With effect from March 1, 2019, Quantum Mutual Fund has increased trail commission of mutual fund distributors from 0.15% to 0.50%.
Citing inflation and rising cost of acquisition for distributors as the key reasons for increasing trail commission, Jimmy Patel, CEO, Quantum MF said, “We recognize that with rising inflation levels, the costs of everything is on the rise. To adequately reimburse you for the valuable advice that you offer and impart to investors and encourage the low cost, long term investing ideal in them we have revised the Commission Structure w.e.f. from March 1, 2019.”
He further said, “Distributors deserve respect for professional approach and an appropriate advisory fee from us. Goodness must be paid a fair and transparent fee for it to remain in existence.”
With this, the fund house has increased TER of regular plans to the extent of distribution commission.
