportunities Fund Medium Duration Fund Refer Foot Note 2 0.00% 0.90% 0.90% 0.00% 0.90%11 Franklin India Credit Risk Fund (Franklin India Corporate Bond Opportunities Fund) Credit Risk Fund Refer Foot Note 3 0.00% 0.90% 0.90% 0.00% 0.90%12 Franklin India Dynamic Accrual Fund Dynamic Bond Refer Foot Note 4 0.00% 0.90% 0.90% 0.00% 0.90%

ARN: HSBCQN,HSBCCIS,ARN-0022,HSBCWEB

Year 1 Trail p.a. onwards

Equity Funds

Hybrid Funds

Fixed Income Funds

The Commission rates mentioned below are for the business to be mobilized during the period 01-Aug-2018 to 31-Aug-2018.

Distributor Remuneration Structure

Scheme Name (Old Name, where applicable) Category Exit Load

Applicable for T-30 & B-30

Total T-30 payout in Year 1

Additional Upfront for B-30

Total B-30 payout in Year 1Upfront

F. Important Definitions :

“Distribution Remuneration Structure” 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 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 .

5. The payment of Commission shall depend on the documentation completion status as per the empanelment form.6. 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 7. 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.

“Commission” 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 Commission includes upfront and trail commission as explained in the AMFI Best Practice Circular and the modification thereto from time to time.

4. 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

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.(iv) For Additional Brokerage Structure applicable for investments Beyond Top 30 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.2. In case of any upfront commission paid for Franklin India Government Securities Fund the recovery period shall be one year3. 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 Goods and Service Tax (GST) at applicable rates, if any. As per the GST law effective in India from 1st July 2017, distributors whose turnover in a financial year exceeds the 2. 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 “Clearance Certificate” from the previous Distributor. Please contact your Franklin Templeton Relationship Manager for further details.3. 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.

For example :

3. 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.4. The MIS based computation of commission by FTMF’s Registrar and Transfer Agent will be considered to be final.

Terms & Conditions : -A. Applicability of T-30 and B-30 Cities for payment of Commission:1. The T-30 and B-30 cities will be as per the PIN code list of cities provided by AMFI from time to time. This list shall be subject to the periodic announcements made by AMFI in this regard.2. Non Residential Indian (NRI) & other eligible Foreign Investor investments business shall also be considered as T-30 business. Additional upfront / trail commission offered on investments from B-30 cities will not be applicable to investments from T30 cities, NRIs and Foreign Institutional Investors.

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 (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).

2. This Distribution Remuneration Structure is applicable only to Distributors empaneled with FTAMIL.

Foot Notes:

#1. 3% if redeemed before age of 58 years, ( subject to lock in period & target amount). NIL after the age of 58 years.

#2. 3% - if redeemed on or before 12 months from the date of allotment, 2% - if redeemed after 12 months but within 18 months from the date of allotment, 1% - if redeemed after 18 months but within 24 months from the date of allotment

#3. 3% - if redeemed on or before 12 months from the date of allotment, 2% - if redeemed after 12 months but within 24 months from the date of allotment, 1% - if redeemed after 24 months but within 36 months from the date of allotment

#4. 3% - if redeemed on or before 12 months from the date of allotment, 2% - if redeemed after 12 months but within 24 months from the date of allotment, 1% - if redeemed after 24 months but within 36 months from the date of allotment, 0.50% - if redeemed after 36 months but within 48 months from the date of allotment

Note :-1. 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.

Category Scheme Name Trail 1st & 2nd Year Trail 3rd Year onwards B30 Special Upfront Incentive #

ELSS ABSL Tax Relief '96 1.00% 1.00% 1.50%Large Cap ABSL Frontline Equity Fund 1.15% 1.05% 1.50%

Large & Midcap ABSL Equity Advantage Fund (ershtwhile ABSL Advantage Fund) wef 4th June '18

1.15% 1.15% 1.50%

Multicap ABSL Equity Fund 1.15% 1.05% 1.50%Midcap ABSL Midcap Fund 1.15% 1.15% 1.50%

Small Cap ABSL Small Cap Fund (erstwhile ABSL Small And Midcap Fund) wef 21st May '18

1.15% 1.15% 1.50%

Focussed ABSL Focused Equity Fund (erstwhile ABSL Top 100 Fund) wef 21st May '18

1.15% 1.15% 1.50%

Value ABSL Pure Value Fund 1.25% 1.15% 1.50%

Balanced Advantage ABSL Balanced Advantage Fund 1.15% 1.15% 1.50%

Aggressive Hybrid ABSL Equity Hybrid '95 Fund (erstwhile ABSL Balanced '95 Fund) wef 21st May '18

1.15% 1.05% 1.50%

Conservative Hybrid ABSL Regular Savings Fund (erstwhile ABSL MIP Wealth 25 Plan) wef 21st May '18

0.90% 0.90% 1.50%

Equity Savings ABSL Equity Savings Fund 0.90% 0.90% 1.50%Thematic ABSL Manufacturing Equity Fund 1.15% 1.15% 1.50%Thematic ABSL India Gennext Fund 1.15% 1.15% 1.50%Thematic ABSL Intl. Equity Fund Plan A 1.15% 1.15% 1.50%

Thematic ABSL Digital India Fund (erstwhile ABSL New Millennium Fund) wef 21st May '18

1.15% 1.15% 1.50%

Thematic ABSL Intl. Equity Fund Plan B 1.15% 1.15% 1.50%Thematic ABSL MNC Fund 1.25% 1.15% 1.50%

Dividend Yield ABSL Dividend Yield Fund (erstwhile ABSL Dividend Yield Plus) wef 21st May '18

1.15% 1.15% 1.50%

Sectoral ABSL Infrastructure Fund 1.15% 1.15% 1.50%Sectoral ABSL Banking & Financial Services Fund 1.15% 1.15% 1.50%

Arbitrage ABSL Arbitrage Fund (erstwhile ABSL Enhanced Arbitrage Fund) wef 21st May '18

0.50% 0.50% -

FoF ABSL Global Commodities Fund 0.35% 0.35% -FoF ABSL Comm Eq Fund Global Agri Plan 0.50% 0.50% -FoF ABSL Global Real Estate Fund 0.50% 0.50% -FoF ABSL Financial Planning FoF – Aggressive 0.50% 0.50% -FoF ABSL Financial Planning FoF – Conservative 0.50% 0.50% -FoF ABSL Financial Planning FoF – Prudent 0.50% 0.50% -FoF ABSL Active Debt Multi Manager 0.10% 0.10% -FoF ABSL Asset Allocator Multi Manager 0.10% 0.10% -FoF ABSL Gold Fund 0.50% 0.50% -Index ABSL Index Fund 0.25% 0.25% -

Liquid ABSL Liquid Fund (erstwhile ABSL Cash Plus) wef 4th June '18 0.10% 0.10% -

Money Market ABSL Money Manager Fund (erstwhile ABSL Floating Rate Short Term) wef 4th June '18

0.15% 0.15% -

Floater ABSL Floating Rate Fund (ABSL Floating Rate Fund Long Term) wef 4th June '18

0.15% 0.15% -

Ultra Short Duration ABSL Savings Fund 0.15% 0.15% -

Low Duration ABSL Low Duration Fund (erstwhile ABSL Cash Manager) wef 4th June '18

0.50% 0.50% -

Short Duration ABSL Short Term Opportunities Fund 0.60% 0.60% -Dynamic Bond ABSL Dynamic Bond Fund 0.75% 0.75% -Medium Duration ABSL Medium Term Plan 0.75% 0.75% 0.75%

Credit Risk ABSL Credit Risk Fund (erstwhile ABSL Corporate Bond Fund) wef 4th June '18

0.95% 0.95% 1.00%

Corporate Bond ABSL Corporate Bond Fund (erstwhile ABSL Short Term Fund) wef 4th June '18

0.15% 0.15% -

Gilt ABSL Government Securities Fund (erstwhile ABSL Gilt Plus - PF Plan) wef 21st May '18

0.50% 0.50% -

Banking & PSU Debt ABSL Banking & PSU Debt Fund (erstwhile ABSL Treasury Optimizer Plan) wef 4th June '18

0.25% 0.25% -

Medium to Long Term

ABSL Income Fund (erstwhile ABSL Income Plus) wef 4th June '18

0.50% 0.50% -

Structure effective 1st June 2018 till further notice (HSBC) Total Brokerage (%) inclusive of all taxes

EQUITY & HYBRID

DEBT

Name of AMC: HDFC Asset Management Company Limited

Name of Mutual Fund: HDFC Mutual Fund

B - 30 Cities: As per AMFI

Validity Period: July 2018 to September 2018

ARN-0022 Hongkong & Shanghai Banking Corporation Ltd

Category Scheme Name Exit Load Period

Clawback Period

Trail paid in Advance (@)

1 yr (A)

Trail Yr1 - APM

(p.a) (B)

Total (A+B) for

T30 & B30

Trail Yr 2 & 3 (p.a)

Trail 4th yr

onwards

Additional Payout – B-30 Cities #

Total B30 Payout in 1st Year#

T-30 B-30

Multi Cap Fund HDFC Equity Fund 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%Mid Cap Fund HDFC Mid Cap Opportunities Fund 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%Large Cap Fund HDFC Top 100 Fund 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%Value Fund HDFC Capital Builder Value Fund 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%Focused Fund HDFC Focused 30 Fund 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%Equity Savings Fund HDFC Equity Savings Fund 12 Months 12 Months 0.00% 0.85% 0.85% 0.85% 0.85% 0.00% 0.85% 2.55% 2.55%Sectoral / Thematic Fund HDFC Infrastructure Fund 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%Large & Mid Cap Fund HDFC Growth Opportunities Fund 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%Small Cap Fund HDFC Small Cap Fund 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%Index HDFC Index Fund - NIFTY 50 Plan 3 Days N.A 0.00% 0.15% 0.15% 0.15% 0.15% 0.00% 0.15% 0.45% 0.45%Index HDFC Index Fund – Sensex Plan 3 Days N.A 0.00% 0.15% 0.15% 0.15% 0.15% 0.00% 0.15% 0.45% 0.45%

Balanced Advantage FundHDFC Balanced Advantage Fund (erstwhile HDFC Prudence Fund and HDFC Growth Fund) 12 Months 12 Months 0.00% 1.05% 1.05% 1.05% 1.05% 1.00% 2.05% 3.15% 4.15%

Aggressive Hybrid FundHDFC Hybrid Equity Fund (erstwhile HDFC Balanced Fund and HDFC Premier Multi-Cap Fund) 12 Months 12 Months 0.00% 0.85% 0.85% 0.85% 0.85% 1.00% 1.85% 2.55% 3.55%

Children’s Fund HDFC Children's Gift Fund $ 5 Years Lock In 12 Months 0.00% 0.80% 0.80% 0.80% 0.80% 1.00% 1.80% 2.40% 3.40%Arbitrage Fund HDFC Arbitrage Fund 1 Month N.A 0.00% 0.40% 0.40% 0.40% 0.40% 0.00% 0.40% 1.20% 1.20%ELSS HDFC Tax Saver Fund (Lock In) 3 Years (Lock In) 12 Months 0.00% 0.90% 0.90% 0.90% 0.90% 1.00% 1.90% 2.70% 3.70%Retirement Fund HDFC Retirement Savings Fund $$ 5 Years Lock In 12 Months 0.00% 0.90% 0.90% 0.90% 0.90% 0.00% 0.90% 2.70% 2.70%Conservative Hybrid Fund HDFC Hybrid Debt Fund 12 Months 12 Months 0.00% 0.75% 0.75% 0.75% 0.75% 1.00% 1.75% 2.25% 3.25%Multi Asset Allocation HDFC Multi-Asset Fund 15 Months 12 Months 0.00% 0.75% 0.75% 0.75% 0.75% 0.00% 0.75% 2.25% 2.25%Medium to Long Duration Fund HDFC Income Fund 1 Month N.A. 0.00% 0.70% 0.70% 0.70% 0.70% 0.50% 1.20% 2.10% 2.60%Dynamic Bond Fund HDFC Dynamic Debt Fund 6 Months 6 Months 0.00% 0.70% 0.70% 0.70% 0.70% 0.00% 0.70% 2.10% 2.10%Medium Duration Fund HDFC Medium Term Debt Fund Nil N.A 0.00% 0.60% 0.60% 0.60% 0.60% 0.00% 0.60% 1.80% 1.80%Short Duration Fund HDFC Short Term Debt Fund Nil N.A 0.00% 0.10% 0.10% 0.10% 0.10% 0.00% 0.10% 0.30% 0.30%Corporate Bond Fund HDFC Corporate Bond Fund Nil N.A 0.00% 0.05% 0.05% 0.05% 0.05% 0.00% 0.05% 0.15% 0.15%Banking and PSU Fund HDFC Banking and PSU Debt Fund Nil N.A 0.00% 0.20% 0.20% 0.20% 0.20% 0.00% 0.20% 0.60% 0.60%Credit Risk Fund HDFC Credit Risk Debt Fund 18 Months 12 Months 0.00% 0.70% 0.70% 0.70% 0.70% 0.00% 0.70% 2.10% 2.10%Gilt Fund HDFC Gilt Fund Nil N.A 0.00% 0.50% 0.50% 0.50% 0.50% 0.00% 0.50% 1.50% 1.50%Liquid Fund HDFC Liquid Fund Nil N.A 0.00% 0.05% 0.05% 0.05% 0.05% 0.00% 0.05% 0.15% 0.15%Money Market Fund HDFC Money Market Fund Nil N.A 0.00% 0.05% 0.05% 0.05% 0.05% 0.00% 0.05% 0.15% 0.15%Overnight Fund HDFC Overnight Fund Nil N.A 0.00% 0.05% 0.05% 0.05% 0.05% 0.00% 0.05% 0.15% 0.15%Floater Fund HDFC Floating Rate Debt Fund Nil N.A 0.00% 0.05% 0.05% 0.05% 0.05% 0.00% 0.05% 0.15% 0.15%Low Duration Fund HDFC Low Duration Fund Nil N.A 0.00% 0.60% 0.60% 0.60% 0.60% 0.00% 0.60% 1.80% 1.80%FOF HDFC Dynamic PE Ratio Fund of Funds 12 Months 12 Months 0.00% 0.75% 0.75% 0.75% 0.75% 0.00% 0.75% 2.25% 2.25%FOF HDFC Gold Fund 12 Months NA 0.00% 0.60% 0.60% 0.60% 0.60% 0.00% 0.60% 1.80% 1.80%

3 Years payout (Lumpsum)

Statement of Commissions Payable to Distributors for July 2018 to September 2018

Brokerage Rate applicable for Lumpsum & SIP Investments T30 & B30 B30

APM - Annualised payable monthly - Subject to revision prospectively

$ Lock-in is from the date of investment till the child attains age of 18 years or at the end of 5 years from date of investment, whichever is earlier

$$ Lock-in is from the date of investment till the retirement age of investor (i.e. completion of 60 years) or at the end of 5 years from date of investment, whichever is earlier

General Terms:

T-30: The classification of cities for T-30 is advised by AMFI and is subject to revision, if any.

@In case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e for the remaining period of exit load) of trail paid in advance/incentive, (if any) paid shall be recovered/clawed back/set off from the future brokerage payments, at AMC’s sole discretion

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

#In case the investment is redeemed within 12 months, the upfront (including additional upfront/trail payable in advance/incentive, if any) brokerage paid shall be recovered/clawed back/set off fully from the future brokerage payments, at AMC’s sole discretion.

any losses incurred due to changes in the brokerage/incentive structure. Any recovery/claw back/proportionate set off etc., of brokerage shall be at the sole discretion of the AMC, and the

Distributors shall not dispute the same

Notes

Refer KIM for minimum application amount

In case of change in Broker/Distributor Code, Trail paid in advance shall be recovered/clawed back/set off proportionately from the future brokerage payments

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.

In respect of all purchases (including switch ins) w.e.f 1st January 2013 from Regular Plan (Distributor Plan) to Direct Plan in any scheme, all upfront commissions (including additional upfront/trail payable in advance/incentive, if any) paid shall be recovered/clawed back/set off fully/proportionately from future brokerage payments.

The commission rates mentioned above shall be inclusive of Goods and Service Tax and other relevant statutory/regulatory levies as applicable.

You are advised to abide by the code of conduct and/or rules/regulations laid down by SEBI and AMFI.

Please refrain from offering brokerage to your sub-brokers, if any, at a rate higher than the brokerage as aforementioned.

The AMC reserves the right to suspend the brokerage payable to you, if brought to our notice that higher brokerage is offered to sub-brokers or you have violated the code of conduct conduct and/or rules/regulations laid down by SEBI and AMFI

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

Brokerage Structures are subject to the terms of empanelment and applicable laws and regulations, including SEBI (Mutual Fund) Regulations, AMFI Regulations, laws relating to Goods and Service Tax, Income Tax, etc.

HDFC Asset Management Company Ltd.

Category Scheme Name Trail 1st & 2nd Year Trail 3rd Year onwards B30 Special Upfront Incentive #

ELSS ABSL Tax Relief '96 1.00% 1.00% 1.50%Large Cap ABSL Frontline Equity Fund 1.15% 1.05% 1.50%

Large & Midcap ABSL Equity Advantage Fund (ershtwhile ABSL Advantage Fund) wef 4th June '18

1.15% 1.15% 1.50%

Multicap ABSL Equity Fund 1.15% 1.05% 1.50%Midcap ABSL Midcap Fund 1.15% 1.15% 1.50%

Small Cap ABSL Small Cap Fund (erstwhile ABSL Small And Midcap Fund) wef 21st May '18

1.15% 1.15% 1.50%

Focussed ABSL Focused Equity Fund (erstwhile ABSL Top 100 Fund) wef 21st May '18

1.15% 1.15% 1.50%

Value ABSL Pure Value Fund 1.25% 1.15% 1.50%

Balanced Advantage ABSL Balanced Advantage Fund 1.15% 1.15% 1.50%

Aggressive Hybrid ABSL Equity Hybrid '95 Fund (erstwhile ABSL Balanced '95 Fund) wef 21st May '18

1.15% 1.05% 1.50%

Conservative Hybrid ABSL Regular Savings Fund (erstwhile ABSL MIP Wealth 25 Plan) wef 21st May '18

0.90% 0.90% 1.50%

Equity Savings ABSL Equity Savings Fund 0.90% 0.90% 1.50%Thematic ABSL Manufacturing Equity Fund 1.15% 1.15% 1.50%Thematic ABSL India Gennext Fund 1.15% 1.15% 1.50%Thematic ABSL Intl. Equity Fund Plan A 1.15% 1.15% 1.50%

Thematic ABSL Digital India Fund (erstwhile ABSL New Millennium Fund) wef 21st May '18

1.15% 1.15% 1.50%

Thematic ABSL Intl. Equity Fund Plan B 1.15% 1.15% 1.50%Thematic ABSL MNC Fund 1.25% 1.15% 1.50%

Dividend Yield ABSL Dividend Yield Fund (erstwhile ABSL Dividend Yield Plus) wef 21st May '18

1.15% 1.15% 1.50%

Sectoral ABSL Infrastructure Fund 1.15% 1.15% 1.50%Sectoral ABSL Banking & Financial Services Fund 1.15% 1.15% 1.50%

Arbitrage ABSL Arbitrage Fund (erstwhile ABSL Enhanced Arbitrage Fund) wef 21st May '18

0.50% 0.50% -

FoF ABSL Global Commodities Fund 0.35% 0.35% -FoF ABSL Comm Eq Fund Global Agri Plan 0.50% 0.50% -FoF ABSL Global Real Estate Fund 0.50% 0.50% -FoF ABSL Financial Planning FoF – Aggressive 0.50% 0.50% -FoF ABSL Financial Planning FoF – Conservative 0.50% 0.50% -FoF ABSL Financial Planning FoF – Prudent 0.50% 0.50% -FoF ABSL Active Debt Multi Manager 0.10% 0.10% -FoF ABSL Asset Allocator Multi Manager 0.10% 0.10% -FoF ABSL Gold Fund 0.50% 0.50% -Index ABSL Index Fund 0.25% 0.25% -

Liquid ABSL Liquid Fund (erstwhile ABSL Cash Plus) wef 4th June '18 0.10% 0.10% -

Money Market ABSL Money Manager Fund (erstwhile ABSL Floating Rate Short Term) wef 4th June '18

0.15% 0.15% -

Floater ABSL Floating Rate Fund (ABSL Floating Rate Fund Long Term) wef 4th June '18

0.15% 0.15% -

Ultra Short Duration ABSL Savings Fund 0.15% 0.15% -

Low Duration ABSL Low Duration Fund (erstwhile ABSL Cash Manager) wef 4th June '18

0.50% 0.50% -

Short Duration ABSL Short Term Opportunities Fund 0.60% 0.60% -Dynamic Bond ABSL Dynamic Bond Fund 0.75% 0.75% -Medium Duration ABSL Medium Term Plan 0.75% 0.75% 0.75%

Credit Risk ABSL Credit Risk Fund (erstwhile ABSL Corporate Bond Fund) wef 4th June '18

0.95% 0.95% 1.00%

Corporate Bond ABSL Corporate Bond Fund (erstwhile ABSL Short Term Fund) wef 4th June '18

0.15% 0.15% -

Gilt ABSL Government Securities Fund (erstwhile ABSL Gilt Plus - PF Plan) wef 21st May '18

0.50% 0.50% -

Banking & PSU Debt ABSL Banking & PSU Debt Fund (erstwhile ABSL Treasury Optimizer Plan) wef 4th June '18

0.25% 0.25% -

Medium to Long Term

ABSL Income Fund (erstwhile ABSL Income Plus) wef 4th June '18

0.50% 0.50% -

Structure effective 1st June 2018 till further notice (HSBC) Total Brokerage (%) inclusive of all taxes

EQUITY & HYBRID

DEBT

FoF ListScheme Mergers Merging Scheme(s) Surviving Scheme(s) E ec ve Date

ABSL Tax Savings Fund ABSL Tax Relief '96 21st May '18ABSL India ReformsFund

ABSL InfrastructureFund

21st May '18

ABSL Special Situa onsFund

ABSL Equity Fund 21st May '18

ABSL MIP - Savings 5 Fund;ABSL Monthly Income; ABSL MIP ABSL MIP - Wealth 25 Fund

4th June '18

ABSL India Opportuni es Fund ABSL New Millennium Fund

4th June '18

ABSL Banking & PSU Debt Fund ABSL Savings Fund 4th June '18

ABSL 10 year Constant Maturity Gilt Fund ABSL Gilt Plus - PF Plan

4th June '18

Load Structure *Claw back_ Upfront #Claw back_B30 Special Incen ve #T30 & B30 Loca ons

Adl Upfront

Terms and condi ons

Aditya Birla Sun Life Asset Management Company Ltd. reserves the right to change /modify/discon nue/ withhold the rates and slabs men oned at its sole discre on without any prior in ma on or no ca on or in case of Regulatory Changes / Change in Industry prac ces 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 de ned in the structure would be applicable for lump sum as well as SIP, STP & CSIP investments.

Total Distributor Commission/ Brokerage /Incen ve shall be the aggregate of Upfront Commission, Trail Commission and Marke ng Support Expenses as expressed in basis points at transac on level.

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 respec ve scheme will be charged and brokerage to be paid as applicable . For Investments and Switches into Direct Plan, Brokerage would not be paid

Mutual Fund Investments are subject to market risks. Please read o er document / SID carefully before inves ng. For scheme speci c risk factors please refer to the respec ve o er documents. Please refer OD / SID / KIM / FactSheet / Addendums for updated details.

ABSL Financial Planning FoF – Aggressive, ABSL Financial Planning FoF – Conserva ve, ABSL Financial Planning FoF – Prudent & ABSL Gold Fund

Please refer OD / SID / KIM / FactSheet / Addendums for updated details.Subject to propor onate claw back in case investment is redeemed / Systema cally Transferred /Switched out within the applicable claw back period of each scheme men oned in the above table. The clawback clause can be changed /modi ed/discon nued/ withholding by the ABSLMF at In case the investment is redeemed / Systema cally Transferred /Switched out to another scheme / Switched out to the Direct Plan within 12 months of investment, B30 Incen ve will be completely recovered / clawed back from the future brokerage payments.This applies even for the exit

As per AMFI guidelines

This bene t is payable on all transac on including Lumpsum/SIP/STP

Refer a ached Notes and T&C for more details Notes

The commission rates are inclusive of all taxes, levies, statutory dues and Goods & Services tax (GST). The brokerage strucure men oned herein is solely payable to AMFI cer ed & KYD complied distributors. This brokerage structure is applicable only to distributors of Aditya Birla Sun Life Asset Management Co Ltd and can be changed / withholding by the AMC as its sole discre on without any prior in ma on or no ca on. All distributors should abide by the code of conduct and rules/regula ons laid down by SEBI & AMFI. The AMC will take disciplinary ac on against any distrubutor who is found viola ng these regula ons / code of conduct. Distributors shall comply with SEBI circular dated June 26, 2002 on code of conduct & SEBI regula ons from me to me, including SEBI circular, dated June 30, 2009 with respect to disclosures to be made by distributors to

DSP BlackRock Asset Management Company Ltd.

FoF ListScheme Mergers Merging Scheme(s) Surviving Scheme(s) E ec ve Date

ABSL Tax Savings Fund ABSL Tax Relief '96 21st May '18ABSL India ReformsFund

ABSL InfrastructureFund

21st May '18

ABSL Special Situa onsFund

ABSL Equity Fund 21st May '18

ABSL MIP - Savings 5 Fund;ABSL Monthly Income; ABSL MIP ABSL MIP - Wealth 25 Fund

4th June '18

ABSL India Opportuni es Fund ABSL New Millennium Fund

4th June '18

ABSL Banking & PSU Debt Fund ABSL Savings Fund 4th June '18

ABSL 10 year Constant Maturity Gilt Fund ABSL Gilt Plus - PF Plan

4th June '18

Load Structure *Claw back_ Upfront #Claw back_B30 Special Incen ve #T30 & B30 Loca ons

Adl Upfront

Terms and condi ons

Aditya Birla Sun Life Asset Management Company Ltd. reserves the right to change /modify/discon nue/ withhold the rates and slabs men oned at its sole discre on without any prior in ma on or no ca on or in case of Regulatory Changes / Change in Industry prac ces 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 de ned in the structure would be applicable for lump sum as well as SIP, STP & CSIP investments.

Total Distributor Commission/ Brokerage /Incen ve shall be the aggregate of Upfront Commission, Trail Commission and Marke ng Support Expenses as expressed in basis points at transac on level.

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 respec ve scheme will be charged and brokerage to be paid as applicable . For Investments and Switches into Direct Plan, Brokerage would not be paid

Mutual Fund Investments are subject to market risks. Please read o er document / SID carefully before inves ng. For scheme speci c risk factors please refer to the respec ve o er documents. Please refer OD / SID / KIM / FactSheet / Addendums for updated details.

ABSL Financial Planning FoF – Aggressive, ABSL Financial Planning FoF – Conserva ve, ABSL Financial Planning FoF – Prudent & ABSL Gold Fund

Please refer OD / SID / KIM / FactSheet / Addendums for updated details.Subject to propor onate claw back in case investment is redeemed / Systema cally Transferred /Switched out within the applicable claw back period of each scheme men oned in the above table. The clawback clause can be changed /modi ed/discon nued/ withholding by the ABSLMF at In case the investment is redeemed / Systema cally Transferred /Switched out to another scheme / Switched out to the Direct Plan within 12 months of investment, B30 Incen ve will be completely recovered / clawed back from the future brokerage payments.This applies even for the exit

As per AMFI guidelines

This bene t is payable on all transac on including Lumpsum/SIP/STP

Refer a ached Notes and T&C for more details Notes

The commission rates are inclusive of all taxes, levies, statutory dues and Goods & Services tax (GST). The brokerage strucure men oned herein is solely payable to AMFI cer ed & KYD complied distributors. This brokerage structure is applicable only to distributors of Aditya Birla Sun Life Asset Management Co Ltd and can be changed / withholding by the AMC as its sole discre on without any prior in ma on or no ca on. All distributors should abide by the code of conduct and rules/regula ons laid down by SEBI & AMFI. The AMC will take disciplinary ac on against any distrubutor who is found viola ng these regula ons / code of conduct. Distributors shall comply with SEBI circular dated June 26, 2002 on code of conduct & SEBI regula ons from me to me, including SEBI circular, dated June 30, 2009 with respect to disclosures to be made by distributors to

HSBC Large Cap Equity Fund(HEF) 1.00 0.00 1.50 1.00 1.00HSBC Multi Cap Equity Fund(HIOF) 1.00 0.00 1.50 1.00 1.00HSBC Small Cap Equity Fund(HMEF) 1.00 0.00 1.50 1.00 1.00HSBC Infrastructure Equity Fund(HAIF) 1.00 0.00 1.50 1.08 1.08HSBC Tax Saver Equity Fund(HTSEF) 0.00 0.00 1.50 1.07 1.07HSBC Dynamic Asset Allocation Fund(HDF) 1.00 0.00 0.00 1.13 1.13HSBC Global Emerging Markets Fund(HEMF) 1.00 0.00 1.50 0.62 0.62HSBC Brazil Fund(HBF) 1.00 0.00 1.50 0.67 0.67

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund(HAPDF) 1.00 0.00 1.50 0.54 0.54

HSBC Global Consumer Opportunities Fund(HGCOF) 1.00 0.00 1.50 0.46 0.46HSBC Managed Solutions India Growth Fund(HMSGF) 1.00 0.00 0.00 0.71 0.71HSBC Managed Solutions India Moderate Fund(HMSMF) 1.00 0.00 0.00 0.70 0.70

HSBC Managed Solutions India Conservative Fund(HMSCF) 1.00 0.00 0.00 0.56 0.56

Monthly Income

PlanHSBC Regular Savings Fund(HMIPS) 1.00 0.00 1.50 0.98 0.98

HSBC Flexi Debt Fund(HFDF) 0.00 0.00 0.00 0.74 0.74HSBC Debt Fund(HIFIP) 0.00 0.00 0.00 0.86 0.86HSBC Short Duration Fund(HIFST) 0.00 0.00 0.00 0.57 0.57HSBC Low Duration Fund(HLPF) 0.00 0.00 0.00 0.44 0.44HSBC Cash Fund (HCF) 0.00 0.00 0.00 0.04 0.04

2. The Advance Trail 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.# For Additional Advance Trail, FULL clawback will be applicable if the investment is redeemed/switch out to any other scheme or Direct Plan before the completion of one year from the date of investment.

Brokerage Structure for Schemes of HSBC Mutual Fund (Applicable from 01 Jun 2018 - 30 Sep 2018)

Annualized Trail Brokerage

Details Scheme nameExit load

Advance Trail ᴥ §For T30 &

B30

Additional Advance

Trail #For B30

only

Year 1For T30 &

B30

Year 2 onwardsFor T30 &

B30

Equity Funds

Debt & Liquid Funds

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. The payment made by MF would be subject to fulfilment of T&C as per the empanelment form and would be net off any clawback, adjustments, refunds, etc. A GST registered distributor is required to issue a tax invoice for such payment amount.

3. For transaction > 5 Crs, the advance trail will be paid as 1/12th portion each month for a total of 12 months period and hence clawback is not applicable

4. Such clawback is required to be settled between the distributor and the AMC within 30 days or upon demand by the AMC, whichever is earlier.

5. W.e.f 01-Apr-2015 SIP/STP transaction will be process basis the registration date for applicable schemes.

6. 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 advance trail commissions (including additional advance trail/incentive if any paid) shall be recovered/clawed back/set-off fully or proportionately, as applicable from future brokerage payments.

7. Transaction charges will be applied on the investment amount, if you have Opted-in.

8. No Advance Trail is payable for switch transactions from one equity scheme to another equity scheme and between plans of the same schemes.

PUBLIC

HSBC Asset Management Company Ltd.

9. An Exit Load will be charged on the schemes if units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load will be charged after 1 year from date of allotment.

10. AMC reserves the right to withhold the payment on account of non-adherence to regulatory guidelines, mis-selling and non-adherence to code of conduct, or any other reason that AMC may deem fit

HSBC Asset Management (India) Private Limited reserves the right to change the above structure as may deem necessary. Any changes to the above rates shall be centrally communicated to you through an email from our CAMS Brokerage Team ([email protected])

PUBLIC

IDFC Mutual Fund

Amount /Time Slab /Trxn. Type

Upfront Brokerage

1st Year Trail 2nd Year Onwards Trail

IDFC Core Equity FundAny Amount NIL 1.50% 0.75% Upfront : 1.50%

Trail : 1st Year - Nil

Wef 10th May 16,1% if redeemedwithin 365 days

IDFC Dynamic Equity Fund Any Amount NIL 1.25% 1.25% Upfront : 2.00%Trail : 1st year - Nil

Wef 03-07-17 for10% of invt=0,balinvt-1% if red/Swtout in 12 months

IDFC Large Cap FundAny Amount NIL 1.50% 0.75% Upfront : 1.50%

Trail : 1st Year - Nil1.00% for 365 Days

IDFC Focused Equity Fund Any Amount NIL 1.50% 0.75% Upfront : 1.50%Trail : 1st Year - Nil

1.00% for 365 Days

IDFC Infrastructure Fund Any Amount NIL 1.50% 0.75% Upfront : 1.50%Trail : 1st Year - Nil

1.00% for 365 Days

IDFC Sterling Value Fund Any Amount NIL 1.10% 1.10% Upfront : 2.00%Trail : 1st year - Nil

1% for 365 days wef07Sep2015

IDFC Multi Cap Fund Any Amount NIL 1.00% 1.00% Upfront : 1.50%Trail : 1st Year - Nil

1.00% for 365 Days

IDFC Tax Advantage (ELSS) Fund Any Amount NIL 1.00% 1.00%Upfront : NIL

Trail : 1st year - 1.50%

IDFC Hybrid Equity Fund Any Amount NIL 1.25%

2nd year - 1.25% ,3rd year - 1.25% ,

4th year onwards -1.10%

Upfront : NilTrail : 1st Year - 1.00%

IDFC Asset Allocation Fund - FOF -Moderate Plan

Any Amount NIL 0.85% 0.85% Upfront : NilTrail : 1st Year - 1.50%

IDFC Asset Allocation Fund - FOF - Aggressive Plan

Any Amount NIL 1.25% 0.75% Upfront : NilTrail : 1st Year - 1.50%

IDFC Asset Allocation Fund - FOF -Conservative Plan

Any Amount NIL 0.75% 0.75% Upfront : NilTrail : 1st Year - 1.50%

IDFC Regular Savings Fund Any Amount NIL 1.75% 0.50%Upfront : Nil

Trail : 1st Year - 1.50%

IDFC Nifty Fund Any Amount Nil 0.10% 0.10% Nil

IDFC Banking & PSU Debt Fund Any Amount Nil 0.10% 0.10% Nil

IDFC Cash Fund Any Amount Nil 0.05% 0.05% Nil

IDFC Money Manager Fund Any Amount Nil 0.50% 0.40% Nil Nil

IDFC Low Duration Fund Any Amount Nil 0.15% 0.15% Nil

IDFC All Seasons Bond Fund Any Amount Nil 0 to 3 Months - 0.50%,4 to 12 Months - 0.50%

0.50% Nil 0.50% for 3months

IDFC Corporate Bond Fund Any Amount Nil 0.30% 0.30% Nil Nil W.e.f. 12th Aug,2016

IDFC Credit Risk Fund Any Amount Nil 0.75% 0.75% Nil 1% if red/switch outwithin 365 days.

IDFC Bond Fund - Short Term Plan Any Amount Nil 0.55% 0.50% Nil Nil, W.E.F 23rd May 2016

IDFC Bond Fund - Medium Term Plan

Any Amount Nil 0.75% 0.75% NilWef 11th May 17,0.50% if redeemedwithin 6th month

IDFC Dynamic Bond Fund Any Amount Nil 1.00% 0.90% Nil Nil W.E.F17-Oct-2016

IDFC Bond Fund - Long Term Plan Any Amount Nil 1.00% 0.75% Nil

IDFC Government Securities Fund - Investment Plan

Any Amount Nil 0.75% 0.50% Nil Nil

IDFC Government Securities Fund - Constant Maturity Plan

Any Amount Nil 0.10% 0.10% Nil Nil

IDFC Arbitrage Fund Any Amount Nil 0 to 3 Months - 0.50% ,4 to 12 Months - 0.50%

0.50% Nil

IDFC Equity Savings Fund Any Amount Nil 1.35% 1.35% Upfront : NilTrail : 1st Year - 1.50%

Nil

Nil

Market ExpansionTrail : 12 Months

Arbitrage Fund

0.25% ifredeemed/switch out

in 1 Month

For 10% of invt -Nil,For bal. invt -1% ifred/swt out in 12

mnts

Brokerage Structure of ARN-0022/HSBC/HSBCQN Applicable for 1st Aug' 2018 till further notice

Scheme Detail

Equity Fund

Exit Load

Index Fund

Market ExpansionUpfront : 12

Months

Market ExpansionUpfront : 12

Months

Market ExpansionTrail : 12 Months

Balance Fund

Hybrid fund

T30 & B30

Market ExpansionUpfront : 12

Months

Market ExpansionUpfront : 12

Months

Additional MarketExpansion

(B30)

Scheme WiseClawback if

Redeemed / Switched

Market ExpansionUpfront : 12

Months

ELSS

Market ExpansionUpfront : 12

Months

Money Market Fund

Short Term Debt Fund

Long Term Debt Fund

Gilt Fund

Nil

1.00% for 7 Days

Wef 24-08-17 for10% of invt=0,balinvt-1% if red/Swtout in 12 months

Market ExpansionUpfront : 12

Months

Nil

1.50% for 18 Months

For 10% of invt -Nil,For bal. invt -1% ifred/swt out in 12

mnts

1.50% for 18 Months

1.50% for 18 Months

Wef 04-08-2015 for10% of inv 0%, Bal

at 1% upto 365 Days

Amount /Time Slab /Trxn. Type

Upfront Brokerage

1st Year Trail 2nd Year Onwards Trail

IDFC Core Equity FundAny Amount NIL 1.50% 0.75% Upfront : 1.50%

Trail : 1st Year - Nil

Wef 10th May 16,1% if redeemedwithin 365 days

IDFC Dynamic Equity Fund Any Amount NIL 1.25% 1.25% Upfront : 2.00%Trail : 1st year - Nil

Wef 03-07-17 for10% of invt=0,balinvt-1% if red/Swtout in 12 months

IDFC Large Cap FundAny Amount NIL 1.50% 0.75% Upfront : 1.50%

Trail : 1st Year - Nil1.00% for 365 Days

IDFC Focused Equity Fund Any Amount NIL 1.50% 0.75% Upfront : 1.50%Trail : 1st Year - Nil

1.00% for 365 Days

IDFC Infrastructure Fund Any Amount NIL 1.50% 0.75% Upfront : 1.50%Trail : 1st Year - Nil

1.00% for 365 Days

IDFC Sterling Value Fund Any Amount NIL 1.10% 1.10% Upfront : 2.00%Trail : 1st year - Nil

1% for 365 days wef07Sep2015

IDFC Multi Cap Fund Any Amount NIL 1.00% 1.00% Upfront : 1.50%Trail : 1st Year - Nil

1.00% for 365 Days

IDFC Tax Advantage (ELSS) Fund Any Amount NIL 1.00% 1.00%Upfront : NIL

Trail : 1st year - 1.50%

IDFC Hybrid Equity Fund Any Amount NIL 1.25%

2nd year - 1.25% ,3rd year - 1.25% ,

4th year onwards -1.10%

Upfront : NilTrail : 1st Year - 1.00%

IDFC Asset Allocation Fund - FOF -Moderate Plan

Any Amount NIL 0.85% 0.85% Upfront : NilTrail : 1st Year - 1.50%

IDFC Asset Allocation Fund - FOF - Aggressive Plan

Any Amount NIL 1.25% 0.75% Upfront : NilTrail : 1st Year - 1.50%

IDFC Asset Allocation Fund - FOF -Conservative Plan

Any Amount NIL 0.75% 0.75% Upfront : NilTrail : 1st Year - 1.50%

IDFC Regular Savings Fund Any Amount NIL 1.75% 0.50%Upfront : Nil

Trail : 1st Year - 1.50%

IDFC Nifty Fund Any Amount Nil 0.10% 0.10% Nil

IDFC Banking & PSU Debt Fund Any Amount Nil 0.10% 0.10% Nil

IDFC Cash Fund Any Amount Nil 0.05% 0.05% Nil

IDFC Money Manager Fund Any Amount Nil 0.50% 0.40% Nil Nil

IDFC Low Duration Fund Any Amount Nil 0.15% 0.15% Nil

IDFC All Seasons Bond Fund Any Amount Nil 0 to 3 Months - 0.50%,4 to 12 Months - 0.50%

0.50% Nil 0.50% for 3months

IDFC Corporate Bond Fund Any Amount Nil 0.30% 0.30% Nil Nil W.e.f. 12th Aug,2016

IDFC Credit Risk Fund Any Amount Nil 0.75% 0.75% Nil 1% if red/switch outwithin 365 days.

IDFC Bond Fund - Short Term Plan Any Amount Nil 0.55% 0.50% Nil Nil, W.E.F 23rd May 2016

IDFC Bond Fund - Medium Term Plan

Any Amount Nil 0.75% 0.75% NilWef 11th May 17,0.50% if redeemedwithin 6th month

IDFC Dynamic Bond Fund Any Amount Nil 1.00% 0.90% Nil Nil W.E.F17-Oct-2016

IDFC Bond Fund - Long Term Plan Any Amount Nil 1.00% 0.75% Nil

IDFC Government Securities Fund - Investment Plan

Any Amount Nil 0.75% 0.50% Nil Nil

IDFC Government Securities Fund - Constant Maturity Plan

Any Amount Nil 0.10% 0.10% Nil Nil

IDFC Arbitrage Fund Any Amount Nil 0 to 3 Months - 0.50% ,4 to 12 Months - 0.50%

0.50% Nil

IDFC Equity Savings Fund Any Amount Nil 1.35% 1.35% Upfront : NilTrail : 1st Year - 1.50%

Nil

Nil

Market ExpansionTrail : 12 Months

Arbitrage Fund

0.25% ifredeemed/switch out

in 1 Month

For 10% of invt -Nil,For bal. invt -1% ifred/swt out in 12

mnts

Brokerage Structure of ARN-0022/HSBC/HSBCQN Applicable for 1st Aug' 2018 till further notice

Scheme Detail

Equity Fund

Exit Load

Index Fund

Market ExpansionUpfront : 12

Months

Market ExpansionUpfront : 12

Months

Market ExpansionTrail : 12 Months

Balance Fund

Hybrid fund

T30 & B30

Market ExpansionUpfront : 12

Months

Market ExpansionUpfront : 12

Months

Additional MarketExpansion

(B30)

Scheme WiseClawback if

Redeemed / Switched

Market ExpansionUpfront : 12

Months

ELSS

Market ExpansionUpfront : 12

Months

Money Market Fund

Short Term Debt Fund

Long Term Debt Fund

Gilt Fund

Nil

1.00% for 7 Days

Wef 24-08-17 for10% of invt=0,balinvt-1% if red/Swtout in 12 months

Market ExpansionUpfront : 12

Months

Nil

1.50% for 18 Months

For 10% of invt -Nil,For bal. invt -1% ifred/swt out in 12

mnts

1.50% for 18 Months

1.50% for 18 Months

Wef 04-08-2015 for10% of inv 0%, Bal

at 1% upto 365 Days

the Distributor, at its sole discretion. Any such change in the brokerage structure shall be intimated to the Distributors by telephone/post/email/courier/post/text message or such other medium of communication as may be preferred by IDFC AMC and the same shall be effective from the date of dispatch of such communication.

xiii) W.e.f 07th May 2018, IDFC Government Securities Fund - Provident Fund Plan got merged with IDFC Government Securities Fund - Investment Plan.xiv) W.e.f 14th May 2018, IDFC Money Manager Fund - Investment Plan got merged with IDFC Bond Fund - Short Term Plan.

Name of Entity Billing address PAN Provisional GST no Remarks

IDFC Mutual Fund

6th Floor, One Indiabulls centre,

Jupiter Mills Compound, 841, Senapati Bapat

Marg, Elphinstone Road, Mumbai, AAETS9556K 27AAETS9556K1ZP For NFO Brokerage

xii) For brokerage the distributors will have to raise the invoices favouring IDFC Mutual Fund and do the GST return filing accordingly.

x) With effect from 1st July 2017, Goods and Service Tax (GST) is applicable on distributor brokerage.xi) All distributors who have correctly updated the GST number with AMFI would be treated as registered distributors under GST and no deduction would be done from their pay-outs,whereas in case of Unregistered distributor or a distributor having registration number but failing to update the details with AMFI would also be treated as unregistered distributor andthe applicable tax rate would be deducted from his pay-outs and appropriate procedure as per the Goods and Services Tax Act, would be followed.

iv) In Asset Allocation Funds, there is no exit load on switches within the asset allocation funds and there is no limit to the number of switches between Asset Allocation Funds. Upfrontbrokerage is not eligible for such switches.

i) T-30 refers to Top 30 Cities provided by AMFI & B-30 refers to all the cities beyond the Top 30 cities.Scheme-wise Claw Back provision if redeemed/switched within claw back period:

Below is the GST number of IDFC Mutual Fund.

Ÿ The Upfront in T30 & B30 will be proportionately recovered/clawed back from the existing/ future Brokerage payments of the Distributor.Ÿ The Market Expansion incentive (Upfront or Trail) is applicable only for 1st year & for B-30 Cities. The same will be completely (100%) recovered/clawed back from the

viii) Any brokerage payout related discrepancies have to be intimated to us within 45 days from the date of release of brokerage.ix) IDFC Asset Management Company Limited (IDFC AMC) reserves absolute right and authority to change the brokerage structure applicable to existing as well as future assets contributed by

v) No upfront brokerage will be paid in case of switches within sub plans of any schemes for e.g. Dividend to Growth or vice versa.vi) In case EUIN or the investor declaration is not provided within the timelines as prescribed by AMFI from time to time, brokerage on the concerned transaction shall be forfeited permanently.vii) The brokerage/incentives would be inclusive of Goods and Service Tax/ Cess and any other applicable tax, if any; as per the current regulations.

future Brokerage payments of the distributor.ii) The changes effected in the current month’s brokerage rates are highlighted in “green” for your attention.iii)Upfront & Trail will be paid as per the brokerage structure on switches within equity schemes (i.e. (CEF/SVF/DEF/INFRA/FEF/LCF/MCF) with effect from 1st April’15.

Terms & Conditions :

Additional payout for B30 cities

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Equity & ELSS ICICI Prudential Long Term Equity Fund 3 Years Lock In, Nil after 3 years 3 Years Lock In, Nil after 3 years 0.00% 0.75% 0.75% 1.00%

ICICI Prudential Child Care Plan - Gift

Nil (subject to completion of lock-in period of at least 5 years or till the child attains age of majority (whichever is earlier))

1yr 0.00% 0.95% 0.95% 1.00%

ICICI Prudential Focused Equity Fund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 0.95% 0.95% 1.00%

ICICI Prudential Multi Cap Fund <= 18 months - 1%, >18 months - Nil 1yr 0.75% 0.35% 0.35% 1.00%

ICICI Prudential Mid Cap Fund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 0.95% 0.95% 1.00%ICICI Prudential Dividend Yield Equity Fund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.10% 0.35% 0.00%

ICICI Prudential BluechipFund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.00% 1.00% 1.00%

ICICI Prudential Infrastructure <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 0.95% 0.95% 1.00%

ICICI Prudential Equity & Debt Fund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.00% 1.00% 0.00%

ICICI Prudential Multi-Asset Fund<=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.00% 1.00% 1.00%

ICICI Prudential Value Discovery fund (1%Trail 4th Year onwards) <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.20% 1.20% 1.00%

ICICI Prudential US Bluechip Fund <= 3 months - 3%, >3 months and <= 12 months - 1%, >12 months - Nil 1yr 0.00% 0.35% 0.35% 0.00%

ICICI Prudential Balanced Advantage Fund <= 18 months - 1%, >18 months - Nil 1yr 0.00% 0.95% 0.95% 0.75%

ICICI Prudential Large& Mid CapFund<=1 Year - 1%, >1 Year - Nil 1yr 0.00% 0.95% 0.95% 1.00%

ICICI Prudential Technology <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 1.05% 1.05%ICICI Prudential Banking & Financial Services <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 1.05% 1.05%ICICI Prudential FMCG <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 0.95% 0.95% 1.50%

ICICI Prudential Equity Savings Fund <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 0.70% 0.70% Nil

ICICI Prudential Global Stable Equity <=3 months - 3%, >3 months &<=18 months - 1%, >18 months - Nil 1yr 0.00% 0.90% 0.90% 1.00%

ICICI Prudential Pharma Healthcare and Diagnostics(P.H.D) Fund (wef 16-July-18) <= 18 months - 1%, >18 months - Nil 18 months 0.00% 1.10% 1.10% 1.50%

ICICI Prudential Nifty Index Fund-Retail Nil Nil 0.00% 0.25% 0.25% 0ICICI Prudential SmallcapFund <=1 Year - 1%, >1 Year - Nil Nil 0.00% 0.35% 0.35% 0

ICICI Prudential Exports & Other Service Industries Fund <=1 Year - 1%, >1 Year - Nil 1yr 1.00% 0.35% 0.35% 1.50%

ICICI Prudential Sensex Index Fund Nil Nil 0.00% 0.15% 0.15% Nil

ICICI Prudential Nifty Next 50 Index Fund <=7 days - 0.25%, >7 Year - Nil Nil 0.00% 0.25% 0.25% 0

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Fund of FundsICICI Prudential Advisor Series-Passive Strategy Fund

0.00% 0.30% 0.30%

ICICI Prudential Advisor Series-–Thematic Fund 0.00% 0.30% 0.30%ICICI Prudential Advisor Series–Conservative Fund 0.00% 0.50% 0.30%

ICICI Prudential Advisor Series-–Hybrid Fund <=1 month - 0.25%, >1 month- Nil 0.00% 0.20% 0.20%ICICI Prudential Advisor Series-–Debt Management Fund <=6 months - 0.50%, >6 months- Nil 0.00% 0.30% 0.30%

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

ICICI Prudential Regular Savings Fund <=1 year - 1.00%, >1 year - Nil 1yr 0.75% 0.50% 0.50%

Nil

Nil

<=3 Year - 1%, >3 Year - Nil

Nil

ICICI Prudential Mutual Fund - Load and Commission on Sales Structure - Applicable for Aug-2018

HSBC Across all cities T30 & B30

Nil

Hybrid

ICICI Prudential Ultra Short Term Fund Nil Nil 0.00% 0.30% 0.30%

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Debt Long Term ICICI Prudential Long Term Bond Fund

Nil Nil 0.00% 1.00% 0.50%

ICICI Prudential Credit Risk Fund<=1 Year - 1%, >1 Year - Nil 1yr 0.00% 0.90% 0.90%

ICICI Prudential Regular Gold Savings Fund <=15 months - 2.00%, >15 Months - Nil 1yr 0.00% 0.15% 0.10%

ICICI Prudential Gilt Fund Nil Nil 0.00% 0.75% 0.55%

ICICI Prudential All Seasons Bond FundUpto 1 month - 0.25%, > 1 month - Nil Nil 0.00% 0.75% 0.60%

ICICI Prudential Constant Maturity Fund Upto7 days- 0.25%, > 7 days - Nil Nil 0.00% 0.10% 0.10%

ICICI Prudential Medium Term Bond Fund<=1 Year - 1%, >1 Year - Nil 1yr 0.75% 0.45% 0.45%

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Debt Short Term ICICI Prudential Bond Fund

Upto 6 Month - 1.00%, > 6 Month - Nil Nil 0.00% 0.40% 0.25%

ICICI Prudential Short Term Plan Upto7 days- 0.25%, > 7 days - Nil Nil 0.00% 0.70% 0.70%

ICICI Prudential Banking & PSU Debt Fund Nil Nil 0.00% 0.30% 0.25%

ICICI Prudential Corporate Bond Fund Nil Nil 0.00% 0.20% 0.20%

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Arbitrage ICICI Prudential Equity - Arbitrage Fund <= 1 months - 0.25%, > 1 months - Nil Nil 0.00% 0.40% 0.30% Nil

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

ICICI Prudential Liquid Plan 0.000% 0.075% 0.025%ICICI Prudential Money Market Fund 0.000% 0.025% 0.025%ICICI Prudential Floating Interest Fund 0.000% 0.750% 0.300%ICICI Prudential Savings Fund 0.000% 0.100% 0.050%

SIP/STP application : Commission on Sales & trail Brokerage would be same as normal purchase application. SIP/STP registered at B30 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 – 30” cities are cities other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad (including Secundrabad), Baroda, Ludhiana, Jaipur, Lucknow, Surat, Kanpur, Chandigarh,Udaipur,Nagpur,Indore,Nasik,Coimbatore,Patna,Rajkot,Bhopal,Jamshedpur,Bhubaneshwar,Guwahati,Panaji,Ranchi,Cochin,Dehradun collectively referred to as “T –30” cities. NRI business shall also considered as T30 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 B30 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.

NilNil

Note

Hybrid

Nil

Nil

Liquid Nil

This is with reference to SEBI circular no, SEBI/HO/IMD/DF2/CIR/P/2018/91 dated June 5, 2018 regarding Total Expense Ratio for Mutual Funds as stated in the circular additional expense under regulation 52 (6A) (c) has reduced from 0.20 to 0.05. Therefore, the brokerage on the existing assets shall be revised accordingly for all applicable Schemes.The information contained herein is solely for private circulation for reading/understanding of registered Advisors/ Distributors of ICICI Prudential Asset Management Company Ltd and should not be circulated to investors/prospective investors.

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.

the Distributor, at its sole discretion. Any such change in the brokerage structure shall be intimated to the Distributors by telephone/post/email/courier/post/text message or such other medium of communication as may be preferred by IDFC AMC and the same shall be effective from the date of dispatch of such communication.

xiii) W.e.f 07th May 2018, IDFC Government Securities Fund - Provident Fund Plan got merged with IDFC Government Securities Fund - Investment Plan.xiv) W.e.f 14th May 2018, IDFC Money Manager Fund - Investment Plan got merged with IDFC Bond Fund - Short Term Plan.

Name of Entity Billing address PAN Provisional GST no Remarks

IDFC Mutual Fund

6th Floor, One Indiabulls centre,

Jupiter Mills Compound, 841, Senapati Bapat

Marg, Elphinstone Road, Mumbai, AAETS9556K 27AAETS9556K1ZP For NFO Brokerage

xii) For brokerage the distributors will have to raise the invoices favouring IDFC Mutual Fund and do the GST return filing accordingly.

x) With effect from 1st July 2017, Goods and Service Tax (GST) is applicable on distributor brokerage.xi) All distributors who have correctly updated the GST number with AMFI would be treated as registered distributors under GST and no deduction would be done from their pay-outs,whereas in case of Unregistered distributor or a distributor having registration number but failing to update the details with AMFI would also be treated as unregistered distributor andthe applicable tax rate would be deducted from his pay-outs and appropriate procedure as per the Goods and Services Tax Act, would be followed.

iv) In Asset Allocation Funds, there is no exit load on switches within the asset allocation funds and there is no limit to the number of switches between Asset Allocation Funds. Upfrontbrokerage is not eligible for such switches.

i) T-30 refers to Top 30 Cities provided by AMFI & B-30 refers to all the cities beyond the Top 30 cities.Scheme-wise Claw Back provision if redeemed/switched within claw back period:

Below is the GST number of IDFC Mutual Fund.

Ÿ The Upfront in T30 & B30 will be proportionately recovered/clawed back from the existing/ future Brokerage payments of the Distributor.Ÿ The Market Expansion incentive (Upfront or Trail) is applicable only for 1st year & for B-30 Cities. The same will be completely (100%) recovered/clawed back from the

viii) Any brokerage payout related discrepancies have to be intimated to us within 45 days from the date of release of brokerage.ix) IDFC Asset Management Company Limited (IDFC AMC) reserves absolute right and authority to change the brokerage structure applicable to existing as well as future assets contributed by

v) No upfront brokerage will be paid in case of switches within sub plans of any schemes for e.g. Dividend to Growth or vice versa.vi) In case EUIN or the investor declaration is not provided within the timelines as prescribed by AMFI from time to time, brokerage on the concerned transaction shall be forfeited permanently.vii) The brokerage/incentives would be inclusive of Goods and Service Tax/ Cess and any other applicable tax, if any; as per the current regulations.

future Brokerage payments of the distributor.ii) The changes effected in the current month’s brokerage rates are highlighted in “green” for your attention.iii)Upfront & Trail will be paid as per the brokerage structure on switches within equity schemes (i.e. (CEF/SVF/DEF/INFRA/FEF/LCF/MCF) with effect from 1st April’15.

Terms & Conditions :

Additional payout for B30 cities

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Equity & ELSS ICICI Prudential Long Term Equity Fund 3 Years Lock In, Nil after 3 years 3 Years Lock In, Nil after 3 years 0.00% 0.75% 0.75% 1.00%

ICICI Prudential Child Care Plan - Gift

Nil (subject to completion of lock-in period of at least 5 years or till the child attains age of majority (whichever is earlier))

1yr 0.00% 0.95% 0.95% 1.00%

ICICI Prudential Focused Equity Fund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 0.95% 0.95% 1.00%

ICICI Prudential Multi Cap Fund <= 18 months - 1%, >18 months - Nil 1yr 0.75% 0.35% 0.35% 1.00%

ICICI Prudential Mid Cap Fund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 0.95% 0.95% 1.00%ICICI Prudential Dividend Yield Equity Fund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.10% 0.35% 0.00%

ICICI Prudential BluechipFund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.00% 1.00% 1.00%

ICICI Prudential Infrastructure <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 0.95% 0.95% 1.00%

ICICI Prudential Equity & Debt Fund <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.00% 1.00% 0.00%

ICICI Prudential Multi-Asset Fund<=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.00% 1.00% 1.00%

ICICI Prudential Value Discovery fund (1%Trail 4th Year onwards) <=1 Year - 1%, >1 Year - Nil 1yr 0.00% 1.20% 1.20% 1.00%

ICICI Prudential US Bluechip Fund <= 3 months - 3%, >3 months and <= 12 months - 1%, >12 months - Nil 1yr 0.00% 0.35% 0.35% 0.00%

ICICI Prudential Balanced Advantage Fund <= 18 months - 1%, >18 months - Nil 1yr 0.00% 0.95% 0.95% 0.75%

ICICI Prudential Large& Mid CapFund<=1 Year - 1%, >1 Year - Nil 1yr 0.00% 0.95% 0.95% 1.00%

ICICI Prudential Technology <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 1.05% 1.05%ICICI Prudential Banking & Financial Services <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 1.05% 1.05%ICICI Prudential FMCG <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 0.95% 0.95% 1.50%

ICICI Prudential Equity Savings Fund <=15 Days - 1%, >15 Days - Nil 1yr 0.00% 0.70% 0.70% Nil

ICICI Prudential Global Stable Equity <=3 months - 3%, >3 months &<=18 months - 1%, >18 months - Nil 1yr 0.00% 0.90% 0.90% 1.00%

ICICI Prudential Pharma Healthcare and Diagnostics(P.H.D) Fund (wef 16-July-18) <= 18 months - 1%, >18 months - Nil 18 months 0.00% 1.10% 1.10% 1.50%

ICICI Prudential Nifty Index Fund-Retail Nil Nil 0.00% 0.25% 0.25% 0ICICI Prudential SmallcapFund <=1 Year - 1%, >1 Year - Nil Nil 0.00% 0.35% 0.35% 0

ICICI Prudential Exports & Other Service Industries Fund <=1 Year - 1%, >1 Year - Nil 1yr 1.00% 0.35% 0.35% 1.50%

ICICI Prudential Sensex Index Fund Nil Nil 0.00% 0.15% 0.15% Nil

ICICI Prudential Nifty Next 50 Index Fund <=7 days - 0.25%, >7 Year - Nil Nil 0.00% 0.25% 0.25% 0

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Fund of FundsICICI Prudential Advisor Series-Passive Strategy Fund

0.00% 0.30% 0.30%

ICICI Prudential Advisor Series-–Thematic Fund 0.00% 0.30% 0.30%ICICI Prudential Advisor Series–Conservative Fund 0.00% 0.50% 0.30%

ICICI Prudential Advisor Series-–Hybrid Fund <=1 month - 0.25%, >1 month- Nil 0.00% 0.20% 0.20%ICICI Prudential Advisor Series-–Debt Management Fund <=6 months - 0.50%, >6 months- Nil 0.00% 0.30% 0.30%

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

ICICI Prudential Regular Savings Fund <=1 year - 1.00%, >1 year - Nil 1yr 0.75% 0.50% 0.50%

Nil

Nil

<=3 Year - 1%, >3 Year - Nil

Nil

ICICI Prudential Mutual Fund - Load and Commission on Sales Structure - Applicable for Aug-2018

HSBC Across all cities T30 & B30

Nil

Hybrid

ICICI Prudential Ultra Short Term Fund Nil Nil 0.00% 0.30% 0.30%

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Debt Long Term ICICI Prudential Long Term Bond Fund

Nil Nil 0.00% 1.00% 0.50%

ICICI Prudential Credit Risk Fund<=1 Year - 1%, >1 Year - Nil 1yr 0.00% 0.90% 0.90%

ICICI Prudential Regular Gold Savings Fund <=15 months - 2.00%, >15 Months - Nil 1yr 0.00% 0.15% 0.10%

ICICI Prudential Gilt Fund Nil Nil 0.00% 0.75% 0.55%

ICICI Prudential All Seasons Bond FundUpto 1 month - 0.25%, > 1 month - Nil Nil 0.00% 0.75% 0.60%

ICICI Prudential Constant Maturity Fund Upto7 days- 0.25%, > 7 days - Nil Nil 0.00% 0.10% 0.10%

ICICI Prudential Medium Term Bond Fund<=1 Year - 1%, >1 Year - Nil 1yr 0.75% 0.45% 0.45%

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Debt Short Term ICICI Prudential Bond Fund

Upto 6 Month - 1.00%, > 6 Month - Nil Nil 0.00% 0.40% 0.25%

ICICI Prudential Short Term Plan Upto7 days- 0.25%, > 7 days - Nil Nil 0.00% 0.70% 0.70%

ICICI Prudential Banking & PSU Debt Fund Nil Nil 0.00% 0.30% 0.25%

ICICI Prudential Corporate Bond Fund Nil Nil 0.00% 0.20% 0.20%

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

Arbitrage ICICI Prudential Equity - Arbitrage Fund <= 1 months - 0.25%, > 1 months - Nil Nil 0.00% 0.40% 0.30% Nil

Category Fund Name Exit Load Clawback Period Commission on Sales Trail 1st Yr Trail 2nd yr onwards

Additional Trail (1st yr Only)

ICICI Prudential Liquid Plan 0.000% 0.075% 0.025%ICICI Prudential Money Market Fund 0.000% 0.025% 0.025%ICICI Prudential Floating Interest Fund 0.000% 0.750% 0.300%ICICI Prudential Savings Fund 0.000% 0.100% 0.050%

SIP/STP application : Commission on Sales & trail Brokerage would be same as normal purchase application. SIP/STP registered at B30 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 – 30” cities are cities other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad (including Secundrabad), Baroda, Ludhiana, Jaipur, Lucknow, Surat, Kanpur, Chandigarh,Udaipur,Nagpur,Indore,Nasik,Coimbatore,Patna,Rajkot,Bhopal,Jamshedpur,Bhubaneshwar,Guwahati,Panaji,Ranchi,Cochin,Dehradun collectively referred to as “T –30” cities. NRI business shall also considered as T30 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 B30 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.

NilNil

Note

Hybrid

Nil

Nil

Liquid Nil

This is with reference to SEBI circular no, SEBI/HO/IMD/DF2/CIR/P/2018/91 dated June 5, 2018 regarding Total Expense Ratio for Mutual Funds as stated in the circular additional expense under regulation 52 (6A) (c) has reduced from 0.20 to 0.05. Therefore, the brokerage on the existing assets shall be revised accordingly for all applicable Schemes.The information contained herein is solely for private circulation for reading/understanding of registered Advisors/ Distributors of ICICI Prudential Asset Management Company Ltd and should not be circulated to investors/prospective investors.

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.

ICICI Prudential Asset Management Company Ltd.

L&T Mutual Fund

Commission Structure for L&T Mutual Fund (1st July 2018 to 30th Sept 2018) ARN-0022

Name of the Fund Prepaid Commission Trail(apm)-From Day 1 Total Earnings In first 3 Years

Equity, Balanced and Hybrid Funds L&T India Large Cap Fund L&T Infrastructure 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 Monthly Income Plan L&T Dynamic Equity Fund

Nil 0.75% 2.25%

L&T India Value Fund Nil 1.10% 3.30% L&T Equity Savings Fund Nil 0.75% 2.25%

Arbitrage Fund

L&T Arbitrage Opportunities Fund Nil 0.50% 1.50% Debt Funds

L&T Income Opportunities Fund L&T Resurgent India Corporate Bond Fund 0.50%** 0.50% 2.00% L&T Triple Ace Bond Fund Nil 0.30% 0.90% L&T Short Term Income Fund Nil 0.50% 1.50% L&T Flexi Bond Fund Nil 0.70% 2.10% L&T Gilt Fund L&T Short Term Opportunities Fund Nil 0.50% 1.50% L&T Banking and PSU Debt Fund L&T Floating Rate Fund Nil 0.40% 1.20% L&T Ultra Short Term Fund Nil 0.20% 0.60%

Liquid Funds L&T Cash Fund Nil 0.65% 1.95% L&T Liquid Fund Nil 0.05% 0.15%

* 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 2018 to 30th Sept 2018) ARN-0022

General a) This is further to your empanelment with L&T Investment Management Limited on behalf of L&T Mutual Fund. b) The aforesaid structure is effective from 1st July 2018 to 30th Sept 2018 and will remain effective till further notice and may change at the discretion of AMC as a result of any changes in the law. c) 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. d) 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. e) 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. f) 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, g) AMC reserves the right to change the commission structure at its sole discretion, without giving any notice. h) The revision in the trail fee rate effective 1st June for all equity schemes and 1st April 2018 for ELSS schemes shall be applicable on the existing assets procured prior to this period as well. i) 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. j) 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.

k) 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. l) 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. m) For change of broker code cases, payment of commission will be governed by the requirements of SEBI and / or AMFI. n) The discharge of liability towards GST will be sole responsibility of the distributor were distributor is registered under GST and L&T Investment Management Limited (LTIM) shall have no obligation in this

behalf. However, if the distributor is not registered under GST, LTIM will deduct and discharge GST liability for the said distributor under Reverse Charge Mechanism (RCM). However, the AMC reserves the right to deduct any other applicable statutory dues.

o) AMC reserves the right to hold the commission payment if the bank details of the distributor are incomplete/not registered with AMC.

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

the Distributor, at its sole discretion. Any such change in the brokerage structure shall be intimated to the Distributors by telephone/post/email/courier/post/text message or such other medium of communication as may be preferred by IDFC AMC and the same shall be effective from the date of dispatch of such communication.

xiii) W.e.f 07th May 2018, IDFC Government Securities Fund - Provident Fund Plan got merged with IDFC Government Securities Fund - Investment Plan.xiv) W.e.f 14th May 2018, IDFC Money Manager Fund - Investment Plan got merged with IDFC Bond Fund - Short Term Plan.

Name of Entity Billing address PAN Provisional GST no Remarks

IDFC Mutual Fund

6th Floor, One Indiabulls centre,

Jupiter Mills Compound, 841, Senapati Bapat

Marg, Elphinstone Road, Mumbai, AAETS9556K 27AAETS9556K1ZP For NFO Brokerage

xii) For brokerage the distributors will have to raise the invoices favouring IDFC Mutual Fund and do the GST return filing accordingly.

x) With effect from 1st July 2017, Goods and Service Tax (GST) is applicable on distributor brokerage.xi) All distributors who have correctly updated the GST number with AMFI would be treated as registered distributors under GST and no deduction would be done from their pay-outs,whereas in case of Unregistered distributor or a distributor having registration number but failing to update the details with AMFI would also be treated as unregistered distributor andthe applicable tax rate would be deducted from his pay-outs and appropriate procedure as per the Goods and Services Tax Act, would be followed.

iv) In Asset Allocation Funds, there is no exit load on switches within the asset allocation funds and there is no limit to the number of switches between Asset Allocation Funds. Upfrontbrokerage is not eligible for such switches.

i) T-30 refers to Top 30 Cities provided by AMFI & B-30 refers to all the cities beyond the Top 30 cities.Scheme-wise Claw Back provision if redeemed/switched within claw back period:

Below is the GST number of IDFC Mutual Fund.

Ÿ The Upfront in T30 & B30 will be proportionately recovered/clawed back from the existing/ future Brokerage payments of the Distributor.Ÿ The Market Expansion incentive (Upfront or Trail) is applicable only for 1st year & for B-30 Cities. The same will be completely (100%) recovered/clawed back from the

viii) Any brokerage payout related discrepancies have to be intimated to us within 45 days from the date of release of brokerage.ix) IDFC Asset Management Company Limited (IDFC AMC) reserves absolute right and authority to change the brokerage structure applicable to existing as well as future assets contributed by

v) No upfront brokerage will be paid in case of switches within sub plans of any schemes for e.g. Dividend to Growth or vice versa.vi) In case EUIN or the investor declaration is not provided within the timelines as prescribed by AMFI from time to time, brokerage on the concerned transaction shall be forfeited permanently.vii) The brokerage/incentives would be inclusive of Goods and Service Tax/ Cess and any other applicable tax, if any; as per the current regulations.

future Brokerage payments of the distributor.ii) The changes effected in the current month’s brokerage rates are highlighted in “green” for your attention.iii)Upfront & Trail will be paid as per the brokerage structure on switches within equity schemes (i.e. (CEF/SVF/DEF/INFRA/FEF/LCF/MCF) with effect from 1st April’15.

Terms & Conditions :

UpfrontBrokerage

1st Year Trail 2nd Year

Onwards Trail4th Year

Onwards Trail

Tata Medium Term Fund 1.00% - 365 Days 0.00% 0.60% 0.60% 0.60%

1. apm - Annualised payable monthly.2. Tata Asset Management Ltd. reserves the right to change the structures at any time.

Debt Funds

Notes

Brokerage StructureApplicable from 13th August 2018 to 30th September 2018

Scheme Name Exit Load

T - 30 & B - 30

3. For other Terms & Conditions & Notes Please refer quarterly brokerage structure (JAS'18) which is already communicated.

This is with reference to SEBI circular no, SEBI/HO/IMD/DF2/CIR/P/2018/91 dated June 5, 2018 regarding Total Expense Ratio for Mutual Funds as stated in the circular additional expense under regulation 52 (6A) (c) has reduced from 0.20 to 0.05. Therefore, the brokerage on the existing assets shall be revised accordingly for all applicable Schemes.The information contained herein is solely for private circulation for reading/understanding of registered Advisors/ Distributors of ICICI Prudential Asset Management Company Ltd and should not be circulated to investors/prospective investors.

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.

Invesco Mutual Fund

Reliance Asset Management Company Ltd.

HSBC BankBrokerage Structure - Aug'18(Lumpsum & SIP Investments)

Proposed Category Scheme Name Exit LoadClaw Back Period for

a,b

Distribution Incentive(a)

1st Yr. Trail (p.a)

2nd Yr. Onwards Trail (p.a)

EquityLarge Cap Reliance Large Cap Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Large & Mid Cap RELIANCE VISION FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Multi Cap Reliance Multi Cap Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Focused Fund - Multi Cap Reliance Focussed Equity Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Mid Cap RELIANCE GROWTH FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Small Cap RELIANCE SMALL CAP FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Value Fund Reliance Value Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%

RELIANCE BANKING FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%RELIANCE PHARMA FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Reliance Consumption Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Reliance Power & Infra Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%RELIANCE JAPAN EQUITY FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%RELIANCE US EQUITYOPPORTUNITIES FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Reliance Quant Fund 1 month No

Clawback NIL 0.70% 0.70% 1.50%HybridConservative Hybrid Reliance Hybrid Bond Fund 12 Months 12 Months NIL 0.90% 0.90% 1.00%Aggressive Hybrid Reliance Equity Hybrid Fund 12 Months 12 Months NIL 1.20% 1.20% 1.50%Equity Savings RELIANCE EQUITY SAVINGS FUND 12 Months 12 Months NIL 0.90% 0.90% 1.50%Balanced Advantage Reliance Balanced Advantage Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Goal BasedELSS RELIANCE TAX SAVER FUND 3 yr lock in 3 yr lock in NIL 1.20% 1.20% 1.50%

RELIANCE RETIREMENT FUND - WEALTH CREATION 5 yr lock in 5 yr lock in NIL 1.20% 1.20% 1.50%

RELIANCE RETIREMENT FUND - INCOME GENERATION 5 yr lock in 5 yr lock in NIL 1.20% 1.20% 1.50%

Index & FOFRELIANCE INDEX FUND - NIFTY PLAN 7 days No NIL 0.40% 0.40% NILRELIANCE INDEX FUND - SENSEX PLAN 7 days No

Clawback NIL 0.40% 0.40% NILFOF RELIANCE GOLD SAVINGS FUND 12 Months 12 Months NIL 0.60% 0.60% NILDebtLow Duration Fund Reliance Low Duration Fund NIL No NIL 0.25% 0.20% NIL

Corporate Bond Reliance Prime Debt Fund NIL No Clawback NIL 0.25% 0.20% NIL

Short Duration Fund RELIANCE SHORT TERM FUND NIL No Clawback NIL 0.65% 0.50% NIL

Long Duration Fund Reliance Nivesh Lakshya Fund NIL NIL NIL 0.30% 0.30% NIL

Banking & PSU RELIANCE BANKING & PSU FUND NIL No Clawback NIL 0.15% 0.10% NIL

Floater Reliance Floating Rate Fund 1 Month No Clawback NIL 0.20% 0.20% NIL

Credit Risk Reliance Credit Risk Fund 12 Months 12 Months NIL 0.90% 0.90% 0.50%Medium Duration Reliance Strategic Debt Fund 12 Months 12 Months NIL 1.05% 1.05% NILDynamic Bond RELIANCE DYNAMIC BOND FUND 12 Months 12 Months NIL 0.90% 0.90% NILMedium & Long Duration RELIANCE INCOME FUND NIL No NIL 1.00% 1.00% NIL

Gilt RELIANCE GILT SECURITIES FUND NIL No Clawback NIL 1.00% 1.00% NIL

ArbitrageArbitrage Reliance Arbitrage Fund 1 month No

Clawback NIL 0.50% 0.50% NILLiquid/Ultra Liquid

Liquid Fund Reliance Liquid Fund NIL No Clawback NIL 0.05% 0.05% NIL

Money Market Reliance Money Market Fund NIL No Clawback NIL 0.05% 0.05% NIL

Ultra Short Duration Reliance Ultra Short Duration Fund NIL No Clawback NIL 0.75% 0.50% NIL

Please refer annexure for detailed terms & conditions and SIP Insure brokerage

Index

T-30 & B-30 Annual Retention

Incentive for B-30 Locations(b)

Sectoral

Thematic

Retirement

SCHEME NAME ASSET CLASS EXIT PERIODCLAWBACK

PERIOD Slabs Upfront T30Special incentive for B30 Total B30 incentive Trail 1st year Trail 2nd / 3rd year

Trail 4th year onwards

Kotak Bluechip Fund Equity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.20 1.15 1.15

Kotak Equity Opportunities FundEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.25 1.25 1.25

Kotak Standard Multicap FundEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.25 1.25 1.25

Kotak India EQ Contra FundEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.20 1.15 1.15

Kotak Equity HybridEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.20 1.20 1.20

Kotak Emerging EquityEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Small Cap FundEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.20 1.15 1.15

Kotak Infrastructure & Economic Reform Fund Equity 12 Months 12 Months Any Amount 0.00 1.25 1.25 1.20 1.15 1.15

Kotak Tax Saver Fund<=1.5 lakhs 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Tax Saver Fund>1.5 lakhs 0.00 1.50 1.50 1.15 1.15 1.15

Kotak Global Emerging FundEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 0.55 0.55 0.55

Kotak World Gold Fund Equity 12 Months 12 Months Any Amount 0.00 1.50 1.50 0.70 0.70 0.70

Kotak US Equity Fund Equity 12 Months 12 Months Any Amount 0.00 1.50 1.50 0.60 0.60 0.60

Kotak Asset Allocator FundEquity 12 Months 12 Months Any Amount 0.00 1.50 1.50 0.80 0.80 0.80

Kotak Equity Savings SchemeEquity 12 Months 12 Months Any Amount 0.00 1.00 1.00 0.95 0.95 0.95

Kotak Arbitrage Fund

Equity 30 days NIL Any Amount 0.00 0.00 0.00 0.45 0.45 0.45

Kotak Debt Hybrid Debt 12 Months 12 Months Any Amount 0.00 1.25 1.25 1.20 1.15 1.15

Kotak Credit Risk FundDebt 12 Months 12 Months Any Amount 0.00 1.50 1.50 1.00 1.00 1.00

Kotak Medium Term FundDebt 18 Months 12 Months Any Amount 0.00 1.50 1.50 1.00 1.00 1.00

Kotak Bond FundDebt

0.20% within 3 months & Nil after 3 months 3 Months Any Amount 0.00 1.25 1.25 0.95 0.90 0.90

Kotak Bond Short Term Fund

Debt NIL NIL Any Amount 0.00 0.00 0.00 0.75 0.75 0.75

Kotak Gilt Investments FundDebt NIL 12 Months Any Amount 0.00 1.50 1.50 1.10 1.10 1.10

Kotak Banking and PSU Debt FundDebt NIL N/A Any Amount 0.00 0.00 0.00 0.30 0.30 0.30

Kotak Low Duration FundDebt NIL N/A Any Amount 0.00 0.00 0.00 0.75 0.75 0.75

Kotak Gold FundDebt 12 Months N/A Any Amount 0.00 0.00 0.00 0.65 0.65 0.65

Kotak Dynamic Bond FundDebt NIL NIL Any Amount 0.00 0.00 0.00 0.65 0.65 0.65

Kotak Savings Fund Debt NIL N/A Any Amount 0.00 0.00 0.00 0.40 0.40 0.40

Kotak Corporate Bond Fund Debt NIL N/A Any Amount 0.00 0.00 0.00 0.25 0.25 0.25

Kotak Liquid FundDebt NIL N/A Any Amount 0.00 0.00 0.00 0.03 0.03 0.03

Kotak Money Market Scheme Debt NIL N/A Any Amount 0.00 0.00 0.00 0.03 0.03 0.03

Equity

NIL Nil

vi. The load structures may change at the discretion of AMC / Trustee. Please refer to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer Document(s).

vii. Switches will be eligible for brokerage (upfront/trail) as per the distributor's applicable brokerage in the scheme but subject to applicable clawback of the switch out scheme. Option changes within the same scheme are not treated as switches

viii. In accordance with the SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2018/16 dated February 02, 2018, the brokerage paid on B30 cities shall be subject to full clawback if redeemed within one year from the date of investment. The brokerage paid for T30 cites will be subject to proportionate clawback as per the clawback period mentioned in the structure. Please note, the clawback clause will be effective 01-April-2018.

ix. In the eventuality of the clawback brokerage being higher than that month’s upfront & trail brokerage payable, the broker shall refund the same forth.

x. The AMC at its discretion, if it believes that the upfront payable to a distributor is in excess of the trail being currently payable to him, may pay the upfront in staggered installments over one year.

i. Brokerage Structures are subject to the terms of empanelment and applicable laws and regulations, including SEBI (Mutual Fund) Regulations, AMFI Regulations, laws relating to Service Tax, Income Tax, etc.

ii. All Upfront/Trail Brokerages will be calculated for every calendar month and will be paid out in the following month.

v. The AMC reserves the right not to pay upfront brokerage on assets mobilised through multiple / split applications from the same investor, where such arrangement is made with an intention to avail upfront brokerage otherwise not available on the investment.

iii. This brokerage structure is applicable till further notice and is subject to changes at the discretion of AMC/ Trustee.

iv. In case of any regulatory changes with respect to expense ratio, the past / present brokerage structure may be reviewed by the AMC.

xi. The AMC reserves the right to suspend the brokerage payable, if brought to our notice that higher brokerage is offered to sub-brokers or you have violated the code of conduct and/or rules/regulations laid down by SEBI and AMFI

BROKERAGE STRUCTURE FOR JULY-SEPT 2018

ARN-0022 Advisor Name - Hongkong & Shanghai Banking Corporation Ltd.

TERMS AND CONDITIONS:I. GENERAL

HSBC BankBrokerage Structure - Aug'18(Lumpsum & SIP Investments)

Proposed Category Scheme Name Exit LoadClaw Back Period for

a,b

DistributionIncentive(a)

1st Yr. Trail (p.a)

2nd Yr. OnwardsTrail (p.a)

EquityLarge Cap Reliance Large Cap Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Large & Mid Cap RELIANCE VISION FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Multi Cap Reliance Multi Cap Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Focused Fund - Multi Cap Reliance Focussed Equity Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Mid Cap RELIANCE GROWTH FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Small Cap RELIANCE SMALL CAP FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Value Fund Reliance Value Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%

RELIANCE BANKING FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%RELIANCE PHARMA FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Reliance Consumption Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Reliance Power & Infra Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%RELIANCE JAPAN EQUITY FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%RELIANCE US EQUITYOPPORTUNITIES FUND 12 Months 12 Months NIL 1.10% 1.10% 1.50%Reliance Quant Fund 1 month No

Clawback NIL 0.70% 0.70% 1.50%HybridConservative Hybrid Reliance Hybrid Bond Fund 12 Months 12 Months NIL 0.90% 0.90% 1.00%Aggressive Hybrid Reliance Equity Hybrid Fund 12 Months 12 Months NIL 1.20% 1.20% 1.50%Equity Savings RELIANCE EQUITY SAVINGS FUND 12 Months 12 Months NIL 0.90% 0.90% 1.50%Balanced Advantage Reliance Balanced Advantage Fund 12 Months 12 Months NIL 1.10% 1.10% 1.50%Goal BasedELSS RELIANCE TAX SAVER FUND 3 yr lock in 3 yr lock in NIL 1.20% 1.20% 1.50%

RELIANCE RETIREMENT FUND - WEALTH CREATION 5 yr lock in 5 yr lock in NIL 1.20% 1.20% 1.50%

RELIANCE RETIREMENT FUND - INCOME GENERATION 5 yr lock in 5 yr lock in NIL 1.20% 1.20% 1.50%

Index & FOFRELIANCE INDEX FUND - NIFTY PLAN 7 days No NIL 0.40% 0.40% NILRELIANCE INDEX FUND - SENSEX PLAN 7 days No

Clawback NIL 0.40% 0.40% NILFOF RELIANCE GOLD SAVINGS FUND 12 Months 12 Months NIL 0.60% 0.60% NILDebtLow Duration Fund Reliance Low Duration Fund NIL No NIL 0.25% 0.20% NIL

Corporate Bond Reliance Prime Debt Fund NIL No Clawback NIL 0.25% 0.20% NIL

Short Duration Fund RELIANCE SHORT TERM FUND NIL No Clawback NIL 0.65% 0.50% NIL

Long Duration Fund Reliance Nivesh Lakshya Fund NIL NIL NIL 0.30% 0.30% NIL

Banking & PSU RELIANCE BANKING & PSU FUND NIL No Clawback NIL 0.15% 0.10% NIL

Floater Reliance Floating Rate Fund 1 Month No Clawback NIL 0.20% 0.20% NIL

Credit Risk Reliance Credit Risk Fund 12 Months 12 Months NIL 0.90% 0.90% 0.50%Medium Duration Reliance Strategic Debt Fund 12 Months 12 Months NIL 1.05% 1.05% NILDynamic Bond RELIANCE DYNAMIC BOND FUND 12 Months 12 Months NIL 0.90% 0.90% NILMedium & Long Duration RELIANCE INCOME FUND NIL No NIL 1.00% 1.00% NIL

Gilt RELIANCE GILT SECURITIES FUND NIL No Clawback NIL 1.00% 1.00% NIL

ArbitrageArbitrage Reliance Arbitrage Fund 1 month No

Clawback NIL 0.50% 0.50% NILLiquid/Ultra Liquid

Liquid Fund Reliance Liquid Fund NIL No Clawback NIL 0.05% 0.05% NIL

Money Market Reliance Money Market Fund NIL No Clawback NIL 0.05% 0.05% NIL

Ultra Short Duration Reliance Ultra Short Duration Fund NIL No Clawback NIL 0.75% 0.50% NIL

Please refer annexure for detailed terms & conditions and SIP Insure brokerage

Index

T-30 & B-30 AnnualRetention

Incentive for B-30 Locations(b)

Sectoral

Thematic

Retirement

Kotak Asset Management Company

MFC

D_2

_08/18