Disclosures
What we are, how we are paid, and where to complain.
Most of this is required. All of it is worth reading before you invest through anyone, including us.
Registration
Renuka Investments is registered with the Association of Mutual Funds in India (AMFI) as a mutual fund distributor under ARN-193290, valid until 12 Dec 2027. Our Employee Unique Identification Number is E387239.
We are not registered with SEBI as an Investment Adviser under the SEBI (Investment Advisers) Regulations, 2013, and we do not provide investment advice for a fee.
How we are paid
We distribute regular plans of mutual fund schemes. The asset management company pays us a trail commission out of the scheme's expense ratio. The rate is set by the scheme and varies by category, so it differs across the funds you hold.
You pay us nothing directly. The commission is already reflected in the net asset value of the regular plan you hold, which is why a regular plan's returns are lower than the corresponding direct plan's.
Details of the commission we receive on the schemes you hold are available on request.
Trail commission by AMC
Annualised trail, as a percentage of the assets you hold in each category. There is no upfront commission: SEBI ended upfront payments to distributors in 2018.
| AMC | Equity | Debt | Liquid | ELSS |
|---|---|---|---|---|
| 360 ONE Mutual Fund | 0.75–1.35% | 0.05–0.25% | 0.05% | 0.25% |
| Aditya Birla Sun Life Mutual Fund | 0.20–1.25% | 0.09–1.10% | 0.10% | 0.85% |
| Axis Mutual Fund | 0.27–1.73% | 0.04–1.56% | 0.14% | 0.88% |
| Bajaj Finserv Mutual Fund | 0.50–1.60% | 0.05–1.60% | 0.08% | 1.60% |
| Bandhan Mutual Fund | 0.21–1.65% | 0.03–1.57% | 0.09% | 1.13% |
| Bank of India Mutual Fund | 0.35–1.50% | 0.03–1.35% | 0.03% | 1.25% |
| Canara Robeco Mutual Fund | 1.00–1.40% | 0.01–1.40% | 0.14% | 1.00% |
| DSP Mutual Fund | 0.20–1.41% | 0.05–0.70% | 0.11% | 1.03% |
| Edelweiss Mutual Fund | 0.35–1.65% | 0.05–1.40% | 0.05% | 1.50% |
| Franklin Templeton Mutual Fund | 0.35–1.52% | 0.03–1.39% | 0.08% | 1.10% |
| HDFC Mutual Fund | 0.15–1.37% | 0.10–1.00% | 0.10% | 0.92% |
| HSBC Mutual Fund | 0.25–1.55% | 0.08–1.55% | 0.10% | 1.30% |
| ICICI Prudential Mutual Fund | 0.05–2.50% | 0.05–1.80% | 0.20% | 1.75% |
| Invesco Mutual Fund | 0.15–1.22% | 0.05–0.71% | 0.04% | 1.08% |
| JioBlackRock Mutual Fund | 0.50–1.25% | 0.20–0.60% | 0.10–0.20% | 0.60–1.25% |
| Kotak Mutual Fund | 0.16–1.48% | 0.05–1.14% | 0.10% | 1.14% |
| Mirae Asset Mutual Fund | 0.05–1.45% | 0.10–0.85% | 0.10% | 0.85% |
| Motilal Oswal Mutual Fund | 0.10–1.80% | 0.07–0.80% | 0.15% | 1.00% |
| Nippon India Mutual Fund | 0.17–1.45% | 0.07–1.44% | 0.10% | 1.11% |
| PPFAS Mutual Fund | 0.35–0.65% | 0.30% | 0.10% | 1.10% |
| Quant MF | 0.50–1.40% | 0.05–0.95% | 0.25% | 0.75% |
| SBI Mutual Fund | 0.18–1.50% | 0.05–1.30% | 0.10% | 0.96% |
| Sundaram Mutual Fund | 0.55–1.35% | 0.10–1.35% | 0.25% | 1.35% |
| The Wealth Company Mutual Fund | 0.50–1.25% | 0.20–0.60% | 0.15% | 0.50–1.00% |
| UTI Mutual Fund | 0.10–1.60% | 0.05–1.25% | 0.05% | 1.20% |
| WhiteOak Capital Mutual Fund | 0.70–1.60% | 0.50% | 0.10% | 1.65% |
Swipe the table sideways for every category.
Where a range is shown, the rate differs between schemes within that category. The exact rate on any scheme we recommend is in your plan document before you invest.
Conflicts of interest
Because trail commission varies between scheme categories, a distributor has a financial incentive to recommend higher-commission categories. Scheme selection is aligned to your goals, time horizon and risk profile, and commission details are available to you on request.
SEBI does not permit upfront commissions on mutual fund distribution; we are paid trail commission only.
We work with ICICI Prudential Life Insurance as an Insurance Agent. Insurance is not distributed under our AMFI ARN, and Renuka Investments is not an insurance company. We do not present an insurance policy as a substitute for an investment.
What we do not do
We do not manage your money, hold custody of it, or have the ability to transact in your folios without your authorisation. All investments are made in your own name, through registered platforms, with units held directly with the registrar.
We do not guarantee returns, and any statement to the contrary made by any person on our behalf is unauthorised.
We do not sell, rent or share your personal data with third parties for marketing.
Grievance redressal
Write to shantanubarbademf@gmail.com or call +91 80103 19495. We will acknowledge your complaint and work to resolve it promptly.
If you are not satisfied with our response, you may escalate to the relevant asset management company's investor relations officer, and thereafter to SEBI through the SCORES portal at scores.sebi.gov.in or the SEBI toll-free helpline.
Complaints regarding a distributor's conduct may also be raised with AMFI at amfiindia.com.
About the calculators on this site
Every calculator on this site performs arithmetic on assumptions you enter. The outputs are illustrations of compound growth, not projections, forecasts or guarantees of any scheme's performance.
Unless stated otherwise, calculator outputs are before tax and before exit load, and assume a constant rate of return that no real market delivers.
Mutual fund investments are subject to market risks. Read all scheme related documents carefully.
Last updated October 2026.