Super mutual fund has launched a scheme named 'Super Bonanza'. The net asset value (NAV) of the scheme is ₹12.00 per unit. The redemption price is ₹11.65 per unit and offer price is ₹12.50 per unit. You are required to c

Net asset value of the Scheme 'Super Bonanza' is ₹12.00 per unit. Redemption price is ₹11.65 per unit and offer price is ₹12.50 per unit. (i) Front-end load charges: Public Offer Price = NAV/ (1-front end load) Let us assume that front-end load = x ⇒ 12.50 = 12 / (1 - x) 12.50 - 12.50x = 12 x = 0.50 / 12.50 = 0.04 Front end load = 4% Front end load charges = ₹0.48/- per unit