Q: What happens during the quarterly settlement process and what should I do if funds are debited?
A: In the event of quarterly settlement, any free cash within the advisory portfolio is transferred from the broker account to your bank account. You may transfer back the same amount to your broker account to be
in sync with model portfolio. If the amount is not transferred back to the broker account, the performance of the advisory portfolio may not align with the model portfolio.
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Q: When does the quarterly settlement happen?
A: Quarterly settlement happens on the first Friday of January, April, July, and October (or the previous trading day if it’s a holiday).
Q: How can I add funds or set up a SIP/top-up to my portfolio?
A: You can add funds to your portfolio either through a lump sum investment or a Systematic Investment Plan (SIP). The minimum amount for both options is ₹5,000 per transaction or per month. After transferring the funds to your broker’s account, ...
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A: When clients withdraw funds before the account anniversary date, pro-rata fee refund will be applicable for the withdrawn amount, covering the period from the date of withdrawal to the account anniversary.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 happens if I do not act on the recommendations after paying the Advisory fee?
A: If no action is taken on the recommendations within 30 calendar days from the date of activation, the Advance advisory fees for one year will be refunded, while the account opening charges will remain non-refundable.
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 ...