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)
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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)
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23 September 2010 is it ok

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