Generally, FOF managers charge a 0.5% to 1.0% annual management fee, with some taking a minor portion of the carried interest (“carry”) in the 5.0% to 10.0% range. The fund of funds fees are placed on top of the fees charged by the underlying active fund managers that typically charge fees in the following ranges.
What is Sid and Sai in mutual fund? There are 3 important documents: Key Information Memorandum (KIM), Scheme Information Document (SID) and Statement of Additional Information (SAI) . These are prepared by the Asset Management Company (AMC) about a particular scheme, and submitted to the Securities and Exchange Board of India (SEBI) for approval.
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