BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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At the current NAV prices
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The prevailing stock prices of the units
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At 10 percent of his buying price plus the original cost
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The current NAV price less 2 percent
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Detailed explanation-1: -How Mutual Fund Units Are Calculated? NAV = (Total value of assets – Total value of liabilities) / Number of unit-holders.
Detailed explanation-2: -More About the 15x15x15 Rule for Mutual Fund Investments It says that if you invest Rs. 15, 000 per month via SIP in an equity mutual fund that is capable of generating an average return of 15%, you are most likely to become a crorepati in 15 years (as stated in the example above).
Detailed explanation-3: -With a compounded annual growth rate or CAGR, you can calculate the average rate of growth for an investment period of more than 12 months, the formula is [(current NAV/beginning NAV)(1/the number of years)]-1 x100. If your investment is in months, you can replace 1/number of years with 12/number of months.