Intrinsic Deep Value Fund Calculator

Assumptions	S No	Value
Capital Contribution (Rs.)	a
Management Fee (%age per annum)	b
Other Expenses (%age per annum)	c
Performance (%age per annum)	d
Hurdle Rate of Return (%age per annum)	e
Brokerage and Transaction cost	f
			Amount in Rs.
Fees	S No	Calculations	Yr1	Yr2	Yr3	Yr4	Yr5
			*	*	*	*	*
Capital Contributed / Assets under Management	i	i = a or xvi
Gain / (Loss) on Investment based on the Scenario	ii	ii = i * G/L %
Gross Value of the Portfolio at the end of the year (Client year)	iii	iii = i + ii
Daily Weighted Average assets under management	iv	iv = (i + iii) / 2
Other Expenses	v	v = iv * c
Brokerage and Transaction cost	vi	vi = iv * f
Management Fees	vii	vii = (iv + v + vi) * b
Total charges during the year	viii	viii = v + vi + vii
Value of the Portfolio before Performance fee	ix	ix = (iii + viii)
High Water Mark Value (HWM)	x	x = Max(a, ix)
Hurdle Rate of return	xi	xi = x * e
Portfolio value in excess of Hurdle Rate Return	xii	xii = if (ix >(x+xi)) then ix-x-xi else 0
Profit share of the PMS	xiii	xiii = xii * d
Profit share to be taken by PMS	xiv	xiv = xii * d
Is the Performance Fee charged?	xv	xv = if (ix >(x+xi)) then Yes else No Perf. fee
Net value of the Portfolio at the end of the year after all fees and expenses	xvi	xvi = ix - xiv
% Portfolio Return	xvii	xvii( = ((xvi - i) / i) %
High-Water Mark to be carried forward for next year	xviii	xviii = Max (a,ix)

Notes:

1. This is only a generic format for illustration, each portfolio manager can add numbers and methods of calculation as per the terms and conditions of the PMS agreement and as permitted under SEBI regulations.
2. * G / L = Gain / Loss