 FAQ
1) What is a Risk Profile?
It is important for investors and their advisor to understand investor’s risk profile before building and managing an investment portfolio. Risk Profiling involves assessing investor’s individual financial situation, investment style and risk appetite which forms the basis for the investment strategy tailored for their needs.
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2) What is Risk Score?
After receiving the answers for the risk profiling questions , risk score is calculated. Risk score defines the portfolio allocation of the investor to a great extent. Higher the score higher is the risk taking capability of the investor. This score can be manually modified by the investor if investor feels comfortable for higher equity content in portfolio.
3) What is Exclusive Strategic Resource Allotment System ?
4) Will I transfer funds to Mybillions account or direct to Mutual funds?
While investing , the funds will directly go to the specific Mutual funds through the Indian Clearing Corporation Limited. Investing funds will never come to Mybillions account. We don't believe in pooling money to our beneficiary account , also we do not hold any beneficiary account for the same.
5) Can I choose the fund house?
All the funds selected are thoroughly researched before including the same in our portfolios. We donot allow choice in funds as this may hinder the investing strategy of the goal.
6) Do I need to select funds for my Goal?
Our intelligent AI based system doesnot allow the selection of category , funds and specific amount thereof. The funds and the allocation will be defined by Mybillions depending on the various factors like your risk profile, goals and the current market conditions. We live in a dynamic world and hence our system is very dynamic with the portfolios, it presents, at any given point of time for a goal.
We will be handling the right mix of allocation for you always.
7) Do I need to change or adjust my portfolio myself or Mybillions will guide me?
Once you are with Mybillions ,” Just Sit Relax and Follow Advisory”.
Yours portfolio is always being monitored by us . Incase there is any change required in the portfolio ,we will be informing you through email/sms/and finally may be via personalised call. Our advisory will be shown in the “Recommendations “ part of “Dashboard”. We always keep a transparent log of our recommendations on the portfolio, so you can well draw out at any given point of time the quality of our recommednations to your portfolio.
8) Why donot I have a choice for funds ?
Choice is yours, very right?.
Once you part of Mybillions family , Our SEBI registered advisors ,with the help of advanced AI based technology ,will be helping you with the portfolio. They have multi year experience in handling portfolios . We believe that it is best if only Mybillions advisor drives the portfolio.
But, yes if you still feel that you can handle your portfolio they are multiple sites available where you can do investing in Direct funds.
But , do evaluate if you can spare the best of your time and required expertise to the investments, particularly in this tough dynamic world.
9) Do you use “Regular” or “ Direct” funds?
We use only direct funds for in our portfolio’s and recommendations.
10) How do Mybillions earn?
Like many sites we are not free advisory site. We strongly believe that there is nothing free in this world even if looks free at first site.
We earn our revenue from the fee paid by the investor/member.
There are two types of fee:
Annual Membership Fee: To cover the fixed cost of servers/research tools etc. Currently it is Rs 1500/- plus taxes
Monthly Advisory Fee: We have two models to choose from
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AUM based Monthly Fee
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Unique Higher Watermark Profit Model
11) How does AUM base Monthly Fee work?
Fee will be calculated on the closing assets every month
For eg:
01/01/2019 31/01/2019
Opening asset Closing Asset
100000 100500 (Assuming there is Gain)
Fee will be calculated on 100500/-
Currently we are charging fee of 0.08333% per month
So, the fee will be 100500 * 0.08333% = Rs 83.75
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01/02/2019 28/02/2019
Opening asset Closing Asset
100500 97000 (Assuming there is loss in the month)
Fee will be calculated on 97000/-
Currently we are charging fee of 0.08333% per month
So, the fee will be 97000 * 0.08333% = Rs 81
12) How does Unique Higher Watermark Profit Model work?
Fee will be calculated on the closing gains every month
For eg:
01/01/2019 31/01/2019
Opening asset Closing Asset
100000 100500 (Assuming there is Gain)
Fee will be calculated on gain of Rs 500/-
Currently we are charging fee of 10%
So, the fee will be 500 * 10% = Rs 50
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01/02/2019 28/02/2019
Opening asset Closing Asset
100500 97000 (Assuming there is loss in the month)
Fee will be ZERO as there is no profit in the month
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01/03/2019 31/03/2019
Opening asset Closing Asset
97000 101000 (Assuming there is gain in the month)
Fee will be calculated as below
97000 - 101000 = Rs 4000 (Gain for this month)- (Minus) Loss incurred in the last month
100500 – 97000 = Rs – 3500
i.e. 4000-3500 = 500
Hence, fee will be calculated on 500 i.e. 500*10% = Rs 50
Loss and accumulated loss (if any) will be carried forward in the bill and will be settled against the gains in future period.
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13) Will mybillions Advisor help in preparing goals and other help needed?
Mybillions Advisor will always be there to help you; we are just a mail and call away.
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