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Assumptions
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Capital Contribution (Rs.)a5,000,000
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Management Fee (%age per annum)b2.50%
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Other Expenses c0.50%
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Brokerage and Transaction costd0.20%
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Fixed Fee IllustraionScenario 1Scenario 2Scenario 3
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Gain of20%Loss of-20%
No Change
0%
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Capital Contributed / Assets under Management ii = a5,000,000 5,000,000 5,000,000
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Gain / (Loss) on Investment based on the Scenario iiii= i*Scenario1,000,000 -1,000,000 -
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Gross Value of the Portfolio at the end of the year iiiiii= I + ii6,000,000 4,000,000 5,000,000
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Average assets under management iviv= (i + iii) / 25,500,000 4,500,000 5,000,000
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Other Expensevv= iv x c-27,500 -22,500 -25,000
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Brokerage and Transaction costvivi = (iv x d)-11,000 -9,000 -10,000
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Management Fees viivii = (iv + vi) x b-137,225 -112,275 -124,750
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Total charges during the year viiiviii = v + vi + vii-175,725 -143,775 -159,750
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Net value of the Portfolio at the end of the year ixix = iii + viii5,824,275 3,856,225 4,840,250
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% Portfolio Return xx = ((ix - i) / i) %16.49%-22.88%-3.20%
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Notes:
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1In 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.
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2Portfolio Manager will be charging the Management Fee on Average portfolio value for the management fee period as defined in the PMS agreement.
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3Returns are assumed to be generated linearly through the year.
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4Other Expenses includes Account Opening charges, stamp duty /Audit Fee/ Bank charges / Fund Accounting charges / Custody Fee / demat charges or other miscellaneous expense
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5Brokerage 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.
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6All Fees and charges are subject to GST.
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