2.1.6 General Operating Rules

This topic provides information on general operating rules tab of fund rule screen.

This fund rule facilitates the maintenance of guidelines that will govern the operation of the fund with respect to the following parameters:

• The pricing policy, i.e., whether the fund is to be a pre-priced or a post-priced fund. You can also set up the price declare frequency and the next price declare date. If it is a closed-ended fund, you can also set up the maturity date.
• The automatic redemption details, if the fund is to have automatic redemption of units for a unit holder based on the threshold balance.
• The number of decimals for NAV declaration, as well as the lot for NAV
• The Ageing Policy of the fund
• The applicability of charges such as Contingent Deferred Sales Charge (CDSC) for redemption or switch transactions in the fund, as well as the processing order.
• Specification of the NAV Lot
• Dividend Equalization
• Rules that govern check writing for the fund, such as:
  • The limits on the amount for a check.
  • The minimum period for which units must be held in the investor account for the fund, before they are redeemed by a check.
  • Whether the unit holder can close the account through a redemption check
  • If the fund is a retirement fund, whether check facility can be made available for the fund
  • Applicable penalties on check redemption due to contravening any of the limits for check amount, minimum period, or insufficient account balance or stop payment instructions on a check.
• Whether the system should recompute the fund prices and adjust units as per forecast rates, if the fund is a Guaranteed Fund.

To set up the General Operating Rules for a fund, use the General Operating Rules screen.

1. Click General Operating Rules tab from the Fund Rules Detail screen.
   The General Operating Rules screen is displayed.

   Figure 2-5 General Operating Rules

   
   

   
   Description of "Figure 2-5 General Operating Rules"

   
   

   Note:

   Before you set up a General Operating Rules profile record for a fund, it is desirable to ensure that the fund already has an existing, unauthorized profile record.

2. On General Operating Rules screen, specify the fields.
   For more information on fields in the screen, refer the below table.

   Table 2-9 General Operating Rules

   Field	Description
   Fund ID	Display This field indicates the ID fund for which you are setting up the General Operating Rules profile. This information is defaulted from the Fund Demographics screen.
   Rule Effective Date	Display The Rule Effective Date for the fund, which you specified in the Fund Demographics screen, is displayed here.

• Basic Information
  This topic provides information on basic information tab of general operating rules.
• Automatic Redemption Preferences
  This topic provides information on automatic redemption preferences tab of general operating rules screen.
• Min or Max Holding Check
  This topic provides information on min/max holding check tab details.
• Advance Options
  This topic provides information on advance options tab of general operating rules screen.
• Limit Order Processing Options
  This topic provides information on limit order processing options tab details.
• Transaction Cancellation Period
  This topic provides information on transaction cancellation period tab details.
• Check Writing
  This topic provides information on check writing tab.
• Regulations
  This topic provides information regulations tab of General Operating Rules screen.
• Policy Fund Ageing
  This topic provides information on ageing policy for fund details.
• Specify Limit Order Options for Funds
  This topic provides information on specifying limit order options for funds details.
• Indicate Re-computation of Fund Prices and Adjustment of Units
  This topic provides information on indicating re-computation of fund prices and adjustment of units details.