Explain an AMC scheme NAV exception

At a mutual fund, reconcile custodian positions, corporate actions, transactions and valuation inputs against the fund-accounting calculation. Fund accounting resolves source differences and escalates pricing judgements to the authorised valuation process before publication.

A new source file arrives or the scheduled reconciliation period closes.

People in the process

FFund AccountingProcess Owner
CCustodianParticipating Team
IInvestment TeamParticipating Team
TTrustee OversightParticipating Team

Records it works with

Source ledgers and transaction schedules
Bank, counterparty or operating records
Approved adjustments and prior exceptions

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Configure for the SEBI registration, exchange membership and business activity. Broker, fund, portfolio-manager and investment-adviser requirements are separate.

Keep the work connected.

Fund & Portfolio Operations

Resolve unit-holder transaction exceptions

For an AMC, connect the registrar’s rejected or pending subscription/redemption record to bank receipt, application, KYC and scheme cut-off evidence. Investor services decides the response under scheme rules and traces the corrected unit record.

RFC

Fund & Portfolio Operations

Carry an AIF capital call to reconciled receipts

For an AIF scheme, relate investor commitments, approved drawdown notice, bank receipts and equalisation or default terms. Fund operations resolves short or misallocated contributions with investor relations before marking capital available for the approved investment.

IFI

Fund & Portfolio Operations

Explain an AIF distribution to each investor

Reconcile realisation proceeds, fund expenses, waterfall model and investor-specific economics with the governing documents. Fund accounting prepares the allocation, and the manager approves distribution notices and payment instructions after review.

IFI

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Order for the work. Room for the people.