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The NAV measures how much each unit of a fund is worth. It is the total market value of all the assets held, including cash in the portfolio, minus the liabilities and this entire result is divided by the total number of units.

To learn more about NAV check out this link - http://www.cafemutual.com/News/InnerKnowledge.aspx?srno=79&MainType=Tutorials&id=5

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Q: What is NAV and how is it calculated?
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