Annual Advisory Comprehensive Engagement fees : 

Asset Under Advice                                         Annual Advisory Fees p.a in INR

Upto Rs. 50 lakhs                                                Rs. 25,000/-

Above Rs. 50 lakhs                                              0.50% of Asset Under Advice

Annual Advisory Lite Engagement fees:

Total Financial Wealth                                   Annual Advisory Fees p.a. in INR

Upto Rs. 1 Cr                                                        Rs. 25,000/-

Upto Rs.1Cr to Rs.5 Cr                                        Rs. 50,000/-

Rs. 5 Cr and above                                              Rs. 1,00,000/-

Set up fees: 

New clients opting for Annual Advisory Engagement(Comprehensive and Lite) or clients joining back after a break will have to pay set-up fees. This would be between Rs. 10,000/- to Rs. 25,000/- based on the work and expertise required. This would cover initial discussions, review of the existing portfolio, account set-up and documentation work.

One Time Advise:

a) Time basis – Rs 3,000/- for upto 60 minutes and in multiples thereof.

b) Project based -between Rs 10,000/- to Rs 25,000/- per assignment for maximum 30 days.

Note:

1. We do not earn brokerage/commissions on our recommendations and advise.
2. Assets Under Advice for Annual Advisory Comprehensive Engagement include only financial assets like Mutual Funds, Listed securities like stocks, ETFs, Bonds, debentures, REIT’s/InvITs, Gold holdings in financial form (SGB), PMS, AIF’s and structured Real Estate. One can safely exclude banking products, Postal savings Scheme, Senior Citizen Savings Schemes, PPF, Employer benefits including NPS and ESOPs, Traditional & Market Linked (ULIPs)Insurance, Pension/Annuity Plans, Jewelry and Real Estate holdings. Also, client managed some direct stock and mutual fund portfolio could be excluded if the client does not want restructuring/review on the same. Mutual Funds in Regular Option would also not be counted for Asset Under Advice if no advice is sought on the same. However, Mutual Funds in regular option which requires our expertise would be charged review and restructuring fees. It could be noted that for Annual Advisory Lite Engagement clients total financial wealth includes all financial assets excluding Real Estate and Employer Terminal Benefits.
3. Valuation of Assets/Wealth (for fee calculation) would be done in the beginning of the term which could be every quarter/6month/ year as the case may be. This could be done with mutual consultation with the client. Investments proposed in the term could also be added to Asset Under Advice.
4. Government Levies: 18% GST charges would be over and above the quoted fees/ installment dues.
5. Annual fees could be paid annually in advance or in half yearly or quarterly installments. This would be based on the asset under advice/ total financial wealth for that term. Other fees are to be paid upfront.
6. Fees paid after the due date will have 10% escalation during the grace period of 15 days.
7. The fees are quoted per client family constitutes of an individual, spouse and dependent children. Children having independent income would be billed separately based on their wealth.
8. All regulatory documentation and compliance as per SEBI Investment Adviser guidelines have to be completed before engaging with us.
9. It would be advisable to pay the advisory fees from the portfolio and not from the personal cash flows so that the net portfolio performance is considered after fees.

Disclaimer:

1. The information is only for consumption by the client and such material should not be redistributed.

2.Investment in the Securities Market is subject to market risks. Read all the related documents carefully before investing.

3.Registration granted by SEBI, membership of BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

The above are our thoughts to make the fee charging exercise transparent for existing and prospective clients. These could be changed on a future date on prospective basis with due communication. It could be noted that fees are our only remuneration and hence there is no conflict of interest in our advisory engagements. To know more about the service deliverables, please refer our note on Engagement Options.

We believe that you would have got a better idea about our fee structure. In case, you are still not able to choose the most appropriate option or have any further queries then feel free to contact us at 9740457582 /9686694288 or assistant@naveenrego.com.

Naveen Julian Rego -CFP®

MD & Principal Officer

20th June, 2024