Fund Management Charge definition

Fund Management Charge. ’ means a charge levied by Us for management of the Segregated Funds and calculated as a percentage of the Fund Value and appropriated by adjusting the NAV. The Fund Management Charge shall be levied on each Valuation Date throughout the Policy Term.

Fund Management Charge means a charge levied as a percentage of the value of assets and shall be appropriated by adjusting the NAV. This is a charge levied at the time of computation of NAV.

Fund Management Charge means charge specified in Clause 1 of Part E of this Policy Document.

Examples of Fund Management Charge in a sentence

• We will take the appropriate Fund Management Charge as specified in the Schedule of Charges, from the Fund.

• It also includes any Fund Management Charge chargeable to the Fund.

• The Fund Management Charge for Discontinued Policy Fund shall be 0.50% p.a.

• A Fund Management Charge of 0.50% p.a., charged daily, will be levied on the ‘Discontinued Policy Fund’.

• Fund Management Charge will be charged by adjustment of the Unit Price on the Investment Fund/s on each Valuation Date.

• A Fund Management Charge of 0.50% p.a., charged daily, will be levied on the Discontinued Policy Fund.

• The risk cover under the Policy will cease and no further Charges will be levied by Us other than the Fund Management Charge applicable on the Discontinuance Policy Fund.

• Fund Management Charge is expressed as a percentage of Fund Value and is levied at the time of computation of the NAV by adjusting the Unit Price.

• The tax levied on the Fund Management Charge will be incorporated into the Unit Prices for each Fund.

• The Fund Management Charge for the Liquid Fund may be increased by the Company with prior approval of Authority, subject to a maximum of 1.35% per annum for each Unit Linked Fund available to Policyholder.