Automated processes to provide tax computation of Net Asset Value (NAV) computation for a large AIF company. Context The client is one of India's leading players in the AIF industry. AIFs are required to report monthly NAV with the Securities and Exchange Board of India (SEBI). After introducing tax on long-term capital gains, it became imperative for the funds to factor in the tax cost while computing the NAV. Our client had 40+ funds, and hence computing tax working and NAV was a very difficult task given the stringent regulatory timelines. Approach To ensure that tax working is delivered accurately and on a timely basis, the Nexdigm team reviewed the entire process. We developed a detailed structured flow post review and automated a major part of the process.

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