SEBI & AMFI Compliance
Commission Structure & Operating Disclosures
In compliance with SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2018/137 and AMFI Code of Conduct, we maintain full transparency in all our advisory and distribution operations.
1. Statutory Registration Details
| Entity Name | Registration Category | ARN / License Number | Validity |
|---|---|---|---|
| Gaindamull Hemraj Financial Services | AMFI Registered MF Distributor | ARN-71529 | Active |
| Gaindamull Hemraj Capital | AMFI Registered MF Distributor | ARN-202376 | Active |
| Gaindamull Hemraj Capital | APMI Registered Partner (PMS) | APRN: 00770 | Active |
| Gaindamull Hemraj Capital | Authorised Person (Stock Broking) | Cert No: 129341 | Active |
| Snowball Edge | Authorised Person (Stock Broking) | Cert No: 163921 | Active |
2. Mutual Fund Trailing Commission Range
In accordance with SEBI guidelines banning upfront commissions, Gaindamull Hemraj Capital earns only trailing commissions on investments made under Regular Plans. Trailing commissions vary based on asset class, AUM tenure, and AMC payout policies:
| Scheme Category | Indicative 1st Year Trail (p.a.) | Indicative 2nd Year Onwards Trail (p.a.) |
|---|---|---|
| Equity & Hybrid Schemes | 0.60% – 1.10% | 0.60% – 1.10% |
| Debt & Fixed Income Schemes | 0.25% – 0.65% | 0.25% – 0.65% |
| Liquid & Ultra Short Term Schemes | 0.05% – 0.15% | 0.05% – 0.15% |
| Index Funds & ETFs | 0.05% – 0.25% | 0.05% – 0.25% |
*Actual rates vary per AMC and scheme factsheet. Trailing commissions are deducted from the scheme's Total Expense Ratio (TER) and are not separately billed to investors.
3. AMFI & SEBI Code of Conduct Adherence
We strictly adhere to the AMFI Code of Conduct for Intermediaries:
- Conduct all dealings with integrity, fairness, and high standards of professionalism.
- Ensure all risk assessments and suitability checks are carried out before recommending scheme categories.
- Provide clients with all relevant scheme documents, key information, and exit load schedules without misrepresentation.
- Avoid churning of client portfolios and maintain client data confidentiality at all times.