the NAV of a fund at the time of purchase was rs.117 and its NAV after 15 months was Rs. 135. the annualized change in the NAV is
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Given : NAV of a fund at the time of purchase was rs.117 and its NAV after 15 months was Rs. 135.
To Find: annualized change in the NAV
Solution:
NAV of a fund at the time of purchase was rs.117
NAV after 15 months was Rs. 135
NAV increased by = 135 - 117 = Rs 18
NAV changed by + Rs 18 in 15 month
NAV changed in 15 months = Rs 18
NAV changed in 1 month = Rs 18/15 = 6/5
NAV changed in 12 months = Rs 18/15 = 12 * 6/5 = 72/5
= 14.4
14.4 Rs annualized change in the NAV
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