Company: TOP
Filing Date: 2025-08-13
Form Type: 20-F
Source: 0001213900-25-075728
Chunk: 114

Company: TOP Financial Group Ltd
Filing Date: 2025-08-13
Form: 20-F
Item: Item 19
Chunk 114
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 Hong Kong Mandatory Provident Fund Schemes Ordinance, within two months of employment. The MPF scheme is a defined contribution retirement
plan administered by an independent trustee. The Company makes regular contributions of 5 192 19,499 19,238 17,544

7.
Fair Value

The
following table presents information about the Company’s assets by major category measured at fair value on a recurring basis as
of March 31, 2025 and 2024, and indicates the fair value hierarchy of the valuation technique utilized by the Company to determine such
fair value.

Assets
measured at fair value on a recurring basis as of March 31, 2025 and 2024:

                                          March 31, 2025                                                                                          
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                          Carrying                           Fair Value                                                           
                                          Value                              Level 1                        Level 2                               
  Assets:                                                                                                                                         
  Securities owned, at fair value         $                     531,189      $                 531,189      $            -               531,189  
  Foreign currency forward contracts                           ( 50,669                              -                   ( 50,669       ( 50,669  
  US Treasury notes                                             968,398                        968,398                   -               968,398  
  Total assets at fair value              $                   1,448,918      $               1,499,587      $            ( 50,669      1,448,918  

                                  March                                                                                     
                                  31, 2024                                                                                  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                  Carrying                     Fair                                                         
                                  Value                        Level                     Level                              
  Assets:                                                                                                                   
  Securities owned,               $               946,619      $            946,619      $          -              946,619  
  Money market fund                               175,373                   175,373                 -              175,373  
  US Treasury notes                               991,862                   991,862                 -              991,862  
  Foreign                                         468,919                         -                 468,919        468,919  
  Total                           $             2,582,773      $          2,113,854      $          468,919      2,582,773  

There
was no transfer between any levels during the years ended