How is NAV calculated in SIP?

How is NAV calculated in SIP

The total capital of a company is divided into small parts call shares; each share is then offered to an IPO shareholder. Then it goes to the secondary market, where ordinary people can buy shares at the prevailing rate. Similarly, the overall corpus or AUM of a mutual fund divided into several smaller units. NAV is the cost of the unit. So, for example, if the total AUM of a fund is around one crore and divided into 2 lakh units, the value of each unit will be around 50.…

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