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How is the cumulative value of my MF portfolio calculated for Transaction Fees?

April 26, 2017calculated cumulative fees MF portfolio transaction value

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How is the cumulative value of my MF portfolio calculated for Transaction Fees?

2 Answers

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The “cumulative value” will be taken as per Value at NAV of your entire MF holdings, at the time of order placement, as seen on your MF Unit Holdings page. Transaction charges will be applied as per the new fee structure, accordingly. As an example, while placing a new lumpsum order, if the MF unit holdings value in your account, as per ICICIdirect.com records is Rs. 5 lakhs (as per the Value at NAV), the system will levy a transaction charge of Rs. 100/- on the said transaction.

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10 Posted

The “cumulative value” will be taken as per Value at NAV of your entire MF holdings, at the time of order placement, as seen on your MF Unit Holdings page. Transaction charges will be applied as per the new fee structure, accordingly. As an example, while placing a new lumpsum order, if the MF unit holdings value in your account, as per ICICIdirect.com’s records is Rs. 5 lakhs (as per the Value at NAV), the system will levy a transaction charge of Rs. 100 on the said transaction.