Multiple choice

NAV is normally used in respect of schemes floated by

  1. Banks;

  2. Mutual funds;

  3. Insurance Companies;

  4. Merchant bankers
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

NAV stands for Net Asset Value, which is the value per share of a mutual fund scheme. It is calculated by dividing the total value of all assets minus liabilities by the number of outstanding shares.

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