What are the fees charged for PMS?

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• For example, Mr. Shah invested Rs. 50 lakhs in Geojit's PMS.
• The NAV at the end of the first quarter is Rs. 60 lakhs.
• A fixed fee of 0.75% will be charged on Rs. 55 lakhs (50 lakhs + 60 lakhs / 2) for the first quarter, which is Rs. 41,250.

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• For example, Mr. Kurian invested Rs. 50 lakhs in Geojit's PMS.
• The NAV at the end of the first year is Rs. 60 lakhs.
• Fixed Fee: A fixed fee of 0.50% will be charged on the average NAV from the beginning and end of every quarter.
• Performance fee: An annual performance fee will be applicable on Rs. 2.5 lakhs (60 lakhs - 57.5 lakhs; where 57.5 lakhs is Rs. 50 lakhs plus 15% of Rs. 50 lakhs). The amount charged will be 20% of Rs. 2.5 lakhs i.e., Rs. 50,000.

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3. Fixed + Performance Fees (B): 

Fee Type	Details
Fixed Fee	* An annual flat fee of 1% * Charged in four equal installments (0.25% every quarter) * Calculated on the average value of investments (average NAV of the beginning and end of the quarter).
Performance Fee	* If the return on investment for the year is greater than 10%, an annual performance fee of 20% is charged on the gains. * This is charged based on the high-water mark concept.

• For example, Mr. Lal invested Rs. 50 lakhs in Geojit's PMS.
• The NAV at the end of the first year is Rs. 60 lakhs.
• Fixed Fee: A fixed fee of 0.25% will be charged on the average NAV from the beginning and end of every quarter.
• Performance fee: An annual performance fee will be applicable on Rs. 5 lakhs (60 lakhs - 55 lakhs; where 55 lakhs is Rs. 50 lakhs plus 10% of Rs. 50 lakhs). The amount charged will be 20% of Rs. 5 lakhs i.e., Rs. 1 lakh.

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The minimum investment amount needed to invest in PMS is Rs. 50 lakhs.