NAV of income funds is to be calculated upto ___ decimals
Answers
Answered by
0
The correct answer is 4. NAV of income funds is to be calculated upto 4 decimal places. Income funds are those category of mutual funds which offer income earning opportunities at regular intervals like annual or biannual. Some amount is credited to customer's account as income and the rest is added to the maturity amount payable at the end of the fixed period. NAV refers to Net Asset Value.
Similar questions