Q: Can you give examples of how fees are calculated?
Date | | | | Fee (₹) | | | Notes |
Jan 1st,
2024
| Initial Investment | 5,00,000 | 1.50% p.a Flat | 7,500 | 1,350 | 8,850 | Paid upfront for full year as advance |
Aug 1st,
2024
| Top-up | 1,00,000 | Top-up fee
=1,00,000*1.50% × (153/365)
(Aug 1st– Dec 31st)
| 629 | 113 | 742 | Pro-rata fee for 153 days top up date to account
anniversary date
|
Jan 1st,
2025
| Assuming appreciation
in AUA on Account Anniversary
date
| 8,00,000 | 1.50% p.a Flat on account anniversary date =8,00,000*1.50%
| 12,000 | 2,160 | 14,160 | Annual fee on total portfolio value (AUA) |
Jan 1st,
2025
| Assuming depreciation
in AUA on Account Anniversary
date
| 4,35,000 | 1.50% p.a on account anniversary date =4,35,000*1.50% | 6,525 | 1,175 | 7,700 | Annual fee on total portfolio value (AUA) |
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Q: Can you provide examples of how advisory fees are adjusted when a client withdraws funds?
A: If a customer opens an account on 1st January 2025 with an investment of ₹20,00,000, the advance annual advisory fee will be charged at 1.50% p.a., along with 18% GST. In the event of a partial withdrawal of ₹15,00,000 on 1st August 2025, the ...
Q: How is the advisory fee calculated initially?
A: The initial advisory fee is calculated based on the client’s total capital contribution (initial investment). • Initial Investment: ₹5,00,000 • Advance Annual Advisory Fee: ₹7,500 (excluding GST) • Calculation: ₹5,00,000 × 1.50% = ₹7,500 + 18% GST ...
Q: How is the advisory fee calculated for top-ups (Additional Investment)?
A: Aggregate value of Top-ups crossing the ₹1 lakh threshold will be charged an advisory fee of 1.50% per annum, calculated on a pro-rata basis from the date of the top-up to the client's account anniversary date.
Q: How is the refund adjustment calculated when a client withdraws partial funds before the account anniversary date?
A: When clients withdraw funds before the account anniversary date, any pro‑rata fee refundable due to partial withdrawals will be refunded or adjusted during the next annual billing cycle, which takes place on the account anniversary date if it’s a ...
Q: What is the mode of payment to the Fees / Process of raising invoice?
A: Payment can be made online via UPI or NEFT. An invoice will be emailed with the payment link. You may use our verified UPI ID: samvitti.rzp.ia@validicici to make a secured payment of the advisory fee, which was enabled as per the regulatory ...