Fee structure for Investment Advisers and Portfolio Managers in IFSC


Quick Summary
The International Financial Services Centres Authority (IFSCA) has revised the fee structure for Investment Advisers (IAs) and Portfolio Managers (PMs) operating within the IFSC. This includes new application fees, one-time registration fees, and recurring fees for continued registration. All applicable fees must be paid in full to a specified IFSCA fund bank account.

IFSCA CIRCULAR F. No. 294/IFSCA/Fee Structure for IAs and PMS/2021-22 April 15, 2021 To, All Investment Advisers in International Financial Services Centres (IFSC) All Portfolio Managers in IFSC Dear Sir/Madam, Sub: Fee structure for Investment Advisers and Portfolio Managers in
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FAQ :

The application fee for Investment Advisers in IFSC is USD 750.

The one-time registration fee for Portfolio Managers in IFSC is USD 15,000.

Both Investment Advisers and Portfolio Managers need to pay a fee every five years post-registration.

The fee for registered Investment Advisers is USD 7,500 every five years.

Fees should be credited in full to the bank account: Account Name: IFSCA FUND 2, Account Number: 39907189884, IFSC Code: SBIN0060228.

 

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Notification No : F. No. 294/IFSCA/Fee Structure for IAs and PMS/2021-22
Published in Miscellaneous
Source : https://ifsca.gov.in/Viewer/Index/163

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