Much I read about my mutual fund enquiry, where I also mentioned roughly units purchased vis-a-vis edge fixed deposit. There were couple of apposite answers which relieved me of anxiety on subject matter but still nobody have come up with anything on the subject of importance of accumulate more units within a fund. Few of my relatives argue that it helps when redeeming beside specific number of units. I hold this arguement false because on redemption slip it also mentions an picking to redeem an amount chosen by us, whatever that translates that into no. of unit.

So why the Mutual Fund Houses bother about No. of unit? And whe people buy into same but suitable performing funds to gain more units?

Help next to figure plus of a...

Answer:
UNCLEAR QUESTION!! Invested amount divided by the NAV meaning is your no. of units. You must retain a minimum unit so that the fund value remains Rs. 5000/- at the time of redeemtion if not you have to redeem adjectives units.
In Tax positive ELSS funds the scheme is different. To know more email at : anneshan04(a)yahoo.com or ring at 09831742482

"When it comes to investing, trust not...

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Units is a function of Total Amount divided by Per Unit Value , this is how unit are derived . So Units as such are meaningless , until it has a helpfulness . Larger number of units does not signify anything , but when you multiply by Price / Unit , it give you the Notional value . Profit / Loss is dervied next .
So units are nil but derivation hence not at all major & has no significance contained by investments

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