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Dwaith Funds charges fees based exclusively on performance. Fund expenses, which primarily include legal, travel, audit, and administrative costs, are expected to remain below 0.01% of the fund’s assets as it grows. The managing partner is committed to minimizing expenses and will not employ costly analysts, research teams, or marketing and sales staff. The fund’s growth will depend solely on performance.
The fund aims to attract long-term capital from families with a stewardship mindset. Performance fees apply only after the fund achieves a return exceeding 6%. Returns beyond 6% will be split 75% to investors and 25% to the managing partner (through DAPL). Fees are charged only when the fund reaches new all-time highs, adhering to the high-water mark principle.
- Zero management fees as a percentage of AUM.
- No performance fees until a 6% return is delivered to investors.
- 25% of the gains over 6% is the performance fee.
- Must mutual funds and hedge funds take 2% of assets JUST for the pleasure of holding your money and breathing.
- We don’t and won’t charge for holding assets as a matter of principle.
For a INR 10Cr investment with a 5% return
In Dwaith funds, investor return would be 5%
Whereas in other funds with a 2% management fee and 20% performance fee, the actual investor return would be 2.4%
For a INR 10Cr investment with a 20% return
In Dwaith funds, investor return would be 16.5%
Whereas in other funds with a 2% management fee and 20% performance fee, the actual investor return would be 14.4%
