Fund Accounting Associate

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Fund Accounting Associate Interview Questions and Answers

Updated 21 Apr 2024

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Q1. 1. Mutual fund and hedge funds difference 2. Detailed explanation on balance sheet 3. Accrual journal entries 4. Subscription journal entry 4. Performance fee, management fees

Ans.

Mutual funds and hedge funds differ in their investment strategies and regulations. Balance sheet shows a company's financial position. Accrual journal entries record revenues and expenses when they are earned or incurred. Subscription journal entry records new investments in a fund. Performance and management fees are charges for managing a fund's assets.

  • Mutual funds are regulated investment vehicles that pool money from multiple investors to invest in securities, while hedg...read more

Q2. What is derivatives and its types? What is mutual fund?

Ans.

Derivatives are financial instruments whose value is derived from an underlying asset. Mutual funds are investment vehicles that pool money from multiple investors to invest in securities.

  • Derivatives are contracts between two parties that derive their value from an underlying asset such as stocks, bonds, commodities, or currencies.

  • Types of derivatives include options, futures, forwards, and swaps.

  • Mutual funds are investment vehicles that pool money from multiple investors to ...read more

Q3. What is Nav calculation

Ans.

NAV calculation refers to the process of determining the net asset value of a fund.

  • NAV calculation involves valuing all the assets in a fund, subtracting liabilities, and dividing by the number of outstanding shares.

  • It is typically done at the end of each trading day to provide an accurate reflection of the fund's value.

  • NAV calculation is important for investors to understand the true value of their investments in the fund.

Q4. What is derivative

Ans.

A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or entity.

  • Derivatives can be used for hedging, speculation, or arbitrage.

  • Common types of derivatives include options, futures, forwards, and swaps.

  • Derivatives allow investors to take on risk or hedge against risk without owning the underlying asset.

  • The value of a derivative is based on the expected future price movements of the underlying asset.

  • Derivatives are trade...read more

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Q5. Factors impacts NAV

Ans.

Factors impacting NAV include market movements, fund expenses, income distributions, and capital gains.

  • Market movements: Changes in the value of securities held by the fund can directly impact NAV.

  • Fund expenses: Fees and expenses incurred by the fund reduce NAV.

  • Income distributions: Dividends and interest earned by the fund increase NAV.

  • Capital gains: Profits from selling securities at a higher price than purchased increase NAV.

Fund Accounting Associate Jobs

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