CMA Final · Strategic Financial Management · Mutual Funds
A mutual fund scheme has net assets (after all liabilities) of ₹48,60,000 and 3,00,000 units outstanding. What is the NAV per unit?
NAV per unit is net assets divided by units outstanding. Dividing ₹48,60,000 by 3,00,000 units gives ₹16.20 per unit. Net assets already reflect liabilities, so no further deduction is needed.
- A₹16.20Correct
- B₹14.58
- C₹18.00
- D₹1.62
Explanation
NAV per unit = net assets / units = 48,60,000 / 3,00,000 = ₹16.20. ₹14.58 results from wrongly applying a 10% reduction; ₹1.62 is a decimal slip.
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