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Minimum brokerage amountNo. of comments:4 premanshu das, howrah, 5179 On 18-Jul-2014

At present all AMCs are paying monthly brokerage. I want to know is there any minimum amount in brokerage payment per month otherwise the AMC clear the commission in next month with adding the commission of next month

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Comments Posted

g.somasundaram ARN NO :16932 nagercoil , 24 Jul 2014

it is ackceptable

Rajesh ARN NO :12034 Indore, 24 Jul 2014

To payout brokerage, AMC instructions are that the minimum cheque amount needs to be equal or greater than: Birla Sun Life Mutual Fund 200.00 L&T Mutual Fund 250.00 DSP BlackRock Mutual Fund 500.00 HDFC Mutual Fund 1.00 HSBC Mutual Fund 1.00 ICICI Prudential Mutual Fund 500.00 IDFC Mutual Fund 250.00 ING Vysya Mutual Fund 100.00 Kotak Mutual Fund 1000.00 PineBridge Mutual Fund 500.00 SBI Mutual Fund 100.00 Tata Mutual Fund 250.00 Union KBC Mutual Fund 500.00

Navin Kumar ARN NO :83441 Patna, 24 Jul 2014

In a direct credit era all AMCs are releasing per month brokerage irrespective of the amount.

Sam Koshy ARN NO :5727 KOLLAM, 23 Jul 2014

Dear Premanshu Das, it depends upon the sole discretion of AMCs. Some AMCs fix it at Rs 500/-, some AMCs don''t have such restriction and they release whatever amount arrive at the month end. Earlier , AMCs used to send brokerage cheque to distributors. If the amount is low the cost of postage& processing are not justified, that may be a reason to hold and carry forward to next month. But now payments are credited directly to the distributors account, so , relatively lesser cost . That''s why more AMCs are releasing the amounts immediately.