Question

Kabhi invested Rs 50000 on mutual fund on 5th March 2011 with NAV of 560. He redeemed units on 18th October 2011 when NAV was 650. There was no entry all exit load. Find number of units purchased, total gain and rate of Return.​

Answer 1

Units Purchased =   89.3 , total gain = 8,035.7  Rs  and Rate of return  = 26.4 %

Step-by-step explanation:

invested Rs 50000 on mutual fund on 5th March 2011

NAV = 560

Number Of Shares / Units Purchased =  50000/560 =    5000/56  = 625/7  

= 89.3

redeemed units on 18th October 2011 when NAV was 650

Selling Price = 650 * 625/7   = 406250/7  

Return / Gain  = 406250/7 - 50000  =  56250/7  Rs

= 8,035.7  Rs

Time = 26 + 30 + 31 + 30 + 31 + 31 + 30 + 13 =  222 Days

Rate of return  = R

56250/7  = 50000 * R  * (222/365)/100

=> R = 26.4 %  Per Annum

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Answer 2

Answer:

Step-by-step explanation: