An investor sold his 125
units of a certain Mutual
funds when its NAV was Rs
15.25. Then the amount
received by him is Rs
OA) 1951
OB) 1906.25
Oc) 1982
OD) 1852
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If you invest before 2 pm in a liquid fund, you will be allotted units at the NAV of the previous day. This will happen only if you also transfer the funds before the cut-off time. If you miss the cut-off time and submit your application and funds after 2 pm, you will be allotted units at the NAV of the same day
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