NAV Calculation amp Formula
11/01/2022 Financial & Legal Services
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Description
A mutual fund’s NAV is usually calculated by a fund accounting firm hired by the mutual fund or the mutual fund house itself. It is mandatory, as per SEBI guidelines, that all mutual funds publicly display their NAV by updating it on the AMC & AMFI website on every business day. Typically, a mutual fund asset falls into one of two categories. It is either a scheme with underlying securities or liquid funds (cash). Securities are inclusive of both stocks and bonds.
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Shaheen Shaikh
Individual
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