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Redemption of a PMS #70

Open georgioajency opened 4 years ago

georgioajency commented 4 years ago

Under Redemptions in Transactions, Need to identify the transaction type PMS Closure along with the client code. If a transaction of this type is detected against a folio, that folio is considered to be totally redeemed and then it should no longer show up in the app

Once a PMS has been considered redeemed and removed. You must calculate the redemption amount of the last ever pdf we had got. Redemption value is the Current amount - Invested amount. This amount will have to show up in the PDF

https://crm.zoho.in/crm/org60003118484/tab/CustomModule9/custom-view/89390000000192301/list

georgioajency commented 4 years ago

@chinmaykulkarni83 Had a few questions around this

  1. Does the tx type PMS Redeem mean that the entire PMS has been redeemed or can the PMS be partially redeemed? If its full redemption then it won't be a problem and we can stop showing the PMS. However, if it is a partial redemption then we will not be able to differentiate it and will end up removing such PMS in this scenario also. Maybe we have a separate transaction type for partial redemption?
  2. If a full redemption is done, we will need to show the redemption gain in the report we generate. For this, I believe we can take the final value from the Zoho itself and minus it from the last known invested amount we got from the PDF.

Other points

  1. The Invesco transaction in CRM does not seem to have a client code. This will need to be added.
  2. What is PAS type transaction? Noticed that Next billion fund PMS are classified as PAS transactions. Thanks
georgioajency commented 4 years ago

  1. PMS Redemption (selected some money) PMS closure - PMS closure (PMS has been closed) - Stopped showing all together.

  2. Take last value from the PDF itself

PAS - Advisory service. Needs to be merged with PMS. (Remove PAS and replace with PMS)