Question

The total value of the mutual fund scheme is $₹100$ crore. If $10$ crore units are issued then the NAV of one unit is.

• A. ₹$100$
• B. ₹$1$
• C. ₹$10$
• D. ₹$1000$

Answer 1

The correct option is C ₹$10$

As we know,
Total Fund Value $=$ NAV of one unit $\times$ Number of units
$\Rightarrow 100\text{crore}=$ NAV of one unit $\times 10\text{crore}$
$\Rightarrow$ NAV of one unit $=\frac{100\text{crore}}{10\text{crore}}$

$=₹10$ per unit