The information relating to one Equity Oriented Mutual Fund is given below : As on 2nd January, 2019 As on 3rd January, 2019 Market Value of Fund's Portfolio (₹ in thousand) 19,300 19,800 Receivables (₹ in thousand) 200

(i) Calculation of NAV of Mutual Fund Scheme As on January 02, 2019 As on January 03, 2019 Market Value of Funds Portfolio 19,300 19,800 Add: Receivables 200 200 Add: Other Accrued Income 150 150 Less: Accrued Expenses 50 50 Less: other Payables 100 100 Net Asset of Scheme (in thousands) 19,500 20,000 Units outstanding (in thousands) 500 500 NAV per Unit ₹39 ₹40 (ii) Number of mutual fund units allotted to Ramesh In case, the Equity Oriented Mutual Fund is purchased before 3:00 PM on a trading day, the NAV of same day is applicable. Here, Ramesh invested on January 02, 2019 at 2:00 PM so the NAV of the same day is applicable. Number of mutual fund units allotted to him will be calculated using the NAV of same day i.e January 02, 2019. Number of Units to be allotted = Amount invested/applicable NAV per unit Hence, the number of units allotted to Ramesh will be ₹1,95,000/₹39 = 5000