1.19 Mock Processing for Accumulation

This topic provides information on Mock Processing for accumulation.

Specifications for Mock Accumulation

When a dividend is declared for a fund, the AMC typically informs investors about the dividend distribution, through the Income Advice, which would contain the distribution details for each investor, based on the Income Distribution Setup defined for the investor.

When dividend declaration for the fund is not envisaged, the AMC would inform the investors about the projected income distribution through an accumulation report.

Simulate mock process a dividend for a fund, you could also mock process income distribution accumulation details in respect of a fund, to obtain the projections.

1. On Home screen, type UTDMOCKD in the text box, and click Next.
   The Mock Dividend Detail screen is displayed.

   Figure 1-16 Mock Dividend Detail

   
   

   
   Description of "Figure 1-16 Mock Dividend Detail"

   
   
2. Process a mock accumulation in the same manner as you would a mock dividend.
3. Make specifications for the mock accumulation, in the Mock Dividend Detail screen as follows:
   1. Make the mock accumulation authorized by a user with requisite rights in the Mock Dividend Summary screen.
   2. Process the mock accumulation through the Mock Dividend Detail screen.

   Note:

   Mock processing does not perform any actual accumulation processing; the details obtained are projected details for viewing only and are not results of actual accumulation processing.
4. Select Accumulation in the Projection Type field in the Mock Dividend Detail screen.
   The specifications that you could indicate in the Mock Dividend Detail screen for accumulation are similar to those you would make for mock dividend processing, except that you must select Accumulation in the Projection Type field.