To calculate a Collective Investment schemes Net Asset Value or NAV, the value of the total assets of the fund is subtracted by its liabilities, this amount is then divided by the total number of shares in the fund to give the unit price .
NAV = Total Assets – Liabilities
Unit price = NAV / Total number of shares or units
For example if a fund had assets of 6 Billion naira and liabilities of 2 Billion Naira, it would have a NAV of 4 Billion Naira.This is then divided by the total amount of shares that have been issued (in this example 100 million Shares), the unit price will be 40 Naira.