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Full Disclosure of Commissions on Mutual Funds by

01-27-2011 03:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: PersonalFN

Full Disclosure of Commissions on Mutual Funds

PersonalFN, a service brand of Quantum Information Services P Ltd, is pleased to announce a major shift in transparency levels of investment advisors and mutual fund distributors.
As a distributor of mutual funds, PersonalFN has introduced a report to all its investors which will provide a FULL DISCLOSURE on all the commissions earned by PersonalFN during a period either through Upfront or Trail commissions on the amount that has been invested in mutual funds by an investor through PersonalFN.
It is important to note that even though entry loads have been banned by SEBI, mutual fund houses still pay an upfront commission to your distributors, banker and broker. This can typically range from 0.25% to 1% and more in some cases depending upon the total business being brought to the mutual fund.
And the trail commissions still continue.
So, an investor did not know the exact amount that has been given out to the distributor, broker or bank. The doubt still remains: is the distributor selling a mutual fund based on what is good for the investor– or what is good for his commission structure?
The question here is not the money. More important is the question of whether you got the appropriate service or advice against the same.
Some distributors provide just basic investment advice and transactions for the commissions that accrue to them through mutual funds.
Some other distributors charge an extra fee for the investments. Typically, 0.5% to 1% over and above what the mutual fund is already paying.
PersonalFN has gone a step ahead.
In this opaque environment of unknown commissions for unknown reasons, PersonalFN will now charge for its services including transactions. However, it will also provide an offset of any commissions that it will receive on the investments made by the investor against that charge.
To summarise, this will achieve three key objectives for the investors:
1. They will now know exactly what PersonalFN has earned (to the last paisa) out of the mutual fund transactions.
2. They will be able to transparently subscribe to the services against that earning. Getting full credit from money paid by the mutual fund industry.
3. They will have near to ZERO transaction cost (since the Mutual Fund commissions that are received are funding that cost for the investor).
This creates a win-win situation for the investor as well as the service provider. Complete transparency is established in the process., is a service brand of Quantum Information Services P Ltd. Since 2009, PersonalFN has been researching in Mutual Funds, insurance, fixed income instruments since 1999, and have been providing customized financial planning and premium mutual fund research to clients in India as well as NRIs.

Quantum Information Service Pvt. Ltd.
503, Dalamal House
Nariman Point, Mumbai 400021
Contact Name: Vishal Sharma
Tel - +91-22-6136-1223/+919930548887

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