How is the 2% management fee calculated and charged?
The management fee is 2% per year, but it is charged every month. Each month’s fee is calculated on the average value of your SAP funds for that month.
Example
If the average value of your SAP funds in a month is ₹1,20,000, the fee for that month is ₹1,20,000 x 2% / 12 = ₹200, plus GST.
You can see each fee charged in the Fees History report, under the Other Details tab of your SAP.
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