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Notes
1
The calculated fees is excluding Goods and Service Tax (GST)
2
The Hurdle Amount is calculated by multiplying HWM and Hurdle Rate. In case the performance fees has been charged in the immediately preceeding previous year, then hurdle will be calculated only for the current year. In case the performance fees has not been charged in the immediately preceeding previous year or years, then hurdle amount will be hurdle amount of the current year plus each of the immediately preceeding years for which performance fees has not been charged. For example: If the HWM is RS. 50,00,000/-, Hurdle rate is 10% and Performance fees is not charged for immediately preceeding 2 years, then the Hurdle amount will be Hurdle amount of the current year i.e. Rs. 5,00,000/- plus Hurdle of the immediately preceeding 2 years i.e. Rs. 10,00,000/- totalling to Rs. 15,00,000/-
Multi Year - Hybrid fee
Assumptions:
Notes
Capital Contribution (Rs.)
[a]
Required
Please enter a valid numeric value upto 2 decimal place
Management Fee (%age per annum)
[b]
Required
Please enter a valid percentage (0-100) value upto 2 decimal place.
Other Expenses (%age per annum)
[c]
Required
Please enter a valid percentage (0-100) value upto 2 decimal place.
Performance (%age per annum)
[d]
Required
Please enter a valid percentage (0-100) value upto 2 decimal place.
Hurdle Rate of Return (%age per annum)
[e]
Required
Please enter a valid percentage (0-100) value upto 2 decimal place.
Brokerage and Transaction cost
[f]
Required
Please enter a valid percentage (0-100) value upto 2 decimal place.
Hybrid Fee Illustration
Yr 1
Yr 2
Yr 3
Yr 4
Yr 5
Gain
Loss
Gain
Loss
Gain
Loss
Gain
Loss
Gain
Loss
Capital Contributed /Assets under Management
i
i=a
0
0
0
0
0
Gain / (Loss) on Investment based on the Scenario
ii
ii= i*Scenario
0
0
0
0
0
Gross Value of the Portfolio at the end of the year
iii
iii= I + ii
0
0
0
0
0
Daily Weighted Average assets under management
iv
iv= (i + iii) / 2
0
0
0
0
0
Other Expense
v
v= iv x c
0
0
0
0
0
Brokerage and Transaction cost
vi
vi= iv x f
0
0
0
0
0
Management Fees
vii
vii = (iv + v + vi) x b
0
0
0
0
0
Total charges during the year (Sum of v, vi and vii)
viii
viii = v + vi + vii
0
0
0
0
0
Value of the Portfolio before Performance fee
ix
ix = iii + viii
0
0
0
0
0
High Water Mark Value (HWM)
x
0
0
0
0
0
High Water Mark Value (HWM) + Hurdle Amount
xi
Note 2
0
0
0
0
0
Portfolio value in excess of Hurdle Rate Return
xii
xii = xi > ix then 0 else (ix - xi)
0
0
0
0
0
Profit share of the PMS
xiii
xiii = xii * d
0
0
0
0
0
Profit Share To be taken by PMS
xiv
xiv = xiii
0
0
0
0
0
Is the Performance Fee charged?
xvi
xvi = xiii > 0 then Yes else No
0
0
0
0
0
Net value of the Portfolio at the end of the year after all fees and expenses
xvii
xvii = ix - xiii
0
0
0
0
0
% Portfolio Return
xviii
xviii = ((xvii - i) / i) %
0
0
0
0
0
High Water Mark to be carried forward for next year
xix
xix = (xiii > 0) then xvii else x
0
0
0
0
0
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