Question

Mr. Punit purchased some units in open-end
fund at Rs. 30. And its NAV after 18 months was
Rs. 45. Find the annualized change in NAV as a
percentage.
30.%
33.33%
34.25%
35.30%.​

Answer 1

Answer:

30% ok

Step-by-step explanation:

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Answer 2

Answer:

b) 33.33%

Step-by-step explanation:

NAV of the funds = Rs 30

NAV of funds after 18 months = Rs 45

NAV growth in 18 months = Rs 15

NAV growth in 1 month = Rs $\frac{15}{18}$

NAV increase annually or in 12 months = Rs $\frac{15}{18} * 12$  = Rs 10

NAV percentage = $\frac{15 - 10}{15} * 100$ = 33.33%

∴ The annualized change is 33.33% profit

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