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An Accredited Investor is an individual:

1. Whose net personal assets exceed in value SGD 2 million (or it's equivalent in a foreign currency) with value of his/her primary residence capped at SGD 1 million, or

2. Whose financial assets (net of any related liabilities) exceed in value SGD 1 million (or it's equivalent in a foreign currency), or

3. Whose income in the preceding 12 months is not less than SGD 300,000 (or it's equivalent in a foreign currency)

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If account value is less than USD 50,000 -

NIL (if 25 or less client-initiated trade per calendar year; every SIP initiation is considered as 1 buy), else Custody and Asset Operating Fees at actuals charged to the Account by the Partner broker (i.e. Saxo Capital Markets).

If account value is more than USD 50,000 -

0.3% of account value charge is applicable, computed monthly on calendar month-end account value, charged quarterly and Custody and Asset Operating Fees at actuals charged to the Account by the Partner broker (i.e. Saxo Capital Markets).

Kristal Freedom Account Fund Movement Fee

Fee Item Kristal Freedom Account
Funds Deposit
USD Upto USD 25
SGD NIL
HKD NIL
AUD Upto USD 250
EUR Upto USD 250
GBP Upto USD 250
Deposit Threshold NIL (USD 1000 recommended)
Funds Withdrawal
USD Upto USD 50
SGD NIL
HKD NIL

FX Conversion

Where required shall be executed at 0.05% from the Market Rate. The Market Rate available to Kristal.AI is the Rate made available by the relevant brokers.

Note -

If Sender indicates Sender charges = 0, sending cost will be deducted (in addition to the above) by the receiving bank and paid back to the Sending bank and/or its Correspondent bank as applicable.

Additional charges levied by Clients’ bank may apply on transfers and FX conversions done in Clients’ bank account.

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Kristal Private Wealth Account Fees and Charges

Non Fund Kristal account value if less than USD 50,000 -

Custody and Brokerage at actuals, charged to the Account by the Broker (i.e. Saxo Capital, Interactive Brokers).

Non Fund Kristal Account value if greater than USD 50,000 -

- 0.30%p.a. of A/C value > US $50,000, computed MONTHLY on calendar month-end account value, charged QUARTERLY.

- Custody and Brokerage at actuals, charged to the Account by the Broker (i.e. Saxo Capital, Interactive Brokers).

Fund Kristal fee in accordance with Factsheet.

Fee Item Kristal Private Wealth Account
Funds Deposit
USD Upto USD 50
SGD NIL
HKD N/A
AUD Upto USD 250
EUR Upto USD 250
GBP Upto USD 250
Deposit Threshold NIL (USD 25000 recommended)
Funds Withdrawal
USD Upto USD 50
SGD NIL
HKD NIL

FX Conversion

Where required shall be executed at 0.05% from the Market Rate. The Market Rate available to Kristal.AI is the Rate made available by the relevant brokers.

Note -

If Sender indicates Sender charges = 0, sending cost will be deducted (in addition to the above) by the receiving bank and paid back to the Sending bank and/or its Correspondent bank as applicable.

Additional charges levied by Clients’ bank may apply on transfers and FX conversions done in Clients’ bank account.

Kristal Managed Investment Account Fees and Charges

Fixed Income account value is equal to or greater than 80% of Total account value -

0.20%p.a. of Total account value, computed MONTHLY on calendar month-end Total account value, charged QUARTERLY.

Fixed Income account value is less than 80% of Total account value -

0.50%p.a. of Total account value, charged QUARTERLY, computed MONTHLY on calendar month-end Total account value.

Brokerage Account operating and maintenance charges ADDITIONAL in accordance with your Agreement with Broker.

Money transfer and FX conversion charges in accordance with your agreement with Broker.

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This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial institutions, large corporates, high net worth individuals and sophisticated investors.

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Opinions5 Mins Read

CRISIL downgrades India’s FY21 growth forecast at 1.8% from 3.5%

On April 27th, the domestic rating agency CRISIL nearly halved India’s economic growth rate to 1.8 percent, projecting a total loss of Rs 10 lakh crore. The initial gross domestic product (GDP) growth estimate of 6 percent for 2020-21 (FY21) was revised to 3.5 percent in late March.

Another rating agency India Ratings and Research (Ind-Ra) has also revised its FY2021 economic growth forecast for the country down to 1.9 percent. This will seemingly be the lowest in the last 29 years.

The second revision came after the lockdown to curb the spread of the Covid-19 pandemic was extended till May 3rd. Some economists across the country have scrutinized the step taken by the government on the extension, and consequently, are expecting a contraction in the economy in the fiscal year 2021.

The overhanging threat of the coronavirus pandemic has policymakers in jitters, making them wonder if they should, at all, extend the lockdown beyond May 3rd, as this could lead to graver implications on our country’s economy, more so a massive loss of GDP.

So what does this mean for you?

  • What started as a crisis of confidence, has now become a real financial crisis. This crisis started outside the financial markets. The markets crashed as no one was sure what will be the impact of the virus. But after 40 days in lockdown, the impact is getting clearer and is as bad as everyone expected.
  • Markets will take longer to return to pre-COVID levels. The expectation that markets will bounce back as fast they crashed, has weakened. Since we still don’t have a vaccine for COVID-19, it means that there is a real chance of the second wave of infections. The consumer behaviors are expected to fundamentally shift to a new normal. It will take time for businesses to adapt to this change.
  • Markets expected this reality: The CRISIL news didn’t really surprise anyone. The stock market didn’t react much after this news came out. The impact on the economy is now apparent to most investors & corporates.
  • Stay long, stay invested. Most of the times it makes sense to stay invested in the markets for the long term as timing the exit and then re-entry is a futile exercise. But the recent shake-up in the corporate debt market and its potential to significantly dent overall portfolio returns is a real concern. Kristal has helped many clients exit from corp bonds to govt backed securities, namely Bharat Bond, Gilt Funds. Feel free to connect with your RM if you are in a similar situation or share your CAMs/CAS report at myscan@kistal.ai

Self-reliance will be name of the game, at an individual, country, and company level. People will seek financial fitness to safeguard themselves against such events in the future.

Disclaimer

The materials and data contained herein are for information only and shall in no event be construed as an offer to purchase or sell or the solicitation of an offer to purchase or sell any securities in any jurisdiction. Kristal Advisors does not make any representation, undertaking, warranty or guarantee as to the update, completeness, correctness, reliability or accuracy of the materials and data herein. All opinions, forecasts or estimation expressed herein are subject to change without prior notice. Kristal Advisors and its affiliates accept no liability or responsibility whatsoever for any direct or consequential loss and/or damages arising out of or in relation to any use of opinions, forecasts, materials and data contained herein or otherwise arising in connection therewith.

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