1.56 Mapping Portfolios

This topic provides information about the mapping portfolio details.

Any investment into instruments can be done under a portfolio, hence portfolio mapping is mandatory for any investments. Online screens will list the mapped portfolios for the parties.

You can define the portfolio for party role combination using Portfolio Mapping screen. You can map the portfolio for the following roles:
  • Portfolio mapping for Employer - Its mandatory that portfolio mapping should be done for each portfolio at employer level and this will be used as default asset allocation for all employees under the employer. Upon selection of the instrument, the system will default all the assets pertaining to the instrument along with default ratio and over ridable indicator.
  • Portfolio mapping for Employee - The system will not allow portfolio mapping for employees if the same is not done for employer. The Employee assets is a subset of employers assets defined as part of employer portfolio. You can define multiple portfolios and their underlying instruments and assets. Upon selection of the instrument, the system will default all the assets pertaining to the instrument along with default ratio and over ridable indicator.
  • Portfolio mapping for Private Investor - You can define multiple portfolios and their underlying instruments and assets. Once you select an instrument, the system will list down all the instruments under the portfolio. Upon selection of the instrument, the system will default all the assets pertaining to the instrument along with default ratio and over ridable indicator.

Mapping Normal Portfolio

You can map one or more portfolios for a Party by selecting the party role, party ID and account ID. You need not specify Model portfolio ID for normal portfolio mapping.

On click of Portfolio details, system defaults the instruments mapped under a portfolio in portfolio definition for which instrument ratio is defined.

Portfolio Details button will always default the instruments and assets from portfolio definition screen for all the portfolios in selected. Any ratio overridden will also get replaced during defaulting.

Instruments without ratio defined at portfolio definition will not be defaulted, but you can add them manually. For normal portfolios, you can override the asset ratio, if it is over ridable at instrument level.

The system will validate that the sum of instrument ratio under a portfolio should be equal to 100. The sum of asset ratio under an instrument should also be equal to 100.

You can amend a portfolio mapping and attach a model portfolio, You can click on Portfolio Details button to populate the instruments and assets of attached model portfolio.

Model Portfolio Mapping

You can map a model portfolio against each portfolio, using the Model Portfolio ID field under Portfolio Details section.

Model portfolio is an optional field, if not provided, system will default the instruments and assets of actual portfolio mapped (Portfolio ID).

On click of Portfolio Details button, system will default the instruments mapped under a portfolio in portfolio definition for which instrument ratio is defined.

Model Portfolio option list will fetch valid Model Portfolio ID’s defined in Portfolio Details screen with model portfolio field enabled (Y). Closed model portfolios will not be fetched in the option list.

Model portfolio instrument and assets must be a subset of actual portfolio (Portfolio ID) instrument and assets only. The system will display the following error message if Model Portfolio has an instruments or assets which are not mapped to actual Portfolio:

E-INVMODELPF - Model Portfolio has an instruments or assets which are not mapped to actual Portfolio.

On selecting the model portfolio and clicking Portfolio Details button, below grid section of Instrument and Asset Details will populate the model portfolio – Instrument and assets (with ratio) set up at Portfolio Definition (PADPFDFN) section. This is not amendable.

The sum of instrument ratio for a portfolio should be equal to 100. and the sum of asset ratio for an instrument should be equal to 100.

Asset ratio defaulted from portfolio definition cannot be modified in mapping screen even if it’s over ridable at instrument level for model portfolios. If you try to modify the instrument ratio, system will display an error message as ‘E-MODPFMODIFY - Instrument Details cannot be modified for a Model portfolio’ during amendment of model portfolio.

During amendment if you clear the model portfolio ID mapped for a portfolio, system WILL NOT automatically default the assets of actual portfolio. You needs to add the assets manually. or use default portfolio button to default the instruments and assets.

On save system will always validate whether the instruments and assets belong to the model portfolio (if mapped) or actual portfolio (in case of no model portfolio mapped).

Parent topic: Pension Funds Administration