Question

If the NAV of a unit in a mutual fund scheme is Rs $10.65$, then find the amount required to buy $500$ such units?

• A. $Rs5325$
• B. $Rs5235$
• C. $Rs532500$
• D. $Rs53250$

Answer 1

Answer: (A)

$Rs5325$

Given that net asset value of unit in mutual fund is = 10.65 Rs.

Total amount

$=\text{(NAV of unit)}\times \text{(no. of units)}=10.65\times 500=5325Rs.$