A unit holder purchased 200 units of a mutual fund at NAV of Rs.12, each. There was no entry load. The fund purchased securities worth Rs.2400 using this money. After one year the fund had 20,000 units. The value of unit holder's holdings in the mutual fund would be

When you buy mutual fund units, you own a percentage of the total fund proportional to your investment. You invested Rs.2,400 out of what became a Rs.2,40,000 fund (20,000 units × Rs.12 NAV = Rs.2,40,000). Your 200 units represent exactly 1% of the total 20,000 units (200/20,000 = 1%). Therefore, your holding value is 1% of the fund's net assets at that time - option C is correct. Option A would only be true if NAV remained exactly Rs.12, which is not guaranteed. Option B is meaningless without specifying time. The data is sufficient for calculation.