How will the NAV for the QGF be calculated?
The NAV of the QGF is determined on the basis of the market value of gold. This is determined as per the valuation norms prescribed by SEBI. An illustrative example is given below: NAV calculation Market price for ½ gram of gold (Rupees) Rs. 549.20 – Total gold held by the scheme (in grams) 99,000 – Value of the gold held by the scheme (Rupees) Rs. 10,87,41,600 549.20 * 2 * 99,000 Cash held by the scheme Rs. 10,98,400 Net Assets of the Scheme Rs. 10,98,40,000 Sum of gold and cash No. of units of the scheme (1/2 gram units) 200,000 – NAV per unit Rs. 549.20 Net assets / No. of units The expenses of the scheme are met from the cash held by the scheme; if the cash so held is insufficient, then gold held by the scheme would be sold. Year 1 2 3 4 5 Price of Gold per gram 1,098.40 1,098.40 1,098.40 1,098.40 1,098.40 Gram of Gold per each unit of the Scheme 0.495 0.495 0.495 0.490 0.490 Net Assets of the Scheme 109,840,000.00 109,290,800.00 108,744,346.00 108,200,624.27 107,659,621.15 No. of
