No Fee Statement

How we are paid instead

We are remunerated entirely by trail commission, paid to us by the mutual fund out of the scheme’s own expenses, only for Regular Plan investments. This is disclosed in full, with rates, on our Commission Disclosure page. You never pay this commission to us directly; it is already built into the scheme’s expense ratio, which is why a Regular Plan’s expense ratio is higher than the same scheme’s Direct Plan.

No separate transaction charge either

Distributors were once permitted to deduct a one-time transaction charge (up to ₹150 for a new investor or ₹100 for an existing one) from a subscription of ₹10,000 or more. SEBI withdrew this provision from the Master Circular for Mutual Funds with immediate effect on 8 August 2025 (SEBI/HO/IMD/PoD1/CIR/P/2025/115). We do not levy any such charge.

Charges that are not ours

You may still see certain deductions in your statement. These are levied by the scheme or by law, not by Sumraksha:

• The scheme’s expense ratio (which includes our commission, but is fixed by the mutual fund, not by us)
• Exit load, if you redeem before the period stated in the scheme’s documents
• Securities Transaction Tax, GST and other statutory levies

Choosing a Direct Plan

If you invest directly with a mutual fund in its Direct Plan, no distributor, including Sumraksha, is paid any commission on that investment, and its expense ratio is correspondingly lower. We deal only in Regular Plans; see our Commission Disclosure page for what that means for you.