Client name :
Client Pan Number : PMS Fee Schedule
Client Code : * Schedule II to the Portfolio Investment Management Agreement
ARN/EUIN/NISM Number :
ARN/EUIN/NISM Validity : Date : D D M M Y Y Y Y
Fixed Fee
Nature of Fees Fees %
A. Fixed Fees based on AUM 2.50%
0.25% (including operating expenses charged at
B. Account Management Fees based on AUM *
actuals as per point no. D)
C. Exit Load Exit within 12 months – 2%; Nil thereafter
D. Operating Expenses (including custodian fees and At Actuals
other charges) *
E. Brokerage, GST, Security Transaction Tax (STT) & As Applicable at Actuals
Other Statutory levies
F. Audit fees * As applicable
Note : GST will be applicable in addition to the above charges as per the set rates
* - Total expenses not exceeding 0.50 bps
Term & Conditions :
1. No Upfront Fees shall be charged by the portfolio manager in compliance with the SEBI(Portfolio Managers) Regulations, 2020.
2. Fixed Management Fees will be charged monthly in arrears, based on Daily Average Assets under Management for the month. On exit during a
financial year the Fixed Management fee will be charged on pro-rata basis.
3. Account Management Fee will be charged monthly in arrears, based on Daily Average Assets under Management for the month. Account
management fees will include but not limited to Portfolio Account maintenance charges, IT infrastructure cost like maintenance of client portal,
depository charges, establishment cost etc. Account management fee as calculated above will be reduced by actual operating expenses incurred
for the client.
4. Withdrawals: All withdrawals from PMS would be with the mutual consent of the client and the portfolio manager. The withdrawals may be in
form of shares or in cash at the end of the agreed period as per the terms & conditions of the Portfolio Investment Management Agreement.
1. Withdrawals shall be for a minimum amount of Rs. One Lac only. (Acceptance/Processing of applications for withdrawal of Assets less
than the specified minimum amount shall be at the discretion of the Portfolio Manager).
2. Exit Fee will be charged on all Withdrawals as per the applicable exit charges. In case of withdrawals in the form of securities, Exit fee
will be charged on the Net Asset Value of the securities withdrawn.
3. No Exit Fee will be charged on switch to other strategy, however exit fees are applicable if client switch from Equity strategy investment
to Liquid strategy investment.
5. The Portfolio Manager has the discretion to sell securities held in the clients accounts for the recovery of any of the fees charged to the clients
account.
6. In case of request for change in fee structure, the new structure will be effective from the beginning of the subsequent month from the request
receipt date
1. All terms and conditions as per the new structure will be applicable.
2. NAV for the purpose of calculating returns for charging performance based management fees will be reset to the opening NAV as on the
day the new fee schedule will be effective.
7. The other terms and conditions of the Portfolio Investment Management Agreement entered into with the Portfolio Manager and any
supplemental agreement thereto shall continue to remain in full force and effect as applicable.
8. The Portfolio Manager will have the discretion to appoint any broker/s for execution of the transactions of the Portfolio Management
Strategies.
PAN : Distributor Name & Location :
Application Number : RM Name
The client is required to write the following in the space below in his own handwriting: “I/We hereby understand and agree to the above fee structure and terms and
conditions.”
Name & Sign of First / Sole Name & Sign of Second Holder Name & Sign of Third Holder
Holder/ Authorized Signatory / Authorized Signatory / Authorized Signatory
Motilal Oswal Asset Management Company Limited
Page 1 of
Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel S T Depot, Prabhadevi, Mumbai - 400 025. 022-39804200/4201/4263. SEBI PMS Regn. No. – INP 000000670
1
PMS Fee Schedule
* Schedule II to the Portfolio Investment Management Agreement
Annexure -1 Illustration on Fees and Expenses
The example given hereunder is to enable the Client to understand the fees / expense structure. The amount of fees / expenses in the below example are
purely hypothetical and the actual fees / expenses charged to the Client would be as specified in the PMS Fee Schedule overleaf which is part of the Portfolio
Investment Management Agreement.
The below computations are for illustrative purpose only. The assumptions for the illustration are as follows:
1 Size of sample portfolio: Rs. 50 lacs
2 Period: 1 year - 1 April to 31 March
3 Fixed fee: 2.50%
4 Account management fee: 0.25% has been assumed to be charged on the average of the opening and closing AUM
5 Exit Load assumed to be 2% of the Portfolio Value
Profit Profit No Change Loss
10% 20% 0% 20%
Nature of Fees Amount in Rs. Amount in Rs. Amount in Rs. Amount in Rs.
Capital Contribution 50,00,000 50,00,000 50,00,000 50,00,000
Add/ Less:Profits/ Loss on investment during the year on AUM 5,00,000 10,00,000 - (10,00,000)
Gross Value of the portfolio as on 31st March 55,00,000 60,00,000 50,00,000 40,00,000
Less: Fixed Fees 1,54.875 1,62,230 1,47,500 1,32,750
Less: Account management fee 15,488 16,225 14,750 13,275
Portfolio Value after Management Fee and other expenses 53,29,638 58,21,525 48,37,750 38,53,975
Less: Exit Load (2% plus GST) 1,25,779 1,37,388 1,14,171 90,954
Portfolio Value after charging Exit Load 52,03,858 56,84,137 47,23,579 37,63,021
Total charges during the year (a+b+c) 2,96,142 3,15,863 2,76,421 2,36,979
% change over capital contributed 4.08% 13.68% -5.53% -24.74
•In the above illustration, Fixed Fees and Account management fees have been calculated on the average of the capital contribution and the
gross value of the portfolio as on 31st March.
Note: Fixed Fees and account management fees are charged Monthly and Performance fees, if any are charged annually, on 31st March every
year. Exit load shall be charged on every inflow and outflow of corpus respectively.
Motilal Oswal Asset Management Company Limited
Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel S T Depot, Prabhadevi, Mumbai - 400 025. 022-39804200/4201/4263. SEBI PMS Regn. No. – INP 000000670 Page 2 of 3
