Grow India Ltd. has recently launched a Mutual Fund Scheme with the name 'GI Equity Multi Cap Scheme' with following details: Size of the Scheme: ₹200 lakh Face value of the unit: ₹20 Number of the outstanding units: 20
CS Executive · Securities Laws and Capital Markets · PYQS · June 2022
Grow India Ltd. has recently launched a Mutual Fund Scheme with the name 'GI Equity Multi Cap Scheme' with following details: Size of the Scheme: ₹200 lakh Face value of the unit: ₹20 Number of the outstanding units: 20 lakh Market value of the fund's investments receivables: ₹360 lakh Accrued Income: ₹2 lakh Receivables: ₹2 lakh Liabilities: ₹1 lakh Accrued expenses: ₹1 lakh Find out the NAV in the present case.
Answer & Explanation:
Net Asset Value = (Market value of investments + Receivables + Accrued income + other assets - Accrued Expenses - Other Payables - Other Liabilities) / No. of units (mutual fund) NAV in the given case: = (₹360 lakh + ₹2 lakh + ₹2 lakh - ₹1 lakh - ₹1 lakh) / 20 Lakh = ₹18.10 per unit
Topics: Mutual Funds
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