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

Ms. Priya redeems 2000 units at an NAV of Rs 13. If the exit load is 1 percent, what is the redemption value of the investment?

Practice question from Nism VA Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 25500

  2. B

    Rs. 26250

  3. C

    Rs. 26000

  4. Rs. 25740fas

    Correct answer

Why this is the answer

Ms. Priya redeems 2000 units at an NAV of Rs 13: 2000 units × Rs 13 = Rs 26000. Exit load of 1% = Rs 26000 × 1% = Rs 260. Redemption value = Rs 26000 - Rs 260 = Rs 25740

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