Soft Dollar Arrangements

There are no formal soft dollar arrangements with any of the brokers with whom the security trades of mutual fund schemes are being executed. Some brokers may provide hotline facility in dealing room for ease of trading with the dealers. However the quality of research inputs and market analysis given by the brokers is the sole parameter being used by investment team for allocation of business among brokers. The research inputs and hotlines provided by brokers are free of cost and are for the benefit of the investors. The business given to brokers and brokerage rates charged to the schemes are within the limits specified under SEBI (Mutual Funds) Regulations, 1996.