The following is the information pertaining to the portfolio of Dolex Mutual Fund : Stock No. of Shares Current Market Price (₹) L&T 1,10,000 2,685.45 Cipla 3,12,000 259.95 Wipro 4,50,000 523.10 HDFC 3,90,000 883.30
CS Executive · Capital Markets & Securities Laws · PYQS · June 2018
The following is the information pertaining to the portfolio of Dolex Mutual Fund : Stock No. of Shares Current Market Price (₹) L&T 1,10,000 2,685.45 Cipla 3,12,000 259.95 Wipro 4,50,000 523.10 HDFC 3,90,000 883.30 Tata Steel 2,99,000 502.75 The fund has not borrowed any money, but its accrued management fee with the portfolio manager currently total ₹30,00,000. The number of units outstanding is 10,75,73,000. Compute the value of the portfolio and NAV.
Answer & Explanation:
Computation of Value of portfolio and NAV Value of the Portfolio = (1,10,000 × ₹2,685.45) + (3,12,000 × ₹259.95) + (4,50,000 × ₹523.10) + (3,90,000 × ₹883.30) + (2,99,000 × ₹502.75) = ₹1,10,67,08,150 Less: Accrued management fee = ₹30,00,000 Net Value of Portfolio = ₹1,10,67,08,150 - ₹30,00,000 = ₹1,10,37,08,150 NAV = ₹1,10,37,08,150 / 10,75,73,000 = ₹10.26
Topics: Portfolio Management