Ch.2 · Advantages and Limitations of Mutual Funds · easy
What is the face value (par value) of a mutual fund unit at the time of NFO?
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EXPLANATION
The standard face value (par value) of a mutual fund unit at the time of NFO is ₹10. This is the initial offering price. However, the face value does not affect returns — what matters is the change in NAV from the purchase price to the redemption price.
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