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A: When clients withdraw funds before the account anniversary date, pro-rata fee refund will be applicable for the withdrawn amount, covering the period from the date of withdrawal to the account anniversary. The exact refund amount will be ...
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 for making payments, which was enabled as per the regulatory requirements.