FUND SELECTION AND REVIEW POLICY​

How Schemes Are Selected

We maintain a reviewed list of schemes across equity, hybrid, debt, liquid and passive categories from our empanelled AMCs. Schemes are evaluated on quantitative parameters — consistency of returns against the benchmark and category over 3-year and 5-year periods, downside performance, expense ratio, portfolio quality and assets under management — and qualitative parameters, namely the fund house's track record, the fund manager's tenure and the investment process.

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How Recommendations Are Made 

A scheme is recommended to an investor only when it appears in our reviewed list and its Riskometer level is permitted for the investor's risk category under our Suitability Matrix. The [recommendation], along with its basis, is recorded in the client's file. General and scheme-specific risks from the Scheme Information Document, Key Information Memorandum and Riskometer are explained before the investment.

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Portfolio Review

Client portfolios are reviewed on quarterly review calls and formally at least once a year. The review covers performance of held schemes against benchmarks, continued suitability against the investor's risk category and goals, asset allocation drift, and any scheme-level changes such as a change in fund manager, fundamental attributes or Riskometer level. Actions arising from the review are recorded and communicated to the investor.

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What We Do Not Do

• We do not promise or indicate any assured or guaranteed return on any scheme.

• We do not use any projection above 12% per annum in illustrations, as per AMFI Best Practices Guidelines.

• We do not [recommend] schemes outside the investor's risk category without a written unsuitability process.

• We do not offer Direct Plans; investors are informed of their right to invest in Direct Plans directly with AMCs.