Nirvana Solutions interview questions

Interview process was good, with technical questions and the interviewer was also of sound knowledge. The questions were all to the point and related to the job role, they also gave me clarity on the exact job role. Overall the entire process was good.

Purchase of security, accrual of expense, subscription/redemption. What is US GAAP / IFRS difference in fund accounting? How NAV is calculated? Explain realized vs. unrealized gains. What is fair value hierarchy (Level 1, 2, 3 under GAAP)? What are primary/secondary financial markets? --- 🔹 2. Manager Round Topics: Financial Market, MTM, Derivatives Likely Questions Explain Mark-to-Market (MTM) and its impact on NAV. Example: You hold futures – how is daily MTM accounted for? How do derivatives (forwards, swaps, options) get valued? Walk through a trade lifecycle (trade date → settlement date). How do corporate actions (dividend, split) affect NAV? If market data missing, how do you handle valuation? --- 🔹 3. HR Round Topics: Expectations & “Tell me about yourself”