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One Year-Fixed Fees Calculator

Fixed Fee Illustration	Year
Fixed Fee Illustration	Scenario 1	Scenario 2	Scenario 3
Expected Returns (%)	%	%	%
Capital Contributed / Assets under Management
Gain / (Loss) on Investment based on the Scenario
Gross Value of the Portfolio at the end of the year (A)
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 a 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 the Average portfolio value for the management fee period, 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 include Account Opening charges, stamp duty, Audit Fee, Bank charges, Fund Accounting charges, Custody Fee, demat charges, or other miscellaneous expenses.
Brokerage and transaction cost for the illustration purpose is charged on the Average AUM. However, Brokerage and Transaction cost are charged based on actual 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 conditions of their PMS agreement.
Portfolio Managers are advised to also refer to the illustrations provided in Annexure 4A of the Master Circular for Portfolio Managers dated June 07, 2024.

One Year-Hybrid Fees Calculator

Capital Contribution (Rs.)

Management Fee (%age per annum)

Other Expenses (%age per annum)

Performance (%age per annum)

Hurdle Rate of Return (%age per annum)

Brokerage and Transaction cost

Hybrid Fee Illustration	Year
Hybrid Fee Illustration	Scenario 1	Scenario 2	Scenario 3
Expected Returns (%)	%	%	%
Capital Contributed / Assets under Management
Gain / (Loss) on Investment based on the Scenario
Gross Value of the Portfolio at the end of the year
Daily Weighted Average assets under management
Other Expense
Brokerage and Transaction cost
Management Fees
Total charges during the year
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. When performance fee is charged from the portfolio itself.
High Water Mark to becarried forward for next year. When performance fee is paid separately by the investor to the PM

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 Fees Calculator

Capital Contribution (Rs.)

Management Fee (%age per annum)

Other Expenses (%age per annum)

Performance (%age per annum)

Hurdle Rate of Return (%age per annum)

Brokerage and Transaction cost

Variable Fee Illustration	Year
Variable Fee Illustration	Scenario 1	Scenario 2	Scenario 3
Expected Returns (%)	%	%	%
Capital Contributed / Assets under Management
Gain / (Loss) on Investment based on the Scenario
Gross Value of the Portfolio at the end of the year
Daily Weighted 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. When performance fee is charged from the portfolio itself.
High Water Mark to becarried forward for next year. When performance fee is paid separately by the investor to the PM

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, Semiannually, 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.

Multi Year-Hybrid Fees Calculator

Capital Contribution (Rs.)

Management Fee (%age per annum)

Other Expenses (%age per annum)

Performance (%age per annum)

Hurdle Rate of Return (%age per annum)

Brokerage and Transaction cost

Multi Year-Hybrid Fee Illustration	Year 1	Year 2	Year 3	Year 4	Year 5
Multi Year-Hybrid Fee Illustration	Gain / (Loss) %	Gain / (Loss) %	Gain / (Loss) %	Gain / (Loss) %	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
Daily Weighted Average assets under management
Other Expense
Brokerage and Transaction cost
Management Fees
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

This is only a generic format for illustration, each portfolio manager can add numbers and method's of calculation as per the terms and conditions of the PMS agreement and as permitted under SEBI regulations.

One Year-Fixed Fees Calculator

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One Year-Hybrid Fees Calculator

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One Year-Variable Fees Calculator

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Multi Year-Hybrid Fees Calculator

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