n NISM Certifications
V-A NISM Series V-A
Medium

Calculate the NAV for the following information: Value of stock 200 cr, Value of money market instruments - Rs 25 cr, Dividend accrued but not received - Rs 10 cr, Amount receivable on sale of shares - Rs 5 cr, Amount payable on purchase of shares: Rs. 10.5 cr, Fees payable - Rs 1 cr. No. of outstanding units: 3 cr.

Practice question from NISM Series V A - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    75.83

  2. B

    80.77

  3. 76.16

    Correct answer

  4. D

    79.17

Why this is the answer

The formula for calculating NAV: \[ \text{NAV} = \frac{\text{Value of stocks} + \text{Value of money market instruments} + \text{Dividend accrued} + \text{Receivables} - \text{Payables} - \text{Fees}}{\text{Outstanding units}} \]

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