For the last 3 years, Sqrrl was completely free and didn't make any money from customer transactions or from the AMC. As a platform for direct mutual funds, we never charged a humongous distribution fee or commission from the customer/AMC. With our latest V4, we introduced a small transaction fee of Rs. 25 and added GST. This small transaction fee makes it easier for us to conduct the transaction smoothly between the customer and the AMC. You will appreciate that this is a very nominal amount we charge for the host of financial services that we provide.