NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Net Asset Value, Total Expense Ratio and Pricing of Units
A scheme has net assets of ₹560 crore at the end of the day after all expenses are accounted for, and 20 crore units outstanding. What is the NAV per unit?
The NAV per unit is ₹28.00. NAV is net assets divided by the number of units outstanding, so ₹560 crore divided by 20 crore units gives ₹28 per unit. Multiplying 28 by 20 crore returns ₹560 crore.
- A₹26.00
- B₹28.00Correct
- C₹30.00
- D₹32.00
Explanation
NAV per unit = net assets / units outstanding = 560 crore / 20 crore = ₹28.00. Using ₹26 or ₹30 would come from wrong division, and ₹32 has no basis in the data. Check: 28 × 20 = 560.
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