As per SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/42 dated March 18, 2016, Soft-dollar arrangement 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
IDBI Asset Management Limited (“AMC”) receives benefits (like free research report on fundamental/technical/economical analysis on individual companies, daily market updates, etc.) from brokers (empanelled with AMC or not).It is confirmed that these benefits are in the interest of investors. However, we do not have any liability to use the services of any broker in lieu of these benefits.
