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

What is the NAV if the value of stocks in a Mutual Fund scheme is Rs 100 cr, Value of Bonds is Rs 10 cr, Value of Money Market Instruments is Rs 25 cr, Dividend Accrued but not received is Rs 3 cr, and Fees payable is Rs 5 cr. The number of outstanding units is 75 lacs.

Practice question from NISM Series V A - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    173.33

  2. 177.33

    Correct answer

  3. C

    184

  4. D

    186.74

Why this is the answer

To calculate NAV (Net Asset Value), use the formula: \[ \text{NAV} = \frac{(\text{Value of Stocks} + \text{Value of Bonds} + \text{Value of Money Market Instruments} + \text{Dividend Accrued} - \text{Fees Payable})}{\text{Number of Outstanding Units}} \]

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