Multiple choice

The day on which NAV is calculated by a fund is known as

  1. computation date

  2. valuation date

  3. record date

  4. book closure date
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The valuation date is the specific day on which the NAV is calculated, based on closing market prices of all holdings. It's distinct from record date (for entitlements) or book closure (not used in mutual funds). The valuation date determines the NAV used for transactions and performance reporting.

Keep practicing — related questions