find the value NAV of a unit ,if Rs 4,950 is spent on purchasing 300
Answers
subtract it
4950-300
4650 is the answer sweetheart
thx
follow me
Step-by-step explanation:
is the value of a mutual fund scheme’s assets minus the value of its liabilities per unit. It is the price at which you buy the unit of a scheme. It may also be the price at which you would sell the unit (minus any load if applicable).
NAV reflects the composite prices of all the securities held along with the liquid cash. It is calculated on a unit basis after deducting all liabilities. If the prices of the majority of the securities held by the scheme goes up, the NAV will also rise and vice versa. The NAV moves in tandem with the prices of the securities held by the scheme. As per mandate, a scheme should calculate and publish its NAV on a daily basis.
In simple words, NAV is the price which you pay to buy a unit of mutual fund scheme when you invest. You also sell it on NAV, but the sell price can be lower than NAV if there is an exit load. Exit load is always chargeable as a percentage of the NAV.