The financial reports of the mutual funds operating in the market are also been affected by the bearish trend in the country's sole stock market. Out of the 12 mutual funds operating in the market till mid-March, Net Asset Value (NAV) of 5 mutual fund schemes has declined below Rs 10 while NAV of 7 mutual funds is above Rs 10.
Based on the market price of March 28, the market prices of 7 mutual funds have decreased below the issued price of Rs 10. The market price of only 5 mutual funds is above Rs 10.
