Mutual fund charges

The AMC may charge the scheme with investment management and advisory fees subject to the following limits:
– @ 1.25% of the first Rs. 100 crores of weekly average net assets outstanding

in the accounting year,
and @ 1% of weekly average net assets in excess of Rs. 100 crores.
– For no load schemes, the AMC may charge an additional management fee
upto 1 % of weekly average net assets outstanding in the accounting year.

– In addition to fees mentioned above, the AMC may charge the scheme with the following expenses:
A. Initial expenses of launching schemes (not exceed 6% of initial resources raised under the scheme)
and
B. Recurring expenses including:
i. marketing and selling expenses agents’ commission
ii. brokerage and transaction costs
iii. registrar services for transfer of units sold or redeemed
iv. fees and expenses of trustees
v. audit fees
vi. custodian fees
vii. costs related to investor communication
viii. costs of fund transfers from location to location
ix. costs of providing account statements and dividend/redemption cheques and warrants
x. insurance premium paid by the fund
xi. winding up costs for terminating a fund or a scheme
xii. costs of statutory advertisements
xiii. other costs as approved by SEBI
• The total expenses charged by the AMC to a scheme, excluding issue or redemption expenses but including investment management and advisory fees, are subject to the following limits:
– on the first Rs. 100 crores of average weekly net assets- 2.5%
– on the next Rs. 300 crores of average weekly net assets- 2.25%
– on the next Rs. 300 crores of average weekly net assets- 2.0%
– on the balance of average weekly net assets- 1.75%

– For bond funds, the above percentages are required to be lower by 0.25%

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