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Under SEBI (Mutual Funds) Regulations, 1996, Mutual Funds are permitted to charge certain operating expenses for managing a mutual fund scheme — such as sales & marketing/advertising expenses, administrative expenses, transaction costs, investment management fees, registrar fees, custodian fees, and audit fees — as a percentage of the fund's daily net assets.
All such costs for running and managing a mutual fund scheme are collectively referred to as the 'Total Expense Ratio' (TER).
As a mutual fund distributor, we are paid a commission out of the TER charged by the Mutual Fund. Hence the maximum amount of our commission is capped to the extent of the TER.
Download Commission Disclosure