By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy. You can change your Cookie Settings at any time but parts of our site will not function correctly without them.

Contact Me

  • submit

Modification in NAV computation

Modification in NAV computation

As stipulated by IRDAI effective August 18, 2011 The Insurance Regulatory development authority of India (IRDAI), in its circular dated July 29, 2011 stipulated that the formula for computation of the Net Asset Value Per Unit (NAV) for Linked funds stands modified.

Old formula as prescribed by IRDAI and as contained in the policy document

Market value of the investment plus / (minus) expenses incurred in the purchase / (sale) of assets plus current assets and accrued interest (net of fund management charges) less current liabilities and provisions, divided by, number of units outstanding under the fund at valuation date (before creation / redemption of units).

Modified formula as stipulated by IRDAI effective August 18, 2011

Market value of the investment held by the fund plus value of current assets less value of current liabilities and provisions, if any and divided by the number of units existing on the valuation date (before creation/redemption of units)

Hit Enter to search or ESC to close

Insure Forever

Ajeevan Suraksha ka Vaada – A whole life protection plan

I/we unconditionally authorize RNLIC and its representatives to contact me/us through call or WhatsApp for propagation of RNLIC products and service offerings. My consent shall override my registry on DND/ DNDC, as the case may be. I further provide my consent to RNLIC to share my personal information on a confidential basis with third party service providers in connection with and in relation to the proposal of Insurance and rendering of Insurance services. I agree to the Terms and Conditions of the usage of the website. Please read the sales brochure carefully before concluding a sale. T&C apply.

×