‘‘Chatbot’ and ‘WhatsApp’ for Investors – Terms of Use”
The SEBI vide its circular ref. no. SEBI/HO/IMD/DF2/CIR/P/2016/42 dated March 18, 2016 has required AMCs to make disclosure with respect to “Soft Dollar Arrangements” with brokers. Soft Dollar arrangements refers to an arrangement between AMCs and brokers in which the AMC executes trades through a particular broker and in turn the broker may provide benefits such as free research, hardware, software or even non-research-related services etc., to the AMC that are in the interest of investors and the same should be suitably disclosed.
In this regard , it may be noted that UTI Asset Management Company Ltd. ( UTI AMC) does not have any Soft-Dollar arrangements with any of its brokers . However brokers may on voluntary basis provide free research reports, which might be one of the inputs in fund management process. We do not have any liability to use the services of any broker in lieu of these research reports.
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