NAV of the Underlying definition

NAV of the Underlying. : means, in respect of each NAV Day, the price receivable by redeeming the Underlying Security on such NAV Day.
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Examples of NAV of the Underlying in a sentence

  • Movements in the Net Asset Value (NAV) of the Underlying Schemes may impact the performance of HDPEFOF.

  • In case the units get classified as non- traded the same may be valued as per the underlying NAV of the Underlying Scheme.

  • Source of Tracking ErrorMeasures to be taken by AMC to reduce Tracking ErrorVariance in NAV of the Underlying Scheme and closing price on the Stock Exchange.

  • In addition, the directors of the Underlying Fund may agree to include anticipated fiscal charges in the amount of the adjustment.The adjustment to the NAV of the Underlying Fund will be an addition when the net movement results in an increase of all shares of the Underlying Fund and a deduction when it results in a decrease.

  • Adjustments to the NAV of the Underlying Fund will have an impact on the NAV of the Fund investing in it.Dilution occurs when the Underlying Fund incurs transaction costs as part of the buying or selling of the assets and financial instruments of the Underlying Fund, causing the value of the assets and financial instruments to deviate from their normal carrying value.Dilution may have an adverse effect on the value of the Underlying Fund and therefore impact holders of that Underlying Fund.

  • In case the units get classified as thinly traded / non- traded the same may be valued as per the underlying NAV of the Underlying Scheme.

  • The Investment Manager will consult with the auditor of the Underlying Fund to ensure that all Fork Assets held by the Underlying Fund are properly valued in accordance with International Financial Reporting Standards for the purpose of calculating the NAV of the Underlying Fund.

  • The NAV of the PIXX for a Business Day is generally calculated on the next Business Day and will reflect the last available NAV of the Underlying Fund, being PIF.The NAV per Unit is calculated by dividing the NAV of the PIXX by the number of Units on issue in the PIXX.An indicative NAV per Unit (“iNAV”) will be published by Platinum throughout the ASX Trading Day.Distributions Distributions will generally be made annually at 30 June.

  • The NAV of the PAXX for a Business Day is usually calculated on the next Business Day and will reflect the last available NAV of the Underlying Fund, being the PAF.The NAV per Unit is calculated by dividing the NAV of the PAXX by the number of Units on issue in the PAXX.An indicative NAV per Unit (“iNAV”) will be published by the PAXX throughout the ASX Trading Day.Distributions Distributions will generally be made annually at 30 June.

  • RTA or Fund administrator shall also declare NAV’s simulataneously, through email, using the same system to various recipients including investors of the Underlying schemes. RTA or Fund administrator has a BCP & DR Plan in case of exigency at the primary site.Forex rates for conversion : The NAV of the Underlying scheme which is denominated in foreign currency shall be converted to INR, using the conversion rate available on RBI / Reuters / Bloomberg reference rate.

Related to NAV of the Underlying

  • Underlying means the Underlying as specified in § 1 of the Product and Underlying Data.

  • Real estate related financial transaction means any transaction involving:

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Real estate transaction or "transaction" means an actual or prospective transaction involving a purchase, sale, option, or exchange of any interest in real property or a business opportunity, or a lease or rental of real property. For purposes of this chapter, a prospective transaction does not exist until a written offer has been signed by at least one of the parties.

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Portfolio Asset means an asset of an investment fund;

  • Aquaculture facility means the same as that term is defined in Section 4-37-103.

  • Related Futures or Options Exchange for the Index means an exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the Index.

  • Multifamily dwelling means a structure that contains more than one separate residential dwelling unit, which is used or occupied, or is intended to be used or occupied, in whole or in part, as the home or residence of one or more persons.