Mutual Funds
As part of their financial planning process customers explore various financial instruments while arriving at their investment decisions. Acknowledging this requirement, KVB offers a range of financial services under one roof. Since mutual funds are a desired investment option of the customers, KVB has entered into tie-ups with leading mutual fund AMCs for the convenience of customers so that they can enjoy the experience of convenient banking.
Date of Registration : 06.01.2003
Current Validity up to : 05.01.2025
- KVB had tied-up with the following Asset Management Companies (AMC),
- Aditya Birla Mutual Fund
- Franklin Templeton Mutual Fund
- LIC Mutual Fund
- Reliance Mutual Fund
- SBI Mutual Fund
- Sundaram Mutual Fund
- UTI Mutual Fund
- Mutual funds are subject to market risk, Karur Vysya Bank will not recommend any specific fund or scheme. For details of funds available for investment and other details contact your nearest branch.
Note:
KYC norms are mandatory for ALL applicants / investors (including existing investors and joint holders) while investing with any SEBI registered Mutual Fund, irrespective of the amount of investment.
Mutual fund investments are subject to market risks. Please read the scheme information and other related documents before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs.
Commissions on Mutual Funds
In accordance with the extant regulations (SEBI circular:- SEBI/IMD/CIR No. 4/ 168230/09 dated 30th June 2009 and RBI guidelines on Marketing / Distribution of Mutual Fund / Insurance etc., dated November 16, 2009.) following are the details of the comparative commission earned by the Bank from various fund-houses, whose products are being distributed. Details of scheme level commission on Mutual Funds are available with the Branch on demand.
| Scheme Type | T-30 & B-30 | Annual Retention Incentive for B-30 (Additional B-30 Trail applicable for 1st year Only)* |
|---|---|---|
| Trail | Trail | |
| Equity Schemes | ||
| Equity Funds | 0.70 to 1.30 % | 0 to 1.50% |
| ELSS Funds | 0.70 to 1.25% | 0 to 1.50% |
| Hybrid Schemes | ||
| Asset Allocation Funds | 0.10 to 1.00% | 0 to 1.50% |
| Arbitrage Funds | 0.40 to 0.50% | NIL |
| Hybrid Funds | 0.80 to 1.05% | 0 to 1.50% |
| Debt Schemes | ||
| Gilt Funds | 0.40 to 0.85% | NIL |
| Income & Bond Funds | 0.15 to 0.60% | 0 to 0.75% |
| Low/Medium/Long Duration Fund | 0.25 to 0.80 | 0 to 0.25% |
| Liquid/Overnight/ Money Market Fund | 0.05 to 0.70% | NIL |
| Other Schemes | ||
| Index Funds | 0.04 to 0.50% | NIL |
| FoFs | 0.1% | NIL |
*Special Incentive, Annual Retention Incentive & Brokerages are subject to claw back.
The above-mentioned rates are subject to change without any prior consent and at discretion and agreement between Karur Vysya Bank and the respective AMCs. All Brokerages are subject to GST.
