AMFI EXAM tips series 11

By admin July 29, 2008 1 Comment

This chapter contains the following topics:

The National Securities Clearing Corporation
Trading
Pricing
Money Movements
Trade Corrections

The National Securities Clearing Corporation (NSCC) is the nation’s largest registered securities clearing corporation, and offers their services to brokerage firms, dealers, banks, and mutual fund distributors throughout the United States and Canada.

Similarly in india we have NSDL and CDSL

Pricing a mutual fund is a daily process performed by the fund accounting agent for each fund. Pricing consists of establishing the daily value of the three primary components of the NAV formula (assets, liabilities and outstanding shares) and then calculating the NAV.

Settlement is defined as the point at which money is exchanged for securities. The settlement function of trading is the flow of money between shareholders and various mutual funds.

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1 Comment

ayesha on July 30, 2008 9:33 am
What do think about the Reliance Insure Mutual Fund in India? Its very very promising.. Life insurance at no cost at all and the life insurance company pays the SIP installments… WOW. I came across this blog and thought i’d share it with you.
http://mutual-fund-investor.blogspot.com/2008/07/reliance-sip-insure-reliance-mutual.html
I’m surely going in for this!!
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