Question

1)
(5)
An investor joined a mutual fund with Rs. 26, 176 when N.A.V. was Rs. 80. When the N.A.V. touched Rs. 100
he sold all his units. Find his gain in the entire deal if the entry load is 2.25% and the exit load is 0.5%.
(5)​

Answer 1

Answer:

The plan has an exit load of 1% if redeemed before 1 year. The NAV is Rs. 100 which means that the investor has 300 units