Question

What is the NAV of a unit if Rs 4725 has to be invested to purchase 300 units of a mutual fund

Answer 1

Here,

Total no. of units = Rs. 4725

Mutual fund = 300 units

We know that,

NAV of one unit = Total no. of units/ Mutual funds

= 4725 / 300

= 15.75 units

Hence, NAV of a unit is 15.75 units.........