info@aequitasindia.in
PMS Calculator
| Fees Structure | |
|---|---|
| Management fees | |
| Performance fees (high-watermark basis) | |
| Hurdle Rate |
| Returns | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| AT THE BEGINNING OF THE YEAR | |||||
| Net Portfolio Value at beginning of period | |||||
| High-Water Mark (HWM) | |||||
| DURING THE YEAR | |||||
| Return during the year | |||||
| Return amount during the year | |||||
| Gross Portfolio Value at end of the year Before any expenses |
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| Daily Average AUM for the year | |||||
| Less : Operating Expenses The max charge under this head is 0.50% of daily average AUM, for illustration purposes only. |
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| Gross Value of the Portfolio at the end of the year After Operating Expenses |
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| Less : Fixed Management Fees (@2% on Daily Average AUM) | |||||
| Less : GST on Fixed Management Fees (@ 18% of Fixed Management Fees ) | |||||
| Portfolio Value AFTER fixed Management Fees Before Performance Fees |
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| Less : Performance Fees (@10% of profits made above high-water mark) | |||||
| Less : GST on Performance fees (@18% of Performance Fees ) | |||||
| Net Value of the Portfolio at end of the year | |||||
| Net return to client for that year | |||||
| Net return to client on the initial investment | |||||
Notes
- For the 1st year of investment, high-water mark is the same as Net Portfolio Value at the beginning of period.
- This is a simplified example assuming no cash inflow/outflow during the year. The fee component of 2% annual management fees on daily average AUM and 10% performance fees (high-water mark basis) will be static for all the investors irrespective of the inflow amount.
