Methodology for calculating subscription and redemption price of units.

• Subscription / Switch-in (from other schemes/plans of the Mutual Fund) (This is the price investor need to pay for purchase/switch-in)
  If the applicable NAV is Rs. 10/- and since there will be no entry load, then the purchase price will be Rs. 10/-
• Redemption / Switch - out (to other schemes/plans of the Mutual Fund)(This is the price investor will receive at the time of redemption/ switch-out)
  If the applicable NAV is Rs. 10/- and exit load is 0.5% then sale price will be 10 - (10 * 0.5%) = 10 - 0.05 = Rs. 9.95/-