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 part of the
original capital, covering the period from the date of withdrawal to the
account anniversary.
The exact refund amount will be calculated
based on the number of days remaining in the advisory cycle from the date of
withdrawal.
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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: What if I close my account before the anniversary date?
A: In case of full withdrawal or closure before the anniversary date, the advisory fee is refunded on a pro-rata basis, calculated from the termination date to the next anniversary, based on the initial capital (not the current market value). In such ...
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: Can you give examples of how fees are calculated?
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Q: How can I add funds or set up a SIP/top-up to my portfolio?
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