How NAV is calculated for mutual funds ?
What will be the entries required for Mutual funds ?
What is the cost of investment and how it is calculated ?
How NAV is Calculated ?
(Guest)
2 Replies
C.A Manish Arya
(C.A, M.B.A)
(408 Points)
Replied 23 January 2011
NAV is calculated on weekly basis for each stage...Following Steps are applied.....
1-Calculate the Bank Balance
2-Calculate and ADD the Market value of al the assets in the scheme in amt calculated in 1
3-Deduct all the Liabilities(if any) of the Scheme from amt in 2
4-Divide the Resultant Amount by the no. of Units of the Scheme
As far as Enteries are concerned that i ahve already posted on ur Previous Query.. Go check out there.....Manish :-)
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