Funds, ETFs & Index Investing
2 terms
Net Asset Value
Funds, ETFs & Index Investing
₹
The per-unit value of a fund, computed as its assets less liabilities divided by units outstanding.
NAV = (Market Value of Assets - Liabilities) / Number of Units Outstanding
New Fund Offer
Funds, ETFs & Index Investing
qualitative
The initial subscription period during which units of a newly launched scheme are sold, usually at ₹10.
Test: the scheme has no prior track record and units are offered at a fixed initial price during a stated window