NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Collective Investment Vehicles
A mutual fund scheme has total net assets of ₹520 crore and 40 crore units outstanding. What is its NAV per unit?
NAV per unit equals net assets divided by outstanding units. Dividing ₹520 crore by 40 crore units gives ₹13.00 per unit, and multiplying 13 by 40 returns the ₹520 crore of net assets.
- A₹13.00Correct
- B₹12.50
- C₹14.00
- D₹10.40
Explanation
NAV per unit = net assets divided by units outstanding = 520 / 40 = ₹13.00. Check: 13 × 40 = 520. ₹12.50 would result from using ₹500 crore; ₹10.40 comes from dividing by 50 crore units.
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