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    Nav Calculation

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    sen chandan

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    Nav Calculation

    Uploaded by

    sen chandan
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    © © All Rights Reserved

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    Copyright:

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    29 views1 page

    Nav Calculation

    Uploaded by

    sen chandan

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    © All Rights Reserved
    Download as PDF or read online from Scribd
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    J MIRAE ASSET Mutual Fund Calculation of NAV The Net Asset Value (NAV) of a mutual fund is the price at which units of a mutual fund are bought or sold. It is the market value of the fund after deducting its liabilities. The value of all units of a mutual fund portfolio are calculated on a daily basis, from this all expenses are then subtracted. The result is then divided by the total number of units the resultant value is the NAV. NAV is also sometimes referred to as Net Book Value or book Value. For example: The portfolio has = 5,00,00,000 of investments, based on the day's closing prices for each individual asset. It also has = 55,00,000 of cash and cash equivalents on hand, as well = 25,00,000 in total receivables. Accrued income for the day is = 75,000. The fund has % 53,51,000 in short-term liabilities and % 12,95,000 in long- term liabilities. Accrued expenses for the day are 2 3,000. Bank transaction charges for the day are = 2,000. The fund has = 50,00,000 units outstanding. The Net Asset Value (NAV) is calculated as: NAV = ((% 5,00,00,000 + % 55,00,000 + % 25,00,000 + % 75,000) - (% 53,51,000 + %12,95,000 + & 3,000 + € 2,000)) / ¥ 50,00,000 = (¥ 5,80,75,000 — % 66,51,000) / % 50,00,000 = % 10.2848 Dimers: Te nformation herein is meant cn Fr genera reading purposes athe views being expressed oly consttute opinions and therefore cannot be considered as ‘uielnes,recommendstions os a professional guide for the readers. Whist Mae Asset Gaba tvestets (nea) Prva Lites {the AMC) sha have no ‘esponsbiy/anlty whatsoever or the accurecy or any use or reance thereto such infermaton. The AMC, fs associ or sponsors or group cman, ts Dcetors or ‘employees arcenss no labaty for any less damage an kn resulting out of e user this armaton. The ecpent{s) before acong on an svormatonherein should make seth own investigator and seek appropriate pofessoral acvce and sal alone be fly responstble/Tabe‘or any decision taken onthe bass of nfrmation conan herein. Any relance on the accuracy or use of such information shal be done oly after consutaton to the nancial consutant to understand the specie tax or Manca Implestors Mutual Fund investments are subject to market risks, read all scheme related documents carefully. B son | Gere curme | OEE | Po

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