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This fund is one of the best performing Mutual Fund schemes managed by Mr. Satish Ramanathan, Head of Equity at Sundaram BNP Paribas Mutual Fund. The NAV of the scheme is Rs.18.19 (as on 12-07-2010) for the Dividend Option and Rs.145.53 (as on 12-07-2010) for the Growth Option. You can check the latest NAV on Sundaram Mutual Fund website or on the respective websites.
What is NAV?
NAV is the Net Asset Value of the scheme. At the time of installation, it will be fixed as Rs 10. Once the fund starts performing, the NAV of the schemes accordingly varies depending on the performance of the stocks in which the fund is invested. NAV will be updated on each trading day at the end of the trading session. The latest NAV will be posted on Sundaram Company’s website or on various brokerage company’s websites.
When you buy units for this scheme at a later date, the NAV at the end of the day will be taken into account. Sundaram Select Mid Cap Fund also has SIP plans. If you invest your money in Systematic Investment Plans, the units will be bought every month at the current NAV. This will help you buy more units at different prices. When you take the average price at which the units are bought, it will be lower than regular purchases. More units would have been bought at the lower price and fewer units would have been bought at the higher price. This will help you to earn more money in a smart way.
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