MF mutual fund scheme has the following details at on 31st March, 2026. Assets: Market value of equity shares = ₹ 52,00,000 Market value of government securities = ₹ 18,00,000 Corporate bonds = ₹ 10,00,000 Accrued divide

CS Executive · Capital Market and Securities Laws · PYQS · June 2026
MF mutual fund scheme has the following details at on 31st March, 2026. Assets: Market value of equity shares = ₹ 52,00,000 Market value of government securities = ₹ 18,00,000 Corporate bonds = ₹ 10,00,000 Accrued dividend and interest = ₹ 3,20,000 Cash and bank balance = ₹ 2,50,000 Other receivables = ₹ 1,80,000 Liabilities: Management fees payable = ₹ 1,50,000 Other expenses payable = ₹ 1,20,000 Trustee fees payable = ₹ 70,000 Outstanding liabilities = ₹ 1,60,000 During the year, the scheme issued 15,000 new units at ₹ 22 per unit. The scheme had 8,00,000 units outstanding as on 1st April, 2025. You are required to calculate : (i) Calculate the total net assets of the scheme, and (ii) Calculate the Net Asset Value (NAV) per unit.

Answer & Explanation:

(i) Calculation of the Total Net Assets of the Scheme: Net Asset of the Scheme = Market value of investments + Receivables+ other accrued income + other assets - Accrued Expenses- Other Payables- Other Liabilities Net Asset of the Scheme = ₹ 52,00,000 + ₹ 18,00,000 + ₹ 10,00,000 + ₹ 3,20,000 + ₹ 2,50,000 + ₹ 1,80,000 - ₹ 1,50,000 - ₹ 1,20,000 - ₹ 70,000 - ₹ 1,60,000 Total Net Asset of the Scheme = ₹ 82,50,000 (ii) Calculation of the Net Asset Value of the Scheme: Units Outstanding at end of the year Beginning units = 8,00,000 Units issued = 15,000 Units outstanding = 8,00,000 + 15,000 = 8,15,000 units Net Asset Value (NAV) NAV = Net Assets of the Scheme ÷ Number of Units Outstanding NAV = ₹ 82,50,000 ÷ 8,15,000 NAV = ₹ 10.12 per unit

Topics: Mutual Funds

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