Sanman Mutual Fund has the following assets in scheme stargrowth at the close of business as on 31st March, 2020: Company No. of Shares Market Price per Share (₹) A Ltd. 20,000 25 B Ltd. 30,000 350 C Ltd. 38,000 290 D Lt

CS Professional · Financial, Treasury and Forex Management · PYQS · December 2021
Sanman Mutual Fund has the following assets in scheme stargrowth at the close of business as on 31st March, 2020: Company No. of Shares Market Price per Share (₹) A Ltd. 20,000 25 B Ltd. 30,000 350 C Ltd. 38,000 290 D Ltd. 50,000 400 The total number of units of the scheme stargrowth are 10 lakh. The scheme stargrowth has accrued expenses of ₹2,00,000 and other liabilities of ₹2,50,000. Calculate the NAV per unit of the scheme stargrowth.

Answer & Explanation:

Calculation of Total Value of Investments: Company No. of Shares Market Price per Share (₹) Amount (₹) A Ltd. 20,000 25 5,00,000 B Ltd. 30,000 350 1,05,00,000 C Ltd. 38,000 290 1,10,20,000 D Ltd. 50,000 400 2,00,00,000 Total Value of Investments 4,20,20,000 Calculation of Net Asset Value (NAV): Total Value of Investments = ₹4,20,20,000 Less: Accrued Expenses = ₹2,00,000 Less: Other Liabilities = ₹2,50,000 Total Net Assets = ₹4,20,20,000 - ₹2,00,000 - ₹2,50,000 = ₹4,15,70,000 Number of Units Outstanding = 10,00,000 NAV per Unit = Total Net Assets / Number of Units = ₹4,15,70,000 / 10,00,000 = ₹41.57

Topics: Mutual Funds

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