2.1.5.1 Holding Limit for Investor Category

This topic provides information on holding limit for investor category button.

You can specify the limits in terms of units that can be allowed for any given investor category. You may either skip this maintenance or specify limits for one or more investor categories. Use the Holding Limit for Investor Category screen to specify the limits.

1. Click Holding Limit for Investor Category button from the Share Characteristics screen.
   The Holding Limit for Investor Category screen is displayed.

   Figure 2-4 Holding Limit for Investor Category

   
   

   
   Description of "Figure 2-4 Holding Limit for Investor Category"

   
   
2. On Holding Limit for Investor Category screen, specify the fields.
   For more information on fields in the screen, refer the below table.

   Table 2-8 Holding Limit for Investor Category

   Field	Description
   Fund ID	Display This field indicates the ID fund for which you are setting up the Shares Characteristics profile. This information is defaulted from the Fund Demographics screen.
   Rule Effective Date	Display The Rule Effective Date for the fund, which you specified in the Fund Demographics screen, is displayed here.
   UH Category	Alphanumeric; 2 Characters; Mandatory Enter one of the valid investor categories. During unitholder amendment the system will validate if the amendment breaches the limit set up at the investor category level. System will not allow the amendment if the limits are breached and displays an appropriate error message.
   Maximum Registered Units	Numeric; 27 Characters; Optional Specify the Maximum Registered Units.

3. Click Add icon to add details on Investor Category. Similarly you can click Delete icon to delete the details.

   The allocation of the following transactions will be impacted:

   • IPO Subscription
   • Subscription
   • Transfer
   • Switch In

   System will check if any limit has been set for the maximum registered capital at the fund level as well as fund - investor category level. If yes, system will calculate the balance in the fund at the fund level as well as investor category level, after considering the effect of the transaction to be allotted. If any of the limit is breached the transaction will not be allocated and marked as error. This transaction will get picked up in the subsequent EODs and may or may not be allotted based on the holding on that day. The validation for the balances will always be made for the latest fund rule only, regardless of the transaction being backdated or current dated.