a) A mutual fund raised Rs. 150 lakhs on April 1, 2018 by issue of 15 lakh units at Rs. 10 per unit. The fund invested in several capital market instruments to build a portfolio of Rs. 140 lakhs, Initial expenses amounted to Rs. 8 lakhs. During the month of April, the fund sold certain instruments costing Rs. 44.75 lakhs for Rs. 47 lakhs and used the proceeds to purchase certain other securities for Rs. 41.6 Lakhs. The fund management expenses for the month amounted to Rs. 6 lakhs of which Rs. 50,000 was in arrears. The fund earned dividends amounting to Rs. 1.5 lakhs and it distributed 80% of the realized earnings and dividends earned. The market value of the portfolio on 30th April, 2018 was Rs. 147.85 Lakhs. Calculate the NAV as on 30th April 2018