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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 Rs 252 crore and 18 crore units outstanding. What is the NAV per unit?

The NAV per unit is Rs 14.00, because NAV equals the net assets of the scheme divided by the number of units outstanding. Dividing Rs 252 crore by 18 crore units gives exactly Rs 14 per unit.

  1. ARs 12.00
  2. BRs 14.00Correct
  3. CRs 16.00
  4. DRs 18.00

Explanation

NAV per unit = net assets / units outstanding = 252 / 18 = Rs 14.00. Rs 12 would arise from using a wrong asset figure, and Rs 18 simply reuses the number of units.

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