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A Mutual Fund is an investment vehicle made up of a pool of funds collected from multiple investors, for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual Funds are operated by investment experts, who invest the fund’s capital and to produce capital gains and income for the fund’s investors. A Mutual Fund’s portfolio is structured and maintained to match the investment objectives stated in its prospectus. Pooled creates greater buying power; thus making it possible for you to invest in a wider range of investments. Each investor in a fund owns shares that represent a part of a fund’s portfolio holdings.
The Net Asset Value of Fund (NAV) is calculated as:
Assets of the fund - Liabilities of the fund
NAV = ———————————————————————————————————-
No. of units issued