NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Concept and Role of a Mutual Fund
A mutual fund scheme has net assets of Rs 252 crore and 12 crore units outstanding. What is the NAV per unit?
The NAV is Rs 21 per unit. It is calculated by dividing the scheme's net assets of Rs 252 crore by the 12 crore units outstanding. Checking back, 12 crore units multiplied by Rs 21 gives Rs 252 crore, which confirms the result.
- ARs 21Correct
- BRs 20
- CRs 22
- DRs 24
Explanation
NAV per unit = Net assets / units outstanding = 252 / 12 = Rs 21. Rs 24 would arise from wrongly using a different unit count, and Rs 20 or Rs 22 do not reconcile: 12 x 20 = 240 and 12 x 22 = 264.
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