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Frequently Asked Questions by IFAs

How frequently do you pay brokerage?

The brokerage is paid to you on fortnightly basis. Upfront commission is paid twice a month and Trial commission is paid once a month.

How will I receive my brokerage payment?

We pay commission through any of the following modes, depending on your bank particulars:

  • Direct Credit with select Banks namely – AXIS Bank, HDFC Bank, ICICI Bank, Standard Chartered Bank, Citibank and IDBI Bank.
  • AXIS Bank Reward Card
  • Electronic Clearing Service (ECS)
  • Warrants
How will I receive the confirmation when my brokerage amount is released?

We send communication to the distributors in the form of the following:

  • SMS – Where mobile numbers are provided by the distributor
  • Email – Where email IDs are provided by the distributor
  • Covering Letter along with commission & business summary
  • Brokerage Statement or CD depending upon the size of the statement.
What should I do to ensure that I continuously receive my brokerage for a particular month / fortnight?

To make sure you receive your commission amount on time and without any inconvenience, you must ensure you have submitted the following documents with us:

  • ARN Renewal: Ensure that your ARN is valid for a period of 5 years. Please renew your ARN 6 months prior to the expiry of the validity date of your ARN card.
  • Bank Details: Please provide your complete address details for receiving the brokerage amount on time in your respective bank account.
  • Complete Address: Please provide your complete address details so that you receive your commission cheque / statement in your communication address on time.
  • Self – Certification: This is a certificate every distributor / IFA must submit every year before the close of the financial year I.e. before April every year. This certificate format is available at any of our branches / UTI Financial Center. This is required to ensure that the agent abides by the SEBI and AMFI norms for distributing the products of UTI Mutual Fund.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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