Question

salman invested Rs.50000 in a mutual fund scheme with nil entry load and 2%exit load he received a divident of Rs.3000,4000and 4500for first second and third year respectively. He redeemed all this after

3year what is the rate of re​

Answer 1

Explanation:

I am sorry I didn't know

Answer 2

The rate of return is 7%

As per the question, Salman invested ₹50,000 in a mutual fund scheme with nil entry load and 2% exit load. He received a dividend of ₹3,000, 4,000, and 4,500 for the first, second, and third years. As the rate of exit load is 2%, the total exit load on units of ₹50,000 is ₹1,000. At the end of three years, Salman received ₹50,000 + 3000 + 4000 + 4500 - 1000 = ₹60,500.

His net gain = 60,500 - 10,500 = ₹10,500

Total rate of return = 10,500 * 100/50,000 = 21%. This is the total rate of return for three years. For the annual rate of return, we will divide the total rate of return with 3 years:

= 21/3 = 7%