The redemption price of Motilal Mutual Fund unit is ₹54 while the front end load and back end load charges are 2% and 3% respectively. Compute: (i) Net Asset Value per unit
CS Executive · Capital Markets & Securities Laws · PYQS · December 2018
The redemption price of Motilal Mutual Fund unit is ₹54 while the front end load and back end load charges are 2% and 3% respectively. Compute: (i) Net Asset Value per unit
Answer & Explanation:
(i) Net Asset Value (NAV) per unit: Redemption Price = NAV / (1 + back end load) ₹54 = NAV / 1.03 NAV = 54 × 1.03 NAV = ₹55.62 per unit
Topics: Mutual Funds
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