Detail View

Validation

INVESTRAK has multiple in-built validation controls to validate transactions both at the time of feeding the data as well as during processing. Based on the selection of various Fund Option features for a particular Fund, validations such as Minimum Amount of Investment / Redemption, FIFO / LIFO method to be followed for Redemptions, applicability of Taxes based on Tax Status, Posting Holidays etc. are enforced. At the Validation process Level, warnings as well as errors based on the criticality of the information are given.

NAV Updation

NAV and bid / offer prices can be accepted via the NAV update screen. The system will also accept a structured NAV feed from an external Fund Accounting system. System provides for Multiple NAVs per day for a Fund.

Posting

Posting process posts the validated transactions to the transaction table. All the necessary updates are carried out at one stroke. Posting Control Reports are generated and sent to the Fund to enable them to update the Unit Capital account.