BANKING GENERAL KNOWLEDGE
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Question
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NAV is normally used in respect of schemes floated by
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Banks
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Mutual funds
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Insurance Companies
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Merchant banker
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Explanation:
Detailed explanation-1: -The NAV or net asset value is the per-unit market value of all the securities held by the mutual fund scheme. Since the amount collected from investors is invested in securities, a mutual fund always holds assets under the scheme and the investors hold a certain amount of units of mutual funds.
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