Question

(2) A scheme has average weekly net assets of Rs. 324 Cr and
has annual expenses of Rs. 3.24 Cr, its expense ratio is
(a) 1%
(b) 10%
(c) Can't say
(d) Insufficient information​

Answer 1

Answer:

d

Step-by-step explanation:

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Answer 2

Given:

A scheme has average weekly net assets of Rs 324 Cr and also has annual expenses of Rs 3.24 Cr.

To Find:

The expense ratio is?

Solution:

The given problem can be solved using the concepts of percentages.

1. The assets value is Rs 324 Cr whereas, the value of annual expenses value is Rs 3.24 Cr.

2. The expense ratio can be calculated using the formula,

=> Expense ratio = (Annual expensex100)/(Net Annual assets).

=> Substitute the data,

=> Expense ratio = (3.24x100)/(324),

=> Expense ratio = (324/324),

=> Expense ratio = 1%.

3. The expense ratio of the scheme is 1%.

Therefore, Option A is the correct answer.