What is NAV in Mutual Funds?
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What is NAV in Mutual Funds?
Well, the true worth of a unit of the mutual fund scheme is called the scheme's Net Asset Value (NAV). In simple words, the units of mutual fund schemes are purchased and redeemed at their NAV. The formula to derive at NAV is dividing the scheme's net assets by the number of units outstanding on the valuation date. Watch the video to learn more ...
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