Multiple choice

The amount required to buy 100 units of a scheme having an entry load of 1.5% and NAV of Rs. 20 is

  1. Rs.2015

  2. Rs.1985

  3. Rs.2030

  4. Rs. 2000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Basic investment = 100 units × Rs. 20 NAV = Rs. 2000. Entry load of 1.5% is calculated on this amount: 2000 × 0.015 = Rs. 30. Total amount required = Rs. 2000 + Rs. 30 = Rs. 2030.

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