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 to make a secured payment of the advisory fee, which was enabled as per the regulatory requirements. Optionally you can use NEFT and transfer directly to the Bank Account as noted in the invoice.
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Q: Can you give examples of how fees are calculated?
Date Transaction summary Amount (₹) Fee Rate / Method Fee (₹) GST (18%) (₹) Total 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 ...
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 happens during the quarterly settlement process and what should I do if funds are debited?
A: In the event of quarterly settlement, any unused cash within the advisory portfolio is transferred by the broker 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 ...
Q: Can existing Mutual Fund holders with Samvitti open an Investment Advisory Account?
A: No, as per current Securities and Exchange Board of India (SEBI) regulations, mutual fund regular mode investors are not permitted to invest in ActiveInsights. However, the mutual fund investors with direct mode can invest in ActiveInsights ...
Q: When does Samvitti start sending investment recommendations to clients?
A: We begin sending investment recommendations on the same working day after receiving the Account opening charges and Advance advisory fees for one year from the investor.