Hi,
Please help me.
Purchase date: 10 Nov 2014 ( Accrued Interest -
Calculation Date is - 10 Nov 2014 INR 11,444.44/-
Sale date: 12 Nov 2014
Calculation Date is Accrued Interest: 22,888.99
Date of Repayment - 31 Dec 2014
Final Repayment = ( Principal Amount + Accrued Interest) INR 5 crores + 22,888.99
TPM40 Shows 11,444.44 not 22,888.99
My doubt is which date is to be entered at the time of Purchase.
At the time of purchase, if the sale date is entered the accrued interest is calculated correctly. But at the time of purchase, organisation don't know when bond will sale.
How to resolve this?
with regards
raju