Anise domestic equity fund sells two types of share a+ and a++. A+ shares are sold with
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Question:
Anise domestic equity fund sells two types of share a+ and a++. A+ shares are sold with front end load fee of 4% whilst type a++ shares are not subject to front end load fee but are charged to investment management fee of 3% per annum as well as exit fee that start at 10.5% and reduce by 1.5% for each full year the investor holds the portfolio (until the 7th year). the annual rate of return for both types of share is 15%. Calculate the value of a rs100000 investment made by investor mrs cherry in type a++ shares if the shares are dispose after i) one year and ii) 5 years
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