An investor invested 200Rs for 3 months in SIP of Mutual fund with different NAV'S and got 37.5 units, then the average unit
cost to the investor will be
A) 11.5
B)15
C)16
D)17.5
Answers
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Answer:
C)16
Step-by-step explanation:
Investment per month = Rs.200
Total investment = total months invested * amount invested per month
Total investment = 3 × 200 = 600
Total units received = 37.5
Average unit cost = total investment
no. of units received
Average unit cost = 600 / 37.5
Average unit cost = Rs. 16
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