3.1.4 Asset Allocation Tab

This topic explains the asset allocation tab of Policy Transaction-TOPUP Detail screen.

1. On Policy Transaction-TOPUP Detail screen, click Asset Allocation tab.
   The Asset Allocation details are displayed.

   Figure 3-5 Policy Transaction-TOPUP Detail_Asset Allocation Tab

   
   

   
   Description of "Figure 3-5 Policy Transaction-TOPUP Detail_Asset Allocation Tab"

   
   
2. Capture the fund-wise pattern of distribution of the investment amount in the Asset Allocation Details section of this tab. If the initial contribution that you enter is in different currencies, you need to mention the currency-wise details here.
3. On Asset Allocation tab, specify the fields.
   For more information on fields, refer to the field description table.

   Table 3-4 Asset Allocation - Field Description

   Field	Description
   Fund ID	Alphanumeric; 6 Characters; Mandatory Select the required funds. All the funds mapped for the selected product are displayed in the option list.
   Fund Name	Display The system displays the name of the selected fund ID.
   Ratio	Numeric; 15 Characters; Optional Specify the portion of the units that are to be invested in each of the selected funds. Specify the percentage of the amount that must be invested in each of the selected funds. The sum of all such percentages must add up to 100, and not fall below or exceed it. The percentages specified here must not be fractional. The latest investment ratio applicable for the Policy is displayed here when the form is opened. These values can be amended, and you can specify the required percentages. If there are many currencies specified as part of settlements, then the system will not allow you to enter a ratio. Instead you need to enter the transaction currency and transaction amount for each currency. The system will compute and display the ratio based on the currency and amount details provided. To calculate the ratio, the transaction amounts will be converted to policy transaction currency based on the exchange rate defined in settlements. If the settlements are maintained in only one currency, then you can enter either the ratio or the transaction amount.
   Transaction Amount	Numeric; 30 Characters; Optional Specify the portion of the transaction amount that is to be invested in each of the selected funds. If different currencies have been mentioned in settlements, then you can specify only the transaction amount. The system will default the ratio. If all the currencies in settlements are the same, then you can specify either the transaction amount or the ratio. Note: If you have checked the Include Interest in Investment box, then the total of settlement and interest amounts for each currency needs to be equal to the asset allocation transaction amount for the currency. You need to manually add the interest amount calculated in the settlement details to the transaction amount for the particular currency in the asset allocation details. If the Include Interest in Investment box has not been checked, then sum of currency wise settlement amount should be equal to the asset allocation transaction amount for the currency.
   Units	Numeric; 12 Characters; Optional Specify the portion of the units that are to be invested in each of the selected funds.
   WAC	Numeric; 30 Characters; Optional Enter the Weighted Average Cost.
   Transaction Currency	Alphanumeric; 3 Characters; Optional Specify the transaction currency for the initial contribution. If many currencies have been mentioned in the settlements, then you are required to enter the amount for individual currencies. You can specify a transaction currency only if the transaction is amount-based.
   Exchange Rate Source	Alphanumeric; 6 Characters; Optional The system will display the exchange source maintained at the default set-up in system parameters. You can change it by selecting the required exchange rate source from the adjoining option list. This will be used by the system to convert the transaction amount in terms of fund base currency.
   Override Exchange Rate?	Optional Select Yes if you wish to change the exchange rate that is displayed here. If you select Yes, however, you need to specify the exchange rate to be used for the transaction in the Exchange Rate Applied field. Select No if you wish to retain the exchange rate that is displayed by the system.
   Exchange Rate Applied	Numeric; 21 Characters; Optional The system will default the exchange rate available for the currency based on the exchange source specified. If you have elected to override the exchange rate, you need to enter the exchange rate to be used here. If exchange rate is not available, then the system will generate the transactions as incomplete ones. Such transactions can be enriched later through the Policy Transaction Enrichment Screen.
   FX Deal Date	Date Format; Optional The system will default the transaction date of the policy top-up transaction here. You can change it if required.
   FX Value Date	Date Format; Optional The system will default the transaction date of the policy top-up transaction here. You can change it if required.
   KIID Compliant	Optional Select if the policy is KIID compliant or not from the adjoining drop-down list. Following are the options available: Yes No