Hi,
I invested 100rs in Reliance Liquid Mutual Fund (NAV - 4676.7743) a few days ago.
While I was invested, the NAV moved up some points. Let's say NAV was 4676.8321.
So I was expecting when I sell my investment I get some small profit like 0.1 paise (no exit load).
But instead, I got a loss of Rs 2.032.
I contacted Zerodha Coin support, they say this is because of rounding of 4 decimal places.
Is this normal i.e. this is how it is supposed to be?
Thanks,
A Stock Market Newbie here
Attached Zerodha's response for clarity
I invested 100rs in Reliance Liquid Mutual Fund (NAV - 4676.7743) a few days ago.
While I was invested, the NAV moved up some points. Let's say NAV was 4676.8321.
So I was expecting when I sell my investment I get some small profit like 0.1 paise (no exit load).
But instead, I got a loss of Rs 2.032.
I contacted Zerodha Coin support, they say this is because of rounding of 4 decimal places.
Is this normal i.e. this is how it is supposed to be?
Thanks,
A Stock Market Newbie here
Attached Zerodha's response for clarity
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