> For the complete documentation index, see [llms.txt](https://docs.guru.fund/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.guru.fund/how-guru-works/fee-structure.md).

# Fee Structure

## Amount

* Fund Creation: $100 — 100% buy back + burn $GURU

## Fund creation

* Minimum deposit: $100
* The minimum deposit is fully withdrawable later minus the $100 burn fee.

## Deposit

* Fee: 1%
  * Allocation: ½ burn $GURU, ½ Vault
* Discount: If holding 50k $GURU, fee is 0.5%

## Withdrawal

* Fee: 20% on profits only
  * Allocation: ¼ burn $GURU, ½ Fund Manager (Guru), ¼ Vault
* Discount: If holding 50k $GURU, fee is reduced by 25%
* Discount: If the fund holds 5% of its asset weight or more in $GURU, additional 25% reduced fee

## Management Fee

* 2% yearly
  * Allocation: ½ Fund Manager (Guru), ½ Vault

## Swaps

* Swaps incur a 0.2% spread.