NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Net Asset Value, Total Expense Ratio and Pricing of Units
A mutual fund scheme has net assets of ₹252 crore after deducting all liabilities and accrued expenses, and 12 crore units are outstanding. What is the NAV per unit?
The NAV per unit is ₹21.00, because NAV equals the scheme's net assets after liabilities divided by the number of units outstanding. Dividing ₹252 crore by 12 crore units gives ₹21 per unit.
- A₹19.00
- B₹21.00Correct
- C₹22.50
- D₹24.00
Explanation
NAV per unit = net assets / units outstanding = 252 crore / 12 crore = ₹21.00. Check: 21 x 12 = 252. Using a different unit count or ignoring liabilities would give other values, but the data here already gives net assets after liabilities.
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