What is the net asset value per share, or NAVPS?
The net asset value per share (NAVPS) is the value of each share of a mutual fund. A fund’s NAVPS is calculated daily and is the price used when purchasing or selling mutual fund shares. To determine the value of your shares, simply multiply the number of shares you own by the NAVPS. How do I withdraw my money from the mutual fund? You simply need to sell your shares in the mutual fund. The price at which you sell these shares is the NAVPS for the day. You will get the proceeds of your withdrawal within seven (7) banking days. What happens to my investment if something happens to me? Your shares in the mutual fund will form a part of your estate and will be distributed to your heirs (usually surviving spouse and children) accordingly. Rest assured, your investment will not disappear, or be “taken back”. To ease the transfer of the fund shares you may want to consider opening a joint account or trust account. Is my investment covered by the PDIC? No. A mutual fund is not a deposit produ
