Mutual Funds and NAV

Mutual funds are pools of money that are invested by many people in order to make money. The NAV (net asset value) is the value of the mutual fund at any given time. This value is decided by the mutual fund's trustees (usually a group of people who are responsible for the fund's management) and is based on the fund's assets (money that is invested in the fund) and liabilities (money that the fund owes to investors).

from Banking/Finance-Industry-Economic Times https://ift.tt/4X0mybu