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Q1)
A SBI Flexicap fund has the following investments in the diversified portfolio Market Price Market price Company No. of shares (Aug ,2023) (Aug,2022) Page Industries Ltd 20000 48977 40499.95 Havells India Ltd 30000 1287.15 1292.4 Divi's Laboraties Ltd 20000 3580.65 3666 Voltas Ltd 60000 977.15 809 Infosys Ltd 50000 1575.65 1404.5 Star Cement Ltd 40000 91.85 153 PVR Inox Ltd 30000 1447.1 1710 Delhivery Ltd 60000 559.3 407.9 Life Insurance Corporation of India 50000 675.3 653.2 G R Infra Project Ltd 40000 1363.8 1259.6 Rossari Biotech Ltd 30000 913.45 808.5 K.P.R.Mills Ltd 60000 913.45 699.8 Sheela Foam Ltd 40000 1500.48 1115 TOTAL SBI Flexicap has other assets and liabilities are as follows Particulars Aug, 2023 Aug,2022 Cash and Cash Equivalents 4552000 3556000 Accrued Expenses 452000 562000 SBI Flexi fund has issued 65450000 units,during the year the fund distributes ₹ 4.5 per unit as dividend.
(a) Calculate the NAV per unit of the fund at the end of Aug 2022 and 2023 (b) Calculate the return on investment at the end of Aug,2023. (c ) An investor purchased 1000 units of SBI flexicap fund as on Aug,2022,if all dividend are reinvested into additional units of the fund by ( d) If investor redeemed all his holding at the end of Aug,2023 as calculated in ( c) above, exit load is 1.5% applicable on NAV.Calculate (e ) At the end of Aug,2023 how many units of SBI flexicap fund can be redeem without selling stocks position.
Particulars Aug, 2023 Aug,2022
Cash and Cash Equivalents 4552000 3556000 Accrued Expenses 452000 562000 DIV MV 1538370700 1316637000 (A) NAV 23.5671611917494 20.1624293353705 20.4694714064675 (B) GROWTH 39.21%
(C) POP 23.93
NAV 23.5671611917494 SALES 1.50%
UNITS TO BE REEDEM 4500
OFFE 188.079504524786
TOTAL UNITS TO BE REDEM 1188.1
(D) UNITS TO BE REDEM 1188.1
EXIT LOAD 1.50% NAV 23.5671611917494 VALUE REEDEM 28000 NAV 0 20469.4714064675 NAV 1 27579.6662738732
nto additional units of the fund by investor as on Aug,2023, entry load is 1.5% on public offer price.Calculate total no of units at the end of Aug 2023. .5% applicable on NAV.Calculate the return to investor. Q2(a) Following are the details of the Assets and Liabilities of R.K Mutual Fund : ANS Investments 85.71% TOTAL ASSET 55420219 Debtors 4.54% TOTAL LIAB 55797101 Outstanding Income 1.54% NET O/S EXP 5886594 Other current assets 8.21% Total 100.00% NAV 70.762321 Outstanding Expenses 0.69% Other External Liabilities 9.86% 72.177568 Unit Holders Claim 89.45% Total 100.00%
The Outstanding expenses and Other Current Assets are Rs. 3,85,000 and Rs. 45,50,000 respectively. If the number of outstanding units is 70,00,00 and the Fund wants to buyback the units at 2% premium to NAV, calculate the offer Price per unit.
Q2 (b) Consider the following data of an Swastik Mutual fund with 15.5 crore units outstanding:- Particulars ₹. In crore Marketable Securities 4315 Trade Receivables 345 Quick Assets 55 Other current assets 1545 Trade Liabilities 1654 Income received in advance 312 Public offer price p.u. 285.05
Calculate the sales charge % on public offer price.
4294 277.032258064516 NAV 285.05 POP 2.81% SALES 277.0325345985 Q3) The swastik mutual fund sells Equity units with a entry load of 5% and debt units with an annual management fees of 0.6% (for both equity and debt un (for debt units only) that start at 6% and fall by 1% for each full year the investor holds the portfolio (until the sixth year). Assume the rate of return on th 12% annually, what will be the value of a ₹15,000 investment in equity and debt units if the units are sold after (a) 1 year, (b) 5 years and (c) 10 years. W will provide higher net proceeds at the end of the investment horizon?
DEBT ENTRY LOAD MANA R N-1 N-1
N INV
DEBT
N th a entry load of 5% and debt units with an annual management fees of 0.6% (for both equity and debt units) and exist load y 1% for each full year the investor holds the portfolio (until the sixth year). Assume the rate of return on the fund portfolio is 5,000 investment in equity and debt units if the units are sold after (a) 1 year, (b) 5 years and (c) 10 years. Which fee structure will provide higher net proceeds at the end of the investment horizon?
Mr.A invested in the following schemes of AM Mutual Funds
Name of Schemes Equity Debt Hybrid Date of Investment 01.12.2022 01.01.2023 01.03.2023 Amount of investment (₹) ₹ 62,500 ₹ 125,000 ₹ 62,500 Net Asset Value per unit at entry date ₹ 13.12 ₹ 12.50 ₹ 12.50 Dividend received per unit ₹ 0.25 0.2 0 Net Asset Value per unit as on 31.03.2023 14.25 13.5 14.25 At the time of investment,each unit is selling at 2% premium to NAV per unit.By the end of the year each unit is selling at a 3% discount to NAV. You are required to rank the schemes based on annualized return to Mr. A as on 31.03.2023?
NAV 0 ₹13.38 ₹12.75 ₹12.75
NAV 1 13.8225 13.095 13.8225 Dividend received per unit ₹ 0.25 0.2 0 R 5.16% 4.27% 8.41% RANK 2 3 1 % discount to NAV.
