Fund Setup
The flexible Fund Setup feature of INVESTRAK provides numerous choices to the user, such as Valuation Frequency (Daily, Weekly etc.), Valuation cut-off time (12 Noon, 2PM etc.), Load Types and Public Offer Price (POP) calculation, Bid / Offer type pricing or NAV based pricing, Decimal places for amount, Units, NAV etc., Financial Year definition, CDSC charge basis, Free Shares and Reinstatement Privilege. The very procedure of setting up or defining a Fund involves choosing between multiple options for each feature Fund Option allows the administrator to specify Fund permissions for:
- Entry Load.
- Exit Load .
- Liens, Switches, Transfers.
- Systematic Transactions.
- Loads for Switches and Transfers.
Load Setup
INVESTRAK allows setup of load in percentage terms for each Fund based on time periods and assets. Every transaction type / sub-type can be associated with a load structure. Entry loads can be transaction based or cumulative asset based. Exit loads can be asset based and / or time based. Loads of all types can be Fund or Distributor specific. |
