NAV

NAV Net Asset Value, which is the value of total assets less liabilities on the date of valuation. It represents the net worth of the company. Mutual funds periodically publish he NAV of their units or shares; this is the market price on that particular date of the net assets (i.e., less all liabilities) of the fund, divided by the numbers of units or shares outstanding. The market price, however, may be more or less than the NAV. For funds which themselves redeem the units or shares, the redemption price is less than the NAV. See LOAD FUND

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