Q: What if I close my account before the anniversary date?

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 cases 1.50% fee shall be charged from the activation date till date of closure and balance will be refunded to you.

Fee illustration

Computing the fee on percentage of AUA basis has been explained below:

   
            FEE ILLUSTRATION

Scenario 1
Scenario 2
Scenario 3
Initial Investment (on 31st Dec)

5,00,000
5,00,000
5,00,000
Account opening charges (one time inclusive of GST)

750
750
750
Advisory fee @ 1.50% (collected in advance)

7,500
7,500
7,500
GST on Fees 18%

1,350
1,350
1,350
Total amount to be paid during account activation

9,600
9,600
9,600
Top up during the Year (on 1st June)

25,000
45,000
1,50,000
Withdrawals during the Year   
 

30,000
1,10,000
Net contribution (Initial + Top up - Withdrawal)

5,25,000
 5,15,000
 5,40,000
Advisory fee @ 1.50% on top up ( 1st June to 31st Dec) on pro-rata basis until the account anniversary date for aggregate value of
top-ups exceeding ₹ 1,00,000.
-
-
1,313
GST on Top-up 18%

-
-
236
Total amount to be paid during top up

-
-
1,549
Portfolio value (AUA) on account anniversary date

5,50,000
  6,35,000
7,50,000





Fee computation methodology for subsequent year


Capital base reset as per AUA on account anniversary date

  5,50,000
             6,35,000
 7,50,000
Advisory Fee @ 1.50% for the Next Year

8,250
  9,525
11,250
GST on Fees 18%

1,485
  1,715
2,025
Net Fee due for 2nd year

9,735
  11,240
13,275











Advisory fees will be charged on the account anniversary date