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

The market value of a mutual fund scheme's portfolio is Rs. 15 crores. Its current liabilities are Rs. 2 crore. The unit capital is Rs. 10 crore and face value per unit is Rs 10. Calculate the NAV per unit?

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

Options

  1. A

    Rs. 15

  2. B

    Rs. 10

  3. C

    Rs. 11.50

  4. Rs. 13

    Correct answer

Why this is the answer

NAV (Net Asset Value) is calculated as: \[ \text{NAV} = \frac{\text{Total Assets} - \text{Liabilities}}{\text{Number of Outstanding Units}} \]

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