Comission Disclosures
We at PivotalFlow Financial operated by Nikhil Suresh Khatiwala AMFI Registration No. ARN-54387, believe in complete transparency. We do not charge investors any separate fees; instead, we receive trail commission from Asset Management Companies (AMCs) for the services we provide. The trail commission is calculated on the value of investments held through us and is paid from the scheme’s Base Expense Ratio (BER); it is not separately charged to the investor or deducted from the investment amount. We offer Regular Plans of mutual fund schemes, which include such commission. We do not offer or accept business in any product carrying an assured, guaranteed, or indicative return, and we receive no payment from investors or AMCs other than the trail commission disclosed here. In accordance with SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09, the category/scheme-wise commission earned by SFPL from various AMCs is provided below.
For the detailed scheme-wise commission on Mutual Funds as of September 2026, please click here
The commission rates provided are indicative and updated based on information received from the respective Asset Management Companies (AMCs). Rates are subject to applicable GST, clawback, and revision by AMCs from time to time without prior notice. The scheme-wise disclosure above sets out the applicable commission rates for individual schemes and may be relied upon for reference. A printed copy is also available at our office upon request.
PivotalFlow Financial has opted out of transaction charges; accordingly, no transaction charges will be deducted by AMCs for transactions under Nikhil Suresh Khatiwala's ARN code. This information is for general information only and does not constitute investment, financial, legal, or tax advice. Mutual fund investments are subject to market risks, and investors should carefully read all scheme-related documents before investing. Mutual fund prices and NAVs may fluctuate based on market conditions, and past performance does not guarantee future results.
Any investment proposals prepared by PivotalFlow Financial are based on information provided by the client and their stated objectives and preferences. Clients may accept or reject such proposals and should consult appropriate legal, investment, and tax advisors before making investment decisions.
Brokerage Disclosure in CAS: The brokerage paid to mutual fund distributors is mentioned in the Consolidated Account Statement (CAS) sent to investors, for the half-year ending in March or September, the CAS includes gross commissions paid by mutual funds and AMCs. This includes direct payments and benefits like gifts, rewards, trips, or event sponsorships.
Commission Calculations: Trail commissions are calculated daily based on the distributor’s assets under management (AUM) and paid monthly. These commissions come from the expense ratio, which is deducted daily. Investors don’t bear additional costs, as funds explicitly disclose the expense ratio. No hidden fees impact the Net Asset Value (NAV). Distributors earn commissions as long as the investor remains in the fund. Distributors pay *18% GST on the payouts they receive from mutual funds.