Net Asset Value (NAV)represents the cumulative market value of the assets of the fund net of its liabilities. NAV per unit is simply the total net value of assets divided by the number of units outstanding.

Buying and selling into funds is done on the basis of NAV-related prices. The NAV of a mutual fund are required to be published in newspapers. The NAV of an open end scheme should be disclosed on a daily basis and the NAV of a close end scheme should be disclosed at least on a weekly basis.


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