How is the number of purchased shares computed? : Helpdesk Page

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How is the number of purchased shares computed? Print

Modified on: Wed, 4 Aug, 2021 at 12:04 PM

The number of purchased shares is computed by dividing the total investment amount by the fund's NAVPS:

Purchased Shares = Investment Amount
NAVPS

However, there are rounding off methods that mutual funds follow when it comes to fractional shares. See the table below:

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