Economics Mutual Funds Questions Medium
The Net Asset Value (NAV) of a mutual fund is the per-share value of the fund's assets minus its liabilities. It represents the price at which investors can buy or sell shares of the mutual fund. The NAV is calculated by dividing the total value of the fund's assets by the total number of shares outstanding. It is typically calculated at the end of each trading day. The NAV is important for investors as it provides an indication of the fund's performance and allows them to determine the value of their investment.