Disclosure of Interest
How we are paid, what conflicts that creates, and what we do about them.
On this page
Why this page exists
Anyone recommending a financial product should tell you how they are paid for it. This page does that. If anything here is unclear, ask us — we will answer.
Our registration
- Trade name
- Money Pathshala (sole proprietorship)
- ARN holder (individual)
- Money Pathshala — the registration is held personally
- AMFI Registration Number
- ARN-000000
- ARN valid till
- 31-Mar-2027
- EUIN
- E000000
- Registered address
- PU-4, Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh 452010
- Capacity
- Mutual Fund Distributor — regular options
How we earn from mutual funds
We receive commission from the Asset Management Company whose scheme you invest in through us. This is paid out of the scheme's expense ratio; it is not an additional charge deducted from your investment amount, and we do not invoice you separately.
Commission comes in two forms: an upfront element (where applicable under prevailing regulations) and a recurring trail commission calculated on the value of your holding for as long as it remains invested under our ARN.
Rates differ between categories. Equity schemes typically carry higher trail commission than debt or liquid schemes. This is a real conflict of interest, and we name it rather than hide it.
Regular and direct options
Every mutual fund scheme in India is available in two variants:
| Regular Option | Direct Option | |
|---|---|---|
| Distributor commission | Included in the expense ratio | None |
| Expense ratio | Higher | Lower |
| Portfolio held | Identical | Identical |
| NAV | Slightly lower over time | Slightly higher over time |
| Service and paperwork | Provided by the distributor | Handled by you |
We distribute regular options. Direct options are available to you at any time, directly from the AMC or through SEBI-registered entities offering personalised recommendations. You are entirely free to use them.
Ask us the number
You may ask us the commission we earn on any specific scheme, at any time, before or after you invest. We will tell you. AMFI's disclosure of commission paid to distributors is also published on the AMFI website, and your half-yearly consolidated account statement discloses the commission attributable to your folios.
Insurance, loans and deposits
Where you take an insurance policy, a loan or a deposit through our referral, we may receive commission or a referral fee from the insurer, lender or issuer. As with mutual funds, this is paid by the provider and not charged to you separately.
These products are contracts between you and that provider. We do not underwrite, sanction, price or settle anything.
What we do about the conflict
- We recommend on the basis of your goal, horizon and risk profile — recorded in writing before any recommendation is made.
- We disclose commission on request, before investment.
- We do not churn portfolios. Switching schemes to generate fresh commission is a breach of the AMFI Code of Conduct and we do not do it.
- We do not rebate commission to investors, which is prohibited under AMFI guidelines.
- We tell you when a product is not suitable, including when that means no transaction.
What we do not do
- We do not charge investors a fee for personalised recommendations — we are not registered to do so.
- We do not accept cash from clients under any circumstances.
- We do not hold client funds or securities in our own name or in any pooled account.
- We do not offer, and cannot offer, any assured or guaranteed return.
Last updated: ·
Money Pathshala · ARN-000000 · Client Desk ·
info@moneypathshala.com · +91 95751 15624
PU-4, Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh 452010
