Tools · Fund Economics

AIF Fee & Expense Calculator

Verified one-time setup costs and annual compliance fees for SEBI AIF and GIFT City IFSCA funds.✓ FY 2025-26 rates

Jurisdiction

Fund Parameters

Min ₹20 Cr for SEBI AIF Cat I / II

Close-ended: min 3 yrs · Typical 5–7 yrs

Typical: 1%–2.5% p.a.₹1 Cr/yr

One-time Setup — Include

SEBI AIF registration fee₹10L (Cat II govt. fee)
Legal & PPM / LPA / IMA drafting₹20–50L domestic · ₹30–80L GIFT City
Simple: ₹20LOffshore/complex: ₹60–80L
Initial compliance setupKYC / AML / investor docs: ₹10–30L
Min: ₹10LComplex: ₹30–40L

Annual Recurring — Include

Trustee / custodian fee₹5–15L p.a.
Fund administrator / fund accounting₹10–40L p.a. · scales with corpus
Statutory audit & tax filing₹5–15L p.a.
SEBI / IFSCA regulatory reporting₹2–10L p.a. (AIRMS, CAT, annual filings)
Misc compliance & ongoing legal₹5–20L p.a.

₹0

One-time setup

₹0

Annual compliance

₹0

Annual mgmt fee

₹0

Total over tenure

Benchmark — ₹100 Cr Cat II SEBI · 5 Yr · 1% Mgmt Fee (verified FY2025-26)

₹65L

One-time setup cost

₹55L/yr

Annual compliance cost

₹340L

Total excl. mgmt (5 yrs)

₹1 Cr/yr

Mgmt fee at 1% p.a.

2.55% p.a.

All-in expense ratio

0.55% p.a.

Compliance-only ratio

One-time Setup Costs₹0 lakhs
Annual Recurring Costs₹0 lakhs/yr
Management Fee₹0 over tenure
Expense Ratio & LP Cost Summary0.0% all-in p.a.

Regulatory fee basis (FY 2025-26): SEBI AIF registration: ₹5L Cat I, ₹10L Cat II per SEBI Schedule III. IFSCA: $2,500 application + $7,500–$15,000 FME registration per IFSCA (Fund Management) Regulations 2022. Annual IFSCA FME ~$3,000. Legal and compliance ranges reflect Mumbai market FY2025-26. GIFT City adds ~20% annual compliance premium; management fee services are GST-exempt at GIFT City, partially offsetting this.

Note: Indicative estimates for preliminary planning only. Obtain formal quotes before finalising fund economics.

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