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  3. Sir MF prepare bs on mark to market basis mark to market is only for securities but other items such as furniture and fixtures computers are also shown at their market values or Original cost less dep as in other entities
Questions › Category: CA-Final Mutual Funds › Sir MF prepare bs on mark to market basis mark to market is only for securities but other items such as furniture and fixtures computers are also shown at their market values or Original cost less dep as in other entities
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HimalayaHimalaya asked 6 years ago
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RaviRavi Staff answered 6 years ago

asset management company generally owns furniture etc , they provide all services to mutual fund, fund generally consists investments nothing else so valuation of furniture and other items is not relevant.
NAV is calculated fund wise and not for whole mutual fund, and each fund money is used only for investments as in object of fund