Ch.7 · NAV Calculation Rules · easy
What is 'NAV on the date of allotment' for NFO investors?
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EXPLANATION
All investors who subscribe during an NFO receive units at the standard offer price — typically ₹10 per unit (face value). This uniform price applies to all investors regardless of when during the NFO period they applied. After the NFO period ends and the scheme reopens, subsequent investors transact at the prevailing market NAV which may be above or below ₹10.
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