net asset value (NAV)
Definition
Value of a mutual fund's share (unit) computed daily at the close of financial markets. Also called bid price, NAV per share, or NAV per unit. Formula: (Market value of each security in the fund's portfolio + All other assets – All liabilities) ÷ Number of outstanding shares (units).
net asset value (NAV) is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
net asset value (NAV) appears in the definitions of the following terms: open end mutual fund, closed-end mutual fund, asset value per share, cover, premium, investment company, total return, no load fund, breakup value and mutual fund
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