n NISM Certifications
NSM General NISM
Medium

An investor puts ₹10,00,000 in a mutual fund and switches within 8 months when the value grows to ₹12,00,000. With 1% exit load and 20% STCG tax, what is the final value received?

Practice question from B14-S7 Operations Mastery — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    ₹12,00,000

  2. B

    ₹11,90,625

  3. ₹11,48,000

    Correct answer

  4. D

    ₹11,60,000

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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