What is bid/offer price and Net Asset Value (NAV)?
The Bid Price is the price at which you sell an investment (the fund manager “bids” for your units at this price). The Offer Price is the price at which you buy an investment (the fund manager “offers” to sell you the units at this price). The Net Asset Value (NAV) is the market value of a unit trust’s total assets, minus liabilities, divided by the number of units or shares outstanding. So it is the price per unit of the fund. This value is used to determine the prices for buying and selling units. Note: Most of the funds available on FSM are using NAV (single) pricing method. It will be used to determine the buying and selling price. For buy orders, FSM sales charge will be deducted from your investment amount. The net investment amount will be used to buy at the NAV price of the transaction date.
