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  • If the value of total assets of a fund is 12000 and the f...
Multiple choice

If the value of total assets of a fund is 12000 and the fund has issued 900 units, the NAV of the unit is

  1. 13.33

  2. 13.00

  3. 14.00

  4. 13.35

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A Correct answer
Explanation

If the value of total assets of a fund is 12000 and the fund has issued 900 units, then the NAV of the unit is 12000/900 = 13.33.

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