During the year, dividends of RS. 12, 00,000 were received on equity shares. Interest on all types of debt securities was received as and when due .At the end of the year ,the equity shares and 10% debentures are quoted at 175% and 90% respectively Find out the NAV per unit given that operating expense paid during the year amounted to Rs.5,00,000. Also find out the NAV if the mutual fund had distributed a dividend of Re. 0.80 during the year to the unit holders.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Q5) A mutual fund made an issue of 10, 00,000 units of Rs.10 each on Jan. 1, 2016. No
entry load was charged .It made the following investments:
50,000 Equity shares of Rs.100 each @Rs.160
Rs.80,00,000
7% Govt. Securities
8,00,000
9% Debentures (unlisted)
5,00,000
10% Debentures (listed)
5,00,000
98,00,000
During the year, dividends of RS. 12, 00,000 were received on equity shares. Interest on
all types of debt securities was received as and when due .At the end of the year ,the
equity shares and 10% debentures are quoted at 175% and 90% respectively Find out the
NAV per unit given that operating expense paid during the year amounted to Rs.5,00,000.
Also find out the NAV if the mutual fund had distributed a dividend of Re. 0.80 during
the year to the unit holders.
Transcribed Image Text:Q5) A mutual fund made an issue of 10, 00,000 units of Rs.10 each on Jan. 1, 2016. No entry load was charged .It made the following investments: 50,000 Equity shares of Rs.100 each @Rs.160 Rs.80,00,000 7% Govt. Securities 8,00,000 9% Debentures (unlisted) 5,00,000 10% Debentures (listed) 5,00,000 98,00,000 During the year, dividends of RS. 12, 00,000 were received on equity shares. Interest on all types of debt securities was received as and when due .At the end of the year ,the equity shares and 10% debentures are quoted at 175% and 90% respectively Find out the NAV per unit given that operating expense paid during the year amounted to Rs.5,00,000. Also find out the NAV if the mutual fund had distributed a dividend of Re. 0.80 during the year to the unit holders.
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