Annual fixed fees of 1.5% (charged quarterly) Fees for performance: 20% of profits above a threshold of 10%. On the third anniversary, performance fees will be assessed on cumulative profits. The first 10% of annual returns (net of fixed fees) will not be subject to performance fees. Performance fees will be imposed without catch-up. Performance fees are based on the high water mark. Performance costs will be levied as of the redemption date if redeemed before the period of three years has expired. Exit Load: If redeemed in the first, second, or third year, respectively, it is 3%, 2%, and 1%. Investment requirement: 50 lacs