Ch.3 · Custodian and RTA Functions · easy
What is 'NAV calculation' responsibility and who performs it?
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EXPLANATION
NAV calculation is the AMC's responsibility — performed by its internal fund accounting team or an outsourced fund accountant. NAV = (Total Assets - Total Liabilities) / Number of Units Outstanding. For open-ended schemes, NAV must be calculated on every business day and published on the AMC website and AMFI portal by 11 PM.
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