Edelweiss Mutual Fund's portfolio related information are as below: Stock No. of Shares Price in (₹) Reliance 1,10,000 1,548.24 Tata 2,57,000 548.65 Suzlon 5,05,000 329.51 Wipro 4,75,000 913.67 Richard 3,20,000 517.29 Th

CS Executive · Securities Laws and Capital Markets · PYQS · December 2023
Edelweiss Mutual Fund's portfolio related information are as below: Stock No. of Shares Price in (₹) Reliance 1,10,000 1,548.24 Tata 2,57,000 548.65 Suzlon 5,05,000 329.51 Wipro 4,75,000 913.67 Richard 3,20,000 517.29 The fund does not involve borrowed money, but its accrued management fee with the portfolio manager is ₹25,00,000. The number of units outstanding is 8,65,63,000. You are required to compute the value of the portfolio and NAV.

Answer & Explanation:

Computation of Value of Portfolio: Stock No. of Shares Price in (₹) Total Price in (₹) Reliance 1,10,000 1,548.24 17,03,06,400 Tata 2,57,000 548.65 14,10,03,050 Suzlon 5,05,000 329.51 16,64,02,550 Wipro 4,75,000 913.67 43,39,93,250 Richard 3,20,000 517.29 16,55,32,800 Value of Portfolio 1,07,72,38,050 Computation of Net Asset Value (NAV): NAV per unit = (Investment + Recoverable + Accrued Income - Liabilities - Accrued expenses) / No. of units NAV = (₹1,07,72,38,050 - ₹25,00,000) / 8,65,63,000 NAV = ₹1,07,47,38,050 / 8,65,63,000 NAV = ₹12.415 per unit

Topics: Mutual Funds

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