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 .
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)
¬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)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
