n NISM Certifications
XXI NISM Series XXI-A
Medium

In mutual funds, 'Net Asset Value' (NAV) represents:

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

Options

  1. A

    The total assets minus liabilities of the fund

  2. B

    The market price of the fund's units

  3. The per-unit value of the fund's assets after deducting expenses and liabilities

    Correct answer

  4. D

    The dividend paid per unit

Why this is the answer

NAV is the value per unit of a mutual fund, calculated by dividing the total net assets by the number of units outstanding.

Test yourself for real

Take a full NISM Series XXI-A mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.