Mutual fund

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 September 2011 Sir,
I had taken a sip(equity fund) of axis bank ltd in Jan -2011 for rs.2000/- per month and i am regular seeing that sip from jan-2011 till today has not plus as profit amount. this is going on regular minus. my a/c. current status is 1474 units. of rs.16000/- as 14774/- so kindly suggest me that should i continue my sip installment or not.....

And what is calculation of nav with example..........

Thanks in advance

Prof. Bajaj

Prof. Bajaj (Expert)
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29 November 2011 Bankers might not be the best advisors when it comes to investments.

You may visit http://professorbajaj.wordpress.com/2011/07/28/banker-or-cheater/ to get a fair idea on the same.

NAV = Market Value of the assets / No. of outstanding units