Fee Structure & Disclosures
We believe in full transparency regarding our fees and commissions. Below is a clear disclosure of our fee structure in compliance with SEBI and AMFI regulations.
1. Mutual Fund Distribution
As an AMFI Registered Mutual Fund Distributor (ARN-360468), we distribute mutual funds through NJ India Invest Pvt. Ltd.
Commission Model
- - We receive trail commissions from Asset Management Companies (AMCs) for mutual fund distribution
- - Commission rates vary by scheme and AMC (typically 0.5% - 1.5% per annum on AUM)
- - These commissions are embedded in the scheme's expense ratio and do NOT affect the NAV you receive
- - There is no direct fee charged to the investor for mutual fund transactions
Note: Investors can opt for Direct Plans (without distributor commission) through AMC websites. Regular Plans (through distributors) include distribution commissions in the expense ratio.
2. Financial Guidance & Planning
Financial guidance and planning are provided on a consultation basis. We are an AMFI-registered mutual fund distributor, not a SEBI-registered investment adviser.
Fee Structure
- - Initial Consultation: Complimentary (free of charge)
- - Financial Planning: Fee-based, discussed during consultation based on complexity
- - Portfolio Review: Included with the engagement
- - Ongoing Guidance: As per mutually agreed terms
Specific fees will be discussed and agreed upon before the engagement begins. All fees are disclosed upfront with no hidden charges.
3. Tax & Compliance Services
Chartered Accountancy services (tax filing, compliance consulting) are provided by Anil Parekh & Co.
Fee Structure
- - Income Tax Return Filing: Based on complexity and residency status
- - FEMA Compliance: Project-based fees
- - Form 15CA/15CB: Per-transaction fees
- - GST Services: Monthly/quarterly retainer or per-filing basis
Fees are communicated in advance and are in accordance with ICAI guidelines.
4. Broking & Stock Market Services
Broking and stock market services are provided through IIFL Capital Services Ltd., a SEBI-registered intermediary.
- - Brokerage and transaction charges apply as per IIFL schedule
- - Statutory charges (STT, GST, exchange fees) as applicable
- - Demat account charges as per depository norms
5. Important Disclosures
- - We may receive commissions from product manufacturers (AMCs, insurance companies) for distribution. This creates a potential conflict of interest.
- - We commit to recommending products that we believe are suitable for the client's needs, regardless of commission structure.
- - Clients are free to execute transactions directly with product providers without using our distribution services.
- - All fees and commissions are subject to applicable taxes (GST).
- - We do not accept or provide any inducements that could create a conflict with client interests.
6. Contact for Fee Queries
For detailed fee information for your specific requirements, please contact us:
Email: support@nriwealthpartners.com
Phone: +91 9974742626
We are happy to provide a detailed fee schedule before you engage our services.