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The Return Calculator projects a 6-year private-credit vehicle on a quarterly cycle. Capital is drawn on the editable schedule; NAV accrues at the gross XIRR, is reduced by management fee + opex (both inflated by GST), interest cost on any leverage, and carry above the 10% hurdle. The investor receives a quarterly coupon, seven step-up redemption premiums in years 5–6, and a Q25 balloon computed to reconcile the gross XIRR to the fund's quarterly coupon waterfall. Net identity: Net = Gross − (MgtFee + Opex) × (1 + GST).

The Post-Tax Calculator applies Sec 115BAC new-regime slabs with full surcharge on ordinary income and the 15% surcharge cap on capital gains under Secs 111A / 112 / 112A. Sec 50AA treatment (FA 2024) is used for unlisted bond/debenture gains — STCG regardless of holding period. Pvt Ltd tax regime is selectable (115BAA, 25%, or 30% baseline). LLP at 30% flat plus 12% surcharge above ₹1 Cr (capped at 15% on CG). Cess at 4% throughout.

Illustrative upside from secondary sell-downs (~2% typical yield compression) is not modelled. Real-world deployment drag, prepayments, credit events, and reinvestment rate risk can move realised IRR in either direction. The ₹1.25L Sec 112A exemption is intentionally not applied — conservative. TDS at 10% on distributions is an advance tax credit, not an additional cost.

Mosaic Asset Management is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund (AIF). This page contains illustrative calculations only and does not constitute an offer, solicitation, or recommendation to invest. All figures are pre-tax unless stated. Investors should refer to the Private Placement Memorandum (PPM) and contribution agreement, which govern in case of any conflict. Tax treatment is indicative; investors should consult their tax advisor.