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.
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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: Is advisory fee refunded if I withdraw part of my investment?
A: In case of partial withdrawals, the advance fee will be refunded on a pro-rata basis (from the date of withdrawal to the account anniversary) only if the withdrawn amount is part of the original capital on which the fee was charged. Example 1: If ...
Q: Will my advisory fee change each year based on my portfolio value?
A: Yes. At the beginning of each annual fee cycle (on the account anniversary date), the capital base is reset to the current portfolio value for the subsequent year, and the fee for the next year is calculated accordingly.
Q: What is the Fee charged for the Product?
A: Under this scheme, the advisory fee is 1.50% per annum, charged in advance for one year. The initial advisory fee is based on the client’s total capital contribution (initial investment). At the time of the next annual fee cycle (on the account ...
Q: Can existing PMS account holders with Samvitti open an Investment Advisory Account?
A: Yes, existing PMS account holders with Samvitti can open an Investment Advisory Account.