Provided there is a financial transaction in the folio in the previous month. Further, where there are no transactions in a folio during any six-month period, a CAS detailing holding across all schemes of all mutual funds at the end of every such six month period (i.e. September / March), shall be sent by post/e-mail on or before the 21st day of the month following that half year, to all such Unit holders.
As per SEBI guidelines, mutual funds are required to adopt full trail model of commission in all schemes, without payment of any upfront commission or upfronting of any trail commission.
Upfronting of trail commission means payment of expected future trail commission upfront at the time of the transaction.
The upfronting of trail commissions, based on SIP inflows, shall be up to 1 percent payable yearly in advance, for a maximum period of three years.
The upfronting of trail commission is applicable for SIP of up to Rs. 3000 per month, per scheme, for an investor who is investing for the first time in Mutual Fund schemes.
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