Formulation of Net Asset Value (NAV)

Net Asset Value (NAV) is the actual value of one unit of a given scheme for a given business day.

NAV=

Market/Fair value of scheme's investment+ Receivables+Accured income+ Other Assets- Accured Expenses- Paybles- Other Liabilities
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Number of Units Outstandings

Units in the schemes are alloted on the basis of the Sale Price, which is calculated as follows:

Sale Price= NAV *(1+ Entry Load)

Units in the schemes are repurchased on the basis of Repurchase Price, which is calculated as follows:

Repurchase Price= NAV *(1- Exit Load)