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Fund management
 
Hi guys !
an open ended mutual fund is required to pay management fee based on annual performance of the fund. The fee is payable at the end of financial year. If the fund is expecting to achive the high water mark at the end of the year...whether the fund should start accuring the management fee right from begning of the year for NAV calculation or wait till the financial year end ??? please give IFRS refrence
 
on daily nav basis. on daily basis u have to check and make accrual or reversal of performance fee as the case be.
But ensure it does not breach 2 or 3 %% as the case may be
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