--- title: "Net return, charges and cost per year | RupeeCase" description: "Net return is the model after estimated charges. The Charges card shows before and after over the full history; cost per year is the yearly estimate." source_url: "https://www.rupeecase.com/learn/terminal/net-return-and-charges" --- ## Watch: Net return, charges Net return: the model over its full history, after charges.Net return and charges: what do estimated costs take? 5 chapters, 0:47, with voice and music 1. [Chapter 1Where it is0:09](/instiv2/media/tut3/net-return-and-charges-where-phone-dark-v3-va2.mp4) 2. [Chapter 2What it means0:16](/instiv2/media/tut3/net-return-and-charges-meaning-phone-dark-v3-va2.mp4) 3. [Chapter 3Worked example0:06](/instiv2/media/tut3/net-return-and-charges-example-phone-dark-v3-va2.mp4) 4. [Chapter 4How to read it0:06](/instiv2/media/tut3/net-return-and-charges-reading-phone-dark-v3-va2.mp4) 5. [Chapter 5Watch out0:10](/instiv2/media/tut3/net-return-and-charges-watch-phone-dark-v3-va2.mp4) Screens from the RupeeCase app on sample data. Strategy figures are model, back tested, as of the date on screen. Formula and example numbers are illustrative. Mark as watched 2In this screen ## Every button the video points at. A still from each chapter with its buttons and fields numbered. Pick a number to zoom in on it; hover the still for a close up; Esc shows the whole screen again. Sample data, no order is placed. **1**Where it is**2**What it means ### Chapter 1: Where it is 1 Show the whole screen 1 Show the whole screen 1. 1**After estimated charges**Net return: the model over its full history, after charges. Shown in the video, not on this still ### Chapter 2: What it means 1 Show the whole screen 1 Show the whole screen 1. 1**Before and after**The Charges card shows the return before and after charges. Shown in the video, not on this still ## Where it is ScreenMarketplace and Strategy (Returns tab)Basic Net return on each card, Cost per year in the key figures and the Charges card in the Returns tab. All three always show in Basic. Index in this video: [Allcap](/strategies/allcap) (strategy page). ## What it means Every model figure in the app is after estimated charges. Net return is the model's total return over its full history after those charges. The Charges card shows the return before and after charges and the gap in points of a 100 start. Cost per year is the server's yearly estimate, and opens a breakup by kind of charge when one is shown. ## The formula Net return is the model's final value, after charges, less its start of 100. The Charges card gap is the before figure less the after figure. As computed in the RupeeCase app`Net return = model value at the end, after charges, with the start set to 100, minus 100 (full history) Charges (points) = return before charges - return after charges, full history Cost per year = the estimated yearly charges, to 2 decimals; n/a under half a year; where a figure is served it opens a breakup by kind of charge` ## Worked example Example only * Before charges the model goes from 100 to 300: +200% * After estimated charges it ends at 280: +180% * Charges: 20 points of a 100 start ## How to read it * A strategy that trades more often usually shows a bigger gap. * Compare net returns, not before charge returns. * Where Cost per year shows a figure, tap it for the breakup by kind of charge. Your own charges per event are on the portfolio Ledger tab. ## Watch out * The Charges card is always full history, even when the period chips change. * The charge type labels differ across tips; slippage is not in the estimate. * Taxes on your gains are not included. ## Transcript Tap Sound on for voice and music. These are the captions of the video, chapter by chapter. 1. 0:00**Where it is.** Net return: the model over its full history, after charges. 2. 0:09**What it means.** The Charges card shows the return before and after charges. 3. 0:25**Worked example.** Worked example, example only: Before charges the model goes from 100 to 300: +200%. After estimated charges it ends at 280: +180%. Charges: 20 points of a 100 start. 4. 0:31**How to read it.** How to read it: A strategy that trades more often usually shows a bigger gap. Compare net returns, not before charge returns. Where Cost per year shows a figure, tap it for the breakup by kind of charge. Your own charges per event are on the portfolio Ledger tab. 5. 0:37**Watch out.** Watch out: The Charges card is always full history, even when the period chips change. The charge type labels differ across tips; slippage is not in the estimate. Taxes on your gains are not included. ## Terms in this tutorial * [transaction cost](/learn/glossary#transaction-cost)All costs of trading including brokerage, STT, exchange charges, GST, and slippage. * [STT](/learn/glossary#stt)Securities Transaction Tax. * [slippage](/learn/glossary#slippage)Difference between expected trade price and actual execution price. * [turnover](/learn/glossary#turnover)Percentage of portfolio that changes in a rebalance. ## Learn it in depth * [Module 1.5: Orders, Costs & Taxation12 min read, free](/learn/path-1/module-1-5-orders-costs-taxation) * [Module 10.2: The Real Cost of Trading: Slippage & Transaction Costs11 min read, free](/learn/path-10/module-10-2-the-real-cost-of-trading-slippage-and-transaction-costs) TKeep watching ## Next tutorial. [0:58Next tutorial, Read a strategyThe key figures card: what are the four lead figures?The key figures card recomputes each figure over your chosen period against the chosen benchmark, with four lead figures first and the rest after them.Watch next](/learn/terminal/key-figures-card) ### Related tutorials * [0:56Read a strategy, BasicRebalance cadence: how often does the strategy trade?0:56 video, BasicWatched](/learn/terminal/rebalance-cadence) * [1:09Start here, BasicModel history or your portfolio: which numbers am I looking at?1:09 video, BasicWatched](/learn/terminal/model-history-vs-your-portfolio) * [1:34Read a strategy, BasicHoldings, Returns, Risk, History: what is in each tab?1:34 video, BasicWatched](/learn/terminal/strategy-tabs) [All 67 terminal tutorials](/learn/terminal/) Try it in Practice ## See it on your own screen. Practice mode runs the whole terminal without real orders, so you can open any strategy and find every screen from this tutorial for yourself. [Sign up for RupeeCase](https://invest.rupeecase.com/signup)[Glossary](/learn/glossary) Explore next ## Keep learning the terminal. * [TutorialGrowth per year: how fast did the model grow?1:06 video, Basic](/learn/terminal/growth-per-year) * [TutorialMax drawdown: how bad did it get?0:56 video, Basic](/learn/terminal/max-drawdown) * [TutorialThe riskometer: what sets Low to Very High?0:45 video, Basic](/learn/terminal/riskometer) * [TutorialMinimum investment: why does each strategy have one?0:51 video, Basic](/learn/terminal/minimum-investment) * [TutorialRs 10,00,000 became: what do the hero figure and periods show?1:08 video, Basic](/learn/terminal/hero-figure-and-periods) * [TutorialThe benchmark line: what is the strategy compared with?0:57 video, Basic](/learn/terminal/benchmark-line) Community ## Join my WhatsApp group. Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me. [Sign up for RupeeCase](https://invest.rupeecase.com/signup) [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7) [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera Education only, not investment advice. Screens are recordings of the RupeeCase app on sample data. Strategy figures are model, back tested and after estimated charges, as of the date on screen; they are not client returns and not a promise of future returns. Formula and worked example numbers are illustrative. RupeeCase is a technology platform operated by QC Alpha Technologies Pvt Ltd; it is not a mutual fund, a PMS, an AIF or a SEBI registered investment adviser. Trades execute through your own SEBI registered broker and the shares sit in your own demat. Investments in securities markets are subject to market risks.