Why mutual funds fail FVOCI
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Why mutual funds fail FVOCI
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Summary
A quick, practical breakdown of how investments in mutual fund units should be classified under Ind AS 109. We discuss why mutual funds cannot be measured at FVOCI, why dividends aren’t “interest,” why these units are neither equity nor debt instruments, and why they end up as mandatory FVTPL.
This issue comes from the GAAP Advisors Issue Repository (4,500+ Ind AS/IGAAP issues) and was featured in the 228th edition of the GAAP Advisors TASK Weekly Newsletter by CA Manish C. Iyer.
Views are personal; please consult an expert before acting on them.
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