Consider the following data of Sunshine India Mutual Fund: Value of investments: ₹2,757 crores Receivables: ₹221 crores Other current assets: ₹643 crores Liabilities: ₹390 crores Accrued expenses: ₹87 crores If the numbe

Calculation of Net Asset Value (NAV): NAV = (Market or Fair value of Investments + Current Assets - Current Liabilities and Provisions) / No. of units outstanding under scheme on the valuation date. NAV = (Total Current Assets including value of investments - Total Current Liabilities) / Number of outstanding units Total Current Assets = Value of investments + Receivables + Other current assets Total Current Assets = ₹2,757 crores + ₹221 crores + ₹643 crores = ₹3,621 crores Total Current Liabilities = Liabilities + Accrued expenses Total Current Liabilities = ₹390 crores + ₹87 crores = ₹477 crores NAV = [₹3,621 crores - ₹477 crores] / 155 crore units NAV = ₹3,144 crores / 155 crore units NAV = ₹20.2838 per unit Calculation of Public Offering Price: Public Offering Price = NAV / (1 - Sales Charge) Public Offering Price = ₹20.2838 / (1 - 0.022) Public Offering Price = ₹20.2838 / 0.978 Public Offering Price = ₹20.7399 (approximately ₹20.74) Therefore, the public offering price would be ₹20.74 .