3.1.1.2 Customer Categories

This topic provides information on customer categories.

Your AMC may wish to restrict investment in a fund based on investor categories, allowing only investors of certain categories to invest. Also, your AMC may wish to restrict or allow use of a fund to certain unit holders. You can maintain lists of such allowed / restricted investor categories (or unit holders) in the Fund Entity Maintenance screen in the Fund Manager component of the system.

At the transaction entry or upload (including adjustment transactions), standing instructions entry or upload, or income distribution setup, the unit holders in a restricted list or belonging to the restricted categories cannot be specified. For an allowed list, at the transaction entry or upload (including adjustment transactions), standing instructions entry or upload, or income distribution setup, the unit holders in the allowed list or belonging to the allowed categories can be specified.

If you maintain neither a restrictive nor an allowed list, all customers are allowed to transact in the fund.