3.13.1 Process Fund Preference Maintenance

This topic provides the instructions to invoke fund preference maintenance details.

You can maintain fund preferences using Fund Preference Maintenance screen. For multi switch transactions, based on the maintenance the system will generate pseudo switch-In transactions at allotment or settlement of PS-Out leg.

  1. On Home screen, type UTDFPMNT in the text box and click Next.
    The Fund Preference Maintenance screen is displayed.

    Figure 3-16 Fund Preference Maintenance


    Description of Figure 3-16 follows
    Description of "Figure 3-16 Fund Preference Maintenance"

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

    Table 3-17 Fund Preference Maintenance

    Field Description
    Fund ID Alphanumeric; 6 Characters; Mandatory

    Specify the fund ID for which the preference needs to be captured. Alternatively, you can select Fund ID from the option list. The list displays all valid fund ID maintained in the system.

    The system will validate the fund ID for the unique record.

    Note: In GTA setup and in case of Hedge Fund, field Fund ID should belong to the same Segment as Linked Hedge Funds.

    Fund Name Display

    The system displays the name of the fund for the selected Fund ID.

    Fund Domicile Display

    The system defaults the fund domicile based on the Fund ID selected.

    Short Trade Days Numeric; 22 Characters; Mandatory

    Specify the Short Trade Days.

    Average Cost Computation Basis Optional

    Select the Average Cost Computation Basis from the drop-down list. The list displays the following values:

    • Net - If you select this option, the system will use net amount in average cost computation.
    • Gross - If you select this option, the system will use gross amount in average cost computation.

    By default, Net option will be selected.

    For off-shore fund, the system will not consider the values selected in this field for average cost computation. For off-shore fund, it is always Gross Amount.
    DRSP Allowed Mandatory

    Select if DRSP is allowed for a fund or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Investor Risk Check for RIS Generation Optional

    Select if investor risk is checked for RIS generation from the drop-down list. The list displays the following values:

    • Yes
    • No
    Switch-In generate at Optional

    Select the pseudo switch-in transaction generate at option from the drop-down list. The list displays the following values:

    • Settlement
    • Allotment
    DRSP Minimum Amount Numeric; 18 Characters; Optional

    Specify the DRSP minimum amount required for a DRSP transaction.
    DRSP Maximum Amount Numeric; 18 Characters; Optional

    Special the DRSP maximum amount allowed for a DRSP transaction.
    Dilution Levy Applicable At Optional

    Select Dilution Levy Applicable At transaction level from the drop-down list. The list displays the following values:

    • Not Applicable
    • All Transactions
    • Specific Transaction

    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.

    You should select Dilution Levy Applicable At field as All Transactions only at Fund Preference screen.

    If Dilution Levy Applicable at Fund level is Yes and Fund family level is No then, then you can select either All Transactions or Specific Transaction option.

    If Dilution Levy Applicable at Fund level is No then, you should select Not Applicable option.

    Refer the Table 3-18 for the dilution levy load applicability.

    Fund Time Zone Mandatory; Non-amendable

    Specify the Fund Time Zone. Alternatively, you can select it from the option list. The list displays all the Fund Time Zones maintained in the system.

    Note: The time zone maintained in the Default Maintenance Screen of the Fund Manager module will be defaulted to the Fund Preference, if the value is not already provided. If the Default Time Zone value is null, then the system will display an error message.

    Table 3-18 Dilution Levy Applicability

    Dilution Levy at Fund Family Dilution Levy at Fund Dilution Levy Applicable At Dilution Levy Load Applicability
    Yes Yes All Transactions If net of sales value for a fund family breaches then Dilution Levy load will be applied to all the transactions within that fund family providing the Dilution Levy load mapped. If net of sales value is positive then it will be compared with positive breach value and if it is negative then it will be compared with negative breach value.
    No Yes All Transactions If sum of all the inflow transactions breaches the inflow breach value then, Dilution Levy load will be applied to all the inflow transactions for that fund providing the Dilution Levy load mapped. If sum of all the outflow transactions breaches the outflow breach value then, Dilution Levy load will be applied to all the outflow transactions for that fund providing the Dilution Levy load mapped.
    No Yes Specific Transaction If any particular inflow transaction breaches the inflow breach value or any particular outflow transaction breaches the outflow breach value then Dilution Levy load will be applied for that particular transaction.
    No No Not Applicable Dilution Levy Load will not be applied

Parent topic: Fund Preference Maintenance