Maintain Mutual Fund Redemption Details

This page allows you to record the mutual fund unit’s redemption details.

Select the “Maintain Mutual Fund Redemption Details” activity under the “Investment Transactions” business component.

The “Maintain Mutual Fund Redemption Details” page appears.

Note: Clicking this icon available near certain fields takes you to the help page of the respective field.

Enter the following fields:

Redemption No.	A unique number identifying the redemption details would get generated depending on the numbering type selected.
Redemption Description	The description of the redemption number to be mentioned here. (Alphanumeric, 60)
Status	The status of the document would get displayed here.
Numbering Type	Use the drop-down list box to select the numbering type for the login organization unit and the “Maintain Mutual Fund Redemption Details” transaction type. The numbering types must have already been defined in the “Create Numbering Class” activity of the “Document Numbering Class” business component and must be in “Active” status. The system displays the numbering type set as default for the transaction in the “Document Numbering Class” business component.
Source	The source of obtaining the mutual fund investment units to be mentioned here. The combo would get loaded with “Company, Direct, and Agent” values.
Finance Book	Use the drop-down list box to select the code identifying the finance book in which the posting is to be made. All the finance books that have been mapped to the login organization unit - login user will be available for selection in the ascending order if postings can be made in multiple finance books otherwise the finance book set as default will be loaded. If postings must be made in a single finance book, the book that has been set as default will be displayed.
Agent ID	The id of the agent through whom we have acquired the investment can be captured here.
Agent Description	The description of the agent id would get displayed here.
Redemption ID	The redemption id to be mentioned here.
Redemption ID Description	The description of the redemption id would get displayed here.
Redemption Date	The date of redemption to be mentioned here.
Amount Credited By Bank	The amount obtained would get displayed here.
Nature	The nature of the fund would get displayed here.

Enter the following details in the “Redemption Information” multiline box:

Fund House	The name of the house from which the mutual fund units are being purchased.
Scheme Name	The name of the mutual fund scheme proposed by the fund house.
Fund Type	The type of fund to be mentioned here.
Folio No.	The folio number mentioning the redemption details.
Total Holding Units	The total number of units of fund.
Average NAV	The average of the Net Asset Value for the units getting redeemed.
Total Amount Invested	The total amount invested in the fund.
Redeemed Units	The total number of units getting redeemed.
NAV	The Net Asset Value of the units getting redeemed.
Redeemed Amount	The amount of redemption to be mentioned here.
Gain	The gain if any to be captured here.
Loss	The loss if any to be captured here.
Account Code	The account code to which the gain/ loss to be posted to be mentioned here.
Account Description	The description of the account code would get displayed here.
Balance Holding Units	The balance number of units remaining in the fund after redemption.
Balance Amount	The balance amount of fund.

Enter the following details in the “Charges Details” multiline box:

Account Code	The expense account code indicating the additional charge.
Account Description	The description of the account code.
Amount	The amount of additional charge.
Cost Center	The cost center details.
Analysis Code	The analysis code details.
Analysis Description	The description of the analysis code.
Sub Analysis Code	The sub analysis code details..
Remarks	Any remarks related to the additional charges.

The system displays the following details in the “Journal Voucher” group box:

Voucher No.	The journal voucher entry representing the set off of advance account or the recording of additional charges would get generated based on the numbering type selected.
Voucher Numbering Type	Use the drop-down list box to select the numbering type for the login organization unit and the “Journal Voucher” transaction type. The numbering types must have already been defined in the “Create Numbering Class” activity of the “Document Numbering Class” business component and must be in “Active” status. The system displays the numbering type set as default for the transaction in the “Document Numbering Class” business component.
Remarks	Any remarks related to the journal voucher can be captured here. (Alphanumeric, 250)

Click the “Create” push button to save the entered details.

The login id of the user gets updated under “Created By” and the date of creation under “Created Date” on click of “Create” push button for the first time.

The login id of the user gets updated under “Last Modified By” and the date of modification under “Last Modified Date” on click of “Create” push button from the second time onwards.

The status of the document turns into “Fresh” status.

Click the “Edit” push button to edit the entered details.

The login id of the user gets updated under “Modified By” and the date of modification under “Modified Date” on click of “Edit” push button.

The status of the document remains the same.

Click the “Delete” push button to delete the entered details in fresh status.

The login id of the user gets updated under “Modified By” and the date of modification under “Modified Date” on click of “Edit” push button.

The status of the document turns into “Deleted”.

Click the “Authorize” push button to authorize the entered details.

The login id of the user gets updated under “Modified By” and the date of modification under “Modified Date” on click of “Edit” push button.

The status of the document turns into “Authorized”.