Question

find nav of unit if rupees 4950 is spent on purchasing 300 units of mutual fund​

Answer 1

Step-by-step explanation:

Given Find nav of unit if rupees 4950 is spent on purchasing 300 units of mutual fund

NAV is Net asset value. The value of mutual fund scheme minus the value of its liabilities per unit.

According to question we know that investing amount = Rs 4950

Number of units of the scheme = 300 units.

So NAV of the scheme = 4950 / 300

                                     = 16.5 per unit

Therefore Rs 16.5 is NAV of a unit of the scheme.

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