https://v2.webnotes.in/tags/fund-accountant-mf/Recent content in Fund-Accountant-Mf on WebNotesHugoen-INTue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/fund-accountant-mf/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/fund-accountant-mf/<p>The <strong>fund accountant</strong> is the operational role responsible for daily NAV computation, valuation of underlying instruments, and accounting for mutual fund scheme transactions. Most Indian AMCs outsource the fund-accounting function to <a href="https://v2.webnotes.in/cams/">CAMS</a> or <a href="https://v2.webnotes.in/kfin-technologies/">KFin Technologies</a> (the two RTAs serving the industry), which provide fund-accounting services alongside their RTA operations.</p> <h2 id="role-and-responsibilities">Role and responsibilities</h2> <h3 id="daily-nav-computation">Daily NAV computation</h3> <ul> <li>Apply <a href="https://v2.webnotes.in/nav-calculation-rules/">NAV calculation rules</a> .</li> <li>Mark each holding to market value.</li> <li>Compute total scheme NAV.</li> <li>Divide by outstanding units = per-unit NAV.</li> </ul> <h3 id="transaction-accounting">Transaction accounting</h3> <ul> <li>Record subscriptions, redemptions, switches.</li> <li>Apply <a href="https://v2.webnotes.in/applicable-nav-cut-off-rule/">applicable NAV cut-off rule</a> .</li> <li>Maintain unit-level books.</li> </ul> <h3 id="reporting">Reporting</h3> <ul> <li>Daily NAV reporting to AMFI via <a href="https://v2.webnotes.in/nav-file-navalltxt/">NAVAll.txt</a> .</li> <li>Monthly / half-yearly portfolio disclosure.</li> <li>Compliance with audit standards.</li> </ul> <h2 id="outsourced-model">Outsourced model</h2> <p>Most Indian AMCs outsource fund accounting:</p>