Cafemutual is a meeting point for all mutual fund professionals. So whether you are a self-employed independent financial advisor (IFA) or a hot-shot private banker with a big bank or a CEO of an AMC or a back office girl, we have something for you. To ensure that you have a productive and enriching experience at our site, spend a few minutes on this guide.
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What can you expect to see here?
Stay ahead of all the developments taking place in the Indian mutual fund industry. What’s more, all news is presented so that you find it relevant and useful. So whether it is industry news or NFO news or AMC specific news or the latest rankings and awards, expect to see it all here.
Get clarity on the broader issues and trends affecting your business
Benefit from the experience of your fellow IFAs as they share their success stories and best practices
There is a wide range of powerful applications and tools to make you more productive. Upload client portfolios, organise your meetings, compare funds, select funds, research funds…
You will find all the market commentaries and fact sheets of all the fund houses in this section. You can access these reports of all asset classes of any frequency (daily, weekly, monthly) of your choice.
This is the section where we try to address the concerns and issues of our visitors. You could post a query, remove your doubts or just seek more information by writing to us.
You can download the application forms of any fund house here.
Look up these directories when you want to locate addresses and contact details of the offices/ branches of AMCs, R & Ts, trainers, custodians, AMFI and SEBI.
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How trail commission is calculated?
- Rashika Mehrotra
The trail commission varies between 0.25 per cent to 0.75 per cent p.a. for equity funds. On debt funds, fund advisors get their commission only in the form of trail commission
Calculation of Trail Commission
Trail Commission: - Daily product * Rate/100 * 1/365
Daily product = Balance units * Cumulative NAV
For example, Broker X procures 1, 00,000 units on 1st January 2010 and the rate of commission is 0.50 % p.a. payable monthly and the investor redeems 50000 units on 15th March 2010. Cumulative NAV (addition of all the NAV from 1st of the month to the end of the month) is Rs.1500.00 in January, Rs.1256.54 in February and Rs.624.00 in March (cumulative up to 14thMarch) and Rs.598.24 from March 15th to 31st.
January
2054.79
February
1721.29
Up to March 14th
854.79
From 15th -31stMarch
409.75