Defining Net asset value (NAV) of fund......

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Defining Net asset value (NAV) of fund......

Post by jiten702 on Fri Sep 24 2010, 13:10

The price or value of one unit of a fund. It is calculated by summing the current market values of all securities held by the fund, adding in cash and any accrued income, then subtracting liabilities and dividing the result by the number of units outstanding. Most open-ended funds companies compute NAVs once a day based on closing market prices.

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