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Fee Calculator

The below fee calculator will help determine how fees are calculated for your PMS account at DMZ Partners Investment Management LLP.

Fees Structure

Annual Management Fees
%
Percentage Rate
Fixed Amount
Performance Fees
%
Hurdle Rate
%
Performance Fee Rate

Illustration

Years Year 1 Year 2 Year 3 Year 4 Year 5
AT THE BEGINNING OF THE YEAR
(a) Opening NAV at the beginning of the year 5,000,000 5,264,300 5,289,363 5,315,248 5,341,981
(b) High Water Mark for the year 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000
DURING THE YEAR
Return % during the year

%

%

%

%

%
(c) Return amount during the year 10,00,000 -5,75,522 2,54,891 15,82,339 26,34,826
(d) Value of the portfolio at the end of the year before fees and charges (a + c) 10,00,000 -5,75,522 2,54,891 15,82,339 26,34,826
(e) Average Daily Assets Under Management (AUM) 60,00,000 51,79,694 53,52,710 68,56,801 92,21,891
(f) Less: Custody and miscellaneous charges (assuming 0.5% on Average Daily AUM) 55,000 54,675 52,253 60,656 79,045
(g) Value of the portfolio after custody and miscellaneous charges and before fees (d - f)

59,45,000 51,25,019 53,00,457 67,96,145 91,42,846
(h) Annual Management Fees (@ 1%) 50,000 53,675 54,253 54,656 54,045
(i) Annual Management Fees (Fixed)

 		125,000 125,000 125,000 125,000 125,000
(j) GST on Annual Management Fees - Fixed and Percentage Based (assuming 18% GST)

31,950 31,950 31,950 31,950 31,950
(k) Less: Total Annual Management Fees and Taxes (h + I + j)

 		209,450 209,450 209,450 209,450 209,450
(l) Value of the portfolio after management fees and before performance fees (g - k) 5,264,300 5,264,300 5,264,300 5,264,300 5,264,300
(m) Profit before Performance Fees (c - f - k)

 		125,000 125,000 125,000 125,000 125,000
(n) Less: Compounded Hurdle rate on High Water Mark

 		31,950 31,950 31,950 31,950 31,950
(o) Profit considered for performance fee after hurdle (m - n) -264,300 -264,300 -264,300 -264,300 -264,300
(p) Performance Fees (o X 12%)

 		0 0 0 0 0
(q) GST on Performance Fees (assuming 18% GST)

0 0 0 0 0
(r) Performance Fees and Taxes (p + q)

0 0 0 0 0
(s) Total fees/charges during the year (f + k + r) 235,700 235,700 235,700 235,700 235,700
(t) Profits after performance fees (m - r) 264,300 264,300 264,300 264,300 264,300
(u) Net Portfolio Value at the end of the year (a + t) 1,37,646 3,77,468 3,77,468 1,51,613 3,77,468
(v) Net Return % (u / a) 5% 0% 0% 1% 1%
Opening NAV for next year 57,55,216 50,97,819 52,74,462 65,87,065 86,58,109
High Water Mark for next year 57,55,216 57,55,216 57,55,216 65,87,065 86,58,109
Notes

1. This is a simplified example assuming no cash inflows/outflows during the year.

2. Actual fees will vary based on actual numbers.

3. A simple average of the gross value of the portfolio at the beginning and end of the year has been taken to derive the average assets under management (AUM). However, while calculating the annual management fees on a quarterly basis, the average of the daily assets under management will be considered.

4. Custody charges will be charged as per actuals (not exceeding 0.10% per annum) on the average daily assets under management (AUM). Miscellaneous charges including but not limited to STT, brokerage, incidentals, taxes and levies will apply as per actuals.

5. High Water Mark shall be the highest value that the portfolio/account has reached. Portfolio value for computation of high watermark shall be taken as the value on the date when performance fees are charged. The portfolio manager shall charge performance fees based only on increase in portfolio value in excess of the previously achieved high watermark.