Mutual funds are priced as per the Net Asset Value (NAV). NAV, which represents the market value of the fund per unit, is used by investors while purchasing and selling units from as well as to a Mutual Fund Company. NAV can be calculated by using the formula mentioned below:
NAV = Total value of all cash and securities in a Mutual Fund’s portfolio (less any liabilities) ÷ Total number of units in the Mutual Fund.