Merge Fees Enhancement

Release Note

Merge Fees Enhancement

This is new way of reporting fees. Investor can see total charges deducted in the “My Reports”. Broker admin can view the break up for the total deduction of charges.

e.g. If for any particular allocation subscription fees charged by broker is $20 and subscription fees charged by fund is $20 then Investor will be able to view only total subscription fees as $40.

In this document we can see break up of deduction of fees for all types of fees with example.

Consider the example:

Allocation ID: 7484

Allocated amount:2500

Fund Account No: 7890061

Investor Account NO: 7890085

Charges are defined as follows:

Management Fees

Total charges deducted under management fees are as follows:

Broker admin can view the the break-up of deduction from the Revenues Reports

Charges deducted as management Fees for funds are shown below:

Charges deducted as management Fees for broker are shown below:

From above example we can observe that fees charged by funds 6.25 USD and fees charged by broker i.e. 8.33 USD is merged and presented to investor in “My Reports” i.e. 6.25+8.33=14.58 USD.

Subscription Fees

Total charges deducted under subscription fees are as follows:

Broker admin can view the break-up of deduction from the RevenuesReports Charges deducted as Subscription Fees for funds are shown below:

Charges deducted as Subscription Fees for broker are shown below:

From above example we can observe that fees charged by funds 40.00 USD and fees charged by broker i.e. 37.50 USDY is merged and presented to investor in “My Reports” i.e. 40.00+37.50=77.50 USD

Trade Charges

Total charges deducted as trade charges are as follows:

Broker admin can view the break-up of deduction from the RevenuesReports Charges deducted as Trade Charges for funds are shown below:

Charges deducted as trade charges for broker are shown below:

From above example we can observe that fees charged by funds 1.35 USD and fees charged by broker i.e. 0.44 USD is merged and presented to investor in “My Reports” i.e. 1.35+0.44=1.79 USD

Exit Fees

Total charges deducted as trade charges are as follows:

Broker admin can view the break-up of deduction from the RevenuesReports Charges deducted as Exit fees for funds are shown below:

Charges deducted as Exit fees for broker are shown below:

From above example we can observe that fees charged by funds 81.25 USD and fees charged by broker i.e. 37.50 USDY is merged and presented to investor in “My Reports” i.e. 81.25+37.50=118.75USD

Performance Fees

Total charges deducted as performance fees are as follows:

Broker admin can view the break-up of deduction from the RevenuesReports Charges deducted as performance fees for funds are shown below:

Charges deducted as trade performance fees for broker are shown below:

From above example we can observe that fees charged by funds 297.16 USD and fees charged by broker i.e. 208.01 USDY is merged and presented to investor in “My Reports” i.e. 297.16+208.01=505.17 USD

Fixed Fees

Total charges deducted as Fixed Fees are as follows:

Broker admin can view the break-up of deduction from the RevenuesReports Charges deducted as fixed fees for funds are shown below:

Charges deducted as fixed fees for broker are shown below:

From above example we can observe that fees charged by funds 0.32 USD and fees charged by broker i.e. 0.65 USDY is merged and presented to investor in “My Reports” i.e. 0.32+0.65=0.97 USD

All the charges are merged and available on view performance analysis page of investor Charges tab