Hi Good day,
Cud anyone please explain with regards to mutual funds as follows :
I have invested some time back Rs,300000 and I keep getting charts to read as below mentioned. Now the Broker who is handling my account when asked how much will I get if I redeem the account.
According to my brokers wording here mentioned below.........
Brokers word :You can redeem your amount you will get is subject to market condition on the day of redemption.
Initial Invest : Rs,3,00000
PresentMarket Value : Rs.4,12930.73
National P&L : Rs.1,12930.73
Abs/XIRR : 37.64
What I would lke to know is if I invested Rs.3,00000 and suppose today's market value is Rs.4,12930.73 will I get after redeeming my funds adding both the amount a total of Rs.7,12930.73.kindly explain if I am wrong.
Thanking you,
Regards,
Dav
Cud anyone please explain with regards to mutual funds as follows :
I have invested some time back Rs,300000 and I keep getting charts to read as below mentioned. Now the Broker who is handling my account when asked how much will I get if I redeem the account.
According to my brokers wording here mentioned below.........
Brokers word :You can redeem your amount you will get is subject to market condition on the day of redemption.
Initial Invest : Rs,3,00000
PresentMarket Value : Rs.4,12930.73
National P&L : Rs.1,12930.73
Abs/XIRR : 37.64
What I would lke to know is if I invested Rs.3,00000 and suppose today's market value is Rs.4,12930.73 will I get after redeeming my funds adding both the amount a total of Rs.7,12930.73.kindly explain if I am wrong.
Thanking you,
Regards,
Dav