General

How are Capital Gains Taxes charged?

NAV or Net Asset Value of the fund is the cumulative market value of the assets of the fund net of its liabilities. NAV per unit is simply the net value of assets divided by the number of units outstanding. Buying and selling into funds is done on the basis of NAV-related prices.

NAV is calculated as follows:

NAV =

Market value of the fund's investments + Receivables + Accrued Income-Liabilities -Accrued Expenses
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Number of Outstanding units