(C) Multiple Choice Questions:
(1) Ifa scheme has 45 Cr units issued and has a FV of Rs. 10
and NAV is at 11.13, unit capital (Rs. Cr) would be equal
(a) 500.85
(b) 50.85
(c) 950.85
(d) 450
Answers
Given : A scheme has 45 Cr units issued and has a FV of Rs. 10
and NAV is at 11.13
To Find : unit capital (Rs. Cr)
(a) 500.85
(b) 50.85
(c) 950.85
(d) 450
Solution:
unit capital = Share units * FV
FV = Face Value
Share units = 45 cr
FV = 10 Rs
=> unit capital (Rs. Cr) = 45 * 10 = 450
option D is correct
Additional info :
AUM / Asset Under Management is the aggregate market value
AUM = Share units * NAV
NAV = Net asset Value
NAV = 11.13
AUM Value = 45 * 11.13 = 500.85 cr
unit capital (Rs. Cr) = 450
option d is correct
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Unit Capitals = Share Unit × F. V.
= 45 × 10
= 450
Hence, Option D is your answer.
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