CMA Final · Strategic Financial Management · Digital Finance
A robo-advisory platform charges 0.75% p.a. on assets under management, billed quarterly on the opening balance of each quarter. A client opens a quarter with ₹40,00,000 in the portfolio. What fee is billed for that quarter?
The quarterly fee is ₹7,500. The annual fee is 0.75% of ₹40,00,000, which is ₹30,000, and one quarter bears a quarter of that. Billing ₹30,000 would charge a full year's fee for one quarter.
- A₹30,000
- B₹7,500Correct
- C₹75,000
- D₹3,00,000
Explanation
Annual fee = 0.75% × 40,00,000 = ₹30,000. Quarterly fee = 30,000/4 = ₹7,500. Check: 0.1875% × 40,00,000 = 7,500. The ₹30,000 option bills a full year's fee in one quarter.
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