NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Concept and Role of a Mutual Fund
A scheme has net assets of Rs 252 crore after accounting for all liabilities and expenses. It has 12 crore units outstanding. What is the NAV per unit?
The NAV per unit is Rs 21. It is calculated by dividing net assets of Rs 252 crore by 12 crore units outstanding. NAV is always net assets after liabilities divided by the number of units in issue.
- ARs 12.00
- BRs 21.00Correct
- CRs 25.20
- DRs 20.00
Explanation
NAV per unit = net assets / units outstanding = 252 crore / 12 crore = Rs 21. Check: 21 x 12 = 252. Rs 12 wrongly uses the unit count as the answer, and Rs 25.20 comes from dividing by 10 crore units.
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