Disclosures – Mutual Fund Commissions
Following are the details of the commission earned by IDFC FIRST Bank from various fund-houses:
|Income earned from Mutual funds through commission, brokerage|
|Fund Category||Trail year 1 onwards|
|All Equity and balanced funds*||0.00% to 2.00%|
|Index Funds||0.00% to 0.85%|
|ELSS/ Tax saving funds||0.00% to 2.00%|
|Arbitrage Funds||0.00% to 0.75%|
|All Debt funds**||0.00% to 1.00%|
|Liquid funds||0.00% to 0.50%|
|Income earned from Referral Products through commission, brokerage|
|Commission / Brokerage per annum||0% - 2.00%^|
IDFC FIRST Bank offers only Regular Plans in Mutual Funds. Details of Scheme level commission on Mutual funds are available with the Relationship Managers and would be produced on demand.
IDFC FIRST Bank Ltd. also gets the following reimbursements and income from AMCs. Reimbursements towards promotion and marketing related activities conducted by IDFC FIRST Bank Ltd. on behalf of AMCs. These reimbursements are event based and the same may or may not be received from AMCs in a particular period. Further, since such activities may be carried out at AMC level, reimbursement amount received cannot be attributed to any specific scheme being offered by such AMC.
IDFC FIRST Bank acts a distributor of mutual funds wherein it distributes products of various mutual funds. IDFC Mutual Fund is one of the mutual fund houses whose products are distributed by IDFC FIRST Bank wherein IDFC Asset Management Company Limited is a group company.
KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
Bandra East, Mumbai - 400051,
LOGIN TO INTERNET BANKING
Did you join the IDFC FIRST family after December 15, 2020?
Congratulations! We have unlocked access to our new exciting banking portal for all customers who opened their accounts after December 15, 2020
For customers who joined before December 15, 2020
We will have the new portal unlocked for you too shortly. Meanwhile, please continue using our existing portal to manage your account