Sub-Brokerage Structure - Finapolis
Sub-Brokerage Structure - Finapolis
Sub-Brokerage Structure - Finapolis
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Sub</strong>-<strong>Brokerage</strong> <strong>Structure</strong><br />
April 1, 2012 - June 30, 2012<br />
Mutual<br />
Fund<br />
AIG<br />
Eligible Schemes<br />
SIP Upf<br />
(Gross)<br />
Additional per SIP Incentive / Additional Upfront<br />
SIP Duration<br />
SIP Installment Per Month (Gross)<br />
`1000-1999 `2000-2999 `3000-4999 `5000-10000 Above `10000<br />
AIG India Equity 0.60% 24 - 35 Months 80 180<br />
AIG Economic Reforms 0.60% 36 - 59 Months 120 280<br />
AIG World Gold 0.40% 60 Months & above 200 400<br />
Franklin Equity Scheme* 0.60%<br />
HDFC<br />
IDBI<br />
JPMorgan<br />
Reliance<br />
SBI @ MFSU Contra Fund 0.40%<br />
Equity schemes* 0.40%<br />
Sundaram<br />
Mutual<br />
Fund<br />
Pramerica<br />
MF<br />
Mutual<br />
Fund<br />
12 - 23 Months 0 0 0 0 0<br />
24 - 35 Months 95 190 190 480 480<br />
36 - 59 Months 145 290 290 720 720<br />
60 Months & above 240 480 480 1200 1200<br />
12 - 35 Months 40 80 0.24% Addl. Upfront <strong>Brokerage</strong><br />
Equity Scheme* 0.40% 36 - 59 Months 100 200<br />
60 Months & above 200 400<br />
0.40% Addl. Upfront <strong>Brokerage</strong><br />
HDFC Gold Fund 0.60%<br />
36 - 59 Months 100 200 0.24%<br />
60 Months & above 200 400<br />
Addl. Upfront <strong>Brokerage</strong><br />
12 - 23 Months 80 160 240<br />
IDBI Nifty Index Fund,<br />
24 - 35 Months 160 320 480<br />
0.60%<br />
IDBI Nifty Junior Index 0.60%<br />
36 - 59 Months 240 480 720 Addl. Upfront <strong>Brokerage</strong><br />
Fund<br />
60 Months & above 400 800 1200<br />
JPMorgan India Equity<br />
12 - 23 Months 0 80 80 80 80<br />
Fund, JPMorgan India<br />
24 - 35 Months 0 80 80 80 80<br />
Smaller Companies 0.80% 36 - 47 Months 140 160 160 1000 2000<br />
Fund, JPMorgan India<br />
48 - 59 Months 160 200 200 1000 2000<br />
Tax Advantage Fund<br />
60 Months & above 240 280 280 1600 3200<br />
36 - 59 Months 120 200 240 560 0.28%<br />
All Equity Scheme &<br />
0.50% 60 Mths - < 10 Yrs 240 480 520 960 Addl. Upfront<br />
MIP<br />
10 Yrs & above 280 560 640 1440<br />
Brok<br />
36 - 59 Months 150 240 400 560 840<br />
Reliance Gold Saving<br />
- 60 Mths - < 10 Yrs 200 360 560 840 1440<br />
Fund<br />
10 Yrs & above 240 480 680 1040 1800<br />
36 - 59 Months 160 320 480 720 1200<br />
60 Months & above 280 520 640 1040 2000<br />
36 - 59 Months 70 145 215 360 720<br />
60 Months & above 120 240 360 600 1200<br />
SBI Gold Fund - 36 Months & above 160 240 600<br />
Equity Schemes except<br />
Select Midcap, Select<br />
Focus, Tax Saver<br />
Eligible Schemes<br />
Pramerica Equity Fund,<br />
Pramerica Dynamic Fund<br />
& Pramerica Dynamic<br />
Monthly Income<br />
Eligible<br />
Schemes<br />
SIP Upf<br />
(Gross)<br />
L & T Equity Scheme 0.40%<br />
UTI Equity Scheme -<br />
Mutual<br />
Fund<br />
ICICI<br />
Prudential<br />
Eligible<br />
Schemes<br />
Equity<br />
Scheme*<br />
SIP Upf<br />
(Gross)<br />
0.40%<br />
Gold Fund -<br />
0.72%<br />
SIP Upf<br />
(Gross)<br />
0.60%<br />
12 - 35 Months 130<br />
36 - 59 Months 210<br />
60 Months & above 330<br />
SIP Duration<br />
SIP Installment Per Month (Gross)<br />
`1000-1999 `2000-4999 `5000-7999 `8000-9999 `10000 & above<br />
12 - 23 Months 40 80 215 345 480<br />
24 - 35 Months 80 190 530 845 1150<br />
36 - 47 Months 160 360 880 1410 1880<br />
48 - 59 Months 290 560 1200 1920 2560<br />
60 Months & above 360 720 1600 2560 3200<br />
SIP Duration<br />
SIP Installment Per Month (Gross)<br />
`1000-1999 `2000-2999 `3000-3999 `4000-4999 `5000 & Above<br />
12 - 23 Months 50 95 145 190 240<br />
24 - 35 Months 95 190 290 385 480<br />
36 - 47 Months 145 290 430 575 720<br />
48 - 59 Months 190 385 575 770 960<br />
60 Months & above 240 480 720 960 1200<br />
24 - 35 Months 95 190 290 385 480<br />
36 - 47 Months 145 290 430 575 720<br />
48 - 59 Months 190 385 575 770 960<br />
60 Months & above 240 480 720 960 1200<br />
SIP Duration<br />
SIP Installment Per Month (Gross)<br />
`1000-1999 `2000-2999 `3000-3999 `4000-4999 `5000-6000 Above ` 6000<br />
12 - 23 Months 0 80 120 160 200<br />
0.32%<br />
24 - 35 Months 0 160 240 320 400<br />
Addl. Upfront<br />
36 - 59 Months 0 240 360 480 600<br />
60 Months & above 0 400 600 800 1000<br />
Brok<br />
12 - 23 Months 0 80 120 160 200 0.32%<br />
24 - 35 Months 0 160 240 320 400 Addl. Upfront<br />
36 Months & above 0 240 360 480 600 Brok<br />
1.00% Upfront per<br />
installment<br />
Kotak Gold Fund - 36 Months & above 160 240 360 480<br />
Mutual<br />
Fund<br />
Peerless<br />
Eligible Schemes<br />
Peerless Income Plus<br />
Fund, Peerless Equity<br />
Fund, Peerless MF<br />
Child Plan<br />
SIP Upf<br />
(Gross)<br />
0.80%<br />
SIP Duration<br />
SIP Installment Per Month (Gross)<br />
`1000-1999 `2000-2999 `3000-4999 `5000 & above<br />
12 - 23 Months 70 145 215 360<br />
24 - 35 Months 110 290 430 720<br />
36 - 47 Months 160 435 640 960<br />
48 Months & above 280 575 800 1200<br />
Registered Office : “Karvy House”, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500 034.<br />
Tel. 2331 2454, 2332 0751 / 0752 Fax: 040 - 6662 1474<br />
URLs: www.thefinapolis.com, www.karvy.com, E-mail: associatesservice@karvy.com
<strong>Sub</strong>-<strong>Brokerage</strong> <strong>Structure</strong><br />
April 1, 2012 - June 30, 2012<br />
*FT Schemes: Franklin Asian Equity Fund, Franklin Build India Fund, Franklin India Bluechip Fund, Franklin India Flexi Cap Fund, Franklin India High Growth Companies Fund,<br />
Franklin India Opportunities Fund, Franklin India Prima Fund, Franklin India Prima Plus, Franklin India Smaller Companies Fund, Templeton India Equity Income Fund, Templeton<br />
India Growth Fund.<br />
*HDFC Schemes: HDFC Growth Fund, HDFC Balanced Fund, HDFC Capital Builder Fund, HDFC Core & Satellite Fund, HDFC Children’s Gift Fund, HDFC Premier Multi-Cap Fund,<br />
HDFC Mid-Cap Opportunities Fund, HDFC Long Term Equity Fund, HDFC Infrastructure Fund.<br />
*SBI Schemes: Magnum Equity Fund, Magnum Global Fund, MSFU-Emerging Businesses Fund, FMCG Fund, Pharma Fund, IT Fund, Magnum Multiplier Plus 93, Magnum Taxgain<br />
Scheme 93, Magnum Midcap Fund, Magnum Multicap Fund, SBI PSU Fund, Magnum COMMA Fund, SBI Infrastructure Fund, SBI One India Fund & Magnum Balanced Fund.<br />
*ICICI Schemes: ICICI Prudential Dynamic Plan, ICICI Prudential Infrastructure Fund, ICICI Prudential Focused Bluechip Equity Fund, ICICI Prudential Discovery Fund, ICICI<br />
Prudential Child Care Plan – Gift Plan, ICICI Prudential Tax Plan, ICICI Prudential Balanced Fund, ICICI Prudential Mid-cap Fund, ICICI Prudential Banking & Financial Services Fund,<br />
ICICI Prudential FMCG Fund, ICICI Prudential Top 200 Fund, ICICI Prudential Top 100 Fund, ICICI Prudential Equity & Derivatives Fund – Volatility Advantage Plan, ICICI Prudential<br />
Technology Fund, ICICI Prudential Service Industries Fund.<br />
@SBI MF: All existing open-end equity funds (except SBI Bluechip, Magnum Index Fund and SBI Arbitrage Opportunity Fund) will be eligible.<br />
Mutual<br />
Fund<br />
Birla<br />
Eligible Schemes<br />
SIP Upf<br />
(Gross)<br />
SIP Duration<br />
SIP Additional Incentive (on value procured)<br />
SIP Installment Per Month (Gross)<br />
` 1000-1999 ` 2000-2999 ` 3000-4999 ` 5000-10000 Above ` 10000<br />
Equity Schemes* 0.60% 12 - 59 Months Amount of SIP × Tenure × 0.40%<br />
60 Months & above #<br />
Gold Fund - 36 Months & above Amount of SIP × 0.40% × 12 months upfront & 0.40% upfront monthly from 13 installment<br />
12 - 59 Months<br />
DSP<br />
BlackRock @ All Equity Schemes* 0.60%<br />
Amount of SIP ×<br />
Tenure × 0.28%<br />
60 Months & above # Amount of SIP ×<br />
Tenure × 0.36%<br />
Amount of SIP × Tenure × 0.36%<br />
Amount of SIP × Tenure × 0.40%<br />
Fidelity @ 12 - 35 Months Amount of SIP × Tenure × 0.28%<br />
Other Equity<br />
0.60%<br />
Amount of SIP ×<br />
Schemes*<br />
36 Months & above<br />
Amount of SIP × Tenure × 0.40%<br />
Tenure × 0.28%<br />
Kotak All Equity Schemes* - 12 - 60 Months Amount of SIP × Tenure × 0.40% NIL<br />
Equity Fund 0.60% 12 - 60 Months Amount of SIP × Tenure × 0.20%<br />
Mirae Equity Schemes* 0.80% 12 - 60 Months # Amount of SIP × Tenure × 0.40%<br />
Morgan Morgan Growth 0.60% 12 - 60 Months Amount of SIP × Tenure × 0.60% NIL<br />
Stanley Morgan ACE 0.60% 12 - 60 Months Amount of SIP × Tenure × 0.40% NIL<br />
TATA All Equity Schemes 0.60% 24 - 59 Months 60 Months & above #<br />
Amount of SIP × Tenure × 0.40%<br />
Mutual<br />
Fund<br />
Eligible Schemes<br />
SIP Upf<br />
(Gross)<br />
UTI Equity Schemes -<br />
SIP Duration<br />
SIP Installment Per Month (Gross)<br />
` 1000 - 49,999<br />
` 50000 & above<br />
24 - 59 Months Amount of SIP/STP × Tenure × 0.40% 50,000 × Tenure × 0.40%<br />
60 Months & above Amount of SIP/STP × 60 × 0.40% 50,000 × 60 × 0.40%<br />
*Birla Eligible Schemes: Birla Sun Life New Millenium Fund, Birla Sun Life’95 Fund, Birla Sun Life Freedom Fund, Birla Sun Life Dividend Yield Plus, Birla Sun Life Frontline Equity<br />
Fund Plan, Birla Sun Life Midcap Fund Plan A and B, Birla Sun Life Equity Fund, Birla Sun Life MNC Fund, Birla Sun Life India GenNext Fund, Birla Sun Life Infrastructure Fund Plan<br />
A and B, Birla Sun Life Special Situations Fund, Birla Sun Life International Equity Fund Plan B, Birla Sun Life India Reforms Fund, Birla Sun Life Small and Midcap Scheme, Birla Sun<br />
Life Tax Relief’96, Birla Sun Life Tax Plan and Birla Sun Life Pure Value Fund.<br />
*DSPBR: Applicable for all equity, hybrid schemes except for any FOF schemes.<br />
*Fidelity MF: Other Equity Schemes: Fidelity India Special Situations Fund, Fidelity India Growth Fund, Fidelity India Value Fund, Fidelity International Opportunities Fund, Fidelity<br />
Global Real Assets Fund.<br />
*Kotak MF: All equity schemes except Arbitrage. Upfronting will be applicable for maximum upto ` 5,000/- SIP for upto 5 years. On the ceaser of the SIP proportionate clawback<br />
will be applicable.<br />
*Mirae Eligible Schemes: Mirae Asset India Opportunities Fund, Mirae Asset Emerging Bluechip Fund, Mirae Asset China Advantage Fund, Mirae Asset India-China Consumption<br />
Fund & Mirae Asset Global Commodity Stocks Fund.<br />
@DSP BR MF & Fidelilty MF: The amount of SIP / STP per transaction has been capped at ` 10,000/-. No additional incentive will be paid for re-registered cases.<br />
#A maximum of 5 years (60 months) has been capped for additional incentive payouts.<br />
Elaboration of Payments (some examples):<br />
(a) Additional Incentive Payout for SIP of ` 2500 for 3 years in any Equity schemes (36 months) will be:<br />
Total Amount of investment : ` 2500 × 36 = ` 90,000 Total Incentive : ` 90,000 × 0.45% = ` 405<br />
(b) Additional Incentive Payout for SIP of ` 2500 for 5 years in any Equity schemes (60 months is max limit) :<br />
Total Amount of investment in 5 years : ` 2500 × 60 = ` 1,50,000 Total Incentive : ` 1,50,000 × 0.50% = ` 750<br />
Terms & Conditions SIP / STP Schemes:<br />
The above per application structure and all other schemes mentioned in this structure are applicable only for AMFI-certified associates registered with<br />
Karvy.<br />
All <strong>Brokerage</strong>s / Incentives are gross & inclusive of all statutory levies including service tax & education cess. Net Amount after deducting the statutory<br />
levies will be paid.<br />
Associates are required to strictly adhere to the Code of Conduct prescribed by SEBI and AMFI and should not indulge in any practice contravening it<br />
directly or indirectly.<br />
In case of a collection data mismatch between KARVY and Business Associate the MIS computed by Karvy will be considered final for the purpose of<br />
incentive calculation.<br />
The per application incentive will be paid to the associates on receipt of payment from the respective AMCs, as per their payment schedule.<br />
Karvy Stock Broking Ltd reserves the right to change or terminate, add any participating scheme or AMC in this structure, with or without any prior<br />
notice.<br />
All AMCs Per application incentive shall be paid subject to clearance of first 3 subsequent SIP / STP installments.<br />
<strong>Structure</strong> is applicable only for Monthly SIP / STP registered during this period with first installment on or before June 30, 2012.<br />
Equivalent amount of SIP / STP per application incentive shall be recovered in full from future brokerage payable in the event of dis-continuation / default<br />
of any installment of SIP / STP and change in broker code including that to direct.<br />
Incase of multiple applications by same investor in same scheme, only one application will be considered for per application incentive calculations.<br />
Any disputes arising out of this structure will be subject to Hyderabad Jurisdiction only.<br />
Registered Office : “Karvy House”, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500 034.<br />
Tel. 2331 2454, 2332 0751 / 0752 Fax: 040 - 6662 1474<br />
URLs: www.thefinapolis.com, www.karvy.com, E-mail: associatesservice@karvy.com<br />
NIL<br />
NIL
<strong>Sub</strong>-<strong>Brokerage</strong> <strong>Structure</strong><br />
April 1, 2012 - June 30, 2012<br />
ELSS Schemes ...<br />
Special Schemes… ELSS Funds<br />
Participating Funds and Basic Commission Rates<br />
Name of the Scheme<br />
Application Amount<br />
Up-front Commission<br />
(Gross)<br />
BNP Tax Advantage Plan Any Amount 4.40%<br />
L & T Tax Saver Any Amount 3.60%<br />
TATA Tax Saving Fund < = 5 Crores 3.60%<br />
Taurus Tax Shield Any Amount 3.60%<br />
Bharti AXA Tax Advantage Fund Any Amount 3.20%<br />
DSPBR Tax Saver Fund Any Amount 3.20%<br />
Fidelity Tax Advantage Fund Any Amount 3.20%<br />
Kotak Tax Saver Any Amount 3.20%<br />
Reliance Tax Saver Fund Any Amount 3.20%<br />
Sundaram Tax Saver Any Amount 3.20%<br />
Religare Tax Plan
<strong>Sub</strong>-<strong>Brokerage</strong> <strong>Structure</strong><br />
April 1, 2012 - June 30, 2012<br />
MIP & Other Schemes ...<br />
Special Schemes… MIP & Other<br />
Name of the Scheme<br />
Application Amount<br />
Up-front Commission<br />
(Gross)<br />
Peerless Child Plan Any Amount 1.60%<br />
Peerless Income Plus Fund Any Amount 1.60%<br />
Birla Monthly Income Any Amount 1.00%<br />
Birla SL MIP II - Wealth 25 Any Amount 1.00%<br />
Birla Sunlife MIP Any Amount 1.00%<br />
BNP Monthly Income Plan < = 2 Crores 1.00%<br />
FT India Monthly Income Plan Any Amount 1.00%<br />
ICICI Pru MIP 25 Any Amount 1.00%<br />
Kotak Monthly Income Plan < = 3 Crores 1.00%<br />
Pramerica Dynamic Monthly Income Fund Any Amount 1.00%<br />
Religare MIP Plus < = 2 Crores 1.00%<br />
Taurus MIP Advantage Any Amount 1.00%<br />
HSBC Monthly Income Plan Any Amount 0.80%<br />
ICICI Pru Monthly Income Plan Any Amount 0.80%<br />
ICICI Pru MIP 5 Any Amount 0.80%<br />
L & T Monthly Income Plan Any Amount 0.80%<br />
SBI Magunum MIP Fund Any Amount 0.80%<br />
AXIS Income Saver Fund Any Amount 0.80%<br />
IDFC Monthly Income Plan Any Amount 0.80%<br />
Edelweiss Monthly Income Plan Any Amount 0.80%<br />
Reliance Monthly Income Plan Any Amount 0.80%<br />
Sundaram Monthly Income Plan Any Amount 0.80%<br />
TATA MIP Plus < = 5 Crores 0.80%<br />
LIC Monthly Income Plan Any Amount 0.72%<br />
Principal Debt Saving Fund - MIP Any Amount 0.68%<br />
Baroda Pioneer MIP Fund Any Amount 0.60%<br />
Fidelity India Childern’s plan Education
<strong>Sub</strong>-<strong>Brokerage</strong> <strong>Structure</strong><br />
April 1, 2012 - June 30, 2012<br />
Equity Schemes ...<br />
Lump sum application Upfront brokerage<br />
Name of the Scheme<br />
Application<br />
Amount<br />
Up-front<br />
Commission<br />
(Gross)<br />
Peerless Equity Fund Any Amount 1.60%<br />
Pramerica Equity Fund Any Amount 1.20%<br />
Daiwa Industry Leaders Fund Any Amount 1.00%<br />
Religare Equity*
Change language