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

The Market Value of a scheme is Rs 579 crores. Dividend accrued but not received is Rs 18 crore. The Expenses payable are Rs 3 crore. The total number of outstanding units is 300 lakhs. What is the NAV of the scheme?

Practice question from Nism Va Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    188

  2. 198

    Correct answer

  3. C

    208

  4. D

    218

Why this is the answer

Total Market Value = Rs 579 crore Add: Dividend Accrued of Rs 18 crore Less: Expenses Payable of Rs 3 crore = Rs. 594 crore Divided by Units 300 lakhs \[ \text{NAV} = \frac{594 \text{ crore}}{300 \text{ lakhs}} = \frac{594 \times 10^7}{300 \times 10^5} = \frac{59400}{300} = 198 \]

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