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, "Periodic Load Maintenance"

7.1 Periodic 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.

 

Sub Type

Alphanumeric; 3 Characters; 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.

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.

On Authorization, of Periodic Load Maintenance, the system will support quarterly average holding method with yearly payment frequency only.

Transaction Choose Basis

Alphanumeric; 1 Character; Optional

Specify the transaction choose basis details. Alternatively, you can select transaction choose basis details from the option list. The list displays all valid transaction choose basis maintained in the system.

Transaction Choose Basis Description

Display

The system displays the description for the selected transaction Choose basis value as follows:

• Methodology 1 - Subscription and Redemption for trade date, T, is only accounted for Total Units on T + 1 (Where T + 1 includes all non-trading day)
• Methodology 2- Subscription and Redemption for trade date, T, is only accounted for Total units on T + 1 (where T + 1 excludes all non-trading day)
• Methodology 3- Rejection for trade date, R, is accounted for Total units on R – 1 (where R-1 includes all non-trading day)

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