PMS Calculator

This calculator will help determine how fees are calculated for your PMS account

Fees Structure
₹

Performance fee

%
%
%
%
%
Illustration
  
Hybrid fee illustration Gross annual return
%
Capital contributed / Assets under management 0
Gain / (Loss) on investment based on the scenario

0
Gross value of the portfolio at the end of the year
0
Daily weighted average assets under management

0
EXPENSES CHARGED TO INVESTOR ACCOUNT
Brokerage and transaction cost

0
Other expense

0
Management fees 0
Total charges before performance fee. 0
Value of the portfolio before performance fee 0
High Water Mark value (HWM) (Capital contributed for 1st year and second year onwards as defined in the PMS agreement) 0
Hurdle rate of return or as defined in the PMS agreement 0
Is the value of the portfolio before performance fee greater than high water mark value + hurdle rate of return?
PERFORMANCE FEES CALCULATION
Portfolio return subject to performance fee

Performance fee 0
Net value of the portfolio at the end of the year after all fees and expenses 0
% Portfolio return 0
High Water Mark to be carried forward for next year. When performance fee is charged from the portfolio itself. 0
Hybrid fee illustration Gross annual return year 1 Gross annual return year 2 Gross annual return year 3 Gross annual return year 4 Gross annual return year 5
%
%
%
%
%
Capital contributed / Assets under management 0 0 0 0 0
Gain / (Loss) on investment based on the scenario

0 0 0 0 0
Gross value of the portfolio at the end of the year
0 0 0 0 0
Daily weighted average assets under management

0 0 0 0 0
EXPENSES CHARGED TO INVESTOR ACCOUNT
Brokerage and transaction cost

0 0 0 0 0
Other expense

0 0 0 0 0
Management fees 0 0 0 0 0
Total charges during the year 0 0 0 0 0
Value of the portfolio before performance fee 0 0 0 0 0
High Water Mark value (HWM). 0 0 0 0 0
Hurdle rate of return 0 0 0 0 0
Is the value of the portfolio before performance fee greater than high water mark value + hurdle rate of return?
PERFORMANCE FEES CALCULATION
Portfolio return subject to performance fee

Profit share to be taken by PMS 0 0 0 0 0
Is the performance fee charged? 0 0 0 0 0
Net value of the portfolio at the end of the year after all fees and expenses 0 0 0 0 0
% Portfolio return 0 0 0 0 0
High Water Mark to be carried forward for next year 0 0 0 0 0
Notes

1) In the illustration, Management fee is assumed to be charged annually. However, the Portfolio Manager may charge fee at any other frequency (i.e. Monthly, Quarterly, Semi-annually, Annually) as defined in the PMS agreement and as permitted under SEBI regulations.

2) 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.

3) Returns are assumed to be generated linearly through the year.

4) Other Expenses includes Account Opening charges, stamp duty /Audit Fee/ Bank charges / Fund Accounting charges / Custody Fee / demat charges or other miscellaneous expense

5) Brokerage and transaction cost for the illustration purpose is charged on the Average AUM. However, Brokerage and Transaction cost are charged on actuals.

6) All Fees and charges are subject to GST.

7) 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's higher of hurdle AUM or closing portfolio value whichever is higher. However, in actual, High Water Mark is defined in the PMS agreement and may differ from this illustration.

8) 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.

9) Hurdle rate is prorated in case the performance fee period is less than 1 year OR if there are inflow/outflows from the portfolio.

10) The brokerage, transaction costs, and other expenses are considered as per regulatory upper cap in illustration , however the actual charges may be lower.

Notes

1) Returns are assumed to be generated linearly through the year.

2) Other Expenses includes Account Opening charges, stamp duty /Audit Fee/ Bank charges / Fund Accounting charges / Custody Fee / demat charges or other miscellaneous expense.

3) 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.

4) All Fees and charges are subject to GST.

5) 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's higher of hurdle AUM or closing portfolio value whichever is higher. However, in actual, High Water Mark is defined in the PMS agreement and may differ from this illustration.

6) 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.

7) Hurdle rate is prorated in case the performance fee period is less than 1 year OR if there are inflow/outflows from the portfolio.

8) The above illustration shows the High Water Mark to be carried forward in different scenario for equal and fair treatment to the investor.

9) The brokerage, transaction cost and other expenses are considered as per regulatory upper cap in illustration however, the actual charges may be lower.

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