Question

The market value of a mutual find is $Rs.15$ crore. They company has divided into $60$ lakh units.Find $NAV$ of each unit. If Sarala invest $Rs.12000$ in the fund, how many unit will she get?

Answer 1

We have,

The market value of a mutual of is Rs 15 crore.

The company has divided it into units.

$=dfrac1500000006000000$

$=25$

Sarala invests $12000$ , let

The number of unit be, x

$\frac{12000}{x}=\frac{25}{1}$

$\frac{12000}{25}=x$

$x=480$

Hence, this is answer