NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Mutual Funds
A mutual fund scheme has net assets of Rs 500 crore after accruing all liabilities and has 20 crore units outstanding. What is its NAV per unit?
The NAV per unit is Rs 25. It is calculated by dividing the scheme's net assets of Rs 500 crore by the 20 crore units outstanding. Net assets are the market value of holdings plus other assets less liabilities.
- ARs 10
- BRs 25Correct
- CRs 100
- DRs 250
Explanation
NAV per unit = net assets divided by units outstanding = 500 crore / 20 crore = Rs 25. Rs 10 is the typical face value at launch, not the computed NAV, and the other options come from wrong division.
Did you get it right without looking?
One question tells you little. A timed set on Mutual Funds shows your real accuracy, how long you take and where you lose marks.
More Mutual Funds questions
- Caselet: A fund has delivered an annual return of 14% with a standard deviation of 10% and a beta of 0.8. The risk-free rate is 6%, and the …
- A mutual fund scheme has net assets of Rs 520 crore before accounting for a liability of Rs 20 crore, which is payable and not yet deducted.…
- Rohan invests Rs 5,000 on the first of each month through a SIP for three months. The NAVs on the three dates are Rs 20, Rs 25 and Rs 20 res…
- An investor holds units of an equity-oriented mutual fund and sells them 18 months after purchase at a profit. For tax purposes in India, ho…
- Mr. Iyer invests Rs 1,00,000 in a mutual fund scheme with NAV of Rs 20.00 per unit and no entry load. After one year the NAV is Rs 23.00 and…
- A mutual fund scheme has an NAV of Rs 50.00 per unit and an exit load of 1% applicable if units are redeemed within one year. Ms. Kavita red…