Math and Arithmetic
How do you write the number rs 50 Lakhs?
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G stands for Growth D stands for Dividend Let us say there are two funds each with NAV Rs. 10. Assuming both collect a corpus of Rs. 10 lakhs and invest in the stock markets. At the end of the year, both funds made a decent profits and their corpus stands at Rs. 15 lakhs each. Fund A declares a dividend of Rs. 4 per unit and hence people who invested in it get some money. The NAV falls to Rs. 11 and the corpus falls to Rs. 11 lakhs. This is called a dividend and this fund A is a 'D' fund Fund B does not declare any dividend and continues to invest the Rs. 15 lakhs. This is a 'G' fund. Only when you want your money, you will get it. Until then, the money would remain with the fund house
Asked in Credit Reports, Banking, Currency Conversions
What is Rs 1 million in India rupees?
In India, we don't use the term million. We use the terms lakhs and crores whereas the western countries use the terms million, billion and so on. 1 million rupees refers to 1,000,000 rupees which is equivalent to Rs. 10 lakhs in Indian money i.e., 10,00,000. If you see, the number is exactly the same but we just have the "," comma in a different location.