A.M.C.

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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)



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 CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries