Question

What is the significance of maintaining NAV history in the system?

a.

To ensure accuracy in investment operations

b.

To facilitate communication between Front Office and Back Office

c.

To forecast portfolio returns

d.

To compare NAV with the service provider's computation

Posted under IC 89 Management Accounting

Answer: (d).To compare NAV with the service provider's computation Explanation:The Investment Accounting and Monitoring system must maintain NAV history (Fund-wise) from the Start Date to the current Date and should have the capacity to compare it with the NAV computed by the service provider, if outsourced.

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