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

DURING THE YEAR

Return % 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

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

31,950

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

209,450

(l) Value of the portfolio after management fees and before performance fees (g - k)

5,264,300

(m) Profit before Performance Fees (c - f - k)

125,000

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

31,950

(o) Profit considered for performance fee after hurdle (m - n)

-264,300

(p) Performance Fees (o X 12%)

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

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

(s) Total fees/charges during the year (f + k + r)

235,700

(t) Profits after performance fees (m - r)

264,300

(u) Net Portfolio Value at the end of the year (a + t)

1,37,646

3,77,468

1,51,613

3,77,468

(v) Net Return % (u / a)

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

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.