Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is the Fund Accountant's role in a mutual fund?
0% of students got this wrong
EXPLANATION
The Fund Accountant (which may be an internal team or outsourced function) is responsible for calculating daily NAV — valuing all portfolio securities at market prices, accounting for accrued income, deducting applicable expenses, and dividing by the number of units outstanding. Accurate NAV calculation is critical since all investor transactions occur at NAV.
Practising Chapter 3 one question at a time?
Try the full chapter — 80 questions, tracked score, weak area breakdown.