NISM-Series V-A: Mutual Fund Certification Exam Notes
Page 5 Of 63
Go to:
Sale Price - NAV = Entry Load
Repurchase Price - Price at which units are repurchased / Redeemed by MF
NAV - Repurchase Price = Exit Load
Low Costs - Mutual Funds are a relatively less expensive to directly investing in the capital markets because the benefits of reduction in share brokerage which translate into lower costs for investors.
Liquidity - In open-ended schemes, you can get your money back promptly at Net Asset Value (NAV) related prices from the Mutual Fund itself. With close-ended schemes, you can sell your units on a stock exchange at the prevailing market price.
MODELEXAM® 
www.realsoftinfoplan.com