TPFM fees
Work out the authorisation fee and the conditional recurring fee, based on the number of third-party managers.
Source: TPFM fee circular.
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Authorisation: USD 2,500 on applying and USD 7,500 before grant (one-time).
Conditional recurring fee: USD 2,000 a year
USD 2,000 per third-party manager, payable in April from the next financial year, on top of the flat recurring fee.
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Worked example
An FME manages schemes for 3 third-party managers.
What to notice: The one-time authorisation fee is fixed; the recurring fee is charged per third-party manager.
Result
14 Oct 2026Answer the questions to see your result here.
Outcome
Your TPFM fees
Authorisation: USD 2,500 on applying and USD 7,500 before grant (one-time).
Conditional recurring fee: USD 2,000 a year
USD 2,000 per third-party manager, payable in April from the next financial year, on top of the flat recurring fee.
In simple terms
Conditional recurring fee: USD 2,000 a year. This is an indicative check against the provision named above. If the result is close to a limit or your facts are unusual, have it reviewed.
The figures
| Third-party managers | 1 |
|---|---|
| Authorisation fee, on applying (one-time) | USD 2,500 |
| Authorisation fee, before grant (one-time) | USD 7,500 |
| Conditional recurring fee per manager | USD 2,000 a year |
| Conditional recurring fee | USD 2,000 a year |
How this is worked out
- Authorisation fee: USD 2,500 on applying and USD 7,500 before grant (one-time).
- Conditional recurring fee: USD 2,000 per third-party manager a year, payable in April from the next financial year, on top of the flat recurring fee.
Regulatory source
TPFM fee circularRelevant provisions
TPFM fee circular. See the source library for the full text.
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Expert review
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Company Secretary & Compliance Officer, Global Horizons Capital Advisors (IFSC) Private Limited · FCS · 13+ years in compliance and governance
A tool points the way. CS Prashant Kumar checks your facts, structure and documents, then gives you a written view and a clear path to registration and compliance.
Each calculator gives an indicative result based on the figures entered and the provision named on it. It is not legal or professional advice. Check the full provision and your own facts, including any extension or relaxation granted.
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CS Prashant Kumar
Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker
Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)
Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.