With effect from 01 February 2008, any investor (all applicants) investing Rs. 50,000 and above into mutual funds (either Online Mutual Fund or physical application) would be required to be KYC compliant with CVL without which the transactions may be liable to get rejected by the mutual fund houses.
As per SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09, the commission that is going to be earned by the Distributor/ Bank on various products of different Mutual fund companies will be made available to the investors on demand.
These commission payments are subject to change, without any prior consent and at a sole discretion and agreement between AMC & Bank.