NAV per share is the value of a mutual fund share at any point in time. It is the price of a mutual fund share, exclusive of any sales charge or redemption charge that might be assessed by the company at time of purchase or sale. [4]
To buy a mutual fund, an investor pays the current NAV plus any sales charge (explained later). When selling the shares back to the mutual fund company, the investor receives the current NAV less any redemption charges, which are relatively uncommon. [5]
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