1.2.2 Process Fund Families

This topic provides the instructions to process fund families screen details.

You can use the Fund Family Detail screen to maintain fund families and umbrella fund hierarchies. The lower levels of the fund hierarchy, for both Umbrella and non-umbrella funds may be set up in this screen.

  1. On Home screen, type UTDFNDFM in the text box and click Next.
  2. Select New from the Actions menu in the Application tool bar or click New icon to enter the details of a new fund family.
    The Fund Family Detail screen is displayed.

    Figure 1-1 Fund Family Detail


    Description of Figure 1-1 follows
    Description of "Figure 1-1 Fund Family Detail"

  3. On Fund Family Detail screen, specify the fields.

    In the system, switching transactions that involve switching of a unit holder’s units from one fund to another are dependent on the fund family setup for non-umbrella funds and the fund hierarchy for umbrella funds.

    For more information on fields in the screen, refer the below table.

    Table 1-1 Fund Family Detail

    Field Description
    Family ID Display

    The system displays a unique Identification for the fund family.
    ROI Calc Optional

    If ROI calculation is applicable for the family which is being set up, select Yes from the drop-down list. Else select No.
    Swinging Price Basis Mandatory

    This field displays whether the swinging price is applicable for the fund family or not. The available options are:

    • No
    • Swinging Price
    • Semi Swinging

    This field is applicable if swinging price is applicable for fund families.

    Reference Currency Alphanumeric; 3 Characters; Optional

    Specify the reference currency. This field is applicable only when the swinging price basis is selected as Swinging Price or Semi Swinging. The mid currency exchange rate is used for currency conversion.

    Dilution Levy Applicable Optional

    Select if dilution levy is applicable to the fund family level or not from the drop-down list. The list displays the following values:

    • Yes
    • No

    If you have selected Dilution Levy Applicable as Yes at Fund Family Detail screen then, at fund level, Dilution Levy Applicable field should be selected as Yes only.

    Family Description Alphanumeric; 100 Characters; Optional

    Enter a brief description of the fund family that is being set up.
    Portfolio Type Optional

    If the family being set up is to have a portfolio type, select Yes from drop-down list.

    Umbrella Fund Mandatory

    If the family being set up is to be an umbrella fund, select Yes from the drop-down list. If a fund is designated as an umbrella fund, the hierarchy must be maintained up to level 3, those are fund families, umbrella funds and sub-funds.
    Exchange Rate Source Alphanumeric; 20 Characters; Optional

    This field displays the Exchange Rate Source. This field is applicable only when the swinging price basis is selected as Swinging Price or Semi Swinging.

    Inflow Breach Factor(%) Numeric; 5 Characters; Optional (Mandatory if Dilution Levy Applicable is selected as Yes)

    Specify the inflow breach factor to calculate the inflow breach value.
    Outflow Breach Factor(%) Numeric; 5 Characters; Optional (Mandatory if Dilution Levy Applicable is selected as Yes)

    Specify the outflow breach factor to calculate the outflow breach value.

    Table 1-2 Fund Family Detail - Fund Family

    Field Description
    Family ID Alphanumeric; 6 Characters; Mandatory

    Enter a unique Identification for the fund family. This value should not be a valid Family ID already existing in the system.
    Family Description Alphanumeric; 100 Characters; Optional

    Enter a brief description of the fund family that is being set up.
    Fund Level Mandatory

    Select the fund level from the drop-down list. The list displays the following values:

    • One
    • Two
    • Three
    Immediate Parent ID Alphanumeric; 6 Characters; Mandatory

    Select the Immediate parent ID from the option list. The option list contains list of all existing fund families. Select a valid entry for the relevant Fund Family ID.

    Ref Types for sales Consideration Mandatory only if Swinging Price Basis is not No and if f Dilution Levy Applicable is selected as Yes

    Select Include or Exclude to indicate whether reference type needs to be used for net sales computation or not.
    Transaction Type Alphanumeric; 6 Characters; Mandatory

    Select the transaction type to be mapped for sales consideration computation from the option list. The following values are listed in the option list:

    • 01
    • 02
    • 03
    • 04
    • 54
    Transaction Type Description Display

    The description of the selected transaction type is displayed in this field.
    Reference Type Alphanumeric; 2 Characters; Mandatory

    Specify the reference type which is used for sales consideration computation.
    Ref Type Description Display

    The description of the selected reference type is displayed in this field.

    Transaction Type Alphanumeric; 2 Characters; Mandatory

    Specify the transaction type for which the swinging price is to be applied.
    Transaction Description Display

    The system displays a description of the selected transaction.

Parent topic: Fund Hierarchy Setup