This is the value, as at the relevant date, of the gross value of an investment held via individually managed mandate (discrete) portfolio where the decision-making regarding the making and redeeming of particular investments within the portfolio rests with the resident investment manager in accordance with the mandates prescribed by the registrable superannuation entity (RSE) licensee. Do not offset against any financing and/or other liabilities such as margin loan, derivatives etc. undertaken as part of the portfolio management. 

All items on SRF 720.0 are required for Australia's National Accounts, which is based on the international standard, the System of National Accounts 2008 (2008 SNA) including the definition of market price.