The conversation between human and AI assistant.
What is meant by NAV in mutual funds and gold ETFs? What does it convey? What is its importance?
Is it possible for two mutual funds with the same NAV to have different returns?
Absolutely! Two mutual funds with the same NAV can have different returns, as they may hold different assets and have different expense ratios or management fees. It's important to consider other factors such as historical performance, investment strategy, and risk level when choosing a mutual fund to invest in.