Mutual Funds Question 1 A Mutual Fund raised funds on 01.04.2007 by issuing 10 lakhs units @ 17.50 per unit. Out of this Fund, 7160 lakhs invested in several capital market instruments. The initial expenses amount to 7 9 lakhs. During June, 2007, the Fund sold certain securities worth 100 lakhs for 125 lakhs and it bought certain securities for 790 lakhs. The Fund Management's expenses amounting to 75 lakhs per month. The dividend earned was 73 lakhs. 80% of the realised earnings were distributed among the unitholders. The market value of the portfolio was 175 lakhs. Determine Net Asset value (NAV) per unit as on 30.06.2007