Ch.7 · Total Expense Ratio Limits · medium
What does 'Total Assets' include in the NAV calculation?
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EXPLANATION
Total Assets in NAV calculation includes: market value of all portfolio investments (equity at last traded price, debt at valuation agency prices), accrued income (interest, dividends declared but not received), cash and bank balances, and other receivables. This comprehensive valuation ensures NAV reflects all value within the scheme.
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