Disclosures

                                            

The disclosures provided by Better Fund Financial Services highlight important information about its mutual fund distribution activities, the products and services it offers, and the commission rates earned from mutual fund companies. Here’s a breakdown of the key points:

1. Registration and Scope of Services

  • Better Fund is a mutual fund distributor registered with AMFI (Association of Mutual Funds in India) under ARN (AMFI Registration Number) 269669.
  • Certain mutual fund products may not be traded on exchanges, and disputes related to the distribution activity do not have access to Exchange Investor Redressal Forum or Arbitration mechanisms.
  • Better Fund is permitted to offer incidental service related to mutual fund products to its clients but cannot provide investment advice or opinions for non-mutual fund products.

2. Material Disclaimer

  • All circulated material is informational and not intended as investment advice or an advertisement.
  • The views and expressions in the material are not necessarily those of Better Fund, which does not assume responsibility or liability for the accuracy, completeness, or suitability of the information.
  • The material’s content (including charts, images, etc.) is protected intellectual property and cannot be reproduced for non-personal use without permission.
  • Better Fund warns investors that mutual fund investments are subject to market risk, and past performance is not indicative of future results.

3. Commission Structure

Better Fund earns commissions from various Mutual Fund Companies on the following types of funds:

  • Equity funds
  • Debt funds
  • Liquid funds
  • ELSS (Equity Linked Savings Scheme) funds

Below is a brief description of the commission rates by AMC (Asset Management Companies) for each type of fund:

  • Equity Funds: Commissions range from 0.05% to 1.85%, depending on the AMC and the specific fund category.
  • Debt Funds: Commission rates generally range from 0.05% to 1.57%.
  • Liquid Funds: These generally earn lower commissions, from 0.02% to 0.25%.
  • ELSS Funds: Commissions are generally higher, ranging from 0.25% to 1.65%.

4. Conflict of Interest

  • Better Fund clarifies that the selection of mutual funds it recommends is not influenced by the commission it earns. The focus is on providing suitable options for the investor rather than maximizing the commission.