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Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.?
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Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th Ap...
Calculation of NAV at the time of sales:
To calculate the NAV at the time of sales, we need to consider the following factors:
1. Initial investment:
- Dynanesh invested Rs. 80,000 on 4th April 2011 when the NAV was Rs. 300.
- Therefore, the number of units purchased = Initial investment / NAV = 80,000 / 300 = 266.67 units.
2. Dividend received:
- Dynanesh received a dividend of Rs. 10 per unit.
- Therefore, the total dividend received = Number of units purchased * Dividend per unit = 266.67 * 10 = Rs. 2,666.70.
3. Entry and exit loads:
- The entry load is 2% and the exit load is 0.5%.
- Entry load = Initial investment * Entry load % = 80,000 * 2% = Rs. 1,600.
- Exit load = (Initial investment + Dividend received) * Exit load % = (80,000 + 2,666.70) * 0.5% = Rs. 413.33.
4. Total investment:
- Total investment = Initial investment + Entry load - Dividend received - Exit load = 80,000 + 1,600 - 2,666.70 - 413.33 = Rs. 79,520.97.
5. Total gain:
- The total gain in these transactions is given as Rs. 15,000.
- Therefore, the final amount received after selling all units = Total investment + Total gain = 79,520.97 + 15,000 = Rs. 94,520.97.
Calculation of NAV at the time of sales:
To calculate the NAV at the time of sales, we need to divide the final amount received after selling all units by the number of units sold.
- NAV at the time of sales = Final amount received / Number of units sold = 94,520.97 / 266.67 = Rs. 354.41.
Therefore, the NAV at the time of sales was Rs. 354.41.
To calculate the NAV at the time of sales, we need to consider the following factors:
1. Initial investment:
- Dynanesh invested Rs. 80,000 on 4th April 2011 when the NAV was Rs. 300.
- Therefore, the number of units purchased = Initial investment / NAV = 80,000 / 300 = 266.67 units.
2. Dividend received:
- Dynanesh received a dividend of Rs. 10 per unit.
- Therefore, the total dividend received = Number of units purchased * Dividend per unit = 266.67 * 10 = Rs. 2,666.70.
3. Entry and exit loads:
- The entry load is 2% and the exit load is 0.5%.
- Entry load = Initial investment * Entry load % = 80,000 * 2% = Rs. 1,600.
- Exit load = (Initial investment + Dividend received) * Exit load % = (80,000 + 2,666.70) * 0.5% = Rs. 413.33.
4. Total investment:
- Total investment = Initial investment + Entry load - Dividend received - Exit load = 80,000 + 1,600 - 2,666.70 - 413.33 = Rs. 79,520.97.
5. Total gain:
- The total gain in these transactions is given as Rs. 15,000.
- Therefore, the final amount received after selling all units = Total investment + Total gain = 79,520.97 + 15,000 = Rs. 94,520.97.
Calculation of NAV at the time of sales:
To calculate the NAV at the time of sales, we need to divide the final amount received after selling all units by the number of units sold.
- NAV at the time of sales = Final amount received / Number of units sold = 94,520.97 / 266.67 = Rs. 354.41.
Therefore, the NAV at the time of sales was Rs. 354.41.
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Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.?
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Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.?.
Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.?.
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Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.?, a detailed solution for Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.? has been provided alongside types of Dynanesh invested Rs.80,000 to purchase some units of a M.F. on 4th April 2011, when NAV was Rs. 300. He received dividend of Rs. 10 per unit. He sold all units on 14th Nov. 2011. The entry and exit loads were 2% and 0.5% respectively. If his total gain in these transactions was Rs. 15,000, find NAV at the time of sales.? theory, EduRev gives you an
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