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 .
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)
CAclubindia
