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What is meant by NAV in mutual funds and gold ETFs? What does it convey? What is its importance?
Can you explain to me what is meant by NAV in mutual funds and gold ETFs? What does it convey? What is its importance?
Sure thing! NAV stands for Net Asset Value, and it represents the price at which the units of a mutual fund or ETF are bought and sold. It gives investors an idea of the value of their investments and is calculated by dividing the total value of the fund's assets by the total number of units outstanding.