DSP Flexi Cap Fund Pricing

Please find below special pricing in DSP Flexi Cap Fund, applicable from: 1st Aug 2021 – 31st Aug 2021.

Transaction Type: Purchase, Switch, STP

All other terms and conditions of brokerage remains the same.

Additional Conditions for this Pricing:

1. Switch/STP from Debt funds and Arbitrage Fund will be considered
2. Switch/STP from Equity and Hybrid Fund will not be considered
3. Maximum period for STP will be up to 24 months
4. If STP is closed before completion of the slab, it will be liable for clawback of brokerage paid
5. STP should be registered in period stated above. STP and future instalments will be considered only if all details of STP are available as part of standard feed provided by stock exchange platforms and channel distributors

Existing Brokerage Conditions which are applicable:

1. Brokerage rates mentioned above are applicable for all the purchases, Switches, made from 1st Aug 2021 to 31st Aug 2021
2. Trail Brokerage: The trail brokerage is calculated on the basis of ‘Daily Average Assets' on the NAV. This is paid in arrears at the end of each month (unless specified otherwise).
3. B-30 Special trail brokerage incentive: Special trail brokerage incentive on transactions tagged with location from B-30 cities will be subject to recovery (claw back), if the investment (on which such Trail brokerage incentive was paid) gets redeemed/switched before the completion of one year from the date of investment in the respective scheme. Transactions will be tagged as B30 or T30 purely based on availability of Pin code, City Name and Country name as available in application form as well as KYC data. Distributors should ensure availability and updation of correct pin code, City and Country name in the application and KYC forms.
4. B30 Special trail brokerage incentive is payable for 1st year on transactions from investors classified as “Individual”, subject to a per transaction limit of Rs. 200,000/-. Further, this is payable only on applicable schemes and is subject to review from time to time. Distributor should ensure that the transactions of amount greater than Rs 2,00,000/- are not split and AMC reserves a right to aggregate multiple transactions on the same day to determine applicability of B30 brokerage incentive. In case of multiple instances, AMC reserves a right to report such transactions to regulatory authorities.
5. Brokerage rates mentioned above are applicable for all the purchases, Switches, made from 1st Aug 2021 to 31st Aug 2021.
6. The proposed Brokerage structure is applicable for Regular plan of the Schemes. No Brokerage/Commission will be payable on Direct Plans or transactions with Invalid ARN codes or if the ARNs is suspended / debarred / suspended or where the KYC of the client is not valid.
7. The Brokerage structure communicated for schemes of DSP Mutual Fund (DSPMF) from time-to-time is inclusive of all cess, charges, taxes etc. that may be incurred by DSP Asset Managers Pvt. Ltd. (DSPAM) and / or DSP Mutual Fund (DSPMF). Further, the Brokerage payable would be subject to all the statutory deductions etc.
8. The brokerage rates for assets mobilized during the current period in all DSP open ended equity, hybrid and ELSS category schemes are expected to remain constant till the time such assets are redeemed, except in following cases: (a) If limits on Total Expense Ratio (TER) goes down or (b) Increase in scheme operating expenses, including GST or similar taxes. DSPAM and DSPMF reserves the right to revise the brokerage rates with effect from the date of reduction of TERs by SEBI as and when announced.
9. DSPAM and DSPMF reserve the right to withhold / not pay trail Brokerage or whatsoever Brokerage on any transaction / application, at its sole discretion.
10. Brokerage payment (all sort) will be made by the respective schemes of DSPMF. The clawback amount can be adjusted against any commission payments to the distributors, whether paid/incurred by DSPMF or DSPAM.
11. The rules and regulations of SEBI / AMFI pertaining to Brokerage payment to distributors will also be applicable for payment of the above mentioned Brokerage structure. In case the Brokerage paid to the distributor is found to be in excess of limits defined by the SEBI / AMFI, DSPAM or DSPMF, DSPAM / DSPMF reserves the right to recover / adjust, such excess Brokerage paid to the distributor.
12. The Brokerage /Incentive structure mentioned hereinabove is solely payable to AMFI/NISM certified distributors. DSPAM and DSPMF shall not be responsible for any losses incurred by anyone due to change in the Brokerage structure or due to any statutory provisions.
13. All distributors shall abide by the code of conduct and rules/regulations laid down by SEBI and AMFI. Also, it is specifically mentioned that the distributor will neither pass on or rebate Brokerage /incentive back to investors nor tempt them with gifts /rebate. DSPAM/DSPMF will take disciplinary action against any distributor who is found violating the rules, regulations and code of conduct. The distributor shall disclose all commissions (Trail, trail or any other mode) payable to them for the different competing schemes of various Mutual Funds from amongst, which the scheme is being recommended to the investor.
14. DSPAM and DSPMF reserves the right to change, withdraw, and / or amend the above mentioned terms and conditions, without any prior notice.

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