1.3 Process SI Lag Maintenance

This topic provides the systematic instructions to maintain SI Cut off days, NAV Lag and Yield Lag at AMC level.

During SI maintenance, the system will apply SI Cut off days to an SI based on the AMC of the selected Fund.

If there are multiple funds for an SI (Plan level SI) with funds from different AMCs, the system will use the SI cut-off days and lags maintained in Parameter Maintenance(UTDPARAM) screen.

During DRSP yield computation, the system uses the NAV Lag and Yield Lag maintained for the fund’s AMC.

If SI cut-off, NAV lag and Yield Lag are not maintained for an AMC in SL Lag Maintenance screen, then the system will use SI Cut off days and lags maintained in Parameter Maintenance(UTDPARAM) screen

In case of Plan level SI, if all funds belong to same AMC, and if SI cut-off and lags for this AMC is maintained to use Fund Calendar, the system will use the AMC level maintenance as follows:

For SI cut-off, the system will use the least date from the derived cut-off date for each fund.

For instance, if SI date is 28-May and cut-off for Fund A is 21-May and cut off for Fund B is 20-May depending on the fund holidays, then the system will consider the cut off day for this SI as 20-May.

Yield computation date for each fund under an SI may not be same.

For instance, if there are 2 Funds, Fund A and Fund B for an SI with SI generation date as 28-May. If yield computation date for Fund A is 24-May and Yield computation date for Fund B is 25-May, then the system will compute yield and decide the SI generation amount for Fund A and Fund B on 24-May and 25-May respectively. Total amount for the SI can be determined only after 25-May when yield computation is completed for both the funds.

The system will calculate the NAV Date for yield computation for each fund based on the fund calendar and NAV Lag maintained.

Note:

The SI Lag Maintenance is applicable only for Fund Manager.

1. On Home screen, type UTDSILAG in the text box and click Next.
   The SI Lag Maintenance screen is displayed.

   Figure 1-12 SI Lag Maintenance

   
   

   
   Description of "Figure 1-12 SI Lag Maintenance"

   
   
2. On SI Lag Maintenance screen, specify the fields.
   For more information on fields, refer to the field description below,

   Table 1-35 SI Lag Maintenance - Field Description

   Fields	Description
   AMC ID	Alphanumeric; 12 Characters; Mandatory Specify the AMC ID of the AMC for which Lag needs to be maintained.
   SI Cut Off Days	Numeric; 2 Characters; Mandatory Specify the SI Cut off days to be maintained for SIs other than RIS.
   SI Cut Off Calendar	Optional Select the calendar associated with SI Cut Off Days field from the drop-down list. The list displays the following values: Actual System Fund
   RIS Cut Off Days	Numeric; 2 Characters; Mandatory Specify the Cut off days to be maintained for RIS.
   RIS Cut Off Calendar	Optional Select the calendar associated with RIS Cut Off Days field from the drop-down list. The list displays the following values: Actual System Fund
   Yield Lag	Numeric; 2 Characters; Mandatory Specify the yield lag to be maintained for DRSP.
   Yield Lag Calendar	Optional Select the calendar associated with Yield Lag field from the drop-down list. The list displays the following values: Actual System Fund
   NAV Lag	Numeric; 2 Characters; Mandatory Specify the NAV lag to be maintained for DRSP.
   NAV Lag Calendar	Mandatory Select the calendar associated with NAV Lag field from the drop-down list. The list displays the following values: Actual System Fund During Amend operation, the system will not validate any business impact for the new value captured, as the system does not restrict or maintain any particular date for SI maintenance. The following example needs to be operationally controlled: Example SI generation date is 8th Feb. The SI cut off lag is maintained as 3 days (system calendar). You can amend the cut off lag At AMC level to 2 days upto 3rd Feb. The system will not allow you to amend SI cut off lag to 4 days at AMC level on 3rd Feb.