Last updated: November 2026
Objective
This disclosure is prepared in line with SEBI and AMFI guidelines requiring Mutual Fund Distributors to disclose the commission they receive from Asset Management Companies (AMCs), so that investors have full transparency.
How commission works
When you invest in a Regular Plan through Masego Financial Services LLP (ARN 348298), the AMC pays us a commission (trail and/or upfront, as applicable). It is paid by the AMC out of the scheme’s Total Expense Ratio (TER) and is already reflected in the NAV.
Indicative trail commission
| Scheme category | Indicative trail (% p.a.) | Notes |
|---|---|---|
| Equity – Large Cap | 0.50% – 0.80% | Varies by AMC and AUM slab |
| Equity – Mid / Small Cap | 0.60% – 1.00% | Higher-TER schemes |
| Debt – Liquid / Overnight | 0.05% – 0.10% | Lower TER |
| Debt – Short / Medium | 0.20% – 0.50% | Varies by category |
| Hybrid – Balanced Advantage | 0.50% – 0.90% | Dynamic allocation |
| Index Funds / ETFs | 0.05% – 0.20% | Passively managed |
Indicative industry ranges. Actual commissions vary by AMC, slab, investor location (T30/B30), AUM levels and prevailing SEBI regulations.
What affects the commission
Commission rates differ by AMC, scheme category, investment amount and prevailing SEBI regulations. Equity schemes generally carry higher rates than debt, liquid or index schemes. The actual commission paid on your investments is shown in your Consolidated Account Statement (CAS) from CAMS/KFintech, and we will share scheme-wise details on request.
Key disclosures
- We do not charge a separate advisory fee for mutual fund distribution.
- Commission is paid by AMCs and included in the TER.
- We do not accept gifts or non-cash benefits from AMCs that could create a conflict of interest.
- Fund selection is based on objective criteria and your suitability, never on commission rates.
- Investors may choose Direct Plans through AMC platforms.
Compliance references
- AMFI Master Circular for Mutual Fund Distributors
- SEBI Master Circular for Mutual Funds
- AMFI Code of Conduct for Mutual Fund Distributors