Question

Ms. Megha and Mr. Mayank invests Rs. 25,000 and Rs. 20,000 in a ULIPs offered by an insurance company. The management expenses on these investments are Rs. 500 and Rs. 400 respectively.

The fund manager has created units with a face value of Rs. 10 per unit. Find out the number of units for each fund. On the next day, the fund’s net value is Rs. Rs. 60,000. Calculate the new NAV of these accounts.
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Answer 1

Step-by-step explanation:

Ms. Megha and Mr. Mayank invests Rs. 25,000 and Rs. 20,000 in a ULIPs offered by an insurance company. The management expenses on these investments are Rs. 500 and Rs. 400 respectively.

The fund manager has created units with a face value of Rs. 10 per unit. Find out the number of units for each fund. On the next day, the fund’s net value is Rs. Rs. 60,000. Calculate the new NAV of the,se accounts.