X has made an investment of ₹ 50,000 to buy 5000 units of Philip mutual fund on 4th April, 2021. He decided to sell the units on 14th November, 2021 at NAV of ₹ 20.60. The exit load was 2.25%. Find the sale value & g

The calculation involves determining the effective NAV at the time of sale after deducting the exit load, then calculating the total sale value and finally the gain from the transaction. Given: Number of Units = 5000 units Purchase Cost = ₹ 50,000 NAV on date of sale = ₹ 20.60 Exit Load = 2.25% Calculation of Effective NAV at Sale: Exit Load Amount = 2.25% of ₹ 20.60 = ₹ 0.4635 Effective NAV at Sale = NAV on date of sale - Exit Load Amount Effective NAV at Sale = ₹ 20.60 - ₹ 0.4635 = ₹ 20.1365 Calculation of Sale Value: Sale Value = Number of Units × Effective NAV at Sale Sale Value = 5000 units × ₹ 20.1365 = ₹ 1,00,682.50 Calculation of Gain: Gain = Sale Value - Purchase Cost Gain = ₹ 1,00,682.50 - ₹ 50,000 = ₹ 50,682.50 Therefore, the sale value is ₹ 1,00,682.50 and the gain made in the transaction is ₹ 50,682.50 .