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Mutual Funds

If the total ...

Question

If the total value of the Mutual fund scheme is ₹500 crores and 20 crore units are issued, then find the NAV of one unit.

₹250

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₹20

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₹25

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₹50

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Solution

The correct option is C ₹25
NAV of 1 unit $\times$ Number of units = Total Fund Value
NAV of 1 unit = $\frac{T o t a l f u n d v a l u e}{N u m b e r o f u n i t s}$ = $\frac{500 c r o r e s}{20 c r o r e s}$ = ₹25

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