We at Turtle believe in Client Centric Fee Structure, where client has 1st Win and then us.
In PMS there are 2 Type of Fee Structure:
1. Asset/Fund Management Fees
That is what is earned by Turtle Wealth on behalf of the 3 Main Services:
- Managing Curated Portfolio
- Quality Research
- Exceptional Services
| Management Fees | Investments Below 1 Cr. | Investment above 1 Cr. |
|---|---|---|
| Fixed Fees | 2% Per Annum on Average Fund Value | 1% Per Annum on Average Fund Value |
| Performance Fees | NIL | 10% Profit Sharing at every redemption. Fixed Fees charged will be adjusted against Profit sharing amount. |
| Exit Load | NIL | NIL |
| Interval | Quarterly, calculated on daily weighted average NAV basis at the end of every financial quarter. | Fixed fee at 1.00 % per annum on AUM or 10% Profit sharing at the End of Contract, whichever is higher. However fixed fee at 1.00 % per annum (0.25% quarterly) will be charged and adjusted from profit sharing at the time of any redemption. |
Kindly Note:
- In case of stock transfer at redemption, stock value will be considered for calculations of profit.
- The reason we don’t have hurdles Is because, we like to keep things simple, and easy to understand for our investors.
- We take Management Fees for our Running cost, but we make sure the management fees which is charged will get adjusted over profit sharing – That’s a Clear WIN – WIN Situation!
- We don’t take profit sharing at every year end, we take when and only a client opts out for partial or total redemption, we believe that if a client is showing long term vision, we will also show our long-term vision to the client, so let us say you don’t withdraw for 10 years we also don’t earn anything except our Fixed fees till 10 years.
- All above fees are excluding GST of 18%
- For Detail understanding ask for Schedule – C or connect with Team Turtle
2. Fixed Expenses
These are the Fixed Charges which are incurred while managing a PMS, Turtle Wealth don’t earn anything out of this Charges, we make sure every year we come down to this fixed Cost.
| Description | Rate | Remarks |
|---|---|---|
| Custodian & Fund Account Fees | 5 BPS | Charged on PA Basis |
| Clearing & Settlement | 1 BPS | Charged on Transactional Value |
| SEBI Fees | 0.0005% | At Actuals on AUC (Charges on P.A. basis) |
| DP Charges | ||
| AMC | 500 Rs. | P.A. Basis |
| Debit Transaction Charges (per ISIN) | INR 10. | Per ISIN |
| Audit FEES | 1500 Rs. | P.A. Basis |
| Brokerage | 0.05% to 0.10% | Charge on Transactional Value |
Kindly Note:
- Above Brokerage does not include Govt. Charges
- GST would be additionally applicable.
