Net Asset Value (NAV) is the actual value of one unit of a given scheme for a given business day.
Units in the schemes are alloted on the basis of the Sale Price, which is calculated as follows :
Sale Price= NAV *(1+ Entry Load)
Units in the schemes are repurchased on the basis of Repurchase Price, which is calculated as follows :
Repurchase Price= NAV *(1- Exit Load) | |