Fee Calculator
Visualize how performance fees impact your investment returns across different scenarios
One Year Fixed
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| Fixed Fee Illustraion | Scenario 1: 20% Gain | Scenario 2: -20% Loss | Scenario 3: No Change |
|---|---|---|---|
| Capital Contributed / Assets under Management | |||
| Gain / (Loss) on Investment based on the Scenario | |||
| Gross Value of the Portfolio at the end of the year | |||
| Average assets under management | |||
| Other Expense | |||
| Brokerage and Transaction cost | |||
| Management Fees | |||
| Total charges during the year | |||
| Net value of the Portfolio at the end of the year | |||
| % Portfolio Return |
Notes:
- In the illustration, Management fee is assumed to be charged annually. However, the Portfolio Manager can charge fee at any frequency i.e. Daily, Monthly, Quarterly, Semi-annually, Annually or at any other frequency as defined in the PMS agreement and as permitted under SEBI regulations.
- Portfolio Manager can charge Management Fee on Average portfolio value for the management fee period or the closing portfolio value or in any other manner as defined in the PMS agreement.
- Returns are assumed to be generated linearly through the year.
- Brokerage and transaction cost for the illustration purpose is charged on the Average AUM. However, Brokerage and Transaction cost are charged on basis the actuals trades.
- All Fees and charges are subject to GST.
- This is only a generic illustration, each portfolio manager can modify the illustration as per the terms and condition of their PMS agreement.
- Portfolio Managers are advised to also refer to the illustrations provided in Annexure 4A of Master Circular for Portfolio Managers dated June 07, 2024.
One Year Hybrid
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| Hybrid Fee Illustration | Scenario 1: 20% Gain | Scenario 2: -20% Loss | Scenario 3: No Change |
|---|---|---|---|
| Capital Contributed / Assets under Management | |||
| Gain / (Loss) on Investment based on the Scenario | |||
| Gross Value of the Portfolio at the end of the year | |||
| Average assets under management | |||
| Other Expense | |||
| Brokerage and Transaction cost | |||
| Management Fees | |||
| Total charges before Performance fee | |||
| Gross Value of the Portfolio before Performance fee | |||
| High Water Mark Value (HWM) (Capital contributed for 1st year and second year onwards as defined in the PMS agreement. | |||
| Hurdle Rate of return or as defined in the PMS agreement | |||
| Gross Value of the Portfolio before Performance fee is greater than High Water Mark Value + Hurdle rate of return | |||
| If Yes, proceed to performance fee calculation else 0 (zero) performance fee for the period) | |||
| Portfolio return subject of Performance Fee | |||
| Performance fee | |||
| Net value of the Portfolio at the end of the year after all fees and expenses | |||
| % Portfolio Return | |||
| High Water Mark to be carried forward for next year | |||
Notes:
- In the illustration, Management fee is assumed to be charged annually. However, the Portfolio Manager can charge fee at any frequency i.e. Daily, Monthly, Quarterly, Semi-annually, Annually or at any other frequency as defined in the PMS agreement and as permitted under SEBI regulations.
- Portfolio Manager can charge Management Fee on Average portfolio value for the management fee period or the closing portfolio value or in any other manner as defined in the PMS agreement.
- Returns are assumed to be generated linearly through the year.
- Other Expenses includes Account Opening charges, stamp duty /Audit Fee/ Bank charges / Fund Accounting charges / Custody Fee / demat charges or other miscellaneous expense
- Brokerage and transaction cost for the illustration purpose is charged on the Average AUM. However, Brokerage and Transaction cost are charged on basis the actuals trades.
- All Fees and charges are subject to GST.
- For this illustration, High Water Mark for the 1st Year is the Capital invested and from second year onwards if performance fee is charged, it’s the year end closing value after all charges and fees, else it remains the same. However, in actual, High Water Mark is defined in the PMS agreement and may differ from this illustration.
- For this illustration, Hurdle rate is calculated on Higher of (HWM or previous year closing capital). However, in actual Hurdle Rate of return is defined in the PMS agreement and may differ from this illustration.
- Hurdle rate is prorated in case the performance fee period is less than 1 year OR if there are inflow/outflows from the portfolio
- The above illustration shows the High Water Mark to be carried forward in different scenario for equal and fair treatment to the investor.
- This is only a generic illustration, each portfolio manager can modify the illustration as per the terms and condition of their PMS agreement.
- Portfolio Managers are advised to also refer to the illustrations provided in Annexure 4A of Master Circular for Portfolio Managers dated June 07, 2024.
One Year Variable
₹
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| Hybrid Fee Illustration | Scenario 1: 20% Gain | Scenario 2: -20% Loss | Scenario 3: No Change |
|---|---|---|---|
| Capital Contributed / Assets under Management | |||
| Gain / (Loss) on Investment based on the Scenario | |||
| Gross Value of the Portfolio at the end of the year | |||
| Average assets under management | |||
| Other Expense | |||
| Brokerage and Transaction cost | |||
| Management Fees | |||
| Total charges before Performance fee | |||
| Gross Value of the Portfolio before Performance fee | |||
| High Water Mark Value (HWM) (Capital contributed for 1st year and second year onwards as defined in the PMS agreement. | |||
| Hurdle Rate of return or as defined in the PMS agreement | |||
| Gross Value of the Portfolio before Performance fee is greater than High Water Mark Value + Hurdle rate of return | |||
| If Yes, proceed to performance fee calculation else 0 (zero) performance fee for the period) | |||
| Portfolio return subject of Performance Fee | |||
| Performance fee | |||
| Net value of the Portfolio at the end of the year after all fees and expenses | |||
| % Portfolio Return | |||
| High Water Mark to be carried forward for next year | |||
Notes:
- In the illustration, Management fee is assumed to be charged annually. However, the Portfolio Manager may charge fee at any other frequency (i.e. Quarterly, Semi-annually, Annually) as defined in the PMS agreement and as permitted under SEBI regulations.
- Portfolio Manager can charge Management Fee on Average portfolio value for the management fee period or the closing portfolio value or in any other manner as defined in the PMS agreement and permitted under SEBI regulations.
- Returns are assumed to be generated linearly through the year.
- Other Expenses includes Account Opening charges, stamp duty /Audit Fee/ Bank charges / Fund Accounting charges / Custody Fee / demat charges or other miscellaneous expense
- Brokerage and transaction cost for the illustration purpose is charged on the Average AUM. However, Brokerage and Transaction cost are charged on basis the actuals trades.
- All Fees and charges are subject to GST.
- For this illustration, High Water Mark for the 1st Year is the Capital invested and from second year onwards if performance fee is charged, it’s the year end closing value after all charges and fees, else it remains the same. However, in actual, High Water Mark is defined in the PMS agreement and may differ from this illustration.
- For this illustration, Hurdle rate is calculated on Higher of (HWM or previous year closing NAV). However, in actual Hurdle Rate of return is defined in the PMS agreement and may differ from this illustration.
- Hurdle rate is prorated in case the performance fee period is less than 1 year OR if there are inflow/outflows from the portfolio
- The above illustration shows the High Water Mark to be carried forward in different scenario for equal and fair treatment to the investor.
- This is only a generic illustration, each portfolio manager can modify the illustration as per the terms and condition of their PMS agreement.
- Portfolio Managers are advised to also refer to the illustrations provided in Annexure 4A of Master Circular for Portfolio Managers dated June 07, 2024.
4 Muti Year Hybrid
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| Fees | Year 1: 20% Gain/Loss | Year 2: -10% Gain/Loss | Year 3: 40% Gain/Loss | Year 3: 25% Gain/Loss | Year 5: 5% Gain/Loss |
|---|---|---|---|---|---|
| Capital Contributed / Assets under Management | |||||
| Gain / (Loss) on Investment based on the Scenario | |||||
| Gross Value of the Portfolio at the end of the year | |||||
| Average assets under management | |||||
| Other Expense | |||||
| Brokerage and Transaction cost | |||||
| Management Fees (@ 1%) | |||||
| Total charges during the year (Sum of v, vi and vii) | |||||
| Value of the Portfolio before Performance fee | |||||
| High Water Mark Value (HWM) | |||||
| Hurdle Rate of return | |||||
| Portfolio value in excess of Hurdle Rate Return | |||||
| Profit share of the PMS | |||||
| Profit Share To be taken by PMS | |||||
| Is the Performance Fee charged? | |||||
| Net value of the Portfolio at the end of the year after all fees and expenses | |||||
| % Portfolio Return | |||||
| High Water Mark to be carried forward for next year |
Notes:
- In the illustration, Management fee is assumed to be charged annually. However, the Portfolio Manager can charge fee at any frequency i.e. Daily, Monthly, Quarterly, Semi-annually, Annually or at any other frequency as defined in the PMS agreement and as permitted under SEBI regulations.
- Portfolio Manager can charge Management Fee on Average portfolio value for the management fee period or the closing portfolio value or in any other manner as defined in the PMS agreement.
- Returns are assumed to be generated linearly through the year.
- Other Expenses includes Account Opening charges, stamp duty /Audit Fee/ Bank charges / Fund Accounting charges / Custody Fee / demat charges or other miscellaneous expense
- Brokerage and transaction cost for the illustration purpose is charged on the Average AUM. However, Brokerage and Transaction cost are charged on basis the actuals trades.
- All Fees and charges are subject to GST.
- For this illustration, High Water Mark for the 1st Year is the Capital invested and from second year onwards if performance fee is charged, it’s the year end closing value after all charges and fees, else it remains the same. However, in actual, High Water Mark is defined in the PMS agreement and may differ from this illustration.
- Portfolio Managers are advised to also refer to the illustrations provided in Annexure 4A of Master Circular for Portfolio Managers dated June 07, 2024.
- Hurdle rate is prorated in case the performance fee period is less than 1 year OR if there are inflow/outflows from the portfolio
- The above illustration shows the High Water Mark to be carried forward in different scenario for equal and fair treatment to the investor.
- This is only a generic illustration, each portfolio manager can modify the illustration as per the terms and condition of their PMS agreement.
- Portfolio Managers are advised to also refer to the illustrations provided in Annexure 4A of Master Circular for Portfolio Managers dated June 07, 2024.