Last updated: 1 January 2026
MBHV Investment (Proprietor: Mukesh Chhabra) is an AMFI registered mutual fund & SIF distributor (ARN-45013, EUIN E052107). When you invest through us in a regular plan of a mutual fund scheme, the Asset Management Company (AMC) pays us a distribution commission — either as an upfront commission, a trail commission calculated as a percentage of assets under management over time, or a combination of the two, depending on the scheme and AMC. This commission is paid by the AMC out of the scheme's expense ratio; it is not an additional charge deducted separately from your investment.
Every open-ended mutual fund scheme in India is available in two variants: a Regular Plan, which includes distributor commission within its expense ratio, and a Direct Plan, which does not, and typically carries a lower expense ratio as a result. Investors who invest directly with the AMC (bypassing a distributor) choose the Direct Plan and forgo distributor commission and support.
Because Regular Plans carry a marginally higher expense ratio than the equivalent Direct Plan, the reported NAV and long-run returns of a Regular Plan are typically somewhat lower than the same scheme's Direct Plan, over time. In exchange, investing through a distributor like us includes support with scheme selection, KYC, paperwork, transaction processing and after-investment servicing.
Specialised Investment Fund (SIF) strategies may carry a different fee structure than traditional mutual funds, including management and performance-linked fees specific to the strategy, as set out in that strategy's Information Document. Where we facilitate distribution of a SIF strategy, any applicable distribution commission will be disclosed to you at the time of investment, in the same spirit of transparency as our mutual fund commission disclosures above.
We do not charge you a separate advisory or planning fee for mutual fund or SIF distribution — our compensation comes solely from the commission described above. We are not SEBI-Registered Investment Advisers.
If you would like scheme-wise or strategy-wise commission details for the specific funds you hold with us, write to chhabra05mukesh@gmail.com and we will share the applicable commission structure for your folios.
