A. 3 components – Setup fees (if not waived) + service tax thereon; management fees + service tax; operating expense. The net amount is invested in NCDs. Such upfront deductions are mentioned in PPM and done in consultation with the trustee. We can send you the exact amount and period for which it is deducted.
Please note that in Arka AIF, setup fees were charged proportionately on each contribution. We shall deduct full setup fees from the investor’s first contribution.
A. The contribution received from investors is invested in liquid fund schemes till the allotment of units. Such income, from the date of receipt of money till allotment of units, is paid to investors.
Post allotment of units, investors get a proportionate share of the fund’s income.
The total income earned by the fund is distributed to all investors proportionately based on their net investable surplus (net investable surplus = contribution minus upfront amount deducted as explained above) and actual number of days the same was invested in the fund.
|TDS deducted between||Certificate to be provided on or before|
|1st April – 30th June||15th Aug|
|1st June – 30th September||15th Nov|
|1st October – 31st December ||15th Feb|
|1st January – 31st March||15th June|
|Last date for TDS
|1st April – 30th June||Every month||15th July|
|1st July – 30th September||Every month||15th Oct|
|1st October – 31st December||Every month||15th Jan|
|1st January – 31st March||Every month||15th May|
SoAs shall be provided for the following dates only –
SoA generation and quality checks take some time – so they shall be typically available within 2-4 working days.