7. Periodic Load

For a Unit Trust (UT) transaction, periodic loads are maintained at the Fund level. For a Life and Endowment Product, the periodic load is maintained at the Product level.

You can apply a periodic load to a Product and also to the underlying fund.

This chapter contains the following sections:

• Section 7.1, "Period Load Maintenance"

7.1 Period Load Maintenance

This section contains the following topics:

• Section 7.1.1, "Invoking the Periodic Load Maintenance Screen"

7.1.1 Invoking the Periodic Load Maintenance Screen

The Periodic Load Maintenance screen (shown below) facilitates the same. You can invoke the ‘Periodic Load Maintenance Detail’ screen by typing ‘UTDPERLM’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

If the periodic fee is maintained at the product level, then during periodic load accrual, the amount in fund base currency gets converted to product base currency to derive the load slab.  The computation will happen in fund base currency.

Sub Type

Alphanumeric; Optional

Specify the sub type to map the transaction sub type created earlier (69A or 69B or 86A) for Fee/incentive Transaction (‘69’/’86’) for given periodic load setup.

Refer to the chapter ‘Setting Up Loads’ in Volume I of the Fund Setup User Manual for further information on applying periodic load.