A fee model built for you.
No exit load. Three structures to choose from. Download the full fee illustration for detailed scenarios.
Fixed Fee — Tiered by AUM
| AUM slab | Management fee | Other expenses | Brokerage | Total |
|---|---|---|---|---|
| Up to ₹5 Crore | 2.0% p.a. | 0.5% p.a. | 0.2% p.a. | 2.7% p.a. |
| ₹5 Crore – ₹10 Crore | 1.6% p.a. | 0.5% p.a. | 0.2% p.a. | 2.3% p.a. |
| Above ₹10 Crore | 1.2% p.a. | 0.5% p.a. | 0.2% p.a. | 1.9% p.a. |
Charged quarterly on average daily closing NAV. If AUM crosses a higher threshold, the lower rate applies to the entire corpus from that point. Per Schedule II of the PMS Agreement.
Fixed + Performance Fee
| Component | Rate | Basis |
|---|---|---|
| Management fee | 1.0% p.a. | Average daily closing NAV, charged quarterly |
| Other expenses | 0.5% p.a. | Average daily closing NAV |
| Brokerage | 0.2% p.a. | Average daily closing NAV |
| Performance fee | 10% above 8% hurdle | Quarterly. High watermark applies. |
High watermark applies — performance fee charged only when portfolio value exceeds both the high watermark value and the hurdle rate threshold. Per Schedule II of the PMS Agreement.
True Alpha Fee Structure
Traditional PMS fee structures charge a performance fee annually or quarterly against a fixed hurdle rate — even when returns merely track the market. This disrupts compounding and incentivises short-termism: managers position for near-term fee triggers rather than long-term wealth creation. Investors pay for beta disguised as alpha, while their capital is interrupted every time a fee is extracted.
The True Alpha Fee Structure charges no performance fee during the measurement period. Your capital compounds completely uninterrupted — for 3 to 5 years — without a single deduction for performance. A performance fee is payable only at exit or at the end of the agreed period, and only if our net returns exceed the compounded total return of Nifty 50 TRI over that exact horizon. If we match or underperform the benchmark, you owe us nothing beyond the minimal management fee.
“Alpha earned, not borrowed. No short-term positioning to hit fee triggers. No fee on beta. Only sustained, benchmark-beating returns — measured honestly over a multi-year horizon.”
- ✕Annual or quarterly performance fee
- ✕Charged against a fixed hurdle rate
- ✕Payable even if benchmark is not beaten
- ✕Disrupts compounding with each extraction
- ✕Incentivises short-term positioning
- ✕Rewards beta disguised as alpha
- ✓No performance fee during measurement period
- ✓Capital compounds completely uninterrupted
- ✓Performance fee only at exit or period-end
- ✓Only charged if benchmark is genuinely beaten
- ✓Zero fee if benchmark is matched or underperformed
- ✓Passive-equivalent returns accrue entirely to you
| Component | Rate | Basis |
|---|---|---|
| Management fee | 0.6% – 1.0% p.a. | Tiered by initial capital contributed. Charged on average daily closing NAV, quarterly. Covers operational costs only. |
| Other expenses | 0.5% p.a. | Average daily closing NAV |
| Brokerage | 0.2% p.a. | Average daily closing NAV |
| Performance fee | Only on true alpha | Payable at end of agreed measurement period (3 or 5 years, chosen at onboarding) or upon client exit — whichever is earlier. Only if portfolio net return exceeds the compounded total return of Nifty 50 TRI over that exact period. Zero if benchmark is matched or underperformed. |
| Initial capital contributed | Management fee |
|---|---|
| Up to ₹5 Crore | 1.0% p.a. |
| ₹5 Crore – ₹10 Crore | 0.8% p.a. |
| Above ₹10 Crore | 0.6% p.a. |
Download the full fee illustration
The Excel file contains the SEBI-prescribed Annexure 4A format with one-year and multi-year scenarios across all options, sourced directly from Schedule II of the PMS Agreement.