A.M.C.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 September 2010 what is the meaning of 40% networth A.M.C. and how to calculate nav market value .Who is unit holder in mutual fund .Who is trustee company .

ALLU

ALLU (Expert)
Follow

05 September 2010
¬NAV= NET ASSET VALUE OF PARTICULAR SCHEME
THE FOMULA IS

= (FIAR VALUE OF THE FORFPLIO-EXPENSES+RECEIVABLES)/NUMBER OF CLOSING UNITS

NUMERATOR : THIS IS WILL BE ARRIVED BY THE FUND MANAGER AT THE EOD ...THROUGH FUNDS INVESTED IN THE STOCK MARKET

DENOMINATOR : OUSTANDING UNITS

THIS IS WILL BE SENT BY THE PROCESSING CENTRES AFTER ALL TRANSACIONS HAVE DONE,
THIS IS CALLED UCR(UNIT CORPUS RECONCILLATION)

NAV SHOULD BE DECLARED IN SEBI SITE BY EVERY AMC(ASSET MANAGEMNT COMPANY ) BEFORE 9:00 PM EVERY DAY

2)

UNIT HOLDER:
THE PERSON WHO BOUGHT THE UNITS IN MUTUAL FUNDS ARE CALLED "UNIT HOLDERS" AND THEY DONT POSSES THE OWNERSHIP SHARE IN THE COMPANY ...UNLIKE IN THE STOCK MARKET

THIS IS THE TIER POSITION

SPONSOR (who has money and wants to set up trust)
TRURSTEE (Appointed by SPONSOR with approval of SEBI)

AMC (EG: Reliance capital R&T
(KARVY)

ALLU

ALLU (Expert)
Follow

23 September 2010 is it ok

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Prashant Asawa

Chnmaya parhi

JACOB ABRAHAM KURIALANICKAL

Somnath Maiti

Joyashish Maitra

Subscribe Now

A.M.C.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA