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Glossary · PSX term

Net Asset Value (NAV).

NAV is the per-unit value of a fund, based on the value of its holdings minus liabilities.

Definition

For a mutual fund, NAV is the total value of assets less liabilities divided by the number of units, and it is the price at which units are usually bought or redeemed. It updates as the underlying holdings change in value.

Worked example

If a fund holds Rs. 1 billion in assets and has 100 million units, the NAV is Rs. 10 per unit.

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Mutual fund
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