Niraj Pandey (ARN - 98693) is committed to complete transparency in all commission and fee disclosures. This page is prepared in accordance with AMFI Master Circular Chapter 4(c)(f) which mandates all AMFI-registered Mutual Fund Distributors to disclose their commission earnings to investors. We believe every investor has the right to know how their distributor is compensated.
Our Commission Model
Trail Commission Only — We receive trailing commission from AMCs. No direct fees charged to investors.
Commission Rate Overview — By Fund Category
Important Note: The rates shown below are approximate indicative ranges. Actual commission rates vary by AMC, specific scheme, AUM slab, and are subject to change. Exact AMC-wise rates are available on demand — contact us at niraj.pandey69@gmail.com or 8827808392.
Fund Category & Sub-Category
Risk Level
Typical Horizon
Trail Rate Range (p.a.)
Commission Type
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Equity Funds
Large Cap, Mid Cap, Small Cap, Flexi Cap, ELSS, Thematic, Sectoral
Short Duration, Corporate Bond, Banking & PSU, Gilt, Credit Risk
Low-Moderate Risk
1-3 Years
0.20% - 0.60%
Trail Only
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Liquid / Overnight
Liquid, Overnight, Ultra Short Duration, Money Market
Low Risk
Less than 1 Year
0.05% - 0.15%
Trail Only
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Passive / Index Funds
Index Funds, ETFs, Fund of Funds (Passive)
Market Risk
3+ Years
0.10% - 0.40%
Trail Only
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Solution Oriented Funds
Retirement Fund, Children's Fund
Moderate-High Risk
5+ Years (Lock-in applies)
0.50% - 1.20%
Trail Only
✓ What This Means for You as an Investor
The commission rates shown above are part of the Total Expense Ratio (TER) of the scheme. They are NOT an additional charge to you. The same amount would be part of the scheme's expense even if you invest through a different distributor. You can verify the exact TER of any scheme at amfiindia.com.
Empanelled AMC Commission Disclosure Documents
Updated periodically per Financial Year cycles (Apr–Jul | Aug–Nov | Dec–Mar)
All fund recommendations are based strictly on your risk profile, financial goals, and investment horizon — never on commission rates received from AMCs.
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No Hidden Charges
There are no hidden charges, transaction fees, or distributor charges beyond what is disclosed on this page. What you see is what you get.
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No Non-Cash Benefits
We do not receive any non-cash benefits, gifts, sponsored trips, or incentives from any AMC that could create a conflict of interest in our recommendations.
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CAS Transparency
The exact commission earned by Niraj Pandey on your investments is visible in your Consolidated Account Statement (CAS) from CAMS, KFintech, or MF Central.
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Direct Plan Option
Direct Plans are available at lower expense ratios through AMC portals or MF Central. Niraj Pandey deals in Regular Plans and does not facilitate Direct Plan investments.
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Quarterly Updates
This commission disclosure is reviewed and updated periodically. AMC-wise exact rates are available on request at any time.
Practices We Strictly Prohibit
Recommending schemes based on higher commission rates instead of investor suitability
Accepting upfront commissions or any form of commission that is not trail-based
Receiving non-cash benefits, gifts, or incentives from any AMC
Splitting investor applications to earn higher transaction charges
Concealing commission information from investors when asked
Where to Verify Commission Information
Resource
What You Can Verify
Link
Your CAS Statement
Exact commission earned by Niraj Pandey on your investments
mfcentral.com | camsonline.com
AMFI Website
TER and commission rates disclosed by each AMC
amfiindia.com
Respective AMC Website
Scheme-wise TER and expense ratio
Individual AMC websites
SEBI SCORES
File complaint if commission not disclosed properly
scores.sebi.gov.in
📋 Note: Full Commission Details Available on Demand
This page provides a category-wise overview of approximate commission ranges for ease of understanding. The exact and complete AMC-wise commission rates, scheme-specific rates, and detailed fee structure are available on demand.
As an investor, you have the right to know the exact commission earned by Niraj Pandey on any specific scheme before or after investing. We will provide complete AMC-wise, scheme-wise commission details within 24 hours of your request — no questions asked.
Regulatory Reference: This disclosure is prepared as per AMFI Master Circular Chapter 4(c)(f) dated January 2026 and SEBI guidelines on commission disclosure. AMFI Master Circular: amfiindia.com → AMFI Master Circular MFDs 2026 ↗
Last Updated: October 2026 | Reviewed periodically as per AMFI guidelines | Subject to change as per AMC rate revisions.