State Street Corporation Senior Associate Interview Questions, Process, and Tips

NAV stands for Net Asset Value, it is a measure of the value of a mutual fund's assets minus its liabilities.

• NAV is calculated by subtracting the total liabilities of a mutual fund from the total value of its assets.

• The formula for calculating NAV is (Total Assets - Total Liabilities) / Total Number of Outstanding Shares.

• For example, if a mutual fund has $100 million in assets, $10 million in liabilities, and 1 million...read more

A fund accountant is responsible for maintaining financial records, preparing financial statements, and ensuring compliance with regulations.

• Preparing financial statements for clients

• Maintaining accurate records of all financial transactions

• Ensuring compliance with regulatory requirements

• Calculating net asset values (NAV) for funds

• Reconciling cash accounts and preparing cash flow statements

Capital market is a platform for buying and selling long-term securities, while bond market is a subset of capital market where fixed-income securities are traded.

• Capital market deals with long-term securities such as stocks, bonds, and mutual funds

• It provides a platform for companies to raise capital by issuing securities to investors

• Bond market is a subset of capital market where fixed-income securities such as corpo...read more