#9TDAYVC- DAY-8 🎯Who are Custodians in VC? 🎯What is Net Asset Value? 🎯Custodians:Custodians are for security but also safekeeping the Investments.Custodians needs to give & accept delivery securities of dematerialised Investment Funds which needs to reflect correct position at any time. Additional activities such as settlement tax, corporate actions such as dividends, bonus & rights in companies.Custodains also serve NAV as part of their Job. Sponsors or Managers compulsorily have to appoint custodians for safekeeping securities. Custodial Agreement is entered between them.They should not be relatives with the Sponsors. 🎯NAV tells us how much the fund is valued by subtracting all liabilities from its assets,then dividing by the number of outstanding units,it is a key metric used to assess the performance and current value of an AIF for investors. For more detailed & clear information, I wrote chapter wise in 9TDAYVC Newsletter👇 Follow Adithya Pappala for more VC!!
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