NAV, Expenses & Pricing
Learn how NAV is calculated, understand Total Expense Ratio (TER) and the new BER framework under SEBI 2026 regulations, exit loads, cut-off timings, and pricing mechanisms. Key numerical concepts for the NISM VA exam.
What is NAV? — Calculation & Significance
Net Asset Value (NAV) is the per-unit market value of a mutual fund scheme, calculated by dividing the total net assets of the fund (total assets minu...
Mark-to-Market & Fair Valuation Principles
Mark-to-Market (MTM) is the accounting practice of valuing securities held by a mutual fund at their current market price rather than their purchase p...
Total Expense Ratio (TER) — Direct vs Regular Plans
Total Expense Ratio (TER) is the annual percentage of a mutual fund scheme's average daily net assets that is charged to the scheme to cover all opera...
Entry Load (Abolished) & Exit Load — Impact on Returns
A load is a charge levied by a mutual fund scheme on investors at the time of entry (subscription) or exit (redemption). Entry load was a fee charged ...
How Fund Houses Calculate NAV Daily
Daily NAV calculation is the process by which mutual fund houses determine the per-unit value of each scheme at the end of every business day. The fun...
Cut-off Timing — When Does Your NAV Apply?
Cut-off timing in mutual funds refers to the time deadline before which an investor must submit a valid purchase (subscription) or sale (redemption) r...
NAV, TER and Pricing in Segregated Portfolios
A segregated portfolio (commonly known as side-pocketing) is a mechanism introduced by SEBI in December 2018 that allows mutual fund schemes to separa...
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