structure - d additional distributor remuneration …...additional fixed income upfront – may...

Additional Fixed Income Upfront – May ’13 – ND-D of 1

Structure - D

Additional Distributor Remuneration Structure Period of Applicability: May 1 to 31, 2013

* Mobilization means Fresh Purchases and Switch-ins from other Funds

Notes: 1) All the Terms and Conditions outlined in the Notes section of Annexure 1 – Distributor Remuneration

Structure will be applicable for the above additional remuneration structure. 2) The Additional Upfront Brokerage payable will be recovered in a pro-rata manner as outlined in the

Structure B of the Distributor Remuneration Structure in case the investments are redeemed / switched out to another fund / switched out to the Direct Plan before the end of the Exit Load period or One year from the date of the investment, whichever is later.

3) The brokerage payable on switches into these funds will be as outlined in Para 3 – Brokerage payable on switches in Section B – General in Notes of the Distributor Remuneration Structure.

4) The switches between any of these three funds into any of the other two funds (e.g. TIIBA to TIIOF or TIBCOF) will be not be eligible for the additional brokerage.

Fund Type & Fund Name Mobilization Amount*

Additional Upfront

Brokerage

1) Templeton India Income Builder Account (TIIBA) – Plan A Total mobilization of Rs. 15 Crore in these three funds

0.15%

2) Templeton India Income Opportunities Fund (TIIOF) 0.10%

3) Templeton India Corporate Bond Opportunities Fund (TICBOF)

Please read this brokerage structure with the terms and conditions

Brokerage and Load StructureEffective from April 22, 2013 to April 30, 2013

Brokerage Structure Load Structure

Top 15 Cities Beyond 15 Cities

Name of the Scheme AmountDistribution

Incentive (%)Additional

Incentive (%)Trail Year 1

(%)(p.a.)(A.P.M.)*Trail Year 2

(%)(p.a.)(A.P.M.)*

Trail Year 3

onwards

(%)(p.a.)(A.P.M.)*

Distribution




(%)(p.a.)(A.P.M.)*

Trail Year 3

onwards

(%)(p.a.)(A.P.M.)*

Minimum Investment

AmountExit Load

Equity Schemes

Axis Equity Fund NA 1.50 NIL 0.25 0.50 0.75 0.50 1.50 0.50 0.75 0.75

Please Refer $ Please Refer $$Axis MidCap Fund NA 1.50 NIL 0.25 0.50 0.75 0.50 1.50 0.50 0.75 0.75

Axis Focused 25 Fund NA 1.25 NIL 0.25 1.00 0.75 0.50 1.50 0.50 0.75 0.75

Hybrid Schemes

Axis Income Saver NA 1.25 NIL 0.25 1.00 0.75 0.50 1.50 0.50 0.75 0.75Please Refer $

1.00% if redeemed / switched out within 1

year from the date of allotment

Axis Triple Advantage Fund NA 1.50 NIL 0.25 0.50 0.75 0.50 1.50 0.50 0.75 0.751.00% if redeemed / switched out within 2

years from the date of allotmentELSS Scheme

Axis Long Term Equity Fund NA 4.00 NIL NIL NIL 0.75^ 5.00 NIL NIL NIL 0.75^Rs. 500/‐

for Lumpsum

& SIP #NIL

Debt Schemes

Axis Income Fund NA 1.25 NIL NIL 0.50 0.50 1.25 NIL NIL 0.50 0.50

Please Refer $



Axis Dynamic Bond Fund NA 1.00 NIL 0.50^^ 0.50 0.50 1.00 NIL 0.50^^ 0.50 0.501.00% if redeemed / switched out within 6

months from the date of allotment

Axis Short Term Fund NA 0.25 NIL 0.75 0.75 0.75 0.25 NIL 0.75 0.75 0.750.50% if redeemed / switched out within 3


Axis Banking Debt Fund NA NIL NIL 0.10 0.10 0.10 NIL NIL 0.10 0.10 0.100.25% if redeemed / switched out within 1

month from the date of allotment

Axis Treasury Advantage

Fund

Above Rs.2 Cr NIL NIL 0.10 0.10 0.10 NIL NIL 0.10 0.10 0.10NIL

Less than or equal to Rs.2 Cr NIL NIL 0.90 0.90 0.90 NIL NIL 0.90 0.90 0.90

Gilt SchemeAxis Constant Maturity 10

Year FundNA NIL NIL 0.80 0.50 0.50 NIL NIL 0.80 0.50 0.50 Please Refer $ NIL

Commodity Schemes

Axis Gold Fund NA 1.00 NIL NIL 0.50 0.50 1.00 NIL NIL 0.50 0.50 Please Refer $1.00% if redeemed / switched out within 1


Axis Gold ETF NA 0.05** NIL NIL NIL NIL 0.05** NIL NIL NIL NIL Please Refer ** NIL

Money Market Scheme

Axis Liquid Fund NA NIL NIL 0.05 0.05 0.05 NIL NIL 0.05 0.05 0.05 Please Refer $ NIL

A.P.M.* ‐

Annualized Payable Monthly** Distribution Incentive payable on Gold ETF is applicable only

for purchase/switch in submited at Axis AMC Ltd. offices for a minimum of 1000 units. No Trail is applicable$ Minimum Investment Amount ‐

For Lumpsum Investment: Rs. 5000 and for SIP#: Rs. 1000# SIP refers to Systematic Investment Plan^Trail for Axis Long Term Equity Fund will begin from Year 4 onwards^^Trail will begin from 7th month onwards$$ ‐

Exit LoadAxis Equity Fund, Axis Mid Cap Fund and Axis Focused 25 Fund

3% if units are redeemed/switched out upto 6 months from the date of allotment, 2% if units are redeemed/switched out after 6 months and upto 12 months from the date of allotment and 1% if units are redeemed/switched out after 12 months and upto 24 months from the date of allotment


Notes:A. General:1. This is further to your empanelment with Axis Asset Management Company Limited.2.

The Distribution incentive (and any other promotional incentive)

outlined in the table above is applicable for the period 22nd

April,2013 to 30th

April,2013. However, Axis Asset Management Company Limited (AAMC) reserves

the

right to change the Brokerage Rates applicable –

Distribution Incentive/ Additional incentive in the intermittent period in case of Regulatory Changes / Change in Industry practices in respect to payment of Brokerage on Funds or

due to any other circumstances which AAMC may think fit.3. Top 15 cities refers to Top 15 Cities provided by AMFI & Beyond 15 cities refers to all the cities beyond the Top 15 cities. The list of Top 15 cities are: Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Hyderabad, Jaipur,

Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai),

New Delhi(including NCR), Panjim, Pune and Surat4.

Recovery of Distribution incentive Paid: Given the changes in the Regulations w.e.f. October 1, 2012, a new Clause of Recovery of distribution incentive (inclusive of any promotional incentive) paid to the Distributor is being

introduced in the following manner:a. The Distribution incentive for Equity and Hybrid Schemes paid

to a Distributor will be recovered from the Distributor, if the

money (for which such distribution incentive was paid) is redeemed (change in the broker code shall be

considered as redemption) before the completion of one year from

the date of allotment of units (specified period) for such scheme/ investment.b. The Distribution incentive for all schemes other than Equity and Hybrid Schemes paid to a Distributor will be recovered from the Distributor, if the money (for which such distribution incentive was paid) is redeemed before the

completion of the exit load period (specified period) for such scheme/ investment.c. 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 within the specified period. i. No. of days will be considered for the computation of the recoveries wherever the specified period are mentioned in months – 1 month will be considered as 30 days, 3 months as 91 days, 6 months as 182 days, 9 months as 270 days

and 1 year as 365 days respectively. ii. For redemptions within the specified period, the recovery of

the brokerage will be equal to distribution incentive paid x (No. of days for the specified period – No. of days the monies have stayed in the funds) / (No. of days

for the

specified period). d. The following example explains the same: i. A distribution incentive of 0.75% is paid on an Equity Fund, where the specified period is 1 year. For an investment of Rs. 100,000/‐, a distributor would be paid a sum of Rs. 750/‐

as the distribution incentive ii. The investor redeems this money exactly after completion of 180 days. iii. In this case, the recovery will be Rs. 380.14, computed as ((750 * (365 –

180))/365 as per the above formula. e. The Recovery will be made from the Brokerage payable to the Distributor for the month in which redemption has been made. E.g.

If the redemption has been made in the month of October ’12, the recovery will be made from the

Brokerage payable for the month of October ’12 in November ’12. f. In case the Brokerage payable to the Distributor is insufficient to cover the Recovery amount, the Recovery will be tried for

three consecutive months. In case the Recovery is still not possible, a demand notice will be sent to the

Distributor asking him to refund the money to the AAMC. In case the Distributor does not pay the money within 1 month from the date of the receipt of the notice, the AAMC will approach AMFI for the resolution of the same or initiate

the required corrective action including legal proceedings as it

may deem fit. 5.

Recovery of Additional incentive Paid: Given the changes in the Regulations w.e.f. October 1, 2012, a new clause of recovery of additional incentive paid to the distributor is being introduced in the following manner: a. The additional incentive paid to a distributor will be recovered in full from the distributor, if the investment (for which such additional incentive was paid) is redeemed before the completion of one year (365 days) for such scheme/

investment. b. The Recovery will be made from the brokerage payable to the distributor for the month in which redemption has been made. E.g.


Brokerage payable for the month of October ’12 in November ’12. c. In case the Brokerage payable to the distributor is insufficient to cover the recovery amount, the recovery will be tried for

three consecutive months. In case the recovery is still not possible, 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 AAMC will approach AMFI for

the resolution of the same or initiate


may deem fit.RECOVERY OF THE DISTRIBUTION INCENTIVE OR ADDITIONAL INCENTIVE WILL BE AT THE ARN LEVEL AND NOT THE SCHEME LEVEL.

THE DISTRIBUTOR AGREES THAT SOURCING OF FUNDS AFTER OCTOBER 01, 2012 FOR THE AXIS MUTUAL FUND SCHEME(S) AFTER RECEIPT OF THIS BROKERAGE STRUCTURE INCLUDING THE ABOVE REFERRED TERMS AND CONDITIONS

SHALL BE CONSTRUED AS AN AGREEMENT OF YOUR ACCEPTANCE TO THE TERMS AND CONDITIONS.


B. Statutory/ AMFI Regulations 1) The commission structure communicated by the AAMC from time to time is all inclusive i.e. inclusive of any cess, charges, taxes, etc. that may be applicable to the Distributor

and eligible for all the statutory

deductions, including Income Tax, Service Tax, etc. 2) Investment in Axis Long Term Equity Fund is currently eligible for deduction under Section 80C of the Income Tax Act, 1961. Investors should be requested to consult their tax advisor in this matter. 3) The rules and regulations of SEBI/ AMFI pertaining to brokerage payment to distributors will also be applicable for payment of the above mentioned brokerage structure. 4) The above brokerage 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 above brokerage structure. 5) 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 Axis

Mutual Fund ‐

Relationship Manager for further details. 6) The distributors 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 and ensure that (i) no

rebate is given to investors in any form and (ii) splitting of applications for any benefit. 7) As per the guidelines issued by SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) the upfront commission will be paid by

the investor directly to his Distributor / Advisor 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 Axis Mutual Fund (AMF) is being recommended to them. 8) In terms of SEBI / AMFI circulars / guidelines, the Channel Partners shall submit to Axis Mutual Fund all account opening and

transaction documentation including Know Your Client, Power of Attorney (PoA),

Account Opening Form, etc. in respect of investors / transactions through Channel Partners. Further, the payment of commission shall be made depending on the documentation completion status. 9) SEBI has communicated to all mutual funds / AMCs

that any sales, marketing, promotional or other literature / material about the fund house products prepared by its distributors need to adhere and

comply with the guidelines issued by SEBI with respect to the advertisement by Mutual Funds. It has further advised the AMCs

to take suitable steps for put in place a mechanism for proactive oversight in this

regard.

The Distributor shall not make representations/ statements concerning the units of the schemes other than as contained in the current SID(s), Key Information Memorandum and printed information issued by

Axis Mutual Fund / Axis Asset Management Company Limited as information supplemental to such documents. The Distributor shall only use such advertising / sales material for distributing / selling activities

as provided / approved by Axis Mutual Fund / Axis Asset Management Company Limited when advertising. The Distributor shall not indulge in any kind of malpractice or unethical practice to sell,

market or

induce any investor to buy mutual AMF units which may directly / indirectly impact Axis Mutual Fund / Axis Asset Management Company Limited in any manner.

10) 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 Axis Mutual Fund and that the liability

of Distributor / Advisor shall not be limited and depend upon his failure to discharge his obligations. 11) AMFI has vide circular dated August 27, 2010 introduced Know

Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 2010, which is similar to Know Your Client (KYC)

norms for investors, requiring the distributors to submit identity proof, address, PAN and bank account details with proof. KYD norms are applicable for fresh ARN registrations and ARN renewals effective

September 1, 2010. The existing ARN holders are required to comply with these norms by March 31, 2011, failing which AMCs

have been mandated to suspend payment of commission till the distributors

comply with the requirements. All the Distributors / Advisors are encouraged to complete the KYD requirements at the earliest. The KYD Forms and Process Note are available on AMFI website

www.amfiindia.com.

The trail outlined as First Year will be paid from the date of allotment of the units till the end of 1st year from the date of allotment, provided the Assets remain invested in the fund. Similarly, the Second Year

trail will be paid from the beginning of the second year from the date of allotment of the units till the end of the 2nd year, provided the Assets remain invested in the fund. The Third Year onwards trail will be

paid from the beginning of the 3rd year from the date of the allotment till such time that the Assets, to which the trail relates to, remain invested in the fund. The trail payments will be made in each year as

outlined above, provided that SEBI and all other statutory regulations applicable for the Total Expense Ratio and / or Brokerage

payment from the relevant fund remain unchanged as applicable on the date of

the brokerage structure and on the date of actual allotment of units for which the appropriate additional incentive (FYT / SYT /

TYT onwards) is payable. The AMC reserves the right to review these rates and

make changes as appropriate in the event of the regulations changing at a later date. The Distributor will be intimated of any changes, to the computation/ payment of trail, as may be required

under SEBI

directives/regulations.

Upfront#1st year

trail

2nd year

onwardsUpfront

Special UF

Incentive#

1st year

trail

2nd Year

onwardsBSL '95,

BSL Frontline Equity &

BSL Dividend Yield Plus1.00% 0.50% 0.50% 1.00% 1.00% 0.50% 0.50%

Other Select Schemes*

(Listed Below)1.00% 0.50% 0.50% 1.00% 0.50% 0.50% 0.50%

Designated Equity Schemes B**

(Listed Below)NIL 0.75% 0.50% NIL NIL 0.75% 0.50%

BSL International Fund Plan A NIL 0.75% 0.50% NIL NIL 0.75% 0.50%

ELSS BSL Tax Relief '96 & BSL Tax Plan 3.50% 3.50% 0.50%

Index Fund BSL Index Fund NIL 0.20% 0.20% NIL NIL 0.20% 0.20%

Arbitrage Fund BSL Enhanced Arbitrage Fund 0.40% NIL 0.50% 0.40% NIL NIL 0.50%

Commodity Funds BSL Commodities Equity Fund 0.75% 0.50% 0.50% 0.75% NIL 0.50% 0.50%

BSL MIP, BSL Monthly Income &

MIP II Wealth 251.25% NIL 0.50% 1.25% 0.75% NIL 0.50%

BSL MIP II - Savings 5 Plan 0.25% 0.50% 0.40% 0.25% NIL 0.50% 0.40%

BSL Asset Allocation Fund Aggressive

PlanNIL 0.75% 0.75% NIL NIL 0.75% 0.75%

BSL Asset Allocation Fund Moderate

planNIL 0.60% 0.60% NIL NIL 0.60% 0.60%

BSL Asset Allocation Fund Conservative

planNIL 0.50% 0.50% NIL NIL 0.50% 0.50%

BSL Gold Fund for <= 1 Cr. 1.25% NIL 0.50% 1.25% NIL Nil 0.50%

BSL Gold Fund for > 1 Cr. 0.25% 1.00% 0.50% 0.25% NIL 1.00% 0.50%

BSL Cash Plus NIL 0.05% 0.05% NIL NIL 0.05% 0.05%

BSL Floating Rate - Short Term NIL 0.05% 0.05% NIL NIL 0.05% 0.05%

BSL Cash Manager NIL 0.75% 0.50% NIL NIL 0.75% 0.50%

BSL Floating Rate - Long Term NIL 0.25% 0.25% NIL NIL 0.25% 0.25%

BSL Savings Fund NIL 0.05% 0.05% NIL NIL 0.05% 0.05%

BSL Ultra Short term Fund NIL 0.05% 0.05% NIL NIL 0.05% 0.05%

BSL Short Term Fund NIL 0.10% 0.10% NIL NIL 0.10% 0.10%

BSL Dynamic Bond Fund (<= 5 Cr.) 0.60% NIL 0.40% 0.60% NIL Nil 0.40%

BSL Dynamic Bond Fund (> 5 Cr.) 0.30%0.60%

betwn 7 to

12 months

0.40% 0.30% NIL0.60%

betwn 7 to

12 months

0.40%

BSL Short Term Opportunities Fund 0.75% NIL 0.40% 0.75% NIL Nil 0.40%

BSL Medium Term Plan 1.50% NIL 0.50% 1.50% NIL Nil 0.50%

BSL Income Plus (<= 10 Cr) 1.25% NIL 0.50% 1.25% NIL NIL 0.50%

BSL Income Plus (> 10 Cr) 0.40%1.50%

betwn 7 to

12 months

0.50% 0.40% NIL1.50%

betwn 7 to

12 months

0.50%

BSL Gilt Plus - Liquid Plan NIL 0.35% 0.20% NIL NIL 0.35% 0.20%

BSL Gilt Plus - PF Plan (Growth) 0.50% 0.50% 0.50% 0.50% NIL 0.50% 0.50%

BSL Gilt Plus - PF Plan (Dividend) NIL 0.75% 0.40% NIL NIL 0.75% 0.40%

BSL Gilt Plus - Regular Plan NIL 0.10% 0.10% NIL NIL 0.10% 0.10%

BSL G-Sec. Fund - Short Term Plan Nil 0.35% 0.20% NIL NIL 0.35% 0.20%

BSL G-Sec. Fund - Long Term Plan 1.25% NIL 0.50% 1.25% NIL NIL 0.50%

BSL Asset Management Company Limited - Brokerage Structure

Effective from : 1-Apr-13 till further notice of change

Category Scheme Name

T15 B15

0.50% 4th yr onwards 0.50% 4th yr onwards

Gold Fund

Debt Schemes

Hybrid Schemes

Bond Fund

Non-AAA Funds

Short Term Funds

MIPs

Equity

Asset Allocation

Fund

Gilt Funds

Ultra Short Term

Funds

Gold FOF

Liquid Fund

* List of Other

Select Schemes

**Designated

Equity schemes. B

Claw back#

T15

B15

Birla Sun Life Advantage Fund,

Birla Sun Life Buy India Fund &

Birla Sun Life India Opportunities Fund.

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 respective scheme will be charged and brokerage to be paid as applicable .

Notes

Other than T-15 cities viz. Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune,

Ahmedabad, Hyderabad (including Secunderabad), Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh

Includes Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad

(including Secunderabad), Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh

Notes:

For all schemes - In case the investment is redeemed / switched out within the exit load period:

i) UF for T15 & B15 will be proportionately recovered / clawed back from the future Brokerage payments

ii) Special UF Incentive for B15 will be completely recovered / clawed back from the future brokerage payments

BSL New Millenium Fund,

BSL Midcap Fund Plan,

BSL Equity Fund,

BSL MNC Fund,

BSL India GenNext Fund,

BSL Infrastructure Fund,

BSL Special Situations Fund,

BSL International Eq. Fund Plan B,

BSL India Reforms Fund,

BSL Small & Midcap Fund,

BSL Pure Value Fund,

BSL Top 100 &

BSL Long Term Advantage Fund

For SIP's Investments, minimum application amount is Rs.1000 and for ELSS schemes it is Rs.500.

Mutual Fund Investments are subject to market risks. Please read offer document / SID carefully before investing. For scheme specific

risk factors please refer to the respective offer documents.

The brokerage strucure mentioned herein is solely payable to AMFI certified & KYD complied distributors. This brokerage structure is

applicable only to distributors of Birla Sun Life Asset Management Co Ltd and can be changed by the AMC as its sole discretion without

any prior intimation or notification. The AMC/Trustees shall not be rsponsible for any losses incurred by any one due to change in the

brokerage structure. All distributors should abide by the code of conduct abd rules/regulations laid down by SEBI & AMFI. It is

specifically mentioned that distributors will neither pass nor tempt them with rebate gifts. The AMC will take disciplinary action

against any distrubutor who is found violating these regulations / code of conduct.

Structure for Systematic Investments:

a) Brokerage Structure for T15 & B15 Cities:

Upfront Trail 1st

yr onwards

NIL 0.50% p.a.

b) Additional Incentive with tenure of >= 36 months:

Inst. Amt. Slabs Additional Incentive

for >=36 months

1000-1999 200/-

2000-2999 300/-

3000-4999 500/-

>=5000 750/-

Terms and conditions:

1. The above rates are gross & all inclusive.

2. Rates are subject to change / withholding by AMC as determined from time to time & statutory levy if any. Decision of AMC pertaining

to brokerage calculation and other matters pertaining thereto shall be final & binding.

3. The rules / regulations of SEBI / AMFI pertaining to brokerage payment to distributors shall also apply. Distributors shall comply with

SEBI circular dated June 26, 2002 on code of conduct & SEBI regulations from time to time, including SEBI circular, dated June 30, 2009

with respect to disclosures to be made by distributors to investors.

4. Payouts of Addl. Incentive for Systematic Investments will be made after 3 successful installments are received.

5. Proportionate Addl. Incentive for Systematic Investments would be clawed back in case the installments are not realized or if the transaction ceases or is stopped before 12 months.

6. Brokerage and Incentive Structure is payable to only AMFI / NISM certified & KYD compliant distributors.

Birla Sun Life Gold Fund (an open ended Fund of Fund Scheme)

w.e.f. 1-Apr-13

Additional Incentive Structure

for SIP / STP, Century SIP / Century STP / Renewal of SIP / Renewal of STP & Fast

Forward SIP* / Fast Forward STP^ / RSP

Effective from 1-Apr-13 till further notice of change.

Inst. Amount Slab Additional Incentive for >= 12 months

1,000/- to 50,000/- SIP / STP / CSIP / CSTP 0.40%

1,000/- to 50,000/- RSP 0.25%

** Additional Incentive = SIP Installment Amt. X Incentive % X No of installments (Max 60)*

SIP Inst. Amount Slab Upfront Additional Incentive to be paid monthly on trigger

> 50,000/- SIP / STP / CSIP / CSTP 0.40%

> 50,000/- RSP 0.25% For private circulation only. This incentive is to be paid over & above the base brokerage structure.

Terms and Conditions

1. This Incentive Structure is applicable with effect from 1st Apr’ 13 till further notice of change and BSLAMC reserves the right to discontinue this incentive structure without any prior notice.’

2. Proportionate SIP Incentive Amount (Up-fronting of tenure) would be clawed back for RSP / SIP / Century SIP / Renewal of SIP / Fast Forward SIP* & STP / Century STP / Renewal of Century STP / Fast Forward STP^ ceased before the target tenure. Not applicable for Amount of greater than 50,000/- as incentive is getting paid monthly on trigger.

3. Additional Incentive is applicable for SIP / STP, Century SIP / Century STP / Renewal of SIP / Renewal of

STP & Fast Forward SIP* / Fast Forward STP^ / RSP for a minimum of 12 installments of Rs.1,000/- each.

4. Payouts will be made after first three successful installments are received. Not applicable for greater than 50,000/-

5. Eligible Schemes for SIP / STP / CSIP / CSTP – BSL New Millennium Fund, BSL'95 Fund, BSL Dividend Yield Plus, BSL Frontline Equity Fund, BSL Midcap Fund, BSL Equity Fund, BSL MNC Fund, BSL India GenNext Fund, BSL Infrastructure Fund, BSL Special Situations Fund, BSL Pure Value Fund, BSL International Equity Fund Plan - B, BSL India Reforms Fund, BSL Small & Midcap Fund & BSL Top 100 Fund.

Additional Incentive Structure for Systematic Transactions

6. Eligible Schemes for RSP – BSL Monthly Income & BSL Medium Term Plan 7. Brokerage and Additional Incentive Structure is payable to only AMFI / NISM Certified & KYD Complied

Distributors. 8. Rates are subject to change/ withholding by AMC as determined from time to time & statutory levy if any.

The rules/ regulations of SEBI/ AMFI pertaining to brokerage payment to distributors shall also apply. Distributors shall comply with SEBI circular dated June 26, 2002 on code of conduct & SEBI regulations from time to time.

9. Decision of AMC pertaining to brokerage calculation and other matters pertaining thereto shall be final & binding.

*Fast Forward SIP – Investors opting for a monthly SIP can opt for a Fast Forward SIP. Fast Forward SIP is where an investor can opt for 4 dates in a month where SIP’s can be debited. Minimum eligible Installment amount of the SIP is Rs.1,000/- each and a minimum of 12 installments. Fast Forward SIP is only for monthly SIP and hence quarterly SIP is not a part of Fast Forward SIP incentive structure. ^ Fast Forward STP – Investors opting for a monthly STP can opt for a Fast Forward STP. Fast Forward STP is where an investor can opt for 4 dates in a month where STP’s can be debited. Minimum eligible Installment amount of the STP is Rs.1,000/- each and a minimum of 12 installments. Fast Forward STP is only for monthly STP and hence quarterly STP is not a part of Fast Forward STP incentive structure.


Brokerage and Load StructureEffective from May 01, 2013 to May 31, 2013

Brokerage Structure Load Structure

Top 15 Cities Beyond 15 Cities

Name of the Scheme AmountDistribution




(%)(p.a.)(A.P.M.)*

Trail Year 3

onwards

(%)(p.a.)(A.P.M.)*

Distribution




(%)(p.a.)(A.P.M.)*

Trail Year 3

onwards

(%)(p.a.)(A.P.M.)*

Minimum Investment

AmountExit Load

Equity Schemes

Axis Equity Fund NA 1.50 NIL 0.25 0.50 0.75 0.50 1.50 0.50 0.75 0.75

Please Refer $ Please Refer $$Axis MidCap Fund NA 1.50 NIL 0.25 0.50 0.75 0.50 1.50 0.50 0.75 0.75

Axis Focused 25 Fund NA 1.25 NIL 0.25 1.00 0.75 0.50 1.50 0.50 0.75 0.75

Hybrid Schemes

Axis Income Saver NA 1.25 NIL 0.25 1.00 0.75 0.50 1.50 0.50 0.75 0.75Please Refer $



Axis Triple Advantage Fund NA 1.50 NIL 0.25 0.50 0.75 0.50 1.50 0.50 0.75 0.751.00% if redeemed / switched out within 2

years from the date of allotmentELSS Scheme

Axis Long Term Equity Fund NA 4.00 NIL NIL NIL 0.75^ 5.00 NIL NIL NIL 0.75^Rs. 500/‐

for Lumpsum

& SIP #NIL

Debt Schemes

Axis Income Fund NA 1.25 NIL NIL 0.50 0.50 1.25 NIL NIL 0.50 0.50

Please Refer $



Axis Dynamic Bond Fund NA 1.00 NIL 0.50^^ 0.50 0.50 1.00 NIL 0.50^^ 0.50 0.501.00% if redeemed / switched out within 6


Axis Short Term Fund NA 0.25 NIL 0.75 0.75 0.75 0.25 NIL 0.75 0.75 0.750.50% if redeemed / switched out within 3


Axis Banking Debt Fund NA NIL NIL 0.15 0.15 0.15 NIL NIL 0.15 0.15 0.150.25% if redeemed / switched out within 1

month from the date of allotment

Axis Treasury Advantage

Fund

Above Rs.2 Cr NIL NIL 0.15 0.15 0.15 NIL NIL 0.15 0.15 0.15NIL

Less than or equal to Rs.2 Cr NIL NIL 0.75 0.75 0.75 NIL NIL 0.75 0.75 0.75

Gilt SchemeAxis Constant Maturity 10

Year FundNA NIL NIL 0.80 0.50 0.50 NIL NIL 0.80 0.50 0.50 Please Refer $ NIL

Commodity Schemes

Axis Gold Fund NA 1.00 NIL NIL 0.50 0.50 1.00 NIL NIL 0.50 0.50 Please Refer $1.00% if redeemed / switched out within 1


Axis Gold ETF NA 0.05** NIL NIL NIL NIL 0.05** NIL NIL NIL NIL Please Refer ** NIL

Money Market Scheme

Axis Liquid Fund NA NIL NIL 0.05 0.05 0.05 NIL NIL 0.05 0.05 0.05 Please Refer $ NIL

A.P.M.* ‐

Annualized Payable Monthly** Distribution Incentive payable on Gold ETF is applicable only

for purchase/switch in submited at Axis AMC Ltd. offices for a minimum of 1000 units. No Trail is applicable$ Minimum Investment Amount ‐

For Lumpsum Investment: Rs. 5000 and for SIP#: Rs. 1000# SIP refers to Systematic Investment Plan^Trail for Axis Long Term Equity Fund will begin from Year 4 onwards^^Trail will begin from 7th month onwards$$ ‐

Exit LoadAxis Equity Fund, Axis Mid Cap Fund and Axis Focused 25 Fund

3% if units are redeemed/switched out upto 6 months from the date of allotment, 2% if units are redeemed/switched out after 6 months and upto 12 months from the date of allotment and 1% if units are redeemed/switched out after 12 months and upto 24 months from the date of allotment


Notes:A. General:1. This is further to your empanelment with Axis Asset Management Company Limited.2.

The Distribution incentive (and any other promotional incentive)

outlined in the table above is applicable for the period 01st

May,2013 to 31st

May,2013. However, Axis Asset Management Company Limited (AAMC) reserves

the

right to change the Brokerage Rates applicable –

Distribution Incentive/ Additional incentive in the intermittent period in case of Regulatory Changes / Change in Industry practices in respect to payment of Brokerage on Funds or

due to any other circumstances which AAMC may think fit.3. Top 15 cities refers to Top 15 Cities provided by AMFI & Beyond 15 cities refers to all the cities beyond the Top 15 cities. The list of Top 15 cities are: Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Hyderabad, Jaipur,

Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai),

New Delhi(including NCR), Panjim, Pune and Surat4.

Recovery of Distribution incentive Paid: Given the changes in the Regulations w.e.f. October 1, 2012, a new Clause of Recovery of distribution incentive (inclusive of any promotional incentive) paid to the Distributor is being

introduced in the following manner:a. The Distribution incentive for Equity and Hybrid Schemes paid

to a Distributor will be recovered from the Distributor, if the

money (for which such distribution incentive was paid) is redeemed (change in the broker code shall be

considered as redemption) before the completion of one year from

the date of allotment of units (specified period) for such scheme/ investment.b. The Distribution incentive for all schemes other than Equity and Hybrid Schemes paid to a Distributor will be recovered from the Distributor, if the money (for which such distribution incentive was paid) is redeemed before the

completion of the exit load period (specified period) for such scheme/ investment.c. 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 within the specified period. i. No. of days will be considered for the computation of the recoveries wherever the specified period are mentioned in months – 1 month will be considered as 30 days, 3 months as 91 days, 6 months as 182 days, 9 months as 270 days

and 1 year as 365 days respectively. ii. For redemptions within the specified period, the recovery of

the brokerage will be equal to distribution incentive paid x (No. of days for the specified period – No. of days the monies have stayed in the funds) / (No. of days

for the

specified period). d. The following example explains the same: i. A distribution incentive of 0.75% is paid on an Equity Fund, where the specified period is 1 year. For an investment of Rs. 100,000/‐, a distributor would be paid a sum of Rs. 750/‐

as the distribution incentive ii. The investor redeems this money exactly after completion of 180 days. iii. In this case, the recovery will be Rs. 380.14, computed as ((750 * (365 –

180))/365 as per the above formula. e. The Recovery will be made from the Brokerage payable to the Distributor for the month in which redemption has been made. E.g.


Brokerage payable for the month of October ’12 in November ’12. f. In case the Brokerage payable to the Distributor is insufficient to cover the Recovery amount, the Recovery will be tried for

three consecutive months. In case the Recovery is still not possible, a demand notice will be sent to the

Distributor asking him to refund the money to the AAMC. In case the Distributor does not pay the money within 1 month from the date of the receipt of the notice, the AAMC will approach AMFI for the resolution of the same or initiate


may deem fit. 5.

Recovery of Additional incentive Paid: Given the changes in the Regulations w.e.f. October 1, 2012, a new clause of recovery of additional incentive paid to the distributor is being introduced in the following manner: a. The additional incentive paid to a distributor will be recovered in full from the distributor, if the investment (for which such additional incentive was paid) is redeemed before the completion of one year (365 days) for such scheme/

investment. b. The Recovery will be made from the brokerage payable to the distributor for the month in which redemption has been made. E.g.


Brokerage payable for the month of October ’12 in November ’12. c. In case the Brokerage payable to the distributor is insufficient to cover the recovery amount, the recovery will be tried for

three consecutive months. In case the recovery is still not possible, 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 AAMC will approach AMFI for

the resolution of the same or initiate


may deem fit.RECOVERY OF THE DISTRIBUTION INCENTIVE OR ADDITIONAL INCENTIVE WILL BE AT THE ARN LEVEL AND NOT THE SCHEME LEVEL.

THE DISTRIBUTOR AGREES THAT SOURCING OF FUNDS AFTER OCTOBER 01, 2012 FOR THE AXIS MUTUAL FUND SCHEME(S) AFTER RECEIPT OF THIS BROKERAGE STRUCTURE INCLUDING THE ABOVE REFERRED TERMS AND CONDITIONS

SHALL BE CONSTRUED AS AN AGREEMENT OF YOUR ACCEPTANCE TO THE TERMS AND CONDITIONS.


B. Statutory/ AMFI Regulations 1) The commission structure communicated by the AAMC from time to time is all inclusive i.e. inclusive of any cess, charges, taxes, etc. that may be applicable to the Distributor

and eligible for all the statutory

deductions, including Income Tax, Service Tax, etc. 2) Investment in Axis Long Term Equity Fund is currently eligible for deduction under Section 80C of the Income Tax Act, 1961. Investors should be requested to consult their tax advisor in this matter. 3) The rules and regulations of SEBI/ AMFI pertaining to brokerage payment to distributors will also be applicable for payment of the above mentioned brokerage structure. 4) The above brokerage 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 above brokerage structure. 5) 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 Axis

Mutual Fund ‐

Relationship Manager for further details. 6) The distributors 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 and ensure that (i) no

rebate is given to investors in any form and (ii) splitting of applications for any benefit. 7) As per the guidelines issued by SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) the upfront commission will be paid by

the investor directly to his Distributor / Advisor 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 Axis Mutual Fund (AMF) is being recommended to them. 8) In terms of SEBI / AMFI circulars / guidelines, the Channel Partners shall submit to Axis Mutual Fund all account opening and

transaction documentation including Know Your Client, Power of Attorney (PoA),

Account Opening Form, etc. in respect of investors / transactions through Channel Partners. Further, the payment of commission shall be made depending on the documentation completion status. 9) SEBI has communicated to all mutual funds / AMCs

that any sales, marketing, promotional or other literature / material about the fund house products prepared by its distributors need to adhere and

comply with the guidelines issued by SEBI with respect to the advertisement by Mutual Funds. It has further advised the AMCs

to take suitable steps for put in place a mechanism for proactive oversight in this

regard.

The Distributor shall not make representations/ statements concerning the units of the schemes other than as contained in the current SID(s), Key Information Memorandum and printed information issued by

Axis Mutual Fund / Axis Asset Management Company Limited as information supplemental to such documents. The Distributor shall only use such advertising / sales material for distributing / selling activities

as provided / approved by Axis Mutual Fund / Axis Asset Management Company Limited when advertising. The Distributor shall not indulge in any kind of malpractice or unethical practice to sell,

market or

induce any investor to buy mutual AMF units which may directly / indirectly impact Axis Mutual Fund / Axis Asset Management Company Limited in any manner.

10) 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 Axis Mutual Fund and that the liability

of Distributor / Advisor shall not be limited and depend upon his failure to discharge his obligations. 11) AMFI has vide circular dated August 27, 2010 introduced Know

Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 2010, which is similar to Know Your Client (KYC)

norms for investors, requiring the distributors to submit identity proof, address, PAN and bank account details with proof. KYD norms are applicable for fresh ARN registrations and ARN renewals effective

September 1, 2010. The existing ARN holders are required to comply with these norms by March 31, 2011, failing which AMCs

have been mandated to suspend payment of commission till the distributors

comply with the requirements. All the Distributors / Advisors are encouraged to complete the KYD requirements at the earliest. The KYD Forms and Process Note are available on AMFI website

www.amfiindia.com.

The trail outlined as First Year will be paid from the date of allotment of the units till the end of 1st year from the date of allotment, provided the Assets remain invested in the fund. Similarly, the Second Year

trail will be paid from the beginning of the second year from the date of allotment of the units till the end of the 2nd year, provided the Assets remain invested in the fund. The Third Year onwards trail will be

paid from the beginning of the 3rd year from the date of the allotment till such time that the Assets, to which the trail relates to, remain invested in the fund. The trail payments will be made in each year as

outlined above, provided that SEBI and all other statutory regulations applicable for the Total Expense Ratio and / or Brokerage

payment from the relevant fund remain unchanged as applicable on the date of

the brokerage structure and on the date of actual allotment of units for which the appropriate additional incentive (FYT / SYT /

TYT onwards) is payable. The AMC reserves the right to review these rates and

make changes as appropriate in the event of the regulations changing at a later date. The Distributor will be intimated of any changes, to the computation/ payment of trail, as may be required

under SEBI

directives/regulations.

Amount/Time

Slab

Upfront

Brokerage 1st Year Trail

2nd Year

Trail Onwards

IDFC Sterling Equity Fund

IDFC Classic Equity Fund0.90% 0.50% 0.50% 1.00%

Before 18

months2.00% for 18 months

IDFC Imperial Equity Fund

IDFC Infrastructure Fund0.90% 0.50% 0.50% 1.00% Before 1 year 1.00% for 365 days

IDFC Premier Equity Fund 0.90% 0.50% 0.50% 1.00% Before 1 year 1.00% for 365 days

IDFC Tax Advantage (ELSS) Fund 4.50%Trail from 4th yr

onwards 0.5% 0.50% NIL

IDFC Monthly Income Plan 1.75% NIL 0.50% 0.75% Before 1 year 1.00% for 365 days

IDFC Asset Allocation Fund - Aggressive Plan,

Moderate Plan, Conservative Plan 1.25% 0.50% 1.50% for 18 months

IDFC Nifty Index Fund NIL 0.10% 0.10% 1.00% for 7 days

IDFC Cash Fund NIL 0.05% 0.05% NIL

1 to 90 days 0.75%

91 to 180 days 0.60%

181 days onwards 0.40%

IDFC Ultra Short Term Fund NIL 0.05% 0.05% NIL

IDFC Banking Debt Fund NIL 0.10% 0.10% 0.15% for 7 days

IDFC Money Manager Fund - Investment Plan NIL 0.20% 0.10% 0.25% for 1 month

Upto 5 cr. NIL 0.50% 0.40%

>5 cr. NIL 0.25% 0.25%

Upto 10 crs. 0.60% NIL 0.40%

>10 crs. NIL 0.60% 0.40%

IDFC Super Saver Income Fund - Investment Plan 1.00% NIL 0.50% Before 1 year 1.00% for 365 days

Upto 5 cr. NIL 0.75% 0.50%

>5 cr. NIL 0.25% 0.25%IDFC All Seasons Bond Fund NIL 0.10% 0.10% 1.00% for 365 days

Upto 5 cr. 1.00% NIL 0.50%

>5 cr. NIL 0.25% 0.25%

Upto 5 cr. NIL 0.75% 0.50%

>5 cr. NIL 0.25% 0.25%IDFC Government Securities Fund - Short Term

PlanNIL 0.10% 0.10% NIL

IDFC Arbitrage Fund NIL 0.50% 0.50% 0.25% for 3 months

IDFC Arbitrage Plus Fund 0.25%0.25% from

7th month

onwards

0.50% Before 6 months 0.50% for 6 months

Arbitrage Fund

Terms & Conditions:

Market Expansion Incentive is applicable only for B-15 Cities

The brokerage for IDFC India GDP Growth and IDFC Strategic Sector 50-50 Equity Fund will be 0.50% trail from first year onwards.

The brokerage for IDFC Equity will be 0.50% upfront and 0.50% trail from first year onwards.

AMC reserves the right to change the structure without any prior intimation.

The brokerage / incentive would be inclusive of service tax, education cess and all other levies and taxes.

The 2nd year onwards Trail (Annualised) will be paid till the money stays invested in the fund.

T-15 refers to Top 15 Cities provided by AMFI & B-15 referes to all the cities beyond the Top 15 cities. The list of Top 15 cities are as follows: Ahmedabad, Bangalore,

Baroda, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai), New Delhi(including NCR), Panjim, Pune and Surat

Scheme-wise Claw Back provision:

i) The Upfront in T15 & B15 will be proportionately recovered / clawed back from the future Brokerage payments of the Distributor

ii) The Market Expansion incentive in B15 will be completely recovered / clawed back from the future Brokerage payments of the Distributor

Long Term Debt Fund

IDFC Dynamic Bond Fund 0.50% for 3 months

Gilt Fund

IDFC Government Securities Fund - Investment

PlanNIL

IDFC Government Securities Fund - Provident

Fund PlanBefore 1 year 1.00% for 365 days

Short Term Debt Fund

IDFC Super Saver Income Fund - Short Term Plan 0.50% for 1 month

(wef 22nd April)

IDFC Super Saver Income Fund - Medium Term

Plan (wef 13 th May 2013)

Before 9 mths

(1-12 May),

Before 6 mths

(13 May onwrds)

0.60% for 6 months

(wef 13 th May)

Hybrid

Index Fund

Money Market Fund

IDFC Money Manager Fund - Treasury Plan NIL 0.40% NIL

Equity Linked Saving Scheme

Brokerage structure applicable from 1st May 13 till further notice

Scheme Detail

Equity

T-15 & B-15

Exit Load

Scheme Wise

Clawback if

Redeemed/

Switched

Additional

Market

Expansion

Upfront

(B- 15 only)

BS – May ’13: ND – D1 (Regular) Page 1 of 4

Distributor Remuneration Structure Period of Applicability: May 1 to 31, 2013

This Distributor Remuneration Structure has 3 parts – Structure A – the Rack Rate (applicable for investments from all locations), Structure B – the Additional Rewards Structure (applicable for select funds, applicable for investments from all locations) and Structure C – the Additional Brokerage Structure (applicable for select funds, applicable for investments beyond the Top 15 Cities).

Legends: The symbols L - # in the structure above (# denotes a number from 1 through 3) stand for the legends that are outlined in the table below. Please refer to the

appropriate legend in the table for its description.

L – 1 Trail commission applicable from beginning of the 4th year from Date of Initial Investment

L – 2 Trail Applicable from beginning of the 19th month from Date of Initial Investment

L – 3 Trail Applicable from beginning of the 31st month from the Date of Initial Investment

@ Please refer to Note A – Table 1 for the List of Top 15 Cities and applicable Pin Code Ranges for the appropriate Structures.

Structure – A: Rack Rate Structure

Applicable for investments from Top 15 Cities and Beyond Top 15 Cities @

Fund Type, Fund Name, Plan & Minimum Investment Amount eligible for payment of Brokerage

Upfront Brokerage

Trail (% p.a.) *

1st Year 2nd Year 3rd Year onwards

A. Diversified & Sector Equity Funds

1) Franklin Asian Equity Fund (FAEF)

0.75% 0.50% 0.50% 0.50%

2) Franklin Build India Fund (FBIF)

3) Franklin India Bluechip Fund (FIBCF)

4) Franklin India Flexi Cap Fund (FIFCF)

5) Franklin India High Growth Companies Fund (FIHGCF)

6) Franklin India Opportunities Fund (FIOF)

7) Franklin India Prima Fund (FIPF)

8) Franklin India Prima Plus (FIPP)

9) Franklin India Smaller Companies Fund (FISCF)

10) Franklin Infotech Fund (FIF)

11) Templeton India Equity Income Fund (TIEIF)

12) Templeton India Growth Fund (TIGF)

B. Index Funds

1) Franklin India Index Fund (FIIF) – NSE Nifty Plan & BSE Sensex Plan Nil 0.40% 0.40% 0.40%

C. Section 80C Funds

1) Franklin India Taxshield (FIT) 3.00% Nil Nil 0.50% (L-1)

2) Templeton India Pension Plan (TIPP) 1.50% 0.50% 0.50% 0.50%

D. Balanced / Hybrid Funds

1) FT India Balanced Fund (FTIBF) 0.75% 0.50% 0.50% 0.50%

2) Templeton India Children's Asset Plan (TICAP) – Education Plan & Gift Plan 0.50% 0.50% 0.50% 0.50%

E. Income / Gilt Funds (Long Term)

1) Templeton India Income Builder Account (TIIBA) – Plan A 1.00% Nil 0.50% 0.50%

2) Templeton India Income Fund (TIIF) 1.00% Nil 0.50% 0.50%

3) FT India Monthly Income Plan (FTIMIP) – Plan A & B 1.25% Nil 0.50% 0.50%

4) Templeton India Income Opportunities Fund (TIIOF) 0.75% 0.00% 0.70% (L-2) 0.70%

5) Templeton India Corporate Bond Opportunities Fund (TICBOF) 1.50% Nil Nil 0.70% (L-3)

6) Templeton India Government Securities Fund (TGSF) – Composite / PF / LT Plans 1.00% Nil 0.50% 0.50%

7) Templeton India Short Term Income Plan (TISTIP) – Retail Plan 0.50% Nil 0.70% 0.70%

F. Short Term Funds

1) Templeton India Government Securities Fund (TGSF) – Treasury Plan Nil 0.35% 0.30% 0.30%

2) Templeton Floating Rate Income Fund (TFIF) – Retail Plan Nil 0.65% 0.65% 0.65%

3) Templeton India Low Duration Fund (TILDF) Nil 0.20% 0.20% 0.20%

4) Templeton India Ultra-short Bond Fund (TIUBF) – Super Institutional Plan Nil 0.05% 0.05% 0.05%

G. Liquid Funds

1) Templeton India Treasury Management Account (TITMA) – Super Institutional Plan Nil 0.05% 0.05% 0.05%

H. Fund of Funds

1) (a) FT Life Stage Fund of Funds (FTLF) – 20s Plan 0.50% 0.375% 0.375% 0.375%

1) (b) FT Life Stage Fund of Funds (FTLF) – 30s Plan 0.40% 0.375% 0.375% 0.375%

1) (c) FT Life Stage Fund of Funds (FTLF) – 40s Plan 0.30% 0.25% 0.25% 0.250%

1) (d) FT Life Stage Fund of Funds (FTLF) – 50s Plan 1.25% Nil 0.50% 0.50%

1) (e) FT Life Stage Fund of Funds (FTLF) – 50s Plus Floating Rate Plan 1.25% Nil 0.50% 0.50%

2) FT Dynamic PE Ratio Fund of Funds (FTDPEF) 0.75% 0.50% 0.50% 0.50%

I. International Feeder Funds – FTIF

1) Franklin US Opportunities Fund (FUSOF) 0.75% 0.50% 0.50% 0.50%

RECOVERY OF UPFRONT BROKERAGE PAID THROUGH THE STRUCTURE A:

The upfront brokerage paid through this structure will be recovered on a Pro-Rata basis as outlined in Notes B (2) (b) and (3) on Page 3 of this document in case the investment is redeemed / switched out to another scheme / switched out to the Direct Plan before the end of the Exit Load period by the Investor or One year from the date of investment, whichever is later.



Structure – B: Additional Rewards Structure


Fund Type, Fund Name & Plan Additional Upfront Brokerage


1) Franklin India Prima Fund (FIPF) 1.00%


0.50%











B. Section 80C Funds

1) Franklin India Taxshield (FIT) 1.50%

2) Templeton India Pension Plan (TIPP) 1.00%

C. Income / Gilt Funds (Long Term)

1) Templeton India Income Builder Account (TIIBA) – Plan A 0.25%

2) FT India Monthly Income Plan (FTIMIP) – Plan A & B 0.75%


4) Templeton India Corporate Bond Opportunities Fund (TICBOF) 0.85%

5) Templeton India Government Securities Fund (TGSF) – Composite / PF / Long-term Plans 0.50%

6) Templeton India Short Term Income Plan (TISTIP) – Retail Plan 0.50%

D. Short Term Funds

1) Templeton India Low Duration Fund (TILDF) 0.10% ^

E. Fund of Funds

1) FT Dynamic PE Ratio Fund of Funds (FTDPEF) 1.00%

F. International Feeder Funds – FTIF

1) Franklin US Opportunities Fund (FUSOF) 0.50%

RECOVERY OF UPFRONT BROKERAGE PAID THROUGH THE STRUCTURE B:


^ The Upfront Brokerage being paid for TILDF will be recovered only if the redemption / switch is made before the end of the Exit Load period by the Investor.

Structure – C: Additional Brokerage Structure for Beyond 15 Cities

Applicable for investments from Beyond Top 15 Cities @

; Not Applicable for NRI / other eligible Foreign Investors





1.75%














C. Balanced / Hybrid Funds

1) FT India Balanced Fund (FTIBF) 1.75%

2) Templeton India Children's Asset Plan (TICAP) – Education Plan & Gift Plan 1.25%

D. Income / Gilt Funds (Long Term)





E. Fund of Funds




RECOVERY OF UPFRONT BROKERAGE / TRAIL PAID THROUGH THE STRUCTURE C:

The upfront brokerage and trail paid through this structure will be recovered fully as outlined in Notes B (2) (d) and (3) on Page 3 of this document in case the investment is redeemed / switched out to another scheme / switched out to the Direct Plan before the end of ONE YEAR by the Investor from the date of investment.


Notes:

A. The Table below references the List of the Top 15 cities for which the Structure A and B outlined on Page 1 and 2 respectively of this document will be applicable. In addition to investments from investors in these cities, all Non-Resident Indian (NRI) and other eligible Foreign Investor Investments will also be included for the Structures A and B.

FT Sales Region

FT Sales Cluster City (part of Top 15 Cities) Investor Address Pin Code Ranges Applicable for Top 15 Cities

North New Delhi & Rajasthan Jaipur 3020xx; 3030xx - 3033xx; 3035xx - 3039xx; 3216xx; 3222xx; 3636xx

North New Delhi & Rajasthan New Delhi (includes NCR Region) 1100xx; 1210xx - 1211xx; 1220xx - 1221xx; 1224xx – 1225xx; 1230xx - 1231xx; 1233xx - 1235xx; 2010xx - 2013xx; 2032xx; 2451xx - 2453xx

North Punjab Chandigarh 1600xx - 1601xx

North Uttar Pradesh Kanpur 2080xx; 2091xx - 2095xx; 2097xx - 2098xx; 2295xx; 2298xx; 2415xx

North Uttar Pradesh Lucknow 2260xx – 2261xx; 2270xx - 2273xx

South Andhra Pradesh Hyderabad (includes Secunderabad) 5000xx; 5011xx - 5015xx

South Karnataka & Kerala Bangalore 5600xx - 5601xx

South Tamil Nadu Chennai 6000xx - 6001xx

West & East East Kolkata 7000xx - 7001xx

West & East Gujarat & M.P. Ahmedabad 3800xx; 3820xx - 3824xx; 3826xx – 3828xx; 3878xx

West & East Gujarat & M.P. Surat 3941xx - 3947xx; 3950xx

West & East Gujarat & M.P. Vadodara 3900xx; 3911xx - 3915xx; 3917xx – 3918xx; 3923xx

West & East Maharashtra ex-Mumbai Panjim (Goa) 4030xx - 4038xx

West & East Maharashtra ex-Mumbai Pune 4103xx - 4105xx; 4110xx; 4121xx-4124xx; 4131xx – 4132xx; 4138xx

West & East Mumbai Mumbai (includes Thane and Navi Mumbai)

4000xx - 4002xx; 4006xx - 4007xx; 4011xx - 4017xx; 4101xx - 4102xx; 4210xx - 4216xx

Table 1: List of Top 15 Cities and their applicable Pin Codes

The above Table outlines the List of Top 15 cities released by AMFI as per the criteria outlined in the SEBI circular no. CIR/IMD/DF/21/2012 dated September

13, 2012. The Brokerage Structure A and B outlined on Pages 1 and 2 will be applicable for all investments sourced from Investors residing in these cities, which fall

under the Pin Code Ranges outlined in the Table 1. In addition, these structures will also be applicable to all Investments made by the Non-Resident Indians (NRIs) and other eligible Foreign Investors.

The Brokerage Structure C outlined on Page 2 will be additionally applicable for all investments sourced from Investors residing in all locations not covered

under the Pin Code Ranges outlined in Table 1 and will not be applicable to investments made by NRIs and other eligible Foreign Investors. E.g. in the Table above, Jaipur City references the Pin Code Ranges of 3020xx; 3030xx – 3031xx; 3033xx; 3035xx – 3039xx. This means that any Pin Codes

that fall under these ranges, viz. 302001 to 302099; 303001 to 303199; 303301 to 303309; 303501 – 303999 will be included for payment of Brokerage as per Brokerage Structures A (Page 1) and B (Page 2). All other Pin Codes outside the ranges outlined in the Table 1 will be eligible for Brokerage Structures A (Page 1), B (Page 2) and C (Page 2).

B. General: 1. The Upfront Brokerage outlined in the table above is applicable for the period May 1 to 31, 2013. However, Franklin Templeton Asset

Management (I) Pvt. Ltd. reserves the right to change the Brokerage Rates applicable – Upfront / Trail in the intermittent period in case of Regulatory Changes / Change in Industry practices in respect to payment of Brokerage on Funds.

2. Recovery of Upfront Brokerage Paid: The recovery of Upfront Brokerage paid to the Distributor will be made in the following circumstances: a. The Upfront Brokerage paid to a Distributor will be recovered from the Distributor, if the money for which such upfront brokerage was paid is redeemed /

switched out to any other scheme or the Direct Plans before the completion of the Exit Load period / One Year from the date of Investment (as applicable). The basis for the same will be as outlined in points (b) and (d) below.

b. For Structures A and B outlined on Pages 1 and 2 of this document respectively, 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 to any other scheme or the Direct Plan before the completion of the Exit Load period OR One Year from the date of investment, whichever is later. The exception for this will be TILDF, where the recovery will be made in case the redemption / switches are made before the completion of the Exit Load period only. i. No. of days will be considered for the computation of the recoveries wherever the Exit Loads are 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. ii. For redemptions before the Exit Load period, the recovery of the brokerage will be equal to Upfront Brokerage 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). c. The following example explains the same:

i. An upfront brokerage 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 brokerage

ii. The investor redeems this money exactly after completion of 180 days. iii. In this case, the recovery will be Rs. 380.14, computed as ((750 * (365 – 180))/365 as per the above formula.

d. For Structure C outlined on Page 2 of this document (Additional Brokerage Structure applicable for investments Beyond Top 15 Cities), full Recovery of the additional brokerage paid will be done in case the Investor redeems / switches out to any other Scheme or the Direct Plan the amount before the completion of ONE YEAR from the date of investment, irrespective of the Exit Load period applicable to the Fund.

e. The Recovery will be made from the Brokerage payable to the Distributor for the month in which redemption has been made. E.g. If the redemption has been made in the month of February ’13, the recovery will be made from the Brokerage payable for the month of February ’13 in March ’13.

f. In case the Brokerage payable to the Distributor is insufficient to cover the Recovery amount, the Recovery will be tried for three consecutive months, including the first month when the recovery was tried to be affected. In case the Recovery is still not possible, a demand notice through Registered Post A.D. 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 for the resolution of the same.

3. Brokerage payable on Switches a. Equity to Equity switches: The upfront brokerage on switches from an Equity to Equity scheme (covered in the section Equity Funds in the brokerage

structure above) will be paid in the following manner: i. Upfront brokerage will be paid on switches done from one Equity Fund to another Equity Fund only on completion of three years

from the date of initial investment. This clause will be applicable to all original investments made prior to May 1, 2010 or on and after December 1, 2010 that get switched to another Equity Fund after completion of the three year period.

ii. For all Equity investments made between May 1, 2010 and November 30, 2010, the full brokerage applicable as on the date of the switch will be paid for the fund in which the investment is being switched-in in case the Exit Load period has been completed for the fund from where the Switch-out is taking place.

b. For all other Switches outside Clause 3 (a) above, there will be a Recovery Provision of the Upfront Brokerage as follows: i. In accordance with the introduction of the Recovery of Upfront Brokerages as outlined in Para 2 above, we will treat a Switch-out as a Redemption

and Switch-in as a Fresh Purchase. ii. Thus, in case an Investor Switches out money from a Fund before the Exit Load Period, it will be considered as a Redemption and the Upfront

Brokerage so paid will be recovered in lines of Para 2. The Switch-in will be considered as a Fresh Purchase, and the Upfront Brokerage payable on the Switch-in Fund will be paid in entirety to the Distributor.

iii. The recovery will be made in accordance of the Brokerage paid as per Structures A and B (pro-rata recovery) and Structure C (full recovery) as outlined in Para 2 (Recovery of Upfront Brokerage) above.

4. Please refer to the Fund’s SID / Prospectus / Fund Factsheet for the minimum amounts for investments, exit loads and other statutory and fund related information.

5. The MIS computation by Franklin Templeton’s Transfer Agency will be considered to be final for the purpose of the brokerage computation.


6. The above brokerage structure and the payout thereof are applicable only till the time the Distributor is empanelled with Franklin Templeton Asset Management (I) Pvt. Ltd.

C. Statutory / AMFI Driven Regulations 1) The commission structure communicated by the AMC from time to time is all inclusive i.e. inclusive of any cess, charges, taxes, etc. that may be applicable to

the Distributor and eligible for all the statutory deductions, including Income Tax, Service Tax, etc. 2) Investments in Franklin India Taxshield and Templeton India Pension Plan are currently eligible for deduction under Section 80C of the Income Tax Act, 1961.

Investors should be requested to consult their tax advisor in this matter. 3) The rules and regulations of SEBI/AMFI pertaining to brokerage payment to distributors will also be applicable for payment of the above mentioned brokerage

structure. 4) The above brokerage 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

above brokerage structure. 5) 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.

6) The distributors 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 and ensure that (i) no rebate is given to investors in any form and (ii) splitting of applications for any benefit.

7) As per the guidelines issued by SEBI (SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009) the upfront commission will be paid by the investor directly to his Distributor / Advisor 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.

8) In terms of SEBI / AMFI circulars / guidelines, the Channel Partners shall submit to FTMF all account opening and transaction documentation including Know Your Client, Power of Attorney (PoA), Account Opening Form, etc. in respect of investors / transactions through Channel Partners. Further, the payment of commission shall be made depending on the documentation completion status.

9) SEBI has communicated to all mutual funds / AMCs that any sales, marketing, promotional or other literature / material about the fund house products prepared by its distributors need to adhere and comply with the guidelines issued by SEBI with respect to the advertisement by Mutual Funds. It has further advised the AMCs to take suitable steps for put in place a mechanism for proactive oversight in this regard. As a distributor of the schemes of FTMF you may be issuing sales, marketing, promotional or any other literatures / material (such as leaflets, posters, banners, e-mailers etc.) to your clients, as a means of communicating the features or performance of our offerings / AMC. In view of the aforesaid communication from SEBI, you are advised to ensure that any such literature / material prepared or issued by you complies with the said SEBI guidelines. In this regard, as required by SEBI, Franklin Templeton may specify certain guidelines / process as means of proactive oversight on the literature / material issued by the distributors which may include pre-clearance of such literature / material or periodical / random review of all or any specific literature / material issued or proposed to be issued by you. In the interim, you are further advised to obtain a prior clearance from Franklin Templeton on any such sales, marketing, promotional or other literature / material proposed to be issued by you.

10) 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 upon his failure to discharge his obligations.

11) AMFI has vide circular dated August 27, 2010 introduced Know Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 2010, which is similar to Know Your Client (KYC) norms for investors, requiring the distributors to submit identity proof, address, PAN and bank account details with proof. KYD norms are applicable for fresh ARN registrations and ARN renewals effective September 1, 2010. The existing ARN holders are required to comply with these norms by March 31, 2011, failing which AMCs have been mandated to suspend payment of commission till the distributors comply with the requirements. All the Distributors / Advisors are encouraged to complete the KYD requirements at the earliest. The KYD Forms and Process Note are available on AMFI website www.amfiindia.com and our website www.franklintempletonindia.com.

* The Trail outlined as First Year will be paid from the date of allotment of the units till the end of 1st year from the date of allotment, provided the Assets remain invested in the fund. Similarly, the Second Year Trail will be paid from the beginning of the second year from the date of allotment of the units till the end of the 2nd year, provided the Assets remain invested in the fund. The Third Year onwards Trail will be paid from the beginning of the 3rd year from the date of the allotment till such time that the Assets, to which the Trail relates to, remain invested in the fund. The Trail payments will be made in each year as outlined above, provided that SEBI and all other statutory regulations applicable for the Total Expense Ratio and / or Brokerage payment from the relevant fund remain unchanged as applicable on the date of the brokerage structure and on the date of actual allotment of units for which the appropriate trail (FYT / SYT / TYT onwards) is payable. The AMC reserves the right to review these rates and make changes as appropriate in the event of the regulations changing at a later date. The Distributor will be intimated of any changes, to the computation/payment of Trail, as may be required under SEBI directives/regulations.

http://www.amfiindia.com/

http://www.franklintempletonindia.com/

presents

(1st April, 13 to 30th June, 13)

F.I.L.Khela Kya?

Dear Associate,

We are pleased to announce a SPECIAL CAMPAIGN in Canara Robeco Dynamic Bond Fund & Canara Robeco Short Term Fund as follows:

INCENTIVE FOR ONLY LUMPSUM INVESTMENT : The additional incentive of 25 bps upfront

Terms & Conditions:-

Valid Application: Fresh and Additional Sales in Canara Robeco Dynamic Bond Fund & CanaraRobeco Short Term Fund and Switches are acceptable.

The additional incentive is applicable on Gross Sales via valid applications only and is payable over and above the special brokerage structure (excluding SIP & STP Transactions) given above.

The additional incentive will be paid along with the June 2013 brokerage payout for all VALID APPLICATIONS ONLY.

Claw Back: In case the investment is Redeemed/Switchout/STP out within the exit load period, as applicable, the proportionate (i.e. for the remaining period of exit load period) of upfront including an additional upfront/incentive, if any, shall be recovered/clawed back/ set off from future payments, at AMC’s sole discretion.

Please feel free to contact our sales team for further details on the special incentive scheme.

As always, we look forward to a long and mutually beneficial relationship.

Best regards,

Edwin RietkerkChief Operating Officer

Canara Robeco Mutual Fund reserves the right to alter the incentive offer at any time. The modified structure, if any, will be applicable prospectively

INFORMATION SHEET FOR GO-GREEN CAMPAIGN

Distributor Name:…………………………………………….. ARN Number:…………

Address of the Distributor

________________________________________________

Email ID *

Mobile Number *

Contact Numbers *

Bank Account No. *

Bank Account Type *

(Please circle)

Current / Savings / Others (Please specify)

Name of Bank *

Branch address *

(indicate city, state & pin code)

9 Digit branch MICR code

11 Digit IFSC / NEFT code*

…………………………………………….. ………………………….. Signature & Stamp of Distributor Date Note : Please attach a cancelled cheque OR a clear photo copy of a cheque with a copy of bank a/c statement.

presents

(1st April, 13 to 30th June, 13)

F.I.L.Khela Kya?

Dear Associate,

We are pleased to announce a SPECIAL CAMPAIGN in Canara Robeco Dynamic Bond Fund & Canara Robeco Short Term Fund as follows:

INCENTIVE FOR ONLY LUMPSUM INVESTMENT : The additional incentive of 25 bps upfront


Valid Application: Fresh and Additional Sales in Canara Robeco Dynamic Bond Fund & CanaraRobeco Short Term Fund and Switches are acceptable.

The additional incentive is applicable on Gross Sales via valid applications only and is payable over and above the special brokerage structure (excluding SIP & STP Transactions) given above.

The additional incentive will be paid along with the June 2013 brokerage payout for all VALID APPLICATIONS ONLY.

Claw Back: In case the investment is Redeemed/Switchout/STP out within the exit load period, as applicable, the proportionate (i.e. for the remaining period of exit load period) of upfront including an additional upfront/incentive, if any, shall be recovered/clawed back/ set off from future payments, at AMC’s sole discretion.

Please feel free to contact our sales team for further details on the special incentive scheme.

As always, we look forward to a long and mutually beneficial relationship.

Best regards,

Edwin RietkerkChief Operating Officer

Canara Robeco Mutual Fund reserves the right to alter the incentive offer at any time. The modified structure, if any, will be applicable prospectively

INFORMATION SHEET FOR GO-GREEN CAMPAIGN

Distributor Name:…………………………………………….. ARN Number:…………

Address of the Distributor

________________________________________________

Email ID *

Mobile Number *

Contact Numbers *

Bank Account No. *

Bank Account Type *

(Please circle)

Current / Savings / Others (Please specify)

Name of Bank *

Branch address *

(indicate city, state & pin code)

9 Digit branch MICR code

11 Digit IFSC / NEFT code*

…………………………………………….. ………………………….. Signature & Stamp of Distributor Date Note : Please attach a cancelled cheque OR a clear photo copy of a cheque with a copy of bank a/c statement.

Entry Load Exit Load Upfront Trail p.a. (1st Yr onwards) Trail p.a. (2nd Yr onwards)

Minimum Rs. 5,000 and in multiples of

Re.1/- thereafter.Nil 1.00% 0.50% 0.50%

SIP / STP's Nil 0.75% 0.50% 0.50%

Liquid Daiwa Liquid Fund

Regular Plan:


Re.1/- thereafter.

Nil Nil - 0.075% 0.10%

Debt Daiwa Treasury Advantage FundMinimum Rs. 10,000 and in multiples of

Re.1/- thereafter.Nil Nil - 0.75% 0.10%

GiltDaiwa Government Securities Fund -

Short Term Plan


Re.1/- thereafter.Nil Nil - 0.15% 0.10%

2. The above brokerage structure will be applicable for normal purchases, switch-ins, SIPs and STPs.

1. The brokerage rates are applicable for all purchases made from April 1, 2013 to June 30, 2013.

Equity Daiwa Industry Leaders Fund

3. For SIP/STP, the brokerage rates applicable at the time of registration will apply for all subsequent investment installments.

Terms and Conditions :

1% if exited within 1 year of

allotment and

Nil if exited after 1 year of

Private & Confidential

DAIWA ASSET MANAGEMENT (I) PRIVATE LIMITED

Brokerage Structure - 1st April, 2013 till 30th June, 2013

Brokerage Structure for Advisors

Load Structure BrokerageCategory Scheme Investment Details

7. Entire brokerage excluding trail brokerage,is subject to proportionate claw back incase of outflows (Redemption, Switch, STP) within stated period from date of investments. Stated period for DILF is 1 year.

10. The brokerage will be paid directly in your bank account, wherever applicable, as initimated by you to us.

6. Brokerage/commision will not be released until the amount payable exceeds Rs. 100 on or before the end of the fiscal year end.

11. The rules/regulations of SEBI/AMFI pertaining to brokerage payment to advisors shall be applicable. Advisors shall comply with the Code of Conduct for intermediaries as prescribed by SEBI/AMFI and amended from time to

time.

15. You are required to submit the Declaration of Self Certification ("DSC") in the prescribed format latest by June 30 each year. In case of non-receipt of the DSC by June 30, payment of all types of commission shall be

suspended till the requirements of furnishing the DSC are complied with.

13. The brokerage/commission structure indicated above is subject to review from time to time and Daiwa AMC reserves the right to change the brokerage structure/period without any prior intimation.

8. Decision of Daiwa AMC pertaining to brokerage calculation and the other matters pertaining thereto shall be final & binding.

5. The brokerage/commission indicated above is on a gross basis, and is inclusive of applicable service tax and statutory levies.

3. For SIP/STP, the brokerage rates applicable at the time of registration will apply for all subsequent investment installments.

14. Effective September 1, 2010, AMFI has introduced the Know Your Distributor (“KYD”) norms applicable for fresh ARN registration and ARN renewal. As advised by AMFI, existing empanelled advisors are required to comply

with the KYD norms as applicable, failing which Daiwa AMC shall suspend payment of commission till the advisors comply with the KYD requirements. You may refer to our website (www.daiwafunds.in) or contact any of our

offices for the KYD process/application forms.

18. Please read the latest Scheme Information Document/Statement of Additional Information and various addenda issued from time to time to confirm scheme details.

17 In case EUIN is not provided or fails the validation test as stated above, you are required to remediate the same within 90 days either by providing the EUIN or the following declaration signed by the investor: “I/We

hereby confirm that the EUIN box has been intentionally left blank by me/us as this is an “execution-only” transaction without any interaction or advice by the employee/relationship manager/sales person of the above

distributor or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor and the distributor has not charged any advisory fees on this transaction”.

In case EUIN or the above declaration is not provided within 90 days, brokerage on the transaction shall be forfeited permanently.

9. Daiwa Mutual Fund reserves the right to seek refund in case of premature redemptions / unexpired period for which trail commision is paid.

4. The annualized brokerage is calculated on the basis of 'Daily Average Assets' on the NAV and paid monthly.

16. Pursuant to the SEBI circular dated September 13, 2012 and the AMFI guidelines on implementation of Employee Unique Identification Number (EUIN) issued from time to time, please ensure that your sub-broker (if any)

affixes his/her correct ARN code and the EUIN of the sales person (if any) in the relevant columns provided in addition to the current practice of affixing the internal code issued by the main ARN holder in the application forms.

These would be validated by the AMC and in case of any discrepancy, the AMC/Trustee may withold the commission as deemed appropriate.

12. Please refer to SEBI Circular No. SEBI/IMD/Cir No. 4/168230/09 dated June 30, 2009 regarding transparency in commisions. You are requested to take note of paragraph 4 (d) of the said circular which states as follows : "The

distributors should disclose all the commisions (in form of trail commision 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". Advisors are required to act accordingly.

Additional* Incentive for Focus funds –

Period: April – June 2013

DSP BR Equity Fund / DSP BR Micro Cap Fund / DSP BR Small and Mid Cap Fund:

Additional 0.25% ( only lump sum investments )

Target – Nil

DSP BR Tax Saver Fund:

Additional 0.25% ( only lump sum investments )

Target – Nil

DSP BR Bond Fund: (only lump sum investments)

Additional 0.25%

Target - Nil

(*Additional on the base rate)

Notes:

1. Please refer to the notes for detailed terms and conditions.

2. Above mentioned incentives are applicable for the quarter April to June 2013 only.

3. DSPBR Management deserves the right to withdraw / amend / suspend the above

mentioned additional incentives without any notice.

Notes for B 15 cities - Special Incentive (As per SEBI circular & related guidelines from AMFI) ******************************************************************************** 1) Brokerage rates mentioned above are applicable for all the purchases made from 1st April 2013 to 30th June 2013

a) Upfront brokerage: The upfront brokerage payments are computed on the investment value and are paid in arrears at the end of each month (unless specified otherwise).

b) Trail brokerage: The trail amount is calculated on the basis of ‘Daily Average Assets' on the NAV. This is paid in arrears at the end of each month (unless specified otherwise).

2) Recovery of Upfront brokerage and special incentive paid: In light of the changes in the Regulations w.e.f. October 1, 2012, a new clause regarding recovery of Upfront brokerage paid to the Distributor, is being introduced in the following manner: Upfront Brokerage

a. The Upfront brokerage paid to a Distributor will be recovered from the Distributor, if the investment (for which such upfront brokerage was paid) is redeemed before the completion of the Exit Load period/defined holding period for the concerned scheme. For Schemes with defined holding period (as different from exit load period), please refer point no. 3 below

b. The recovery would be made on a pro-rata basis i.e. depending upon the number of days for which the investment has stayed invested in the concerned scheme before being redeemed before the completion of the Exit Load period / defined holding period of the concerned scheme. i. For redemption before the Exit Load period, the recovery of the brokerage will be equal to: Upfront

Brokerage Paid * (Exit load period in days or defined holding period – Number of days investment stayed) / Exit load period OR defined holding period in days.

For example: Applicable Upfront Brokerage: 0.40%. Investment Value: Rs. 100,000. Exit load: 1%. Exit load period or defined holding period: 1 year. Redemption by the investor: At the end of 180 days.

Brokerage claw back calculations will be as follows:

• Upfront brokerage paid: Rs. 400 (100,000*0.40%)

• Brokerage claw back amount: Rs. 202.74 (400*((365-180)/365)) 3) Defined holding period for the following schemes will be as under

Name of the Scheme Period DSP BlackRock Strategic Bond Fund 182 days DSP BlackRock Government Securities Fund 182 days

Special Incentive

a. If the investment is redeemed within 365 days from the date of subscription to the concerned scheme, DSP BlackRock Investment Managers Pvt. Ltd (DSPBRIM) will claw back the entire special incentive paid on that subscription.

4) Switches: Inter scheme switches will be treated as a normal purchase. Upfront brokerage will be paid on switches

made between schemes (and not plans) which will be treated like a normal purchase as mentioned above. 5) The brokerage structure communicated by DSP BlackRock Investment Managers Pvt. Ltd (DSPBRIM) from time-to-

time is all inclusive i.e. inclusive of any cess, charges, taxes etc that may be incurred by DSPBRIM and is eligible for all the statutory deductions, including income tax, etc.

6) Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP): [applicable for new SIP/STP registrations]:

Any additional brokerage/incentives/paid over & above the attached brokerage structure will not be applicable for SIP/STP’s done during the defined period, unless otherwise specified.

7) The rules and regulations of SEBI/AMFI pertaining to brokerage payment to distributors will also be applicable for

payment of the above mentioned brokerage structure.

8) The above brokerage structure is based on the present total expense ratio permitted by the Regulations. Any downward revision in the limits of total expense ratio by the Regulations or due to significant increase in AUM of respective funds will entail a downward change in all forms of applicable brokerage for existing assets and business mobilized during this period.

9) DSP BlackRock Investment Managers Pvt. Ltd. (DSPBRIM) reserves the right to change, withdraw, and / or

amend the above mentioned terms and conditions, without any prior notice.

10) DSPBRIM reserves the right to withhold / not pay upfront brokerage /trail brokerage or whatsoever brokerage on any transaction / application, at its sole discretion.

11) Brokerage payment (including trail brokerage) will be made by the respective schemes of DSP BlackRock Mutual Fund and/or DSP BlackRock Investment Managers Pvt. Ltd.

12) The brokerage /Incentive structure mentioned hereinabove is solely payable to AMFI/NISM certified distributors of

DSP BlackRock Investment Managers Pvt. Ltd (DSRBRIM). DSPBRIM shall not be responsible for any losses incurred by anyone due to change in the brokerage structure. All distributors shall 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 brokerage /incentive back to investors nor tempt them with gifts /rebate. DSPBRIM will take disciplinary action against any distributor who is found violating the rules, regulations and code of conduct. The distributor shall disclose all commissions (upfront, trail 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.

Notes for T 15 cities ******************************************************************************** 1) Brokerage rates mentioned above are applicable for all the purchases made from 1st April 2013 to 30th June 2013

a) Upfront brokerage: The upfront brokerage payments are computed on the investment value and are paid in arrears at the end of each month (unless specified otherwise).

b) Trail brokerage: The trail amount is calculated on the basis of ‘Daily Average Assets' on the NAV. This is paid in arrears at the end of each month (unless specified otherwise).

2) Recovery of Upfront brokerage paid: In light of the changes in the Regulations w.e.f. October 1, 2012, a new clause regarding recovery of Upfront brokerage paid to the Distributor, is being introduced in the following manner: Upfront Brokerage

a. The Upfront brokerage paid to a Distributor will be recovered from the Distributor, if the investment (for which such upfront brokerage was paid) is redeemed before the completion of the Exit Load period/defined holding period for the concerned scheme. For Schemes with defined holding period (as different from exit load period), please see refer no. 3 below

b. The recovery would be made on a pro-rata basis i.e. depending upon the number of days for which the investment has stayed invested in the concerned scheme before being redeemed before the completion of the Exit Load period / defined holding period of the concerned scheme. i. For redemption before the Exit Load period, the recovery of the brokerage will be equal to : Upfront

Brokerage Paid * (Exit load period in days or defined holding period – Number of days investment stayed) / Exit load period OR defined holding period in days.

For example: Applicable Upfront Brokerage: 0.40%. Investment Value: Rs. 100,000. Exit load: 1%. Exit load period or defined holding period: 1 year. Redemption by the investor: At the end of 180 days.

Brokerage claw back calculations will be as follows:

• Upfront brokerage paid: Rs. 400 (100,000*0.40%)

• Brokerage claw back amount: Rs. 202.74 (400*((365-180)/365))

3) Defined holding period for the following schemes will be as under Name of the Scheme Period

DSP BlackRock Strategic Bond Fund 182 days DSP BlackRock Government Securities Fund 182 days

4) Switches: Inter scheme switches will be treated as a normal purchase. Upfront brokerage will be paid on switches made between schemes (and not plans) which will be treated like a normal purchase as mentioned above.

5) The brokerage structure communicated by DSP BlackRock Investment Managers Pvt. Ltd (DSPBRIM) from time-to-

time is all inclusive i.e. inclusive of any cess, charges, taxes etc that may be incurred by DSPBRIM and is eligible for all the statutory deductions, including income tax, etc.

6) Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP): [applicable for new SIP/STP registrations]:

Any additional brokerage/incentives/paid over & above the attached brokerage structure will not be applicable for SIP/STP’s done during the defined period, unless otherwise specified.

7) The rules and regulations of SEBI/AMFI pertaining to brokerage payment to distributors will also be applicable for

payment of the above mentioned brokerage structure. 8) The above brokerage structure is based on the present total expense ratio permitted by the Regulations. Any

downward revision in the limits of total expense ratio by the Regulations or due to significant increase in AUM of respective funds will entail a downward change in all forms of applicable brokerage for existing assets and business mobilized during this period.

9) DSP BlackRock Investment Managers Pvt. Ltd. (DSPBRIM) reserves the right to change, withdraw, and / or

amend the above mentioned terms and conditions, without any prior notice.

10) DSPBRIM reserves the right to withhold / not pay upfront brokerage /trail brokerage or whatsoever brokerage on any transaction / application, at its sole discretion.

11) Brokerage payment (including trail brokerage) will be made by the respective schemes of DSP BlackRock Mutual Fund and/or DSP BlackRock Investment Managers Pvt. Ltd.

12) The brokerage /Incentive structure mentioned hereinabove is solely payable to AMFI/NISM certified distributors of

DSP BlackRock Investment Managers Pvt. Ltd (DSRBRIM). DSPBRIM shall not be responsible for any losses incurred by anyone due to change in the brokerage structure. All distributors shall 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 brokerage /incentive back to investors nor tempt them with gifts /rebate. DSPBRIM will take disciplinary action against any distributor who is found violating the rules, regulations and code of conduct. The distributor shall disclose all commissions (upfront, trail 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.

Upfront Brokerage

Category Scheme Name

Upfront

Special Incentive

- Applicable only

in B15 Year 1 Year 2 Year 3 Year 4 Onwards

Brokerage Structure

Period Of Applicability : April - June 2013

Equity 1.50%

Trail Brokerage - Annualized

0.60% 0.60%0.60%

DSPBR Equity Fund 1.25% 0.25%

DSPBR Top 100 Equity Fund

DSPBR Opportunities Fund

DSPBR India TIGER Fund

DSPBR Small & Midcap Fund 1.25% 0.25%

DSPBR Technology.com Fund

DSPBR NRNE Fund

DSPBR Focus 25 Fund

DSPBR Micro Cap Fund 1.25% 0.25%

0.60% 0.60% 0.60%

Equity 1.50% 0.60% 0.60%

FOF

0.60%

0.75% Nil 0.60%

0.75%

0.75%

0.60%

0.60%

DSPBR World Gold Fund

DSPBR World Energy Fund

DSPBR World Mining FundDSPBR World Agriculture Fund

DSPBR US Flexible Equity Fund

0.60% 0.60% 0.60%

Hybrid

FOF 0.75% Nil 0.60%

DSPBR MIP Fund 1.25% 1.00% 0.60% 0.60% 0.60% 0.60%

DSPBR Balanced Fund 1.25% 1.50% 0.60% 0.60% 0.60% 0.60%

ELSS DSPBR Tax Saver Fund 4.50% 1.00% Nil Nil Nil 0.60%

Upfront Brokerage

Category Total Upfront

Year 1

(0-6 Months)

Year 1

(7-12 Months) Year 2 Year 3 Year 4 Onwards

Fixed In

com

e

Hybrid

Scheme Name

Trail Brokerage - Annualized

DSPBR Bond Fund1.50% 0.00% 0.00% 0.75% 0.75% 0.75%

DSPBR Government Securities Fund 0.50% 0.00% 0.20% 0.50% 0.50% 0.50%

DSPBR Strategic Bond Fund0.40% 0.00% 0.20% 0.50% 0.50% 0.50%

DSPBR Short Term Fund

0.50% 0.00% 0.00% 0.50% 0.50% 0.50%

DSPBR Income Opportunities Fund 1.25% 0.00% 0.00% 0.50% 0.50% 0.50%

DSPBR Liquidity Fund Nil 0.05% 0.05% 0.05%

DSPBR Treasury Bill Fund Nil 0.25% 0.25% 0.25%

DSPBR Money Manager Fund Nil 0.70% 0.70% 0.70%

Exit Load

Please refer to the detailed notes attached with this structure

Schemes Exit Load All Equity & FOF & Hybrid Funds except Micro Cap Fund Holding period from date of allotment: <12 months - 1%; >=12 months - NilDSPBR Tax Saver Fund Investments in DSPBR Tax Saver Fund are subject to lock-in period of 36 months from the allotment.

DSPBR Micro Cap fund Holding period from date of allotment: <24 months - 1%; >=24 months - NilDSPBR Income Opportunities Fund Holding period from date of allotment: <=9 months - 1%; >9 months - Nil

DSPBR Short term Fund

All other Fixed Income Funds Nil

DSPBR Government Securities FundHolding period from date of allotment: < = 7 calender days - 0.1%; > 7 calendar days - NilHolding period from date of allotment: < = 7 calender days - 0.1%; > 7 calendar days - Nil

Holding period from date of allotment: < =6 months - .50%; > 6 months - NilDSPBR Strategic Bond Fund

DSPBR Bond Fund Holding period from date of allotment: <=12 months - 1%; >12 months - Nil

Fixed In

com

e

0.05%

0.25%

0.70%

of 2

Period: April to June 2013

SIP Momentum – Additional Brokerage for SIP Investments ( Per SIP Incentive ) As you are aware, Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) are time tested and disciplined approaches towards wealth creation. It allows the investor to adopt a systematic and dedicated approach to financial planning by inculcating a habit for regular savings. Saving through the SIP / STP route allows the investor to benefit from Rupee Cost Averaging, Power of Compounding and also potentially helps smoothen out market volatility. To continue the momentum for SIP’s, we are pleased to offer you the following additional incentive structure. Part 1 SIP/STP in the range of Rs. 1000 to Rs. 5000 (Lump Sum incentive scheme)

Additional Incentive for SIP/STP

Amount (Rs) / Tenure (Months) <60 months > or = 60 months

1000 < 2000 Amount of SIP x Tenure x 0.35% Amount of SIP x 60 x 0.45%

=2000 <= 5,000 Amount of SIP x Tenure x 0.45% Amount of SIP x 60 x 0.50%

No Target

(a) For e.g. Additional Incentive Payout for SIP of Rs.2500 for 3 years (36months) will be: Total Amount of investment: Rs. 2500x36 = Rs.90,000 Total Incentive: Rs. 90,000 x 0.45% = Rs.405 Part 2 SIP/STP in the range of Rs 5001 to Rs.50,000 (Installment based incentive scheme) All SIP /STP registered in this range will be eligible to get additional upfront payout of 50bps with each installment. (a) For e.g. if an associate has a base brokerage structure as follows:

Upfront ( Equity Schemes ) Total Upfront Trail

40 bps 40 bps 40 Bps

For SIP business, payout will be as follows:

Upfront ( Equity Schemes ) Total Upfront Trail

40 + 50 ( SIP incentive ) 90 bps 40 bps

of 2

Terms and conditions of the contest

1. Regular Brokerage (up-front & trail) on SIP Installments will be paid as per the base rate of “Brokerage Structure” for

the period April to June 2013. Payable at the end of the quarter

2. The Additional Incentive structure mentioned above is applicable for all NEW SIPs/ STPs initiated in equity schemes

between the mentioned periods.

3. Applicable to all equity schemes and DSP BR Tax Saver Fund

4. A maximum of 5 years (60 months) has been capped for additional incentive payout for all applications up to Rs

5,000.

5. SIPs/STPs in the range of Rs 5001 to Rs 50,000 will get the additional incentive till installments are live.

6. SIPs/STPs above Rs 50,000 will not be eligible for any special incentive.

7. STP from all schemes to specified equity schemes only will be considered for additional incentive payout.

8. For all SIPs/STPs up to Rs 5,000 - In case of pre closure of SIP/ STP, AMC will recover a proportionate incentive paid

for the period between pre-closure & termination dates as per the original registration.

9. In case of weekly STP, only first installment amount will be considered for the incentive (in case of SIP / STP upto a

value of <= 5000).

10. Additional Incentive stated above is Gross of Service Tax. 11. SIP applications without the “start-month and end-month” as mentioned in the prescribed format will get rejected.

12. DSP BlackRock reserves the right to amend or withdraw this scheme without any prior notice.

Insist your client to fill up correct email id and mobile number in an application form. It will help us to serve you better

Additional Fixed Income Upfront – May ’13 – ND-D Page 1 of 1

Structure - D

Additional Distributor Remuneration Structure Period of Applicability: May 1 to 31, 2013

* Mobilization means Fresh Purchases and Switch-ins from other Funds

Notes: 1) All the Terms and Conditions outlined in the Notes section of Annexure 1 – Distributor Remuneration

Structure will be applicable for the above additional remuneration structure. 2) The Additional Upfront Brokerage payable will be recovered in a pro-rata manner as outlined in the

Structure B of the Distributor Remuneration Structure in case the investments are redeemed / switched out to another fund / switched out to the Direct Plan before the end of the Exit Load period or One year from the date of the investment, whichever is later.

3) The brokerage payable on switches into these funds will be as outlined in Para 3 – Brokerage payable on switches in Section B – General in Notes of the Distributor Remuneration Structure.

4) The switches between any of these three funds into any of the other two funds (e.g. TIIBA to TIIOF or TIBCOF) will be not be eligible for the additional brokerage.

Fund Type & Fund Name Mobilization Amount*

Additional Upfront

Brokerage

1) Templeton India Income Builder Account (TIIBA) – Plan A Total mobilization of Rs. 15 Crore in these three funds

0.15%


3) Templeton India Corporate Bond Opportunities Fund (TICBOF)

BS – Apr ’13: ND – D1 (Regular) Page 1 of 4

Distributor Remuneration Structure Period of Applicability: April 1 to 30, 2013











Upfront Brokerage

Trail (% p.a.) *




0.75% 0.50% 0.50% 0.50%












B. Index Funds
















F. Short Term Funds





G. Liquid Funds


H. Fund of Funds



















0.50%





















D. Short Term Funds


E. Fund of Funds














1.75%






















E. Fund of Funds







Notes:


FT Sales Region

























B. General: 1. The Upfront Brokerage outlined in the table above is applicable for the period April 1 to 30, 2013. However, Franklin Templeton Asset























Distributor Remuneration Structure Period of Applicability: May 1 to 31, 2013











Upfront Brokerage

Trail (% p.a.) *




0.75% 0.50% 0.50% 0.50%












B. Index Funds
















F. Short Term Funds





G. Liquid Funds


H. Fund of Funds



















0.50%





















D. Short Term Funds


E. Fund of Funds














1.75%






















E. Fund of Funds







Notes:


FT Sales Region

























B. General: 1. The Upfront Brokerage outlined in the table above is applicable for the period May 1 to 31, 2013. However, Franklin Templeton Asset






















Annexure “B”

HDFC Mutual Fund

Additional Incentive Structure for SIP/ STP/ Flex STP/ Swing STP for April – June ‘13

Additional incentive in the eligible schemes as mentioned below:

List of Eligible Schemes HDFC Growth Fund HDFC Balanced Fund HDFC Equity Fund HDFC Prudence Fund HDFC Top 200 Fund HDFC Long Term Advantage Fund HDFC Capital Builder Fund HDFC TaxSaver HDFC Core & Satellite Fund HDFC Children’s Gift Fund HDFC Premier Multi-Cap Fund HDFC MF Monthly Income Plan HDFC Mid-Cap Opportunities Fund HDFC Income Fund HDFC Focused Large Cap Fund HDFC High Interest Fund HDFC Infrastructure Fund HDFC Gilt Fund – Long Term Plan (LTP) HDFC Gold Fund HDFC Multiple Yield Fund (MYF) & MYF 05

1. Additional Incentive (For SIP):

a. Less than 1 year: Nil b. For >= 1 year but <= 5 years

Additional Incentive per SIP application $

For every SIP installment (Rs.)

>= 1 year & < 3 years @

>= 3 years & < 5 years

= 5 years

> = Rs. 1,000 & < Rs. 2,000 Rs. 50 Rs. 125 Rs. 250 > = Rs. 2,000 & < Rs. 3,000 Rs. 100 Rs. 250 Rs. 500

> = Rs. 3,000 0.30% 0.30% * * Additional 0.20% for HDFC Growth Fund, HDFC Capital Builder Fund, HDFC Core & Satellite Fund, HDFC Premier Multi-Cap Fund, HDFC Balanced Fund, HDFC Children’s Gift Fund, HDFC Mid-Cap Opportunities Fund, HDFC Focused Large Cap Fund & HDFC Infrastructure Fund @ Not applicable to HDFC Gold Fund (additional incentive applicable only on SIP of >= 3 yrs) $ In respect of HDFC Gilt Fund – LTP, the aforesaid incentive table is not applicable. However, flat additional incentive per SIP application @ 0.10% is payable where SIP installment is Rs 1,000 or more for >= 1 year but <= 5 years

c. More than 5 years: i. For the initial 5 years: As above

ii. For the balance tenure: 0.10% provided that the amount per SIP installment is equal to or more than Rs. 2,000 (Rupees Two Thousand)

d. For the sake of clarity 1 year = 4 quarters = 12 months

Annexure “B”

2. Additional Incentive (For STP/ Flex STP/ Swing STP):

0.30% ^ on each installment for a minimum of 12 installments (24 where installment amount is less than Rs 1000/-). STP/ Flex STP/ Swing STP between equity-oriented schemes shall not qualify for aforesaid additional incentive.

^ Additional 0.20% for HDFC Growth Fund, HDFC Capital Builder Fund, HDFC Core & Satellite Fund, HDFC Premier Multi-Cap Fund, HDFC Balanced Fund, HDFC Children’s Gift Fund, HDFC Mid-Cap Opportunities Fund, HDFC Focused Large Cap Fund & HDFC Infrastructure Fund for a minimum of 36 installments of Rs 3000/- or more In respect of HDFC Gold Fund, 0.30% on each installment for a minimum of 36 installments & maximum of 60 installments of Rs 1000/- or more. In respect of HDFC Gilt Fund – LTP, the aforesaid incentive is not applicable. However, flat additional incentive per STP/ Flex STP/ Swing STP application @ 0.10% is payable where STP/ Flex STP/ Swing STP installment is Rs 1,000 or more for a minimum of 12 installments (24 where installment amount is less than Rs 1000/-).

3. Trail Commission will continue to be the same as per the ongoing structure

General Conditions applicable to SIP/ STP/ Flex STP/ Swing STP:

1. In case the SIP/ STP/ Flex STP/ Swing STP cheques / installments are not realized or if SIP/ STP/ Flex STP is discontinued, the respective incentive will be deducted proportionately from future brokerage payments.

2. In case the investment is redeemed within the exit load period, the proportionate (i.e. for the remaining period of exit load period) of additional incentive shall be recovered/clawed back/ set off from future payments, at AMC’s sole discretion.

3. The additional incentive on SIP/ STP/ Flex STP/ Swing STP shall be paid on a monthly basis on receipt of registration details.

4. 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. Please ensure compliance.

HDFC Mutual Fund ka TaxSavings Dhamaka!

(April –June ’13) The following target based incentive will be paid on mobilizing fresh application and switches from debt-based schemes or HDFC Gold Fund or HDFC Arbitrage Fund or HDFC Index Funds to HDFC Long Term Advantage Fund and HDFC TaxSaver during the aforesaid period as per the table listed below: Amount mobilized (Rs. in lacs)

Slab Additional Incentive $ Cat A cities Cat B cities Cat C cities I 0.05% >= 2 < 10 >= 1 < 5 >= 0.5 < 2.5 II 0.15% >= 10 < 20 >= 5 < 10 >= 2.5 < 5 III 0.25% > = 20 > = 10 > = 5

The total amount mobilised under aforesaid schemes during the period under consideration shall be eligible for computation of target-based incentive, if any, during April – June ‘13. Category Cities

A Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai

B Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh

C All other cities not forming part of ‘A’ & ‘B’ above $ Upfront brokerage as applicable to HDFC Long Term Advantage Fund and HDFC TaxSaver will be paid in the succeeding month and additional incentive will be paid at the end of the offer period. Notes:

1. The citywise incentive payable is applicable only to all distributors empanelled with HDFC AMC Ltd.

2. For IFA/ Regional Distributors, the city in which application is submitted shall be transaction city for the computation of targets/ brokerage

3. For determining additional upfront payable, if subscription is mobilized from more than one city falling under different categories say A & B or A & B & C or A & C or B & C, then brokerage shall be paid higher of: • The amount mobilized shall be aggregated and deemed to have been

received from the higher category city and brokerage computed accordingly for e.g. amount collected from A & C cities shall be aggregated and the slabwise rate applicable to A city shall be applied or

• The amount mobilized shall be aggregated for each category and brokerage shall be computed for each category separately at the applicable slabs for e.g.

amount collected from A & C cities shall be aggregated categorywise and brokerage shall be computed for each category separately at the applicable slabs and the categorywise brokerage shall be aggregated

4. HDFC Asset Management Company Limited (“AMC”) reserves the right to change the brokerage/ incentive without any prior intimation or notification.

5. The AMC shall not be responsible for any losses incurred by anyone due to change in the brokerage/incentive structure.

6. The AMC at its sole discretion is entitled to change the cities falling within various categories.

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

8. 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 it brought to our notice that higher brokerage is offered to sub-brokers or have violated the code of conduct and/ or rules/ regulations laid down by SEBI and AMFI. Terms & Conditions:

1. Existing/ New SIP and/ or STP/ Flex STP/ Swing STP into any aforesaid scheme shall not be considered for computation of target collection nor shall be entitled to aforesaid additional upfront

2. Any transfer to aforesaid Schemes arising out of HDFC FlexIndex Plan shall be considered for computation of target.

3. In case the cheques are not realized, the respective incentive will be deducted from future brokerage payments.


Annexure “A”

HDFC Mutual Fund

Brokerage Structure for SIP / STP/ Flex STP/ Swing STP (April – June ‘13)

The brokerage structure for SIPs and STPs (including Flex STP/ Swing STP):

Minimum number of installments

6 Monthly or 2 Quarterly (SIP/STP/ Flex STP/ Swing STP)

or 6 Daily/Weekly (Only STP/ Flex STP/ Swing STP)

Maximum number of installments No upper limit $

Brokerage: Throughout the period of SIP/ STP/ Flex STP/ Swing STP

Upfront/Trail Fee on each SIP/ STP/ Flex STP/ Swing STP installment shall be payable as per the prevailing rate applicable to normal purchases on the date of each SIP/STP/ Flex STP/ Swing STP installments

$ except for CGF where SIP will automatically stand terminated upon the Child attaining 18 years of age

HDFC Asset Management Company Limited (“AMC”) reserves the right to change the brokerage/ incentive without any prior intimation or notification.

Statement of Commissions Payable to Distributors

Name of AMC: HDFC Asset Management Company Limited

Name of Mutual Fund: HDFC Mutual Fund

B - 15 Cities:

Validity Period: April - June '13

Category Scheme Name Plan/Option Exit Load Period

Upfront Commission

(%) @ $

Additional Upfront Commission for B15 Cities

(%) # $

Trail Commission for Year 1 (%)

APM

Trail Commission for Year 2 onwards

(%) APM $ RemarksEquity

Equity

HDFC Equity Fund, HDFC Top 200 Fund, HDFC Capital Builder Fund, HDFC Core & Satellite Fund, HDFC Premier Multi Cap Fund, HDFC Growth Fund, HDFC Mid Cap Opportunities Fund, HDFC Infrastructure Fund

Growth & Dividend 1 Year 0.50 1.50 0.75 0.50 Nil

HDFC Focused Large Cap Fund Growth & Dividend 1 Year 0.50 1.50 0.75 0.50 Nil

HDFC Prudence Fund Growth & Dividend 1 Year 0.50 1.50 0.75 0.50 NilBalanced HDFC Childrens Gift Fund - Investment Plan (Equity) Growth 3 Years 0.75 1.50 0.50 Please refer Note 1 Nil

HDFC Childrens Gift Fund - Savings Plan (Debt) Growth 3 Years 0.75 1.50 0.50 Please refer Note 1 NilHDFC Balanced Fund Growth & Dividend 1 Year 0.50 1.50 0.75 0.50 Nil

HDFC Long Term Advantage Fund Growth & Dividend 3 Years (Lock In) 3.00 1.50 Nil Nil

Refer Tax Dhamaka. Trail -

0.40% year 4 Onwards

HDFC Tax Saver Fund Growth & Dividend 3 Years (Lock In) 3.00 1.50 Nil Nil

Refer Tax Dhamaka. Trail -

0.40% year 4 Onwards

HDFC Index Fund - Nifty Plan Growth 1 Month Nil Nil 0.75 0.20 NilHDFC Index Fund - Sensex Plan Growth 1 Month Nil Nil 0.75 0.20 NilHDFC Index Fund - Sensex Plus Plan Growth 1 Month Nil Nil 0.75 0.20 Nil

Arbitrage HDFC Arbitrage Fund Retail - Growth & Dividend 6 Months 0.10 Nil 0.35 0.35 Nil

DebtHDFC MF Monthly Income Plan - Short Term Plan Growth & Dividend 1 Year 1.15 1.50 Nil 0.50 NilHDFC MF Monthly Income Plan - Long Term Plan Growth & Dividend 1 Year 0.75 1.50 0.40 0.50 Nil

HDFC Multiple Yield Fund Growth & Dividend 1 Year 1.00 Nil Nil 0.75 Trail - 0.50% Year 4 Onwards

HDFC Multiple Yield Fund - Plan 2005 Growth & Dividend 15 Months 1.00 Nil Nil 0.75 Trail - 0.50% Year 4 Onwards

HDFC Income Fund Growth & Dividend 6 Months 0.50 Nil 0.50 0.40 NilHDFC High Interest Fund Growth & Dividend 3 Months Nil Nil 0.75 0.40 Nil

HDFC Short Term Plan Growth & Dividend 9 Months 0.60 Nil Nil 0.30 NilHDFC High Interest Fund - STP Growth & Dividend 1 Month Nil Nil 0.30 0.20 NilHDFC Short Term Opportunities Fund Growth & Dividend 3 Months Nil Nil 0.10 0.10 NilHDFC Medium Term Opportunities Fund Growth & Dividend 18 Months Nil Nil 0.05 0.05 NilHDFC Floating Rate Income Fund - Long Term Plan Growth & Dividend 1 Year Nil Nil 0.05 0.05 Nil

HDFC Gilt Fund - Short Term Plan Growth & Dividend Nil Nil Nil 0.40 0.25 NilHDFC Gilt Fund - Long Term Plan Growth & Dividend 3 Months 0.20 Nil 0.40## 0.30 Nil

HDFC Liquid Fund Growth & Dividend Nil Nil Nil 0.10 0.10 NilHDFC Cash Management Fund - Call Plan Growth & Dividend Nil Nil Nil 0.05 0.05 NilHDFC Cash Management Fund - Savings Plan Growth & Dividend Nil Nil Nil 0.05 0.05 Nil

Short Term Funds

Income

Other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh

ELSS

Index

Hybrid - Debt Oriented

Gilt

Liquid

Category Scheme Name Plan/Option Exit Load Period

Upfront Commission

(%) @ $

Additional Upfront Commission for B15 Cities

(%) # $

Trail Commission for Year 1 (%)

APM

Trail Commission for Year 2 onwards

(%) APM $ Remarks

HDFC Floating Rate Income Fund - Short Term Plan Wholesale - Growth & Dividend Nil Nil Nil 0.05 0.05 Nil

HDFC Cash Management Fund - Treasury Advantage Plan Retail - Growth & Dividend Nil Nil Nil 0.75 0.30 Nil

Gold

FOF HDFC Gold Fund Growth 1 Year 0.75 Nil Nil 0.40 Refer Incentive Scheme

**Refer KIM for minimum application amount

# In case the investment is redeemed within the exit load period, as applicable, the upfront (including addtional upfront/ incentive, if any) paid shall be recovered/clawed back/ set off fully from the future brokerage payments, at AMC’s sole discretion.

For brokerage on SIP/ STP, refer annexure "A" & "B"APM - Annualised Payable Monthly $ Subject to revision on prospective basis

Note 1 (CGF)If Age of Asset Trail Fee Year 2 onwardsMore than 10 years 1.00%Above 5 years upto 10 years 0.75%Above 3 years upto 5 years 0.60%Upto 3 years 0.50%

## After three months from the date of allotment

Ultra Short Term

$ 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/incentive if any) paid shall be recovered/clawed back/set off fully/proportionately from future brokerage payments

@ In case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e. for the remaining period of exit load period) of upfront (including addtional upfront/ 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 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.

HDFC Mutual Fund ka Gold Dhamaka! HDFC Gold Fund (April – June ‘13)

The following target based incentive will be paid on mobilizing fresh application and switches into HDFC Gold Fund during the aforesaid period as per the table listed below: Amount mobilized (Rs. in lacs)

Slab Additional Incentive $ Cat A cities Cat B cities Cat C cities I 0.05% >= 20 < 50 >= 10 < 25 >= 5 < 12.50 II 0.10% >= 50 < 100 >= 25 < 50 >= 12.50 <25 III 0.15% > = 100 > = 50 > = 25

Category Cities

A Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai

B Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh

C All other cities not forming part of ‘A’ & ‘B’ above $ Upfront brokerage will be paid in the succeeding month and additional incentive will be paid at the end of the offer period. Notes:

1. The citywise incentive payable is applicable only to all distributors empanelled with HDFC AMC Ltd.

2. For eligibility, the city in which application is submitted shall be transaction city for the computation of targets/ brokerage

3. For determining additional upfront payable, if subscription is mobilized from more than one city falling under different categories say A & B or A & B & C or A & C or B & C, then brokerage shall be paid higher of: • The amount mobilized shall be aggregated and deemed to have been

received from the higher category city and brokerage computed accordingly for e.g. amount collected from A & C cities shall be aggregated and the slabwise rate applicable to A city shall be applied or

• The amount mobilized shall be aggregated for each category and brokerage shall be computed for each category separately at the applicable slabs for e.g. amount collected from A & C cities shall be aggregated categorywise and brokerage shall be computed for each category separately at the applicable slabs and the categorywise brokerage shall be aggregated



6. The AMC at its sole discretion is entitled to change the cities falling within various categories.



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

1. In case the investment is redeemed within the exit load period, the proportionate (i.e. for the remaining period of exit load period) of additional incentive shall be recovered/clawed back/ set off from future payments, at AMC’s sole discretion.

2. Existing/ New SIP and/ or STP/ Flex STP/ Swing STP into any aforesaid scheme shall not be considered for computation of target collection nor shall be entitled to aforesaid additional upfront



HDFC Mutual Fund Special Incentive Scheme

April - June ‘13

1. SIP Top UP: Rs 100 per valid application

2. SIP/ STP/ Flex STP registered on www.hdfcfund.com or platform of Stock

Exchanges/ Distributors: Rs 100 per valid application of Rs 1000 or more for minimum of 12 installments

Notes:

1. The special incentive shall be paid on a monthly basis subject to receipt of registration details


http://www.hdfcfund.com/

SchemeExit Load

PeriodNormal upfront

Additional Upfront

Special Upfront

Normal Trail Year

1Additional Trail Year 1

Special Trail Year

1

Total Brokerage

Year 1Applicable

to Remarks

HDFC Income Fund 6 months 0.50% 0.25% 0.25% 0.50% 0.00% 0.00% 1.50% PAN IndiaExcluding Systematic

Trxns

HDFC Short Term Plan 9 months 0.60% 0.15% 0.15% 0.00% 0.00% 0.00% 0.90% PAN IndiaExcluding Systematic

Trxns

HDFC HIF – Short Term Plan 1 month 0.00% 0.00% 0.00% 0.30% 0.30% 0.15% 0.75% PAN IndiaExcluding Systematic

Trxns

HDFC MF MIP – Long Term Plan 12 months 0.75% 0.25% 0.25% 0.40% 0.00% 0.00% 1.65%T – 15

locations

Excluding Systematic

Trxns

HDFC Focused Large Cap Fund 12 months 0.50% 0.50% 0.25% 0.75% 0.00% 0.00% 2.00%T – 15

locations


Trxns

Other equity Schemes * 12 months 0.50% 0.25% 0.00% 0.75% 0.00% 0.00% 1.50%T – 15

locations


Trxns

Clawback period: Normal upfront equal to exit load period and for additional/ special upfront 12 months* Not applicable to ELSS, Index/ Arbitrage FundBrokerage for B-15 locations as per brokerage structure of Apr - Jun '13

HDFC Mutual Fund HDFC Focused Large Cap Fund (April 1, 2013 to June 30, 2013)

The following additional marketing incentive will be paid on mobilizing fresh lump sum/ SIP/ STP during the aforesaid period as per the table listed below:

Nature of Investment Rate $ Remarks Lump sum 0.50% Applicable to collection in T 15 locations SIP/ STP 0.25% Applicable to T 15 & B 15 locations. Min

installment amt Rs 1000/- Min no. of installments: 36 Max no. of installments: 60. Brokerage payable in advance with claw back as applicable

T 15 means Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh B 15 means other than T 15 $ Additional marketing incentive will be paid in the succeeding month. The aforesaid payout is in addition to existing upfront/ trail/ other incentive as applicable (refer brokerage structure for April – June ’13 for details). The incentive is not applicable on switches from equity schemes (except HDFC Index/ Arbitrage Fund), HDFC Income Fund & HDFC MF Monthly Income Plan. Notes:


2. The classification of cities as T 15 and B 15 is as advised by AMFI and is subject to revision, if any




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

Terms & Conditions: 1. In case the investment is redeemed within 12 months from the date of

allotment, the proportionate (i.e. for the remaining period of 12 months) of additional incentive shall be recovered/clawed back/ set off from future payments, at AMC’s sole discretion.

2. In case units are redeemed and repurchased within the offer period, the incentive paid shall be recovered from future payments, at AMC’s sole discretion.

3. Existing SIP and/ or STP (including Flex/ Swing STP) into aforesaid scheme shall not be considered for computation of aforesaid additional marketing incentive



Total payout summary

Lump sum – Year 1 (applicable to T 15 locations only) Base

City Normal Upfront @

Additional Upfront

Trail Year 1 Total Year 1

T 15 0.40% # 0.50% # 0.70% 1.60% B 15 0.40% # 1.25% ## 0.70% 2.35%

@ Addtional target based incentive upto 0.10% applicable along with other equity schemes National

City Normal Upfront

Additional Upfront

Trail Year 1 Total Year 1

T 15 0.50% # 0.50% # 0.75% 1.75% B 15 0.50% # 1.50% ## 0.75% 2.75%

# Proprtionate clawback ## Full clawback SIP/ STP (applicable to T 15 & B 15 locations)

1. Incentive (For SIP): a. Less than 1 year: Nil b. For >= 1 year but <= 5 years

Additional Incentive per SIP application $

For every SIP installment (Rs.)

>= 1 year & < 3 years @

>= 3 years & < 5 years

= 5 years

> = Rs. 1,000 & < Rs. 2,000 Rs. 50 Rs. 125 Rs. 250 > = Rs. 2,000 & < Rs. 3,000 Rs. 100 Rs. 250 Rs. 500

> = Rs. 3,000 0.30% 0.50%

2. For incentive on STP, refer the brokerage structure for Apr – Jun 13

3. Additional incentive (SIP/ STP)

Rate $ Remarks 0.25% Min installment amt Rs 1000/- Min no. of installments: 36 Max no.

of installments: 60. Brokerage payable in advance with claw back

as applicable

Additional payout for B 15 citiesCategory Fund Name Exit Load for lumpsum purchase Brokerage Paid in Advance Trail (1st Year) Trail (2nd Year onward) Brokerage Paid in Advance Trail (1st Year) Trail (2nd Year onward) Additional Brokerage Paid in Advance

Equity & ELSS ICICI Prudential Tax Plan (Trail 4th year onwards) - 0.50% 3 Years Lock In, Nil after 3 years 3.50% 0.00% 0.00% 3.50% 0.00% 0.00% 1.75%

ICICI Prudential Child Care Plan - Gift <=3 years - 1%, >3 years - Nil 0.75% 0.50% 0.50% 0.75% 0.50% 0.50%ICICI Prudential Mid Cap Fund (erstwhile Emerging STAR Fund ), Infrastructure, Focused Bluechip Equity Fund, Target Return Fund, Top 200 <=1 Year - 1%, >1 Year - Nil 0.75% 0.50% 0.50% 0.75% 0.50% 0.50%

ICICI Prudential Balanced <=15 Months - 1%, >15 Months - Nil 1.00% 0.50% 0.50% 0.75% 0.50% 0.50%

ICICI Prudential Dynamic <= 6 months - 3%, >6 months and <= 18 months - 2%, >18 months - Nil 1.00% 0.50% 0.50% 0.75% 0.50% 0.50%

ICICI Prudential Discovery <= 6 months - 3%, >6 months and <= 18 months - 2%, >18 months - Nil 1.00% 0.50% 0.50% 0.75% 0.50% 0.50%

ICICI Prudential US Bluechip Fund<= 3 months - 3%, >3 months and <= 12 months -1%, >12 months - Nil 0.75% 0.50% 0.50% 0.75% 0.50% 0.50% 1.50%

ICICI Prudential Equity - Volatility Advantage Fund <= 6 months - 3%, >6 months and <= 18 months - 2%, >18 months - Nil 1.00% 0.50% 0.50% 0.75% 0.50% 0.50%

ICICI Prudential Top 100<= 6 months - 3%, >6 months and <= 18 months - 2%, >18 months - Nil 1.00% 0.50% 0.50% 0.75% 0.50% 0.50%

ICICI Prudential Banking & Financial Services, FMCG, Technology <=1 Year - 1%, >1 Year - Nil 0.75% 0.50% 0.50% 0.75% 0.50% 0.50%ICICI Prudential Services Industries & ICICI Prudential Indo Asia Retail <=1 Year - 1%, >1 Year - Nil 0.00% 0.50% 0.50% 0.00% 0.50% 0.50%

ICICI Prudential Index Fund-Retail <=7 days - 0.25%, >7 days - Nil 0.00% 0.50% 0.50% 0.00% 0.50% 0.50%

ICICI Prudential Nifty Junior Index Fund <=1 Year - 1%, >1 Year - Nil 0.65% 0.00% 0.55% 0.65% 0.00% 0.55%

Category Fund Name Exit Load for lumpsum purchase Brokerage Paid in Advance Trail (1st Year) Trail (2nd Year onwards) Brokerage Paid in Advance Trail (1st Year) Trail (2nd Year onwards) Brokerage Paid in Advance

Fund of Funds Advisor Series - Aggressive Plan

Advisor Series - Very Aggressive Plan

Advisor Series - Moderate Plan 1.00% 0.00% 0.40% 1.00% 0.00% 0.40%

Advisor Series - Cautious Plan 0.90% 0.00% 0.40% 0.90% 0.00% 0.40%

Advisor Series - Very Cautious Plan Nil 0.00% 0.30% 0.30% 0.00% 0.30% 0.30%


Hybrid ICICI Prudential Monthly Income Plan <=1 year - 1.00%, >1 year - Nil 0.90% Nil 0.40% 0.90% Nil 0.40%

ICICI Prudential MIP 25 <=15 months - 1%, >15 months - Nil 1.75% Nil 0.40% 1.00% Nil 0.50%

ICICI Prudential MIP 5 <=6 Months - 1.00%, >6 Months - Nil 1.00% 1.60% from 07th month onward 0.50% 1.00% 1.60% from 07th month onward 0.50%

ICICI Prudential Child Care Plan - Study<= 3 Yrs - 1%, > 3 yrs but before the beneficiary child attains the age of 18 - Nil 0.75% 0.50% 0.75% 0.75% 0.50% 0.75%


Debt Long Term ICICI Prudential Income Plan Upto 1 year - 1.00%, > 1 year - Nil 1.00% 0.00% 0.50% 1.00% 0.00% 0.50%

ICICI Prudential Regular Savings Fund 1.00% Nil 0.50% 1.00% Nil 0.50%

ICICI Prudential Regular Gold Savings Fund 1.10% Nil 0.40% 1.10% Nil 0.40%

ICICI Prudential Gilt Fund - Treasury Plan 0.40% 0.40% 0.40% 0.40%

ICICI Prudential Gilt Fund - Investment Plan 0.90% 0.45% 0.90% 0.45%

ICICI Prudential Gilt Fund - Treasury Plan - PF Option Upto 6 Months from allotment - 0.50% of applicable NAV, more than 6 Months - Nil

0.40% 0.50%(7th Month onwards)

0.50% 0.40% 0.50%(7th Month onwards)

0.50%

ICICI Prudential Gilt Fund - Investment Plan - PF Option <=1 year - 1.00%, >1 year - Nil 0.15% 0.00% 0.15% 0.15% 0.00% 0.15%

ICICI Prudential Long Term Plan (trail paid in advance) Upto 12 months - 2%, > 12 months - Nil 0.025% 0.00% 0.00% 0.025% 0.00% 0.00%

ICICI Prudential Dynamic Bond FundUpto 6 Month from allotment - 0.50% of applicable NAV, more than 6 Month - Nil 0.50% 0.00% 0.50% 0.50% 0.00% 0.50%

ICICI Prudential Blended Blan BUpto 1 Month from allotment - 0.25% of applicable NAV, more than 1 Month - Nil 0.00% 0.20% 0.10% 0.00% 0.20% 0.10%

Corporate Bond Fund Plan <= 12 months - 3%, > 12 months and <= 24 months - 2%, > 24 months and <= 30 months - 1%> 30 months - Nil

2.00% 0.00% 0.50% 2.00% 0.00% 0.50%


Debt Short Term ICICI Prudential Income Opportunities Fund Upto 1 year - 1.00%, > 1 year - Nil 0.25% 0.00% 0.25% 0.25% 0.00% 0.25%

ICICI Prudential Short Term Plan Upto 3 months - 0.50%, > 3 months - Nil 0.50% Nil 0.50% 0.50% Nil 0.50%

ICICI Prudential Ultra Short Term PlanUpto 1 Month from allotment - 0.25% of applicable NAV, more than 1 Month - Nil 0.10%

0.75% from 02nd month onwards 0.30% 0.10%

0.75% from 02nd month onwards 0.30%


Arbitrage ICICI Prudential Equity - Arbitrage Fund <= 6 months - 0.50%, > 6 months - Nil 0.35% 0.65% (7th month onwards) 0.65% 0.35% 0.65% (7th month onwards) 0.65%

ICICI Prudential Blended Plan A <= 6 months - 0.75%, > 6 months - Nil Nil 0.40% 0.40% Nil 0.40% 0.40%


ICICI Prudential Liquid Plan 0.05% Nil 0.05% Nil

ICICI Prudential Money Market Fund 0.05% 0.05% 0.05% 0.05%

ICICI Prudential Floating Rate Plan0.60% (for application <5cr)

0.30% (for application => 5cr)0.30% (for application <5cr) 0.15%

(for application => 5cr)0.60% (for application <5cr)

0.30% (for application => 5cr)0.30% (for application <5cr) 0.15%

(for application => 5cr)

ICICI Prudential Flexible Income Plan 0.05% 0.05% 0.05% 0.05%

The above structure is applicable from April 1st, 2013 to June 30th, 2013. Any change in the structure during the period will be communicated as and when it takes place.

Nil

Nil

Note

1.80%

ICICI Prudential Mutual Fund - Load and Brokerage Paid in Advance Structure - Applicable from April 1, 2013 to June 30, 2013Across all cities B 15

0.75% 0.50% 0.50%0.50%0.75%

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

Across all cities T 15

Nil Nil

0.50%

<=15 months - 2.00%, >15 Months - Nil

Disclaimer: The Brokerage/Incentive structure mentioned hereinabove is solely payable to AMFI/NISM certified distributors of ICICI Prudential Asset Management Company Ltd. (AMC) and can be changed by the AMC at its sole discretion without any prior intimation or notification. The AMC shall not be responsible for any losses incurred by any one due to change in the Brokerage/Incentive structure. All Distributors should abide by the code of conduct and rules/regulations laid down by SEBI and AMFI. Also, it is specifically mentioned that the Distributors will neither pass on or rebate Brokerage/Incentive 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. Upfront commission shall be paid directly by theinvestor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor. The distributor shall disclose all 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.

Nil

NilNilNil

Nil

Nil

Nil

Nil

1.50%

1.75%

1.75%

Nil

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

For scheme specific risk factors please refer to the respective SIDs or visit www.icicipruamc.com

For all Switches - Brokerage in advance and / or Trail brokerage would be as normal purchase application (excluding switch between plans / options)

Brokerage paid in advance is paid in advance for the entire stated period. All brokerage excluding trail brokerage and B 15 brokerage, is subject to proportionate claw back incase of outflows (Redemption, Switch (including between plans / options), Systematic withdrawal plan) with in the stated period from the date of investments. Stated period for All Equity, Balanced fund, MIP, Debt funds with upfront payouts, ReguGold Savings fund & FOF excluding very cautious plan is 1 year, MIP5 & Short Term plan is 6 months, MIP 25 & Regular savings fund is 15 months, Corporate bond fund is 30 months, Ultra Short Term Plan is 1 month.

“B – 15” cities are cities other than Mumbai (including Thane & Navi Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad (including Secundrabad), Baroda, Panajim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh collectively referred to as “T – 15” cities. NRI business shall also considered as T 15 business

The additional payout paid for B-15 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.

As discussed please find the changes in pricing as below and the same is effective from 7th May 2013. Change in Pricing for ICICI Prudential Discovery ,ICICI Prudential Focused Blue-chip Equity Fund,ICICI Prudential Dynamic and Balanced Fund. Change in Pricing for ICICI Volatility Advantage Fund and ICICI Prudential Top 100 Fund.

ARN-63644Future Capital Holdings Ltd

Type of

BrokerageSlab Kotak 50

Kotak

Opportunit

ies

Kotak

Select

Focus

Kotak

Classic

Equity

Kotak

Balance

Kotak

Emerging

Equity

Kotak Mid-

Cap

Kotak

Global

Emerging

Fund

Kotak

Arbitrage

Fund

Kotak Tax

Saver Fund

Kotak

Monthly

Income

Plan

Kotak

Multi Asset

Allocation

Fund

Upfront

T15 0.75 0.75 0.75 0.75 0.75 0.75 0.75 0.75 0.20 5.00 1.00 1.00

Additional

Upfront for

April-June,

13 0.25 0.25 0.25 0.50 0.50 0.50 0.25 NIL NIL NIL 0.50 0.50Trail 1st

year 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 NIL NIL NIL NILTrail 2nd

year /3rd

year 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.50 0.20 NIL 0.50 0.50Trail 4th

year

onwards 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.50 0.20 0.60 0.50 0.50Special

incentive

for B15 1.75 1.75 1.75 1.75 1.75 1.75 1.75 0.75 NIL 0.50 1.50 1.50Upfront

T15 NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NILTrail 1st

year 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.75 0.25 1.50 1.00 1.00Trail 2nd

year /3rd

year 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.50 0.25 0.60 0.50 0.50Trail 4th

year

onwards 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.50 0.25 0.60 0.50 0.50

Brokerage Structure for the Period

April-June, 2013

<=10 crs

>10 crs

Type of

BrokerageSlab

Kotak

Income

Opportunit

ies Fund

Kotak

Bond Fund

Kotak

Bond Short

Term Fund

Kotak Gilt

Investment

s Fund

Kotak Gold

FundSlab

Kotak Flexi

Debt Fund

Upfront

T15 0.75 0.75 0.60 NIL 0.75 NILTrail 1st

year 0.50 0.50 NIL 0.50 NIL 0.60Trail 2nd

year /3rd

year 0.50 0.50 0.50 0.50 0.50 0.60Trail 4th

year

onwards 0.50 0.50 0.50 0.50 0.50 0.60Special

incentive

for B15 0.25 0.25 NIL NIL NIL NIL

Upfront

T15 NIL NIL NIL NIL NIL NILTrail 1st

year 1.25 1.00 0.60 0.50 1.00 0.10Trail 2nd

year /3rd

year 0.50 0.50 0.50 0.50 0.50 0.10Trail 4th

year

onwards 0.50 0.50 0.50 0.50 0.50 0.10

Type of

Brokerage Slab

Kotak

Equity FOF

Kotak Gilt

Savings

Fund

Kotak

Floater

Long Term

Fund

Kotak

Liquid

Fund

Kotak

Floater

Short Term

Upfront

T15 0.25 NIL NIL NIL NILTrail 1st

year/2nd

year/3rd

year

Refer

Notes [II]

(1) 0.15 0.05 0.03 0.03

Trail 4th

year

onwards

Refer

Notes [II]

(1) 0.15 0.05 0.03 0.03Special

incentive

for B15 NIL NIL NIL NIL NIL

Upfront T15

Trail 1st year

Trail 2nd year /3rd year

>10 crs >5 crs

Trail 4th year onwards

Any Amount

<=5 crs<=10 crs

Type of Brokerage

Upfront T15

Trail 1st year

Trail 2nd year /3rd year

Special incentive for

B15

Trail 4th year onwards

(7) Exit load for Kotak Gold Fund - 2% if exit within 6mths, 1% after 6mths and before 1yr, NIL if exit after 1 year from date of allotment

[V] TAXES & LEVIES :(1) The brokerage/ trail fees computed and paid to you as per the above structure is inclusive of all applicable taxes and levies, including service tax. W.e.f. 01.07.2012, the

services provided by a mutual fund agent or a distributor, to a mutual fund or asset management company is exempt from service tax vide Notification no 25 dated June 20,

2012.

TERMS AND CONDITIONS :

[I] CLAWBACK :

(1) T15 cities Brokerage, will be with applicable proportionate clawback and B15 cities Brokerage (ie special incentive) will be with full Clawback except Kotak Tax Saver

scheme where no clawback will be applicable

(2) In Bond Fund - exit load will be for 6 months with proportionate clawback till 12 months

(3) In Bond Short Term Scheme - exit load will be of 3 months with proportionate clawback till 6 months

[II] BROKERAGE :

(1) For Kotak Equity FOF (Trail) : Subject to your empanelment with the underlying schemes, you will receive the brokerage from them at a rate, contracted between you and

the underlying scheme. Kotak Mutual Fund is not liable for the brokerage rate contracted between you and the underlying schemes, nor will the Fund be liable for non or

delayed payment of the brokerage from the underlying schemes.

(2) Exit load for Kotak Equity Arbitrage - 0.50% if exit before 90 days from date of allotment. NIL if exit after 90 days from date of allotment.

(3) Exit Load is NIL for Kotak Tax Saver Scheme, Kotak Liquid Plan A, Floater Short Term, Floater Long Term, Flexi Debt Plan A, Gilt Investment and Gilt Savings schemes

(4) Exit load for Bond Short Term - 0.50% if exit before 90 days from the date of allotment. NIL if exit after 90 days from date of allotment.

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

[III] BROKERAGE ON SWITCHES :

(1) Intra Scheme Switches - Switch from equity to equity OR debt to debt OR equity to debt OR debt to equity will be eligible for brokerage (upfront/trail) as per the

distributor's applicable brokerage in the scheme to which the switch has happened.

(5) 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.

(6) Special Incentive B15 is over and above upfront brokerage of T15

(7) Additional Upfront paid for Equity Schemes is for the period April 2013 to June 2013

(5) Exit load for Kotak Income Opportunities Fund - 2% if exit <=1yr, NIL if exit after 1 year from date of allotment

(6) Exit load for Kotak Bond Plan A - 1% if exit before 180 days from date of allotment. NIL if exit after 180 days from date of allotment.

(2) Switch from Equity schemes, Multi Asset Allocation and MIP to Kotak Gold Fund will be eligible for trail brokerage as per the distributor's applicable trail brokerage in

Kotak Gold Fund

(3) For scheme option change : Only trail brokerage payable. For eg: change of option from dividend payout to dividend re-investment or growth to dividend

[IV] LOAD STRUCTURE :

The load structures may change at the discretion of AMC / Trustee. The term "Within / After" in the Exit Load column is with reference to the date of allotment of units/

commencement of SIP/STP Please refer to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer Document(s).

(1) Exit load for all Equity schemes including SIP transactions (except Kotak Equity Arbitrage and Kotak Tax Saver Scheme), Kotak Monthly Income Plan, Kotak Multi Asset

Allocation Fund is 1% if exit before 1year from date of allotment, Nil if exit after 1 year from date of allotment

(2) Distributors are requested to adhere to the terms and conditions set forth by the SEBI Code of conduct for MF intermediaries wrt commission disclosures

(4) All Upfront Brokerages will be calculated for every calendar month and will be paid out in the following month.

SIP Brokerage structure for 1st April 2013 To 30th June 2013

Scheme Name Type of Brokerage Brokerage Rate (%)

Upfront T15( <=Rs 5000/ >1 year uptill 5 year Tenure) 0.50

Upfronting 0.30

Trail 1st year 0.50

Trail 2nd Year / 3rd Year 0.50

Trail from 4th yr onwards 0.50

Special incentive for B15 1.25

>Rs.5000 / > 5 year Tenure SIP Upfront 0.80

Trail 1st year 0.50

Trail from 2nd year /3rd year 0.50


All Equity Schemes

(Except Kotak

Arbitrage Fund &

Kotak Equity FOF)


Only fresh SIPs in the Equity Schemes except Kotak Arbitrage and Kotak Equity FOF will be eligible.

[II] BROKERAGE :

(1) For <= 1 year SIP Tenure only applicable Upfront brokerage will be paid

(2) For B15 locations, the Special Incentive B15 is in addition to the T15 upfront brokerage

(3) The payout of “Existing SIP Structure” will be done after a gap of 30 days on a monthly basis. For example, SIP incentive calculation for the month of Jan, 2013

will be done in March, 2013 and paid along with Feb, 2013 brokerage in March, 2013


Terms and Conditions:

[I] CLAWBACK :

(1) Any upfronting paid is subject to proportionate clawback if the SIP is Ceased / Stopped / Closed before its Maturity Date

(2) B15 cities Brokerage (ie special incentive) will be with full Clawback except Kotak Tax Saver scheme where no clawback will be applicable

(1) The load structures may change at the discretion of AMC / Trustee. The term "Within / After" in the Exit Load column is with reference to the date of allotment

of units/ commencement of SIP/STP Please refer to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer Document(s).

(2) Exit load for all Equity schemes including SIP transactions (except Kotak Equity Arbitrage and Kotak Tax Saver Scheme) is 1% if exit before 1year from date of

allotment, Nil if exit after 1 year from date of allotment

[V] TAXES & LEVIES :

The brokerage/ trail fees computed and paid to you as per the above structure is inclusive of all applicable taxes and levies, including service tax. W.e.f.

01.07.2012, the services provided by a mutual fund agent or a distributor, to a mutual fund or asset management company is exempt from service tax vide

Notification no 25 dated June 20, 2012

Only fresh SIPs in the Equity Schemes except Kotak Arbitrage and Kotak Equity FOF will be eligible.


SIP Brokerage Structure for 1st April 2013 To 30th June 2013- Q1

Scheme Name Type of Brokerage

Brokerage

Rate (%)

Upfront T15 NIL

Upfronting ( <=Rs 5000 and >= 36months till 60 months) 0.20

Trail 1st year 0.40

Trail 2nd Year / 3rd Year 0.40


Special incentive for B15 NIL

>Rs.5000 / < 36 months / > 60months SIP Upfront 0.20

Trail 1st year 0.40

Trail from 2nd year /3rd year 0.40


Kotak Gold

Fund


Only fresh SIPs in the Gold Fund will be eligible.


(1) The load structures may change at the discretion of AMC / Trustee. The term "Within / After" in the Exit Load column is with reference to the date of allotment of

(1) Special Incentive B15 is over and above upfront brokerage of T15

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

(3) The payout of “Existing SIP Structure” will be done after a gap of 30 days on a monthly basis. For example, SIP incentive calculation for the month of Jan, 2013 will

be done in March, 2013 and paid along with Feb, 2013 brokerage in March, 2013



[I] CLAWBACK :

(1) B15 cities Brokerage (ie special incentive) will be with full Clawback

[II] BROKERAGE :

(2) Exit load for all Equity schemes including SIP transactions (except Kotak Equity Arbitrage and Kotak Tax Saver Scheme), Kotak Monthly Income Plan, Kotak Multi

Asset Allocation Fund is 1% if exit before 1year from date of allotment, Nil if exit after 1 year from date of allotment

[V] TAXES & LEVIES :

The brokerage/ trail fees computed and paid to you as per the above structure is inclusive of all applicable taxes and levies, including service tax. W.e.f. 01.07.2012,

the services provided by a mutual fund agent or a distributor, to a mutual fund or asset management company is exempt from service tax vide Notification no 25 dated

June 20, 2012

(1) The load structures may change at the discretion of AMC / Trustee. The term "Within / After" in the Exit Load column is with reference to the date of allotment of

units/ commencement of SIP/STP Please refer to the latest applicable load structure in the Offer Document(s) / Addenda to the Offer Document(s).

Brok_April-June 2013

Trail Fee - Annualised Trail Fee - Annualised

First Year Second Year onwards

Mirae Asset India Opportunities Fund

Mirae Asset Emerging Bluechip Fund

Mirae Asset India-China Consumption Fund

Mirae Asset Global Commodity Stocks Fund

Mirae Asset China Advantage Fund

Mirae Asset Cash Management Fund Regular Plan Nil 0.15% 0.15%

Mirae Asset Short term Bond Fund Regular Plan Nil 0.30% 0.30%

Mirae Asset Ultra Short term Bond Fund Institutional Plan 0.10%

Mirae Asset Liquid Fund Institutional Plan Nil 0.05% 0.05%

* includes Systematic Investment Plan / Systematic Transfer Plan / Systematic Withdrawal Plan, wherever applicable.

# not applicable on switches made between Direct Plan to any other Plan within the same scheme or asset class

o Switch from Regular/Institutional Plan to Direct Plan and Vice versa shall be subject to exit load, if any.

Mutual Fund investmnets are subject to market risks, read all scheme related documents carefully.

Brokerage Structure for Schemes of Mirae Asset Mutual Fund

0.60%

Upfront Fee #Category Scheme Plan *

Equity

Period : 01-April-2013 to 30-June-2013

(For Load Structure please refer to the latest SID/SAI on our website www.miraeassetmf.co.in)


76 days and above :0.60%

0 - 75 days : Nil

Regular Plan 0.75% 0.50%

Fixed Income

o For switches within equity schemes only Trail is payable.

o The AMC shall not be responsible for any losses incurred by anyone due to change in the commission/marketing fee/scheme load structure at any given point of time.

o The distributor shall disclose all 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.

o In case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e. for the remaining period of exit load period) of upfront (including addtional upfront/ incentive, if

any) paid shall be recovered/clawed back/ set off from the future brokerage payments, at AMC’s sole discretion.

o Annualized brokerage including Trail Commission will be computed on monthly average AUM and paid monthly.

o All brokerages/incentives are Gross and inclusive of all statutory levies including service tax and education cess (as amended from time to time). Net amount after deducting the statutory levies will

be paid to the distributor.

o The AMC reserves the right to change the brokerage structure at any time, without prior notice. The above commission structure supersedes all the previous commission structure(s) which were

communicated prior to this date for this period if any.

o Please refer to the latest applicable load structure and Scheme Information Document(s) of respective schemes, in addition to the Statement of Additional Information available on our website

www.miraeassetmf.co.in

o The above commission/incentive structure is valid for investments (Rs 200000/- or more) made prior to and available for utilization in respective schemes before 3pm cut off on last business day of

the month/quarter/Financial Year, failing which the incentives/commission payouts will be computed / paid as per the immediately following month/quarter/Financial Year, which may or may not be

similar to the current structure.

SIP / STP Applications

Base Upfront Special Upfront Upfront Year 1 Year 2 onwards

Morgan Stanley Growth Fund / Morgan Stanley A.C.E. Fund

Any Amount 1.00% 1.00% 0.75%

Nil on Lumpsum &

0.50% on SIP/STP

0.60%

Morgan Stanley Multi Asset Fund (Plan A & Plan B)

Any Amount 0.50% 0.75% 0.75% 0.50% 0.60%

Morgan Stanley Liquid Fund Any Amount - - - 0.05% 0.05%

Morgan Stanley Gilt Fund Any Amount - - - 0.75% 0.50%

Upto & including Rs.3 crs 0.40% - 0.40% 0.50%^ 0.40%

Above Rs. 3 crs - - - 0.65% 0.40%

Upto & including Rs. 3 crs 0.50% 0.50% 0.75% 0.75% 0.75%

Above Rs. 3 crs - - - 1.75% 0.75%1 Please refer to the Notes for complete list of Top-15 Cities

^ From 7th month onwards on Lumpsum aplications & on SIP applications

SIP / STP Applications

Base Upfront Special Upfront Base Upfront Year 1 Year 2 onwards

Upto & including Rs. 10 lacs 0.50% 1.25% 0.75% 1.00% 0.60%

Above Rs.10 lacs 0.50% 0.75% 0.75% 1.50% 0.60%

Morgan Stanley Liquid Fund - - - - 0.05% 0.05%

Morgan Stanley Gilt Fund - - - - 0.75% 0.50%

Upto & including Rs.3 crs 0.40% - 0.40% 0.50%^ 0.40%

Above Rs. 3 crs - - - 0.65% 0.40%

Upto & including Rs.3 crs 0.50% 0.50% 0.75% 0.75%^ 0.75%

Above Rs. 3 crs - - - 1.75% 0.75%2 All Cities outside the Top-15 Cities as listed in the Notes

^ From 7th month onwards on Lumpsum aplications & on SIP applications

* Please go through the Notes, Terms & Conditions and Illustrations carefully.

1.00% for holding period < or = 6 months

III. Upfront and Trail Commission (For B-15 Cities2)

Scheme Entry Load

Morgan Stanley Active Bond Fund (Regular Plan)

NA

1% for holding period < or = 1 year

Morgan Stanley Short Term Bond Fund (Regular Plan)

NA0.50% for holding period

< or = 3 months

Morgan Stanley Growth Fund / Morgan Stanley A.C.E. Fund / Morgan Stanley Multi Asset Fund (Plan A & Plan B)

Exit Load

NA

Application AmountLumpsum Applications

Trail Commission (Annualised)

NA1% for holding period <

or = 1 year

NA Nil

Commission & Load StructurePeriod: From April 01, 2013 Onwards

I. Upfront and Trail Commission (For Top-15 Cities1)

Scheme & Plan Application Amount

Trail Commission (Annualised)

Entry Load Exit LoadLumpsum Applications

NA Nil

Morgan Stanley Active Bond Fund (Regular Plan)


< or = 6 months

Morgan Stanley Short Term Bond Fund (Regular Plan)


< or = 3 months

Notes:1. Currently the Top-15 cities as per AMFI circular no. 35P/MEM-COR/ 10/12-13 dated September 28, 2012 are Mumbai (includes Thane and Navi Mumbai), New Delhi (includes NCR Region), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh. This list is subject to change / updation as per notification received from AMFI from time to time.2. Upfront and Trail commissions stated above are inclusive of any other tax, cost charges & expenses incurred by you. Therefore, Service tax & Education cess thereon will be deducted at source if any.3. The AMC shall not be responsible for any losses incurred by anyone due to change in the commission structure.4. You are advised to abide by the code of conduct and rules/regulations laid down by SEBI and AMFI.5. Please refrain from offering commission to your sub-brokers, if any, at a rate higher than the commission as aforementioned. The AMC reserves the right to suspend the commission payable to you, if it is brought to our notice that higher commission is offered to sub-brokers.6. The upfront commission and trail commission is payable monthly (subject to minimum commission of Rs. 100/-).7. In case of switches only the Base Upfront and trail commission of the target Scheme (switch-in Scheme) is payable. No special / additional upfront / marketing fee etc. is payable on the same. Switch outs from MS Liquid/GiltFund will be eligible for all (base/special/additional/trail) commission . In case of a target Scheme (switch-in Scheme) where there is no Base Upfront offered, then only trail fee is payable8. In case of switches or STP from any Scheme except Morgan Stanley Liquid/Gilt Fund into any other scheme, exit load may be applicable. Please refer to "Applicability of Exit Load and Holding period calculation in case of Switches for all Schemes of MSMF" in Scheme Information Document(s).9. Upfront commission on SIP/STP products is based on the current expense ratio limits prescribed by SEBI. In case of any future downward revision to the expense limits by SEBI, the upfront commission payable on future installments, if any, will be adjusted to the extent of revision to the highest slab.

Terms & Conditions: 1.a. In case the investment is redeemed / switched out / STP within the exit load period where applicable, any upfront payment (including base/special/additional upfront/incentive/marketing fee) on the said investment will be subject to a proportionate (i.e. for the remaining duration of the exit load period) claw back/recovery. This amount will be clawed back / recovered / set off against future brokerage payments or by way of a direct payment from the distributor at the AMC's sole discretion. b. In case of Active Bond Fund the claw back / recovery period shall be deemed to be one year from the date of allotment for any upfront payment as described in 1.a. above. c. In case of Short Term Bond Fund the claw back / recovery period shall be deemed to be six months from the date of allotment for any upfront payment as described in 1.a. above2. The commission structure mentioned above is applicable for all new subscriptions and SIPs/STPs registered and time-stamped from April 01, 2013 onwards.3. This commission structure will not be applicable for "Change of Broker Code" or SIP/STP re-registered cases.4. The payout of the additional upfront commission for SIP/STP applications registered in April 2013 will be paid in June 2013 & application registered in May 2013 will be paid in July 2013 and so on.5. In case of multiple applications by same investor in same scheme, only one application will be considered for per application commission calculations. The commission structure would not be applicable for splitting of application cases. Multiple SIPs from the same investor on same SIP date will be treated as a single SIP even if they are received on different days during the Offer period. However, different SIP dates from the same investor will be treated as separate SIPs. 6. The total commission paid will be deducted from future commission / brokerage on Pro-rata basis in case of any payment default / termination / discontinuation / cancellation of SIP/STP due to any reason.7. In case of pre closure of SIP/STP for any reason, AMC will recover a proportionate commission paid for the period between pre-closure & termination (SIP/STP End) dates as per the original registration. The proportion of commission payable in such cases would be as per the given slab rate applicable for the live tenure of SIP.8. The minimum SIP period to qualify for additional upfront commission for new SIP/STP Applications in MSGF or MSACE is 12 months. A maximum of 60 months and per-SIP amount of Rs. 10,000 has been capped for this commission payout for SIPs. For STPs, the amount transferred upto 12 months subject to a maximum of Rs. 36 lacs will be considered.9. STP from Morgan Stanley Liquid/Gilt/Short-Term Bond Fund/Active Bond Fund to Morgan Stanley Growth Fund or Morgan Stanley A.C.E. Fund only will be considered for additional upfront commission on SIP/STP. Please refer to "Applicability of Exit Load and Holding period calculation in case of Switches for all Schemes of MSMF" in Scheme Information Document(s).10. Post registration, non-credit of 3 (three) consecutive SIP and 1 (one) STP installments at any point of time during the registered period would mean pre-closure/termination of the concerned IP/STP.11. Any Top-up for STP will not be considered during or after the Scheme Offer Period.12. AMC reserves the right to withdraw/modify/suspend this commission structure at any point of time.13. Taxes as applicable would be deducted from the commission payable.14. In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR NAO 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 strict compliance of the same.15. The objective of the above structure is to reward genuine investments canvassed by distributors. Any misuse of the commission/reward structure should be discouraged and commission of such distributors found involved in any malpractice may be withheld.

Brokerage Structure ‐ Apr‐June 2013FUTURE CAPITAL

Category Scheme NameClaw Back Period for

a,b,c

Distribution Incentive (a)

1st Yr. Trail (p.a)

2nd Yr. Onwards Trail (p.a)

Distribution Incentive (b)

Annual Retention

Incentive (c)

1st Yr. Trail (p.a)


Reliance Top 200 FundReliance Regular Saving Fund - BalancedRegular Savings Fund - Debt 1.25% NIL 0.65% 1.25% NIL NIL 0.65%


a,b,c

Distribution Incentive (a) 1st Yr. Trail (p.a) 2nd Yr. Onwards Trail

(p.a)Distribution Incentive (b)

Annual Retention Incentive (c)

1st Yr. Trail (p.a)

2nd Yr. Onwards Trail

(p.a)

Equity

Reliance NRI Equity Fund, Equity Fund, Vision Fund, QuanPlus, Long Term Equity, Reliance Infrastructure Fund, Natural Resources Fund, Reliance Banking Fund, Diversified Power, Media & Entertainment, Pharma Fund, Reliance Small Cap Fund, Reliance Growth Fund, RelianceEquity Opportunities Fund or RRSF - Equity

1 yr 0.85% 0.50% 0.50% 0.85% 1.50% 0.50% 0.50%


a,b,c


Trail First 3 Years

4th Yr. Onwards Trail (p.a)



Trail First 3 Years

4th Yr. Onwards Trail

(p.a)Tax Saver Reliance Tax Saver (ELSS) Fund 3 yr lockin 4.50% NIL 0.50% 3.50% 2.00% NIL 0.50%


a,b,c




1st Yr. Trail (p.a)


(p.a)Index Fund - Sensex Plan & Nifty Plan NIL 0.60% 0.50% NIL NIL 0.60% 0.50%Arbitrage Fund NIL 0.25% 0.25% NIL NIL 0.25% 0.25%


a,b,c




1st Yr. Trail (p.a)


(p.a)FOF Reliance Gold Saving Fund 1 yr 0.70% NIL 0.35% 0.70% 0.10% NIL 0.35%


a,b,c




1st Yr. Trail (p.a)


(p.a)Hybrid Reliance Monthly Income Plan 1 yr 1.15% NIL 0.65% 1.15% 2.00% NIL 0.65%

Income Fund 1 yr 1.25% NIL 0.40% 1.25% NIL NIL 0.40%Reliance Gilt Securities Fund No Claw back NIL 1.00% 1.00% NIL NIL 1.00% 1.00%Short Term Fund 1 yr 0.80% NIL 0.30% 0.80% NIL NIL 0.30%Reliance Dynamic Bond Fund 1 yr 1.25% NIL 0.40% 1.25% NIL NIL 0.40%

Scheme NameClaw Back Period for

a,b,c


Trail 4th Month Onwards(p.a.)




Trail 4th Month Onwards(p.a.)


(p.a)Floating Rate Fund - Short Term Plan 3 months 0.15% 0.30% 0.20% 0.15% NIL 0.30% 0.20%

Focused Schemes T-15 B-15

Focused Schemes 1 yr 2.00% NIL 0.85% 2.00% 2.00% NIL 0.85%

T-15 B-15

T-15 B-15

Debt

T-15 B-15

Equity No Claw back


a,b,c


(p.a)Distribution Incentive (b) 1st Yr. Trail (p.a)


(p.a)Money Manager Fund < 5 Crs NIL 0.35% 0.25% NIL 0.35% 0.25%Money Manager Fund >= 5 Crs NIL 0.20% 0.10% NIL 0.20% 0.10%Medium Term NIL 0.15% 0.10% NIL 0.15% 0.10%Liquidity Fund NIL 0.05% 0.05% NIL 0.05% 0.05%Liquid Fund - Cash Plan NIL 0.75% 0.75% NIL 0.75% 0.75%Liquid Fund - Treasury Plan NIL 0.05% 0.05% NIL 0.05% 0.05%

Terms & Conditions:1. The above structure is valid only for the period 01st Apr, 2013 to 30th Jun, 2013

4. Please read the latest SID and addendums thereto carefully confirm the scheme‐details5. Brokerage For Close‐ended schemes will be as communicated by the AMC separately6. For SIP and SIP+Insure applications respective scheme commission structure will be applicable.

12. There will be no additional tie‐up in any of the above mentioned schemes during the Quarter.13. AMC reserves the right to make prospective changes to the structure including trail on existing assets. In the event of unavoidable reduction in expenses due to regulatory / other reasons, the perpetual trail may undergo change

T-15 B-15

Ultra Short Term

No Clawback

Liquid Funds

2. T‐15 refers to Top 15 Cities provided by AMFI & B‐15 referes to all the cities beyond the Top 15 cities. The list of Top 15 cities are as follows:Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai), New Delhi(including NCR), Panjim, Pune and Surat. The NRI Investments will be considered as T‐15 investments for the purpose of Brokerage payment3. In case the investment is redeemed within the Claw back period, as applicable in the respective schemei) The Distribution Incentive (a, b) will be proportionately recovered / clawed back from the future Brokerage payments of the Distributorii) The Annual Retention Incentive(c) will be completely recovered / clawed back from the future Brokerage payments of the Distributor

7. Direct Plan (Lumpsum & SIP Investments):i) For Investments and Switches in Direct Plan w.e.f 01st Jan, 2013, no Brokerage(Distribution Incentive, Additional Distribution Incentive, PRP Incentive, Annual Retention Incentive and Trail) would be paid. ii) Switches from Existing Plans into Direct Plan will be subject to proportionate or complete clawback as per the clawback period.

8. Brokerage payment for Switch trxns of Floating Rate Fund ‐ Short Term Plani) No Distribution Incentive / Additional Distribution Incentive would be applicable for Switches from Floating Rate Fund ‐ Short Term Plan processed within Claw back period i.e within 3 months9. No Annual Retention Incentive would be applicable for switches from any scheme even the switches processed after 1 year except switches from Liquid and Ultra Short Term Category to Equity, Gold FOF, Debt & Hybrid Categories and vice versa.10. For switches between the below Scheme / Scheme Categories, the below structure would be applicable a) No Distribution Incentive / Additional Distribution Incentive would be applicable for Switches done within asset class i.e from Equity to Equity or Debt to Debt except schemes mentioned in point no 8 within a period of 1 year. For Switches over a period of 1 year, the relevant structure ( excluding Annual Retention Incentive ) would be applicable. b) Distribution Incentive / Additional Distribution Incentive ( excluding Annual Retention Incentive ) would be applicable for Switches from Equity to Gold FOF, Debt except schemes mentioned in point no 8 & Hybrid Categories even if they are processed within 1 year.c) Distribution Incentive / Additional Distribution Incentive ( excluding Annual Retention Incentive ) would be applicable for Switches from Debt to Equity, Gold FOF, Debt except schemes mentioned in point no 8 & Hybrid Categories even if they are processed within 1 year.d) Distribution Incentive / Additional Distribution Incentive ( excluding Annual Retention Incentive ) would be applicable for Switches from Gold FOF to Equity, Gold FOF, Debt except schemes mentioned in point no 8 & Hybrid Categories even if they are processed within 1 year.e) Distribution Incentive / Additional Distribution Incentive ( excluding Annual Retention Incentive ) would be applicable for Switches from Hybrid to Equity, Gold FOF, Debt except schemes mentioned in point no 8 & Hybrid Categories even if they are processed within 1 year.f) Distribution Incentive / Additional Distribution Incentive would be applicable for Switches from Liquid and Ultra Short Term Category to Equity, Gold FOF, Debt & Hybrid Categories and vice versa.g) Distribution Incentive / Additional Distribution Incentive would be applicable for Switches from any scheme into Reliance Tax Saver Fund11. The brokerage will be paid on the basis of the Pincode of the Investor for investments

14 .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 commissionor any other mode) payable to them for the different competing scheme of various mutual fund from amongst which the scheme is being recommended to the investors. Please ensure compliance

Revised Brokerage Structure ‐ Apr‐June 2013


a,b,c




1st Yr. Trail (p.a)


(p.a)

Equity

Reliance NRI Equity Fund, Equity Fund, Vision Fund, QuanPlus, Long Term Equity, Reliance Infrastructure Fund, Natural Resources Fund, Reliance Banking Fund, Diversified Power, Media & Entertainment, Pharma Fund, Reliance Small Cap Fund, Reliance Growth Fund, RelianceEquity Opportunities Fund or RRSF - Equity

1 yr 0.90% 0.50% 0.50% 0.90% 1.50% 0.50% 0.50%

Terms & Conditions:1. The above structure is valid only for the period 01st Apr, 2013 to 30th Jun, 20132. The above structure will supercede any other structure offered earlier

T-15 B-15

SIP Incentive StructureApr to Jun’13 Goal Achievement Plan – (All Equity Schemes, MIP & RRSF-Debt)

SIP Amount Per App Incentive

Advance Brokerage* (including Distribution Incentive, Additional Distribution Incentive)

1000 to < 2000

2000 to < 3000

3000 to < 5000

5000 to < 10,000

10,000 Plus SIP Tenure

1 Yr to < 2 Yrs

NIL NIL

Advance Brokerage for 6 Installments

NIL 2 Yrs to < 3 Yrs

Advance Brokerage for 12 Installments

3 yrs and Above Advance Brokerage for 24 Installments

SIP Amount Distribution Incentive (including Additional distribution

Incentive as per the prevailing rate) Trail p.a.(FYT & LTT) 1000 to <3000 3000 to <10000 10000 & above

SIP Tenure

1 Yr to < 2 Yrs Regular

Distribution Incentive (as applicable to Lumpsum)

7th Installment onwards Regular Distribution

Incentive (as applicable to Lumpsum)

0.50% 2 Yrs to < 3 Yrs

13th Installment onwards

3 yrs and Above 25th Installment onwards

* For RRSF – Balanced, Reliance Top 200 & RRSF Debt, the structure offered for focused would be applicable. * E.g. For an Rs.2000 SIP for 5 Yrs - Partners would get 2000*24*0.75% = Rs.360 as upfront incentive.

Gold Accumulation Plan (Reliance Gold Savings Fund SIPs Per-Application Incentive)

T-15 B-15

SIP Amount/ 1000 to < 2000

2000 to < 3000

3000 to < 5000

5000 to <

10,000 10,000 Plus

Trail FYT &

LTT p.a 1000 to < 2000

2000 to < 3000

3000 to < 5000

5000 to <

10,000 10,000 Plus

Trail FYT &

LTT p.a SIP Tenure

3 Yrs to < 5 yrs 150 250 400 550 850

0.60%

250 350 500 650 950

0.60% 5 Yrs to < 10 Yrs 200 350 550 800 1,450 300 450 650 900 1550

10 Yrs & above/Perpetual 225 450 700 1,000 1,750 325 550 800 1100 1850

SIP Insure Incentive

SIP

Insu

re

with

Min

imum

R

s 10

00 a

nd

3yrs

& a

bove

SIP Insure Per Application Incentive (Rs) based on Installment Amount Slabs

SIP Insure Per Application Incentive (Rs) based on Installment Amount Slabs

0.15% 0.15%


1. The above structure is valid only for the period 01st Apr, 2013 to 30th June, 2013 2. 2. T-15 refers to Top 15 Cities provided by AMFI & B-15 refers to all the cities beyond the Top 15 cities. The list of Top

15 cities are as follows: Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai), New Delhi(including NCR), Panjim, Pune and Surat

3. In case the investment is redeemed within the exit load or pre-requisite period, as applicable in the respective scheme i) The Distribution Incentive / Additional Distribution Incentive (a,b,c) will be proportionately recovered / clawed back from the future Brokerage payments of the Distributor ii) The Annual Retention Incentive (d) will be completely recovered / clawed back from the future Brokerage payments of the Distributor

4. The minimum installment amount for these SIPs investments should not be less than Rs.1000 per month .The minimum tenure for eligibility for Per Application Incentive for Gold Savings Fund SIPs it would be 36 months.

5. Distributor’s personal investments will not be considered for this Incentive. The payment of incentives will be done as below:

a. No Per Application Incentive would be paid for Equity Schemes b. Distribution Incentive, Additional Distribution Incentive and Annual Retention Incentive for SIPs

i. where monthly installment amount is less than Rs.1000 ii. where monthly installment amount is 1000 & above but less than 3000 and the tenure is less than 3

years, Will be paid on a monthly basis along with regular brokerage for the tenure of the SIP

c. For SIPs where the monthly amount is less than Rs 10000, it will be paid as follows i. For SIP Tenure of 1 year to 2 years, Distribution Incentive, Additional Distribution Incentive would be

advanced up to 6 months. In case the investment is redeemed within the Claw back period, the brokerage will be recovered as per point 3

ii. For SIP Tenure of 2 years to 3 years, Distribution Incentive, Additional Distribution Incentive would be advanced up to 12 months. In case the investment is redeemed with the Claw back period, the brokerage will be recovered as per point 3

iii. For SIP Tenure of 3 years and above, Distribution Incentive, Additional Distribution Incentive would be advanced up to 24 months. In case the investment is redeemed with the Claw back period, the brokerage will be recovered as per point 3

iv. Annual Retention Incentive will be paid on a monthly basis along with regular brokerage for the tenure of the SIP

d. Distribution Incentive, Additional Distribution Incentive and Annual Retention Incentive for SIPs where monthly amount is greater or equal to Rs.10000 will be paid on a monthly basis along with regular brokerage for the tenure of the SIP

6. For Reliance Gold Savings Fund SIPs, no distribution incentive is payable, only per application incentive and trail brokerage will be paid.

7. Multiple Applications in the same scheme will be clubbed for the purpose of incentive calculation 8. In the event of the SIP being discontinued prior to committed tenure, the payment of incentive on such investments will

be proportionately reversed and will be recovered from the distributor’s future brokerage payments. 9. The transactions during this period will be subject to terms and conditions as mentioned in the scheme information

documents and addendums, if any published from time to time of the respective schemes and shall be binding on all participants.

10. The rules and regulations of SEBI / AMFI pertaining to brokerage payment to distributors will also be applicable for payment of this incentive. The distributors shall adhere to SEBI circular dated June 26, 2002 on Code of Conduct and all applicable SEBI

11. Regulations and ensure that no rebate is given to investors in any form. 12. 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. Please ensure compliance.

13. Mutual Funds Investments are subject to market risks. Please read the scheme documents carefully. 14. The decision of Reliance Capital Asset Management Ltd. in all matters pertaining to the incentive will be final and

binding in all respects on all partners.

Only for Beyond-15 cities

Category Scheme NameExit load

DistributionIncentive

1st Yr. Trail(p.a)

2nd Yr. OnwardsTrail (p.a)

B-15 SpecialIncentive Upfront

All Equity Schemes (other than SBI Bluechip, SBI Index and SBI Arbitrage Fund) 1% for exit within 12 months 1.00% 0.50% 0.50% 1.50%

SBI Bluechip Fund Nil Nil 1.50% 0.50% 1.50% ‐ Trail SBI Magnum Index Fund 1% for exit within 7 business days Nil 0.50% 0.50% 0.25% ‐ TrailSBI Arbitrage Opportunities Fund 0.25% for exit within 7 business days Nil 0.40% 0.40% Nil

ELSS SBI Magnum Taxgain Scheme NA 3.50% NIL 0.50%***** 1.50%SBI GOLD FUNDApplication size upto Rs.2 crores 1% for exit within 1 year 1.00% NIL 0.50% NilApplication size above Rs.2 crores 1% for exit within 1 year Nil 1.00% 0.50% NilSBI EDGE Fund (will invest 33% each in Equity/Debt/Gold)Application size upto Rs.2 crores 1% for exit within 1 year 1.00% Nil 0.50% NilApplication size above Rs.2 crores 1% for exit within 1 year Nil 1.00% 0.50% NilSBI Magnum Monthly Income Plan, SBI Regular Savings PlanApplication size upto Rs.2 crores 1% for exit within 1 year 1.00% 0.50% 0.50% 1.50%Application size above Rs.2 crores 1% for exit within 1 year Nil 1.50% 0.50% 1.50% - TrailSBI Magnum Children Benefit Plan 3% for exit w/i 1 yr, 2% for exit w/i 2 yrs, 1% for exit w/I

3 yrs 0.50% 0.50% 0.50% Nil

SBI Magnum Income FundApplication size upto Rs.2 crores 1.00% for exit within 12 months 1.00% NIL 0.50% NilApplication size above Rs.2 crores 1.00% for exit within 12 months Nil 1.00% 0.50% NILSBI Dynamic Bond Fund Application size upto Rs.10 lakhs 1% for exit within 12 months 0.50% 0.50% 0.50% NilApplication size above Rs.10 lakhs 1% for exit within 12 months Nil 1.00% 0.50% NilSBI Magnum Income Fund - Floating Rate Plan - Long Term 0.25% for exit within 2 months Nil 0.25% 0.25% NilSBI Magnum Gilt Fund - Short Term 0.15% for exit within 15 days Nil 0.30% 0.30% Nil

FOF

SBI FUNDS MANAGEMENT PVT. LTD.PREFFERED INCENTIVE STRUCTURE effective from 1st April 2013 to 30th June 2013

Top 15 and Beyond 15 cities

Equity

Hybrid

g ySBI Magnum Gilt Fund - Long Term 0.25% for exit within 15 days Nil 0.50% 0.50% NilSBI Short Horizon Fund - Short Term 0.25% for exit within 90 days Nil 0.40% 0.40% NilSBI Magnum Income Fund - Floating Rate - Savings Plus Bond Plan 0.25% for exit within 1 month Nil 0.05% 0.05% Nil

Ultra ShortTerm

SBI Short Horizon Fund - Ultra Short Term 0.10% for exit within 3 business days NIL 0.05% 0.05% Nil

SBI Premier Liquid Fund Nil NIL 0.05% 0.05% NILSBI Magnum Insta Cash Fund 0.10% for exit within 3 business days NIL 0.05% 0.05% NILSBI Magnum Insta Cash Fund - Liquid Floater Plan 0.25% for exit within 30 days NIL 0.05% 0.05% NIL

*****Trail in SBI Magnum Taxgain will be from 4th yearTerms & Conditions:

12

3

4 B‐15 special incentive will be paid upfront unless otherwise specified.567

8

91011

All application forms should bear the advisor code in the broker code cell or else it will be considered direct. You are advised to abide by the code of conduct and rules/regulations laid down by SEBI and AMFI*Trail from 2nd year onwards is subject to change based on any change in regulations or cost structure.

AMC reserves the right to change the structure without any prior intimation

Debt Funds

LiquidFunds

The above structure is valid only for the period 1st Apr 2013 to 30th June 2013T‐15 refers to Top 15 Cities provided by AMFI & B‐15 refers to all the cities beyond the Top 15 cities. The list of Top 15 cities are as follows:Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai(Including Thane & Navi Mumbai), New Delhi(including NCR), Panjim, Pune and Surat

In case the investment is redeemed within the exit load period including SIP/STP, as applicable in the respective schemei) The Distribution Incentive will be proportionately recovered / clawed back from the future Brokerage payments of the Distributorii) The B‐15 special Incentive will be completely recovered / clawed back from the future Brokerage payments of the Distributor

Please read the latest SID and addendums thereto carefully confirm the scheme‐details

In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated june 30, 2009 the distrubutors 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 fund from amongst which the scheme is being recommended to the investors. Compliance of the same needs to be adhered toIn case of switch transaction from one equity fund to another equity fund, where the switch happens after the expiry of the exit load period (viz. 1 year for most of our equity funds), the distributor will be eligible for base upfront incentive applicable under the fund. However in case of switches from one equity to another equity fund before the exit load period, no upfront incentive will be payable

ELSS Scheme including SIP/STP Exit Load Upfront IncentiveTrail Incentive 1st Year

onwards (p.a.)

Trail Incentive 4th

year onwards (p.a.)

Taurus Tax Shield (TTS) N.A. Nil 1.50% 0.75%

Equity Schemes including SIP/STP Exit Load Upfront Incentive Trail Incentive 1st Year (p.a.)

Trail Incentive 2nd year onwards

(p.a.)

Taurus Nifty Index Fund0.50% if exited before 30 days.

NIL after 30 days.Nil 0.75% 0.50%

Taurus Bonanza Fund (TBF)

Taurus Starshare (TSS)

Taurus Infrastructure Fund (TIF)

Taurus Discovery Fund (TDF)

Taurus Ethical Fund (TEF)

Taurus Banking & Financial Services Fund (TBFS)

Hybrid Schemes including SIP/STP Exit Load Upfront Incentive Trail Incentive 1st Year (p.a.)Trail Incentive 2nd year onwards

(p.a.)

Taurus MIP Advantage 1.00% if exited before 180 days,

NIL after180 days.Nil 1.25% 1.00%

Debt Schemes Exit Load Upfront Incentive Trail Incentive 1st Year (p.a.)Trail Incentive 2nd year onwards

(p.a.)

Taurus Dynamic Income Fund1.00% if exited before 90 days, NIL

after 90 daysNIL 0.85% 0.50%

Average AUM Slab (Rs.)

15 Lacs & = < 30 Lacs

> 30 Lacs & = < 65 Lacs

> 65 Lacs & = < 1 Cr

> 1 Cr

Terms and Conditions:-

4. For calculating the AAUM slab for additional trail , mobilization in the applicable schemes through Fresh Purchases, Additional Purchases, SIP and Switches from Taurus Liquid

Fund, Taurus Ultra Short Term Bond Fund, Taurus Short Term Income Fund only will be considered.

For Direct Plans:-

1.Switch from Existing Plan (under ARN Code) to Direct Plan whether inter-scheme or intra-scheme will attract applicable exit load and Trail incentive will discontinue.

2. Switch from Direct Plan to Existing Plan (under ARN Code) whether inter-scheme or intra-scheme will not attract applicable exit load and relevant incentive will be paid.

3. Switch from Existing Plan (without ARN Code) to Direct Plan within the Scheme or within equity schemes** (except Nifty Index Fund & Tax Shield) will not attract exit load.

** For Switch from Existing Plan of BFS Fund (applicable for NFO investments only without ARN Code) to Direct Plan of other equity schemes, exit load will apply.

4. Switch from Existing Plan (without ARN Code) of a Scheme to Direct Plan of Nifty Index Fund, Tax Shield , MIP or Debt Schemes will attract applicable exit load.

Please Note:

1. Additional Trail Incentive will be paid at the end of each quarter.

2. All incentives are Gross and inclusive of all statutory levies including service tax and education cess as applicable.

3. Net amount after deduction of the statutory levies and deductions if any, will be paid to the distributor.

4. Taurus AMC reserves the right to change the Incentive structure at any time.

5. Please read Scheme Information Document for complete details of the scheme.

6. The structure supercedes any previous structure.

7. In accordance with the clause 4(d) of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, the distributors shall 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.

E.& O.E.

0.60%

0.45%

Additional Trail Incentive in Taurus Starshare, Taurus Discovery Fund , MIP Advantage & Dynamic Income Fund as per grid below (based on the Average AUM for mobilization during the period 10/04/2013 to 30/06/2013) :

Additional Trail Incentive 1st Year (p.a.)

0.15%

0.30%

2. Switch in the following cases for Existing Plans will attract applicable exit load and relevant incentive will be paid(i) Switch from equity schemes to Nifty Index Fund and vice-versa(ii) Switch from MIP/debt schemes to equity schemes (including Nifty Index Fund)/MIP and vice-versa(iii) Switch between debt schemes(iv) Switch into Tax Shield (ELSS) from other Schemes

3. For Switch from Tax Shield (ELSS) to any other Scheme (after 3 yrs lock-in period) no upfront incentive will be paid.

*For Switch from Existing Plan of BFS Fund (applicable for NFO investments only) to Existing Plan of other Equity Schemes, exit load will apply and upfront incentive will be paid.

1. Switch within Existing Plans of Starshare, Ethical Fund, Infrastructure Fund, Bonanza Fund, Discovery Fund and Banking & Financial Services Fund (BFS Fund)* will not attract any exit load and no upfront incentive will be paid.

Taurus Gilt Fund1.00% if exited before 1 year,

NIL after 1 year.NIL

Load and Incentive structure for the period 10th April 2013 to 30th June 2013

Marketing Fee

1.00% if exited before 180 days,NIL after 180 days.

Nil 1.25%

Taurus Short Term Income Fund 0.25% if exited before 1 month 0.10%

Taurus Liquid Fund

Taurus Ultra Short Term Bond Fund

0.05% 0.05%

0.10%

NIL

NIL

1.00%

0.75% 0.50%

NIL 0.10%

0.05%NIL

NIL

Category I: Equity and Balanced Fund

Upfront Additional Upfront Trail-1st Year Trail-2nd YearTrail-3rd Year

onwardsUpfront*

Additional

Upfront**Trail-1st Year Trail-2nd Year

Trail-3rd Year

onwards

0.50 0.25 0.75 0.75 0.75 0.50 1.75 0.75 0.75 0.75

Category Upfront Trail - 1st YearTrail 4th year &

Perpetual

Additional Marketing

Expenses

All 2.50% Nil 0.40% Nil

Category Marketing Expense Trail - 1st YearTrail 2nd year &

Perpetual

Additional Marketing

ExpensesAll Nil 0.75% 0.20% Nil

T15 B15

T-15 refers to the Top 15 Cities provided by AMFI and B -15 refers to all the cities beyond the Top 15 Cities. The list of Top 15 cities is as follows Mumbai (including Thane & Navi

Mumbai), Delhi (including NCR), Bangalore, Kolkata, Chennai, Pune, Ahmedabad, Hyderabad, Baroda, Panjim, Jaipur, Lucknow, Surat, Kanpur and Chandigarh.

Category I: Equity & Balanced Fund - Balanced Fund, Banking Sector Fund( Regular Plan), Contra Fund, Dividend Yield Fund, Energy Fund, Equity Fund, Infrastructure Fund, Leadership

Equity Fund, Masterplus Unit Scheme, Mastershare Unit Scheme, Master Value Fund, Mid Cap Fund, MNC Fund, Opportunities Fund, Pharma & Healthcare Fund, Services Industries

Fund, Top 100 Fund, Transportation & Logistics Fund, Wealth Builder Fund Series-II (Retail Plan) & CRTS.

The above structure is valid from 1st April'13 to 30th June'13

CATEGORY III: UTI Nifty Index Fund

CATEGORY II: Equity Linked Saving Scheme (UTI-ETSP)

For switches between schemes following would be applicable

1. Income & Liquid fund/s to Equity and Balanced fund/s: Upfront & additional upfront commission as payable on destination scheme in respect of switchover. Trail commission as

applicable to the destination fund will be payable in respect of switchover.

2. Equity & Balanced fund/s to Equity & Balanced fund/s: No upfront or additional upfront would be payable. Trail commission as applicable to the destination fund will be payable in

respect of switchover.

3.Equity & Balanced fund/s to Income & Liquid fund/s including UTI RBP, UTI ULIP, UTI CCP Balance and Advantage: Upfront & additional upfront commission as payable on destination

scheme in respect of switchover.Trail commission as applicable to the destination fund will be payable in respect of switchover.

4. Income fund/s to Income fund/s:Upfront & additional upfront commission as payable on destination scheme in respect of switchover.Trail commission as applicable to the destination

fund will be payable in respect of switchover.

In case the investment is redeemed within the exit load period, as applicable, the proportionate (i.e. for the remaining period of exit load period) of upfront (including addtional upfront/

incentive, if any) paid shall be recovered/clawed back/ set off from the future brokerage payments, at AMC’s sole discretion.

Please read the latest SID/s and addendums thereto carefully confirm the scheme details.

UTI AMC may change the rates / periodicity etc. of commission/ trail commission in case of change in regulations / expense ratio and any other factors which have an impact on such

payments.

1st Year total includes all expenses i.e. marketing expense/ 1st year trail/ additional upfront,focussed fund offer and contest 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 period) of upfront (including additional

upfront/ incentive, if any) paid shall be recovered/clawed back/ set off from the future brokerage payments, at AMC’s sole discretion.

** In case the investment is redeemed within the exit load period, the additional upfront (including additional upfront/incentive etc.) paid shall be recovered /clawed back/set off fully

from the future brokerage payments, at AMC's sole descretion

Preferred Brokerage Structure Effective From 1st April'13 to 30th

June’13

Category Scheme Name Upfront Trail - 1st Year 2nd year o/w Trail Perpetual

Income UTI Short Term Income Fund 0.20% Nil 0.10%

Gilt UTI Gilt Advantage Fund Nil 0.60% 0.30%

UTI GSEC STP Nil 0.30% 0.15%

Category Scheme Name TOP 15 CITIES

Upfront* Trail - 1st Year 2nd year o/w Trail Perpetual

Income

UTI Dynamic Bond Fund 0.75% NIL 0.40%

UTI Bond Fund 1.25% 0.25% 1.00%

UTI Credit Opp. Fund 1.25% 0.25% 1.00%

MIS UTI MIS 1.00% 0.25% 1.00%

UTI MIS Advantage 1.00% 0.25% 1.00%

Category Scheme Name BEYOND 15 CITIES

Upfront* Additional B15 Incentive** Trail - 1st Year 2nd year o/w Trail Perpetual

Income

UTI Dynamic Bond Fund 0.75% 0.00% NIL 0.40%

UTI Bond Fund 1.00% 0.50% 0.25% 1.00%

UTI Credit Opp. Fund 1.00% 0.50% 0.25% 1.00%

MIS UTI MIS 1.25% 0.50% 0.25% 1.00%

UTI MIS Advantage 1.25% 0.50% 0.25% 1.00%

Note:

1. The above rates are applicable on prospective basis from 1st April'13 to 30th

June’13.

2. The structure of commission is independently applicable to each scheme.

3. Intermediaries are not entitled to commission / incentive on their own business. Commission / incentive is not payable for investment made by

sponsors of UTI AMC.

4. The commission rates are inclusive of all taxes/ levies/statutory duties /service tax etc.

5. *In case the investment is redeemed within the exit load period, as applicable the proportionate (i.e. for the remaining period of exit load period)

of upfront (including additional upfront / incentive, if any) paid shall be recovered/clawed back/set off from the future brokerage payments, at

AMC's sole discretion.

6. **In case the investment is redeemed within the exit load period, the additional upfront (including additional upfront/incentive etc.) paid shall be

recovered / clawed back / set off fully from the future brokerage payments, at AMC's sole descretion.

7. First year trail commission is calculated from the date of the investment till the end of the first year of investment or till the investor stays

invested in the scheme, whichever is earlier and is calculated on pro‐rata basis, by taking the average of net asset value during the period under

consideration and on the outstanding units.

8. Second year & onwards trail commission is calculated from date of completion of one year from the date of investment. It is calculated on

pro‐rata basis, by taking average of net asset value during the period under consideration. Second year trail commission as applicable to the

scheme is paid either perpetually till the investor stays invested in the scheme or for the specific period mentioned in the commission structure

applicable to the scheme.

9. UTI AMC may change the rates / periodicity etc of commission in case of change in regulations / expense ratio and any other factors which

have an impact on such payments.

10. The objective of the above structure is to reward genuine investments canvassed by distributors. Any misuse of the commission/reward

structure should be discouraged and commission of such agents found involved in any malpractice may be withheld.

11. UTI AMC reserves the right to modify, withdraw or suspend the brokerage structure at any time.

Category Scheme Name Upfront Trail - 1st Year 2nd year o/w Trail Perpetual

Liquid UTI Liquid Cast Plan, UTI Money Market Fund Nil 0.05% 0.05%

Ultra Short Term UTI Treasury Advantage Fund Nil 0.10% 0.10%

UTI Floating Rate Fund Nil 0.60% 0.30%

structure - d additional distributor remuneration …...additional fixed income upfront – may...

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