Fees And Commissions

Portfolio Management Commissions:

At the end of each quarter (on March, June, September and December) portfolio management commission is withdrawn on the basis of average portfolio value.

Performance Commission:

The difference between annual gross return and annual benchmark return gives the relative return. Performance commission is withdrawn on the basis of relative return at the end of the year or on termination date of the contract.

Transactional Costs:

For all portfolio management activities, transactional costs are paid to financial intermediaries.