Question

The day on which nav is calculated by a fund is known as

Answer 1

Answer:

Meaning of NAV (net asset value),

$Net asset value(NAV)= Company's Total Assets - Total Liabilities.$

Explanation:

The day on which the net asset value is calculated by the fund is called

the market day.

Also,

NAV is calculated by dividing the value of cash in total and the securities of  portfolio in funds subtracted any of the liabilities, by the  outstanding shares of a company.

Hence, explained.