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. (ii) Back-end load charges: Redemption Price = NAV/ (1 + back end load) Let us assume that back-end load = x 11.65 = 12 / (1 + x) 11.65 + 11.65x = 12 11.65x = 12 - 11.65 11.65x = 0.35 x = 0.35 / 11.65 = 0.03 Back - end load = 3% Back - end load charges = ₹0.36/- per unit.