How is the NAV calculated in an NFO?

How is the NAV calculated in an NFO?

During the offer period, units are issued at the face value (usually ₹10). After the NFO closes, the Net Asset Value (NAV) is calculated daily based on:
  1. Market value of securities in the portfolio
  2. Expenses and liabilities of the scheme
  3. Divided by the number of outstanding units
This NAV becomes the trading value of the scheme after listing.