Financial Radiance is engaged in the distribution of Mutual fund products. We, therefore, earn our commission as a product distributor from the Asset Management Companies (AMCs) and do not have any other source of income. However, incidental to our services, we also provide add on services such as Financial Planning, Insurance advisory, taxation advice, and other services. These are all value-added services and being a Certified Financial Planner (CFP), we are competent in providing such services. We also provide an App to all our clients so that they can track their portfolio, as and when needed, and also have access to various valuation and capital gains/losses reports. We do not charge any extra fees for the same (as per current regulations, since we earn distribution commission, we are not allowed to charge fees).
We believe in transparency and clear disclosure of our earnings for the understanding of our clients. As per circular from SEBI vide SEBI/HO/IMD/DF2/CIR/P/2018/137 dated October 22, 2018, MFs/AMCs shall adopt full trail model of commission in all schemes, without payment of any upfront commission or upfronting of any trail commission, directly or indirectly, in cash or kind, through sponsorships, or any other route. The table provides the information about the commissions paid to Financial Radiance. Kindly do note that these are approximate commissions which are determined by the AMCs every quarter and communicated to us. These are paid by the AMCs to us, based on average daily AUM, on a monthly basis. So, our earnings vary depending on the performance of the funds recommended by us, better the performance, better the earnings, therefore a win-win situation both for our clients and us. Similarly, whenever the funds performance is not good, our earnings also get impacted. We also confirm that we are ethical and we would not be rebating or passing back the commissions to our investors.
||0.10% to 0.50%
||Paid out of Portfolio Expenses charged by the AMC which are capped as per SEBI regulations. The net NAV announced by the Fund under its regular plan is less of such charges taken on a weekly average valuation of the portfolio assets.
||0.25% to 1.00%
||0.40% to 0.85%
||0.03% to 0.05%
So, to summarize, our revenue model is of only getting the commissions from the AMCs. We do not charge advisory, transaction or any other fees from our clients. In case you need any clarification or wish to understand more on our model, please feel free to contact us over email or phone, as per the details provided in the contact section.