n NISM Certifications
X NISM Series X
Medium

In a Mutual Fund New Fund Offer (NFO), the units are offered at ______.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Net Asset Value

  2. B

    Market Value

  3. Face Value

    Correct answer

  4. D

    None of the above

Why this is the answer

During a New Fund Offer, mutual fund units are issued at a fixed issue price, which is typically the face value of the units, commonly ₹10 per unit.

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