Fee Structure of Direct Plans:

Fees	Hurdle	Performance fees*
0.95% p.a. no variable fees	-	-
0.65% p.a. + variable fees	14%	14% (max upto 25% returns p.a.)

• Timemap leads us into insight of risk: reward, thus dynamic asset allocation calls are taken primarily across debt, equity and gold as asset classes from a medium term market trend perspective
• Based on TimeMap and PriceBridge proprietary quantitative models exposure management and rotation is done based on risk reward opportunity across market cap and sectors
• ETFs are low cost passive instruments which allow intraday captures thus over a long term giving further advantage over index funds, the costs saved and captures made add up to further alpha
• Across an entire market cycle objective is to reduce risk and deliver risk adjusted market returns