kiran
asked about 3 years ago
Hi I am preparing for CA exam. I want to know, What is mutual fund sub accounting?
acharya
answered almost 3 years ago
Mutual fund subaccounting is a way to "clear" (the process of buying and selling) the mutual fund transactions. An intermediary record keeps all of the individual shareholder account information, such as the indivdual balances and indivdual transactions and dividends in each fund. The account balances roll up to match an omnibus account balance that is record kept by the transfer agent of the fund.
narahari
answered almost 3 years ago
The account balances roll up to match an omnibus account balance that is record kept by the transfer agent of the fund. When individual investors buy or sell a particular fund those transactions the intermediary combines those transactions and a minimum number of larger trades are placed with the fund in the omnibus account.
veeru
answered almost 3 years ago
Mutual fund subaccounting is a way to "clear" (the process of buying and selling) the mutual fund transactions. An intermediary record keeps all of the individual shareholder account information, such as the indivdual balances and indivdual transactions and dividends in each fund. The account balances roll up to match an omnibus account balance that is record kept by the transfer agent of the fund. When individual investors buy or sell a particular fund those transactions the intermediary combines those transactions and a minimum number of larger trades are placed with the fund in the omnibus account.
CA Sandeep Bohra
answered almost 3 years ago
> What is mutual fund sub accounting? --Mutual fund subaccounting is a way to "clear" (the process of buying and selling) the mutual fund transactions. An intermediary record keeps all of the individual shareholder account information, such as the indivdual balances and indivdual transactions and dividends in each fund. --The account balances roll up to match an omnibus account balance that is record kept by the transfer agent of the fund. When individual investors buy or sell a particular fund those transactions the intermediary combines those transactions and a minimum number of larger trades are placed with the fund in the omnibus account.
ARJUN PRATAP SINGH
answered about 3 years ago
Dear Friend, as far as your query is concerned that What is mutual fund sub accounting? Let me informed that Mutual fund subaccounting is a way to "clear" (the process of buying and selling) the mutual fund transactions. An intermediary record keeps all of the individual shareholder account information, such as the indivdual balances and indivdual transactions and dividends in each fund. The account balances roll up to match an omnibus account balance that is record kept by the transfer agent of the fund. When individual investors buy or sell a particular fund those transactions the intermediary combines those transactions and a minimum number of larger trades are placed with the fund in the omnibus account. Hope answer was helpful to you Regards, Arjun Pratap Singh
