Investor Policies & Disclosures
Risk Factors
Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing.
The NAV of the units issued under the schemes of mutual funds can go up or down depending on the factors and forces affecting securities markets including the fluctuations in the interest rates, trading volumes, settlement periods, transfer procedures, and performance of individual securities, changes in interest rates and other economic conditions.
Key Risk Categories
- Market Risk: The value of securities in a portfolio may decline due to movements in market prices caused by factors such as economic conditions, government policies, political events, and investor sentiment. Equity schemes are particularly susceptible to market volatility.
- Credit Risk: The possibility that an issuer of fixed-income securities held in the portfolio may default on coupon payments or fail to repay the principal amount on time. This risk is especially relevant in debt and hybrid mutual fund schemes.
- Interest Rate Risk: When interest rates rise, bond prices generally fall, which impacts the NAV of debt-oriented funds. Longer-duration instruments carry higher interest rate sensitivity.
- Liquidity Risk: The risk that a scheme may not be able to liquidate its holdings in a timely manner at a fair market price, particularly during periods of market stress or in the case of thinly-traded securities.
- Concentration Risk: If a portfolio is heavily concentrated in a particular sector, theme, or a few securities, adverse events in that area can significantly impact the scheme's NAV.
- Inflation Risk: The risk that returns from investments may not keep pace with inflation, thereby reducing the real purchasing power of the invested capital over time.
- Currency Risk: For international or foreign fund-of-funds, fluctuations in foreign exchange rates can impact the NAV of the scheme.
- Scheme-Specific Risk: Risks arising from sectoral, thematic, small-cap, mid-cap, or international exposure, as described in the respective scheme offer documents (SID/SAI).
Past performance is not indicative of future results. There is no assurance or guarantee that the investment objective of any Mutual Fund scheme will be achieved. Returns are neither assured nor guaranteed.
Investors are advised to read the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) carefully before making any investment decision.
For comprehensive educational material on mutual fund risks, visit AMFI: amfiindia.com — Risk in Mutual Funds
Scheme Documents — SID / KIM / SAI
Before investing in any mutual fund scheme, investors must carefully read and understand the legal and operational scheme documents:
- Scheme Information Document (SID): Contains essential information about the scheme, including investment objectives, asset allocation, investment strategies, risk factors, fees, and expense structure.
- Key Information Memorandum (KIM): A summary version of the SID containing key information that an investor must know before making an investment.
- Statement of Additional Information (SAI): Contains statutory information about the Mutual Fund and AMC, including legal constitution, financial statements, and track record.
The latest scheme-related documents are freely available on the official websites of the respective Asset Management Companies (AMCs) and on regulatory repositories:
Commission Disclosure & Remuneration
Devashish Wealth PVT LTD is an AMFI-registered Mutual Fund Distributor (ARN-15848, EUIN-E184597). We deal exclusively in Regular Plans of Mutual Fund Schemes.
We receive trailing commission directly from the respective Asset Management Companies (AMCs) for mutual fund distribution and investor servicing. These commissions are embedded in the Total Expense Ratio (TER) of the regular plans as permitted under SEBI regulations and are not billed separately to the investor.
- Investors may note that Direct Plans (with lower expense ratios) are available for all mutual fund schemes and can be accessed directly through the AMC's website or offices.
- The commission received by us from various AMCs is disclosed below and is available upon request.
- All commissions and brokerage received are in accordance with the applicable SEBI/AMFI guidelines and are subject to change as per AMC policies.
Indicative Trail Commission Ranges (as per AMFI guidelines):
| Scheme Category | Indicative Trail Commission Range (p.a.) |
|---|---|
| Liquid / Overnight Schemes | 0.02% – 0.10% |
| Debt / Money Market Schemes | 0.05% – 0.70% |
| Arbitrage Schemes | 0.10% – 0.70% |
| Index Funds / ETFs | 0.05% – 0.70% |
| Hybrid Schemes | 0.10% – 1.30% |
| Equity Schemes | 0.35% – 1.40% |
* Note: The commission ranges stated above are indicative and subject to changes based on AMC empanelments, AUM tiers, and SEBI regulations. Applicable taxes (GST) are deducted as per prevailing laws.
Direct Plan Alternative: Investors are informed that Direct Plans for every mutual fund scheme are available with lower expense ratios since they do not include distributor commission. We do not distribute, transact, or earn any commission on Direct Plans.
No Advisory Fee: We do not offer fee-based investment advisory services and do not charge any fee directly to the client for mutual fund distribution.
AMC-wise Brokerage / Commission Structure
The following document contains the detailed AMC-wise brokerage and commission structure applicable to our distribution services:
* Brokerage / commission structures are as furnished by respective AMCs and are subject to change. Please refer to the latest documents for accurate information.
Investor Grievance Redressal & Escalation Matrix
We are committed to providing prompt and effective investor service. If you have any complaint, query, or grievance regarding your mutual fund distribution services, please follow our structured escalation hierarchy below.
Escalation Matrix (3 Levels)
| Level | Designation | Scope / When to Escalate | Response TAT | Contact Details |
|---|---|---|---|---|
| Level 1 | Relationship Manager / Compliance Officer | First point of contact. Handles queries on transaction status, SIP/STP/SWP, statements, KYC / bank / nominee updates and general service requests. | Within 24 hours |
Mayur Panchal 9825975929 Mayur@devashish.com |
| Level 2 | Head – Operations | Escalate if L1 has not resolved within TAT, or for repeat issues, RTA/AMC-related delays, failed SIP debits, and brokerage or payout discrepancies. | Within 2 working days |
Viral Naik 9879684987 viral@devashish.com |
| Level 3 | MD & CEO | Escalate if L2 has not resolved within TAT, or for formal complaints, regulatory matters, mis-selling allegations, or issues with significant financial impact. | Within 3 working days |
Ashish Desai 9825122488 ashish@devashish.com |
Issue-wise Escalation Path
| Issue Category | Level 1 | Level 2 | Level 3 |
|---|---|---|---|
| Transaction not reflected / allotment delay | Operations Executive | Head – Operations | Compliance Officer / MD & CEO |
| SIP registration, mandate or failed debit | SIP Desk Executive | Manager – Operations (MIS & SIP) | Head – Operations |
| Brokerage / commission / incentive payout query | Accounts Executive | Head – Finance & Accounts | MD & CEO |
| Client complaint or grievance | Customer Service Executive | Customer Service Manager | Compliance Officer |
| KYC / regulatory / AML query | Compliance Executive | Compliance Officer | Principal Officer / MD & CEO |
| Platform, app or reporting tool issue | IT Support Executive | Head – Technology | MD & CEO |
| Partner / sub-broker onboarding or dispute | Regional Manager | Head – Sales & Business | MD & CEO |
Escalation Rules
- Every query or complaint is logged with a unique ticket number, date and time before it is escalated.
- Escalate to the next level automatically if the TAT of the current level is breached; do not skip levels unless the matter is urgent or regulatory.
- Each level updates the client or partner at least once per working day until closure.
- Complaints touching regulatory, legal or reputational risk are informed to the Compliance Officer immediately, whatever the current level.
- All escalations, resolutions and TAT breaches are reviewed in a monthly MIS by the Head – Operations and the Compliance Officer.
- If a client complaint remains unresolved after Level 3, the client may approach the concerned AMC/RTA or lodge it on the SEBI SCORES portal.
Organizational Chart
Ashish Desai
- Regional Managers
- Relationship Managers
- Partner / Sub-broker Network (IFAs)
- Business Development Executives
- Platform / App Support
- Data & Reporting Tools
- Cybersecurity & Backups
- Vendor Management
9825975929
Mayur@devashish.com
- Customer Service Manager
- Service Executives / Call Centre
- Grievance Handling Desk
- Onboarding Support
- Transaction Processing Team
- SIP / STP / SWP & Mandate Desk
- MIS & Reporting Analysts
- AMC / RTA Reconciliation
9825975929
Mayur@devashish.com
- KYC & AML Team
- Regulatory Filings (SEBI / AMFI)
- Audit & Risk
- Complaint Register
9825122488
ashish@devashish.com
- Brokerage / Trail Reconciliation
- Commission & Incentive Payouts
- Accounts & Taxation
- Invoicing to AMCs
9879684987
viral@devashish.com
Regulatory Disclosures & Registration Details
1. Distributor Identification & Status
| Distributor Name | Devashish Wealth PVT LTD |
| AMFI Registration Number (ARN) | ARN-15848 |
| EUIN | EUIN-E184597 |
| Registration Category | AMFI-registered Mutual Fund Distributor (Individual) |
| Date of Initial Registration | 22 NOV 2008 |
| Current Validity | 2 June 2024 to 1 June 2027 |
2. Empanelled AMCs & Platforms
Devashish Wealth PVT LTD is empanelled with leading SEBI-registered Asset Management Companies (AMCs) across India to distribute mutual fund schemes.
3. AMFI Code of Conduct Compliance
As an AMFI-registered Mutual Fund Distributor, we strictly adhere to the AMFI Code of Conduct for Intermediaries of Mutual Funds, including high standards of integrity, suitability-based distribution, conflict-of-interest avoidance, and client confidentiality.
You may review the official AMFI Code of Conduct here: Official AMFI Code of Conduct
4. Important Regulatory Notes
- Mutual Funds are not Exchange traded products and all disputes with respect to the distribution activity would not have access to Exchange investor redressal forum or Arbitration Mechanism.
- Mutual Fund investments are not bank deposits and are not guaranteed by the bank or its affiliates.
- Investments in mutual funds are subject to market risks. The NAV of mutual fund units can go up or down.
- Devashish Wealth PVT LTD is not responsible for any losses arising from the investment decisions made by investors based on the information provided.