If the NAV of a mutual fund is Rs.200/- with exit load at 2%, then calculate the net amount per unit received by the customer at the time of sale.?
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Step-by-step explanation:
You can calculate the NAV of a mutual fund by dividing the total net assets of the fund by the total number of units issued to investors.
When it comes to investing, certain terms have special significance. For mutual fund investors, net asset value (NAV) is one such term. Whenever you attempt to buy or sell mutual fund units, this acronym comes up.
In simple terms, NAV is the per-unit market value of a mutual fund. Read on to find out how to calculate the NAV of a mutual fund and more.
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