Question 1 of 8
An investor invested in Scheme A when the scheme’s NAV was Rs. 120 per unit. The investor redeemed the investment at an NAV of Rs. 135. Calculate the simple return.
A
10.00 percent
B
11.11 percent
C
12.50 percent
D
15.00 percent
Correct Option:
C
Explanation
Simple return = (Redemption NAV − Purchase NAV) ÷ Purchase NAV × 100 = (135 − 120) ÷ 120 × 100 = 15 ÷ 120 × 100 = 12.50%.
