Software Feature Checklist

Shadow NAV computation engine for equity schemes using exchange closing prices

Independently compute NAV using NSE/BSE closing prices, corporate actions, and accrual income to cross-verify AMC-reported NAV.

Shadow NAV computation for debt schemes using AMFI/CRISIL/ICRA valuations

Compute debt scheme NAV using matrix-based and waterfall valuation models prescribed by SEBI for money market and debt instruments.

Shadow NAV for hybrid schemes with multi-asset allocation

Support blended valuation across equity, debt, gold, REITs, and InvITs within a single scheme NAV calculation.

Inter-scheme NAV reconciliation with variance highlighting

Automated daily reconciliation of computed shadow NAV against AMC-declared NAV with variance threshold alerts.

Corporate action impact engine (splits, bonus, dividends, mergers)

Automatically detect and apply corporate actions from exchange feeds, adjusting holdings quantity and cost basis.

Illiquid security valuation using SEBI waterfall methodology

Apply the prescribed waterfall approach for valuing thinly traded and non-traded equity securities per SEBI circular.

Side-pocket NAV segregation for credit event securities

Separate NAV computation for segregated portfolios created due to credit events, maintaining distinct unit-holder tracking.

Gold and commodity ETF NAV computation using LBMA/MCX prices

Compute gold ETF NAV using London AM fix, MCX spot prices, and custodian-reported bullion quantities.

Multi-currency NAV support for international fund-of-funds

Handle foreign currency denominated holdings with RBI reference rate conversions and hedging cost adjustments.

REITs and InvITs NAV computation using last traded price methodology

Value REIT and InvIT holdings using exchange closing prices with illiquidity adjustments where applicable.

Interest accrual engine for fixed income instruments

Compute day-count convention-based accrued interest for bonds, CPs, CDs, T-bills, and floating rate instruments.

Premium/discount amortization for debt securities

Straight-line and effective interest rate method amortization of premium/discount on debt holdings over remaining maturity.

Mark-to-market gain/loss computation with realized/unrealized split

Daily MTM P&L computation with separation of realized gains (settled trades) and unrealized gains (open positions).

Swing pricing adjustment engine for large redemption events

Apply swing factor to NAV when net redemptions exceed prescribed thresholds, protecting remaining unit-holders.

NAV error detection using statistical anomaly models

ML-based anomaly detection on NAV time series to identify computation errors, stale prices, or missed corporate actions.

Historical NAV reconstruction for audit trail verification

Reconstruct past NAVs from historical holdings and price snapshots for audit period verification.

Dividend distribution tax and IDCW impact on NAV calculation

Model impact of dividend/IDCW declarations on ex-date NAV, including DDT provisions and equalization reserves.

Creation/redemption unit NAV for ETFs

Compute intraday indicative NAV (iNAV) and end-of-day NAV for ETF creation/redemption basket processing.

Fund merger NAV computation with unit conversion ratios

Calculate scheme merger exchange ratios using NAV-based methodology and track post-merger unit allocations.

Expense ratio impact analysis on NAV over time

Quantify the daily NAV drag from TER charges and compare against disclosed expense ratios for accuracy.

Zero-coupon bond valuation using yield-to-maturity discounting

Value zero-coupon and deep discount bonds using YTM-based present value methodology.

Securitized debt instrument valuation engine

Support pass-through certificate and structured product valuation using cash flow waterfall models.

Government securities valuation using CCIL reference yields

Price G-Secs and SDLs using FBIL/CCIL reference yields with interpolation for off-the-run securities.

Tri-party repo and CBLO valuation at cost plus accrual

Value collateralized borrowing/lending at cost plus accrued return per SEBI valuation norms.

Derivative overlay impact on NAV (futures, options hedging)

Include MTM of derivative hedging positions in scheme NAV computation per SEBI derivative exposure norms.

Unit capital movement tracking for NAV per-unit accuracy

Track subscriptions, redemptions, switches, and SIP/STP flows to ensure accurate per-unit NAV computation.

Settlement date vs. trade date NAV accounting toggle

Support both T+0 and T+1 accounting conventions for NAV impact of equity and debt trades.

Automated price feed validation against multiple sources

Cross-validate security prices from BSE, NSE, Bloomberg, Reuters, and AMFI feeds with exception handling.

NAV audit trail with complete computation lineage

Maintain immutable audit log of every NAV computation step -- prices used, adjustments applied, and variance flags.

Real-time NAV dashboard with drill-down to holding level

Interactive dashboard showing scheme-wise NAV with ability to drill into individual holding-level contribution.

Single issuer equity exposure monitoring (10% / 15% with trustee approval)

Real-time tracking of single issuer equity exposure against SEBI Reg 21 limits with pre-trade and post-trade checks.

Single issuer debt exposure monitoring (10% / 12% for AAA-rated)

Monitor single issuer debt concentration against regulatory limits with credit rating-based threshold differentiation.

Group company aggregate exposure limit (20% / 25% with trustee)

Track cumulative exposure to business group entities using SEBI group classification and RBI group mapping.

Sector concentration limit monitoring per scheme category

Enforce SEBI sectoral caps -- 25% for diversified equity, specific limits for thematic and sectoral funds.

Pre-trade compliance engine -- block trades that would breach limits

Real-time pre-trade check that validates proposed orders against all applicable investment restrictions before execution.

Post-trade compliance verification with breach escalation workflow

Automated post-trade compliance check with immediate breach notification, escalation to compliance officer, and trustee reporting.

Unlisted equity investment limit tracking (max 5% of NAV)

Monitor exposure to unlisted/pre-IPO securities against the 5% NAV cap with look-through for fund-of-funds.

Borrowing limit compliance (max 20% of NAV, max 6 months)

Track scheme-level borrowing against SEBI's 20% NAV ceiling and 6-month duration limit for temporary purposes.

Inter-scheme transaction monitoring and pricing validation

Detect and validate all inter-scheme transfers per SEBI norms -- market price execution, board rationale, and reporting.

Derivative exposure limits per scheme category

Monitor gross derivative exposure against SEBI limits -- hedging vs. non-hedging, notional vs. MTM exposure computation.

Overseas investment ceiling tracking ($600M per AMC)

Track cumulative overseas investment against AMC-level and industry-level SEBI/RBI ceiling of $7 billion.

Scheme categorization norm compliance (equity/debt allocation)

Ensure schemes maintain minimum equity/debt allocation as per their SEBI categorization -- 65% equity for equity funds, etc.

Credit quality compliance for debt scheme categories

Monitor minimum credit rating requirements -- AA+ for banking & PSU, A and above for corporate bond funds.

Macaulay duration compliance for debt fund categories

Track portfolio Macaulay duration against SEBI-mandated ranges for each debt fund category.

Large cap / mid cap / small cap allocation compliance

Verify market-cap-based allocation matches scheme category norms using AMFI quarterly classification list.

Fund-of-funds underlying scheme exposure limits

Track FoF exposure limits -- maximum in single underlying scheme, aggregate in own AMC schemes.

Investment in associates and group companies limit

Monitor and restrict investments in sponsor, AMC, trustee company, and their associates per SEBI regulations.

Repo and reverse repo exposure limits for liquid schemes

Track collateralized lending/borrowing against SEBI-prescribed limits for liquid and overnight funds.

Real-time breach dashboard with severity classification

Consolidated breach monitoring dashboard showing active, passive, and technical breaches with resolution timelines.

Passive breach detection and auto-rectification monitoring

Identify breaches caused by market movements vs. active investment decisions with different regulatory treatment.

Trustee approval workflow for limit enhancement requests

Digital workflow for seeking and recording trustee approval for enhanced limits (e.g., single issuer 15%).

Historical breach register with SEBI reporting format

Maintain comprehensive breach register per SEBI format with date, nature, cause, duration, and rectification details.

Concentration risk heatmap across all schemes

Visual heatmap showing issuer and sector concentration risk across the entire AMC fund complex.

Benchmark tracking error and active share compliance

Monitor tracking error for index funds and active share for actively managed funds against SEBI guidelines.

Investment restriction configuration engine for new scheme launches

Configurable rule engine allowing compliance team to define new restrictions without code changes.

Multi-level approval workflow for compliance exception handling

Structured exception handling with fund manager, compliance officer, and CIO approval hierarchy.

Automated SEBI circular parsing for new investment restriction rules

NLP-based extraction of new investment limits from SEBI circulars with automatic rule configuration suggestions.

What-if scenario analysis for proposed portfolio changes

Simulate the compliance impact of proposed trades on all applicable investment restrictions before execution.

Daily TER computation per scheme across all expense heads

Compute total expense ratio daily by aggregating management fees, registrar fees, custodian charges, and other permitted expenses.

SEBI TER slab compliance verification (AUM-based slabs)

Verify that charged TER falls within SEBI-prescribed AUM-based slabs with automatic slab recalculation on AUM changes.

Regular vs. direct plan TER differential monitoring

Ensure TER difference between regular and direct plans is accurately accounted by distribution commission differential.

Additional expense allowance tracking (B30 cities, new fund offer)

Monitor utilization of additional 30bps for B30 city inflows and other SEBI-permitted additional expenses.

Expense head-wise breakdown and trend analysis

Detailed breakdown of each expense component with historical trending and peer group benchmarking.

GST impact on TER calculation and compliance

Track GST charged on management fees and its inclusion in overall TER computation and SEBI limit verification.

Investor communication generation for TER changes

Auto-generate SEBI-compliant investor notices when TER changes exceed notification thresholds.

TER audit trail with board resolution mapping

Map TER decisions to board resolutions and maintain complete audit trail of all TER modifications.

Performance-linked fee validation for PMS-style MF schemes

Validate performance fee computation methodology and SEBI-permitted high watermark provisions.

Exit load computation and utilization tracking

Track exit load collections, their utilization for scheme expenses, and excess credit to scheme NAV.

Brokerage expense monitoring against SEBI-permitted limits

Monitor brokerage paid as percentage of scheme AUM against SEBI prescribed maximum limits.

New fund offer expense amortization tracking

Track NFO expenses and their amortization over SEBI-prescribed period with daily expense impact calculation.

Peer group TER benchmarking and outlier detection

Compare scheme TER against category peers using AMFI data to identify outliers requiring justification.

Automated SEBI half-yearly TER disclosure report generation

Generate SEBI-prescribed half-yearly TER disclosure reports with scheme-wise expense breakdown.

Cross-subsidization detection across scheme categories

Detect potential cross-subsidization of expenses between equity, debt, and hybrid scheme categories.

Commission and distribution expense allocation engine

Allocate trail commissions and upfront commissions to correct scheme expense heads with AMFI trail data reconciliation.

Custodian fee reconciliation and benchmark validation

Reconcile custodian charges against contracted rates and benchmark against industry standards.

Registrar and transfer agent fee validation

Validate RTA charges per transaction and per folio against contracted rates and SEBI maximum permissible charges.

Investor-level TER impact calculator

Calculate actual TER impact on individual investor returns considering entry/exit dates and plan selection.

Real-time TER breach alert with auto-notification

Immediate alert when any scheme's TER approaches or exceeds SEBI-prescribed slab limits with auto-notification to compliance.

Consolidated TER dashboard across all schemes and plans

Single-view dashboard showing TER status across all schemes, plans, and expense categories with drill-down capability.

Annual TER audit report generation for statutory auditors

Generate comprehensive TER audit report with supporting schedules formatted for statutory audit requirements.

Double-entry fund accounting engine with SEBI chart of accounts

Complete fund accounting system implementing SEBI-prescribed chart of accounts for mutual fund schemes.

Daily trial balance generation with auto-reconciliation

Automated daily trial balance with systematic reconciliation against custodian, RTA, and bank records.

Investment income recognition engine (accrual and cash basis)

Automated recognition of dividend income, interest income, and capital gains per SEBI accounting norms.

Unit capital accounting with subscription/redemption processing

Track unit capital movements including SIP, STP, SWP, and switch transactions with NAV-based pricing.

Equalization reserve computation and maintenance

Compute and maintain income equalization reserve to ensure fair treatment of subscribing/redeeming unit-holders.

SEBI-format financial statement generation (Balance Sheet, P&L)

Auto-generate mutual fund financial statements per SEBI prescribed format with supporting schedules.

Cash flow statement generation per Ind AS 7

Automated cash flow statement preparation with direct method showing investment, financing, and operating activities.

Custodian holding reconciliation engine (daily T+1)

Daily automated reconciliation of portfolio holdings between fund accounting records and custodian confirmations.

Bank reconciliation for scheme bank accounts

Automated bank reconciliation for subscription, redemption, and investment bank accounts with exception management.

RTA reconciliation for unit holder transactions

Match fund accounting entries against RTA records for subscriptions, redemptions, and dividend distributions.

Deferred revenue expenditure accounting for NFOs

Track and amortize new fund offer expenses over SEBI-prescribed amortization period.

IDCW (Income Distribution cum Capital Withdrawal) accounting

Process dividend distribution entries including record date processing, dividend computation, and tax withholding.

Capital gains computation with FIFO/weighted average methodology

Automated capital gains calculation supporting FIFO, weighted average, and specific identification methods.

TDS computation and reconciliation for investor payouts

Calculate TDS on redemption proceeds and dividend distributions with PAN-based rate application.

Stamp duty computation on subscriptions

Calculate and account for stamp duty on mutual fund subscriptions at prescribed rates.

Multi-plan accounting within single scheme framework

Support regular, direct, institutional, and segregated plan accounting within unified scheme books.

Audit schedule auto-generation for statutory auditors

Generate detailed audit schedules supporting financial statements in statutory audit working paper format.

Year-end closing and opening balance carryforward

Automated year-end closing entries, profit appropriation, and opening balance carryforward for new financial year.

Foreign currency transaction accounting with revaluation

Account for foreign currency investments with daily mark-to-market revaluation using RBI reference rates.

Scheme merger accounting with unit conversion processing

Process scheme merger entries including asset transfer, unit conversion, and expense absorption accounting.

Provision engine for doubtful debts and diminution in value

Automated provision computation for non-performing assets and permanent diminution in investment value.

Brokerage allocation and amortization engine

Track brokerage expenses, allocate across schemes, and amortize where applicable per accounting policy.

Investor-level profit attribution and tax lot tracking

Track individual investor cost basis, holding period, and profit attribution for tax reporting purposes.

Accounting policy configuration and change management

Configurable accounting policies with change management workflow and retrospective impact analysis.

Pattern-based money laundering detection using network analysis

Graph-based analysis of investor transaction networks to identify layering, structuring, and circular flow patterns.

Investor risk scoring engine with FATF-aligned methodology

Dynamic risk scoring considering investor profile, transaction patterns, geography, and PEP/sanctions status.

Suspicious transaction report (STR) auto-generation for FIU

Automated STR generation in FIU-prescribed format with supporting transaction data and risk indicators.

Cash transaction report (CTR) threshold monitoring

Monitor and report cash transactions exceeding Rs. 10 lakh threshold per FIU-IND guidelines.

Structuring detection for transactions just below threshold

Detect split transactions designed to avoid reporting thresholds using velocity checks and pattern analysis.

PEP (Politically Exposed Person) screening and enhanced due diligence

Screen investors against global PEP databases with automated enhanced due diligence workflow triggers.

Sanctions list screening (OFAC, UN, EU, India MHA)

Real-time screening against global sanctions lists with fuzzy matching for name variations and aliases.

Adverse media monitoring for high-risk investors

Automated adverse media screening using NLP to identify negative news about investors and beneficial owners.

Beneficial ownership identification and verification

Track and verify ultimate beneficial owners for corporate, trust, and partnership investor accounts.

KYC document verification with Aadhaar/PAN validation

Real-time KYC document verification using DigiLocker, UIDAI, and NSDL APIs for Aadhaar and PAN validation.

Re-KYC compliance tracking and reminder engine

Track KYC expiry dates and trigger automated re-KYC reminders to investors and relationship managers.

Transaction velocity monitoring with dynamic thresholds

Monitor transaction frequency and volume against investor profile-based dynamic thresholds.

Round-tripping detection across multiple schemes

Identify rapid buy-sell cycles across schemes that may indicate round-tripping or market manipulation.

Dormant account reactivation monitoring

Flag dormant accounts that suddenly become active with unusual transaction patterns.

Source of funds verification for high-value transactions

Automated source of funds documentation request for transactions exceeding risk-based thresholds.

Cross-border transaction monitoring for FATF compliance

Enhanced monitoring of cross-border investment flows with FATF high-risk jurisdiction flagging.

AML investigation case management workflow

End-to-end case management for AML investigations with evidence collection, assessment, and SAR filing.

Regulatory reporting dashboard (FIU, SEBI, RBI)

Consolidated dashboard for all AML regulatory reports with filing status tracking and deadline management.

ML model for transaction anomaly detection

Machine learning model trained on historical STR data to identify new suspicious patterns automatically.

AML training compliance tracker for staff

Track employee AML/KYC training completion, certification status, and refresher training schedules.

Trade settlement lifecycle tracking (T+1 equity, T+1 debt)

End-to-end tracking of trade settlement from execution through clearing to final settlement with exception handling.

Failed trade monitoring and resolution workflow

Automated detection of settlement failures with escalation workflow, penalty computation, and resolution tracking.

Custodian reconciliation across all asset classes

Daily multi-asset reconciliation between fund accounting records and custodian/depository confirmations.

Corporate action entitlement tracking and processing

Track dividend, bonus, rights, and other corporate action entitlements with custodian confirmation matching.

Securities lending and borrowing (SLB) position tracking

Monitor SLB positions, collateral adequacy, and return schedules with counterparty exposure limits.

Demat holding statement reconciliation with NSDL/CDSL

Automated reconciliation of fund holdings against depository (NSDL/CDSL) holding statements.

Fund manager order routing and execution monitoring

Track order flow from fund manager instruction through broker execution to settlement confirmation.

Broker empanelment and allocation compliance monitoring

Monitor broker allocation against empanelment terms, concentration limits, and best execution obligations.

Counterparty credit risk monitoring for OTC transactions

Real-time counterparty exposure tracking for OTC derivatives, repo, and bilateral trade agreements.

Margin requirement computation and collateral management

Calculate initial and variation margins for derivative positions with collateral allocation optimization.

Cash position management across scheme bank accounts

Real-time cash position tracking across subscription, redemption, and investment bank accounts.

Subscription/redemption settlement with RTA matching

Process and reconcile investor subscription/redemption settlements between bank, RTA, and fund accounting.

STT, stamp duty, and transaction cost tracking

Track and reconcile securities transaction tax, stamp duty, and other transaction costs across trades.

Nominee and bank mandate verification engine

Validate investor nominee details and bank mandate for redemption proceeds disbursement.

Switch transaction processing across schemes

Process inter-scheme switch transactions with same-day NAV applicability and settlement matching.

Dividend distribution processing and bank file generation

Process IDCW distributions with bank file generation for direct credit to investor bank accounts.

Settlement instruction generation for custodian

Auto-generate settlement instructions for custodian in prescribed format with dual authorization workflow.

Trade confirmation and contract note reconciliation

Match broker contract notes against internal trade records with discrepancy flagging and resolution.