Net asset value (NAV) is the representation of the per share value of a mutual fund. It is the price at which investors buy and sell mutual fund shares to a fund company. NAV can be calculated by dividing the total value of all cash and securities in a given portfolio (minus the liabilities) by the number of shares outstanding.
This value is computed at the end of every trading day based on the closing prices of the securities in the portfolio. The buy and sell orders of all mutual funds are
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