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Commission Disclosure
How we are paid for distributing mutual funds, and what we tell you before you invest.
Last updated: 27 September 2026
Regular Plans only
We deal only in the Regular Plan of mutual fund schemes. We do not deal in Direct Plans.
How we are paid
- The mutual fund pays us trail commission, in money only, as a percentage per year of the value of your investment in Regular Plans.
- This commission is paid out of the scheme’s expenses. That is why a Regular Plan has a higher expense ratio than the Direct Plan of the same scheme.
- Commission rates differ between fund houses and schemes, and fund houses revise them from time to time.
- We do not pass back commission to investors, and we do not offer gifts, rebates or other incentives to invest.
Commission rates
| Scheme category | Type | Rate per year | Paid by |
|---|---|---|---|
| Equity schemes | Trail commission | 0.05% to 1.80% | The mutual fund, out of the scheme’s expenses |
| Hybrid schemes | Trail commission | 0.05% to 1.80% | The mutual fund, out of the scheme’s expenses |
| Debt schemes | Trail commission | 0.05% to 1.80% | The mutual fund, out of the scheme’s expenses |
| Liquid, overnight and money market schemes | Trail commission | 0.05% to 1.80% | The mutual fund, out of the scheme’s expenses |
| Solution-oriented schemes (retirement and children’s) | Trail commission | 0.05% to 1.80% | The mutual fund, out of the scheme’s expenses |
| Index funds, ETFs and fund of funds | Trail commission | 0.05% to 1.80% | The mutual fund, out of the scheme’s expenses |
Rates are a percentage per year of the value of your investment in the Regular Plan, that is ₹0.05 to ₹1.80 a year for every ₹100 invested. The exact rate depends on the fund house and the scheme, and we disclose the rate on the scheme you choose before you invest.
One-time incentive for new investors
Under SEBI’s circular of 27 November 2025, a fund house may pay us a one-time incentive when a new individual investor from beyond the top 30 cities, or a new woman investor, starts investing through us. It is 1% of the first lumpsum investment (if held for at least a year) or of the first year’s SIP instalments, up to ₹2,000 per investor. The fund house pays it from its investor-education budget, not from the scheme. ETFs, domestic fund of funds, and overnight, liquid, ultra-short and low duration schemes are excluded.
What we disclose to you
- Before you invest on our suggestion, we tell you the commission we receive on that scheme and on the competing schemes we considered.
- You can ask us for our current commission rates at any time.
- The commission paid to us on your investments is also shown in your half-yearly Consolidated Account Statement (CAS).
Nature of our services
- We are a mutual fund distributor. We are not registered with SEBI as an Investment Adviser and do not provide investment advisory or financial planning services.
- Any suggestion we make is incidental to the distribution of mutual fund schemes and follows an assessment of your financial situation, investment experience and objectives.
- You can invest on our suggestion (advisory) or on your own instruction (execution-only). If an execution-only request does not appear suitable for you, we tell you so in writing before we process it.
- Every application we submit carries our ARN and the EUIN of the person who dealt with you.
Products we distribute
We distribute schemes only of the mutual funds listed on our Registrations page, and the information we give you covers only those products. You may also consider other products that we do not offer, including the Direct Plans available from each fund house, before you make an investment decision.
Conflicts of interest
We aim to avoid conflicts of interest. Where one cannot be avoided, we disclose it to you before you invest. Commission never decides which scheme we suggest.
Payments
You pay for investments from your own bank account, directly to the mutual fund or through the clearing system of NSE’s Mutual Fund platform, NMF II. Sumraksha never accepts cash, or payment in its own name, for a mutual fund investment. See our Security page for how these payments and your transactions are protected.
Made under SEBI circular SEBI/IMD/CIR No. 4/168230/09 dated 30 June 2009, the SEBI Master Circular for Mutual Funds and the AMFI Code of Conduct for Mutual Fund Distributors. See also our No Fee Statement.