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Profit or Loss Appropriation A/c

'Equity schem...

Question

'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines?

A

Nil Accounting Variation

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B

Net Accounting Venture

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C

Net Asset Value

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D

New Asset Venture

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Solution

The correct option is C Net Asset Value
Net asset value (NAV) represents a fund's per share market value. It is the price at which investors buy ("bid price") fund shares from a fund company and sell them ("redemption price") to a fund company

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