Multiple choice

For a open-end fund, the repurchase price should not be lower than the

  1. NAV

  2. 95% of NAV

  3. 93% of NAV

  4. 97% of NAV

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

For open-end funds, SEBI regulations require the repurchase price to not be lower than 93% of the NAV. This provides a minimum guarantee for investors redeeming their units.