Mr. Choudhari invested 1,00,000 in a mutual fund for which entry
load was 1% and exit load 2% if redeemed in 3 years. After
2 years Mr. Choudhari was in need of money so he sold units of
*40,000. When NAV remained same. Company declared dividend
of 8%, 5%, 6% and 9% for 4 years. At the end of 4 years.
Mr. Chaudhari sold remaining units when NAV was 65000. Find
the gain/loss in entire transaction.
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Answer:
Total Invested amout = 100000 + 1000 ( entry load)
NAV = 100000
1st Dividend = 8000 (8% of NAV 1 Lac as FV)
2nd Dividend = 5000 (5% of NAV 1 lac as FV)
After 2 years, 40000 Rs ( 4000 units) sold at 2% exit load.
Needs to pay 800 Rs as exit load.
Till now amount paid = 60000 +1000+800= 61800 Rs.
NAV as FV, now is 60000 Rs.
3rd Dividend = 3600 ( 6% of NAV 60000 as FV)
4th Dividend = 5400 ( 9% of NAV 60000 )
Current NAV = 65000 Rs.
After selling all the units money received = 65000+8000+5000+3600+5400
=87000
Total profit = 87000-61800
= 25200 Rs.
Gain = 25200 Rs.
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