NAVPS or Net Asset
Per Share is one of the key term you ought to know once you start investing
especially in Mutual Funds. At first I have no idea what this five-letter
acronym means but through time I discovered that it is essential to know its
ins and outs.
NAVPS is the value
of a single unit or share of a fund. For Mutual Fund, NAVPS refers to the price
at which the shares are bought and sold. Since you are not buying nor selling
on a personal basis but instead you let the financial institution take charge
of everything.
NAVPS can be
calculated by dividing the Total Net Value of the fund or company by the number
of shares outstanding.
NAVPS= Mutual
Fund’s Net Asset Value
# of Shares Outstanding
PS: I will be blogging
on how to compute your FAMI Investment before the month ends so stay tuned! J
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