Math, asked by rohankanojiya1969, 5 hours ago



Kiran invested Rs25000 in a
mutual fund on 1st May 2008
when the NAV was
Rs1,073.2568. He redeemed
the units on 8th July 2008
when NAV of Rs1,349.6395.
There was no entry and exit
load. The number of unit
purchased is approximately

23.294

24.294

24.394

23.93​

Answers

Answered by khushmeet090
1

khushmeet is very very great

Answered by qwwestham
0

GIVEN-

Cost of investment on 1st May 2008 = ₹25,000

NAV on 1st May 2008 = 1073.2568

NAV when redeemed on 8th July 2008= ₹ 1349.6395

  • only one entry and exit load

TO FIND-

The approximate number of units purchased

FORMULA USED-

No.of units purchased = (cost of investment) / (NAV at the time of investment)

SOLUTION-

No.of units purchased = 25,000/1073.2568=23.294

Approximate No.of units purchased =23.294

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