Investment at start: Rs. 50 Lakhs. Kabir Capital charges only performance-based fee; All other expenses at actuals; High water mark = Previously achieved highest closing NAV post fee deduction or hurdle value, whichever is higher.

Notes:

Returns are assumed to be generated linearly through the year.

• Other Expenses includes Account Opening charges, stamp duty /Audit Fee/ Bank charges / Fund Accounting charges / Custody Fee / demat charges or other miscellaneous expense
• Brokerage and transaction cost for the illustration purpose is charged on the Average AUM. However, Brokerage and Transaction cost are charged on basis the actuals trades.
• For this illustration, Hurdle rate is calculated on high watermark value

• Hurdle rate is prorated in case the performance fee period is less than 1 year OR if there are inflow/outflows from the portfolio

• The above illustration shows the High-Water Mark to be carried forward in different scenario for equal and fair treatment to the investor.

• Return percentages for all the years are assumed as wide-ranging numbers to show the impact of High-watermark principal on portfolio under various conditions.

All Fees and charges are subject to GST.