Units
Units in a mutual fund represent an investor’s share of ownership in the fund. When you invest, your contribution is converted into units based on the fund’s Net Asset Value (NAV) at the time of purchase. The number of units you hold reflects your proportion of the total pooled investment. As the value of the fund's underlying assets changes, the NAV fluctuates, affecting the overall value of your investment. Units help track investment growth and are used when buying or redeeming mutual fund holdings. They are a fundamental aspect of how mutual fund investments are measured and managed.
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