NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Collective Investment Vehicles
A mutual fund scheme has net assets of Rs 5,000 crore and 500 crore units outstanding. What is the NAV per unit?
NAV per unit equals net assets divided by units outstanding. Rs 5,000 crore divided by 500 crore units gives Rs 10 per unit. Multiplying 500 crore units by Rs 10 returns the original Rs 5,000 crore, confirming the result.
- ARs 1
- BRs 10Correct
- CRs 100
- DRs 25
Explanation
NAV per unit = net assets / units outstanding = 5,000 crore / 500 crore = Rs 10. Check: 500 crore units x Rs 10 = Rs 5,000 crore. Rs 1 and Rs 100 result from misplacing the decimal.
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