Soft-dollar arrangement refers to an arrangement between AMCs and brokers in which the AMC executes trades through a particular broker. In turn, the broker may provide benefits such as free research, hardware, software or even non-research-related services, etc., to the AMC. It is hereby confirmed such arrangements between Union Asset Management Company Private Limited (“the AMC”) and its brokers are limited to only benefits (like a free research report, etc.) that are in the interest of investors.
