What is the market value of a 'unit' called when we are investing in mutual funds?

Net Asset Value

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Present Value

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Net Present Value

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None of the above

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Solution

The correct option is A
Net Asset Value

As we get 'shares' for investing in sharemarket, we get 'units' for investing in mutual fund.

The market value of a unit is called 'NAV' (Net Asset Value). As the market value of share changes, NAV of a unit also changes.

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