TPP Incentive Policy
Applicability:
The following Incentive structure is applicable for Retail Broking employees.
Applicable period:
This policy is effective from 1st October 2015.
Third Party Product: The Third Party Product basket includes NCD/ Bonds, Mutual Funds/ NFO,
IPOs, Corporate Fixed Deposits, PMS etc.
The Incentive Structure:
The employee would be incentivized based on their Cross Sales activity and measured by revenue
generated through Third Party products.
Flat 20% of the revenue generated through Third Party products will be paid as TPP incentive.
Method of Revenue Credit for the purpose of Incentive calculation:
1. The revenue would accrue after 45-60 days once we receive revenue from the
principals (Distribution Team, Karvy Capital, AMCs, Primary Issuers etc…)
2. In case of Physical applications procurer will get revenue credit based on IRIS Entry.
3. In case the client trades online - primary owner will get the credit.
4. In case the clients take trade execution support the revenue accrued will be based on
Cheque punching or Trade execution whichever is earlier.