On 01-07-2016, Mr. X Invested 50,000/- at initial offer in Mutual Funds at a face value...

 

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On 01-07-2016, Mr. X Invested 50,000/- at initial offer in Mutual Funds at a face value of 10 each per unit. On 31-03-2017, a dividend was paid @ 10% and annualized yield was 120%. On 31-03-2018, 20% dividend and capital gain of * 0.60 per unit was given. Mr. X redeemed all his 6271.98 units when his annualized yield was 71.50% over the period of holding. Calculate NAV as on 31-03-2017, 31-03-2018 and 31-03-2019. For calculations consider a year of 12 months. On 01-07-2016, Mr. X Invested 50,000/- at initial offer in Mutual Funds at a face value of 10 each per unit. On 31-03-2017, a dividend was paid @ 10% and annualized yield was 120%. On 31-03-2018, 20% dividend and capital gain of * 0.60 per unit was given. Mr. X redeemed all his 6271.98 units when his annualized yield was 71.50% over the period of holding. Calculate NAV as on 31-03-2017, 31-03-2018 and 31-03-2019. For calculations consider a year of 12 months.

Answer rating: 100% (QA)

Number of units in the beginning 5000010 5000 units Yield for 9 months 120912 90 Market value o... View the full answer