2.1.3 Identify Unit Holder Account in System

This topic provides instructions to identify unit holder account that is maintained for an investor in the system.

The unit holder account that is maintained for an investor in the system database can be uniquely identified in the system by the following two identifiers:

• The Reference Number:

  The reference number is a unique alphanumeric identifier for the account. It could be the serial number that is given on the application form through which the investor has invested in the AMC. It could also be any alphanumeric value given by the AMC or the investor, to identify the account.

  The reference number can be used to query the database for information regarding the account.

• The Unit Holder ID (or Number)

  Like the reference number, the unit holder ID is also a unique alphanumeric identifier for the account. Either you can specify the unit holder ID or it can be generated by the system when you create the account and enter all the necessary details into the system. The unit holder ID has a generation logic that can be defined by the AMC for each of its branches. Thus, the unit holder ID is the most important identifier for the account in the system.

  Like the reference number, the unit holder ID can also be used to query the database regarding the account.

  Before you begin to set up any new unit holder accounts for investors that are desirous of investing in the funds of the AMC, you must ensure that the following static information sets have already been set up and entered into the system database and the required authorizations done:

  • All necessary CIF accounts have been created in the system, either through the interface with FCC or FCR, or through the Customer Maintenance.
  • All reference data that is typically defined in the Data Entry menu item in the Fund Manager component. This includes:
  • All static information such as required entities (agents, branches, agency branches, brokers, AMCs, registrars, trustees), countries, corporation types, investor categories, occupation types, identification types, banks and their branches, mode of payment types, currencies, additional information heads, fee categories and subcategories.
  • Authorized funds with all the necessary fund rules, agency branches, brokers, countries of domicile, account types, currencies and so on.

For a detailed account of this information, refer to the Fund Manager.