This PMS fee calculator is for illustration purpose only and actual fee applicable will be as per the PMS agreement signed with Electrum Portfolio Managers Private Limited
PMS Fee Structure Calculator
Calculation
Particulars
Values
Investment/AUM
₹10.00
Estimated Gain/(Loss)
₹0.10
AUM at End of the Year
₹10.10
Daily Avg AUM
₹10.05
Expenses
₹0.00
Other Costs
₹-0.10
Management Fees
₹-0.10
Mgmt Fees + Costs + Expenses
₹-0.20
Portfolio Value before Perf Fees
₹9.90
High Water Mark Value (HWM)
₹10.00
Hurdle Rate of return
₹0.10
Is Portfolio Value greater than HWM + Hurdle RoR
No
Base for Performance Fee
₹0.00
Performance Fee
₹0.00
Portfolio Value post all fees and expenses
₹9.90
TWRR
-1.00%
HWM for next year if performance fee is charged to the portfolio
₹10.00
HWM if performance fee is NOT charged to the portfolio
₹10.00
Notes:
The Management Fee is illustrated as an annual charge but can be applied at intervals as per the PMS agreement and SEBI regulations. It can be based on the average or closing portfolio value, or other methods defined in the PMS agreement. Additionally, returns are assumed to be evenly distributed throughout the year.
The High Water Mark (HWM) for the first year is the invested capital. For subsequent years, it is the year-end closing value after charges and fees, unless specified otherwise in the PMS agreement.
The Hurdle Rate is calculated on the higher of HWM or the previous year’s closing capital, though it may vary by agreement. It is prorated if the performance fee period is less than a year or if there are inflows/outflows.
This illustration shows High Water Mark carry forward scenarios to ensure fair investor treatment. Portfolio managers may adapt it based on their PMS agreement. Refer to Annexure 4A of the SEBI Master Circular for Portfolio Managers dated June 07, 2024, for further details.
Please refer to your PMS agreement for inclusions and exlusions in the Other expenses and transaction costs as well as GST applicability.
