Disclaimer & Disclosure

Disclaimer

We offer regular plans of various mutual fund schemes to our clients. They also have the option to invest in direct plans for various mutual fund schemes. To quote AMFI, "Direct Plans are for those who prefer to invest DIRECTLY in a mutual fund scheme without the help of any distributor/agent."

Prokens Opesmetrics is AMFI-Registered Mutual Fund Distributor (ARN-37958), Initial Registration Date 18/04/2006, Current Validity 17/04/2026. Prokens Opesmetrics is an Authorized Person of PhillipCapital, Mumbai for (Cash Segment) of National Stock Exchange of India Ltd (AP Registration Code AP171405963) and BSE Ltd (AP Code AP01041601117904). AMFI Regn. No.: ARN-37958, E-mail address: info@prokens.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. Investors should make independent judgment with regard suitability, profitability, and fitness of any product or service offered herein above. Prokens Opesmetrics and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. We are distributors of Insurance and Mutual funds, Fixed Deposits and NCDs. Insurance is the subject matter of solicitation. Prokens Opesmetrics does not underwrite the risk or act as an insurer. We will follow all compliance related to KYC Circular from Regulators & Exchanges. Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Disclosure

In compliance with SEBI Circular no. SEBI/ IMD/CIR/No.4/168230/09 dated June 30, 2009, we have been disclosing to our clients all the brokerage, sales incentives, and commissions (in the form of trail commission or any other mode) payable to us for different competing schemes of various mutual funds from amongst which the schemes are recommended to you. Capital Markets regulator SEBI has now mandated that with effect from 1st October 2016 CAS issued shall also provide the amount of actual commission paid by AMCs/Mutual Funds (MFs) to distributors (in absolute terms) during the half-year period against the concerned investor’s total investments in each MF scheme. The term ‘commission’ here refers to all direct monetary payments and other payments made in the form of gifts / rewards, trips, event sponsorships etc. by AMCs/MFs to distributors. We would however continue to disclose the commission structure, in the present format as this information would serve a different purpose from CAS. We strongly believe that our relationship with you should be based on honesty, integrity, transparency and mutual trust. We also believe that higher levels of transparency are the stepping-stones for higher levels of ethical practices and would help you ultimately. We feel vindicated when you have appreciated us for such deeds in the past and we would strive to keep your trust on us intact and sacred in the future as well. As you are already aware, we have migrated to ‘all trail’ brokerage model with all the mutual fund AMCs we deal with. This arrangement means that we will receive no upfront brokerage. Trailer commission is linked to the performance of your investments and hence our gross income is directly connected to your portfolio performance. Also, the commission we receive is before adjusting for GST, the rate of which currently stands at 18%. It means for every rupee of commission that we earn, we pay to Government of India 18 paisa as GST. So, our net of GST commission is 82% of what is listed in these documents. GST is applicable on all types of commission we receive.

Here is the link to download the Prokens Opesmetrics brokerage structure applicable from Nov 2021 onwards.