F.Y.B.

COM MATHEMATICS SEMESTER-I 2018-19

UNIT-I: SHARES AND MUTUAL FUNDS

SYLLABUS:

SHARES MUTUAL FUNDS

o Concept of Share
 Face Value
 Market Value
o Dividend
 Equity Shares
 Preferential Shares
 Bonus Shares
o Simple Examples
 Simple Problems On Calculation Of Net
Income After Considering Entry Load
o Dividend
 Change In Net Asset Value(N.A.V) And
Exit Load
 Averaging Of Price Under The Systematic
Investment Plan(S.I.P)

MUMBAI UNIVERSITY QUESTION PAPERS FOR PRACTICE

1. MARCH-2018

2. NOVEMBER-2017

3. MARCH-2017

4. NOVEMBER-2016
YEAR TOPIC QUE QUESTION HINT
NO.
MARCH SHARES A. Sukumar sold some shares at a market Amount received per share
2018
price of rs. 120 each and paid 0.1% = 120 – 120 x (0.1/100)
brokerage . He received a net amount of = Rs. 119.88
Rs. 47,952. Number of Shares
= 47952/119.88
Find the number of shares sold. = 400

B. Meenal invested Rs. 30,000 in 10% Rs. Dividend Per Share

50 shares which She purchased at 100% = (10/100)X50
above par. = Rs. 5
Find the rate of return on investment. Rate Of Return = (5/100) X 100 = 5%
MUTUAL C. Hitesh invested Rs. 10,000 in a mutual Purchase Price
FUNDS
fund on 20/04/2006 at an NAV of Rs. = 23.38 + 2.25% On 23.38 = Rs. 23.91
23.38 and redeemed all the units on Number Of Units
20/10/2008 at an NAV of Rs. 44.26. = 10,000 /23.91
The entry load was 2.25% and there was = 418.24
no exit load. Amount Received
Find the total gain.(the number of units = 418.24 X 44.26
was rounded off upto 2 decimal places. = 18511.30
Total Gain = 18511.30 – 10,000
= 8511.30
D. Pankaj invested rs. 30,000 in a mutual Purchase Price = 25.54 + 2.25% On 25.54
fund when the nav was rs. 25.54 with an = Rs. 26.11
entry load of 2.25%. Calculate the no. Number Of Units
units(rounded off to 2 decimal places). = 30,000/26.91
Also find the current value of his = 1148.99
investment if the current NAV IS RS. Current Value
28.32 . = 1148.98 X 28.32
= 32539.39
E. Romani invested Rs.5,000 per month in Investment(Rs.) PP = No. Of
an SIP for for 4 consecutive months when NAV(Rs) Units
the NAVs were Rs. 12.42, Rs. 13.87 , Rs. 5,000 12.42 402.58
13.34 , Rs. 12.88 respectively. 5,000 13.87 360.49
Find the average acquisition cost per unit 5,000 13.34 374.81
upto 2 decimal places. 5,000 12.88 388.20
(the number of units was rounded off upto 20,000 - 1526.08
2 decimal places) AAC = 20,000/1526.08 = Rs. 13.11
NOV SHARES A. If the market price of a share with face MP = 130, FV = 100,
2017
value rs. 100 is 130, how many shares of Investment = 3263, Brokerage = 0.4%
the company can be bought for rs.3263, CP Per Share = MP + Brokerage
brokerage being 0.4%. =130 + 0.4% X 130
= 130 + 0.52 = 130.52
No Of Shares Purchased
= 3263/130.52 = 25
B. Smooth writing industry issued some FV = 10, Div = 7500 ,
shares of face value Rs. 10 each. A Rate Of Div = 2.5%
dividend of Rs. 7500 was declared by the
company at 2.5% per share. 7500 = No. Of Shares * 2.5% * 10
Find number of shares issued by the
company. No. Of Shares = 30,000
MUTUAL C. Neil purchased 1200 units of a mutual NAV = X
FUNDS
fund by investing Rs. 60,000. If the entry CP Per Unit = X + 0.2 X = 1.02 X
load was 2%, find NAV on the date of 60,000 = 12000 * 1.02 X
purchase. X = 49.02
D. Nihar invested Rs. 40,000 in a Mutual No. Of Units Purchased = 40,000 /13.65
Fund on 14-02-2012 when its NAVwas = 2930.40
Rs. 13.65 a dividend of Rs. 3 per unit was Dividend = 8791.2
given on 20-04-2012. Afterwards he sold Total Selling Price = 16.85 * 2930.40
all the units on 20-8-2012 when NAV was = 49377.24
Rs.16.85. Find his gain if there is no entry Gain = 49377.24 – 40000 + 8791.2
and exit load. = 18168.44
E. An investor joined the sip scheme for a INVEST NAV ENTRY CP NO. OF UNITS
MENT LOAD PURCHASED
mutual fund under which he 5 would 15,000 42.6 1.065 43.665 343.52
invest Rs. 15,000 for 5 months. If the 15,000 45 1.125 46.125 325.203
15,000 47 1.175 48.175 311.36
NAV for each month are Rs. 42.6 , Rs. 45 15,000 47.5 1.1875 48.6875 308.09
, Rs.47, Rs. 47.5 and Rs. 60, Find the 15,000 60 1.5 61.5 243.9
75,000 1532.073
Average Cost using rupee cost averaging
AVERAGE COST = 48.95
method , the entry load being 2.5%
throughout for these months.
MARCH SHARES A. Mihir sold some shares at a market price SP Per Share
2017
of Rs. 300 per share with 0.1% brokerage = Rs. 300 – 0.1 X 300/100 = 299.7
.
He got Rs. 1,13,886 in this transaction . Number Of Units Sold
Find the number of shares he sold. = Rs 113886/299.7 = 380
B. Chaitali got 320 shares of a company of CP Per Share = 120 + O.4 X 120/100
Face Vaue Rs. 10 at a market price of Rs. = 120.48
120 each. After 3 months she received Total CP = 38,553.6
dividend at 40%. After 6 months she sold Dividend = 320 X 10 X 40/100 = 1,280
the shares at a market price of Rs. 160. SP = 160 – 0.4 X 160/100 = 159.36
She paid brokerage at 0.4% for both the Total SP = 50,995.2
transactions. Profit = 13,721.6
Find the percentage profit. % Profit = 35.59%

MUTUAL C. An investor joined a mutual fund with Rs. CP Per Unit = 80 + 2.25 X 80/100 = 81.8
FUNDS
26.176 . NAV was Rs. 80. When the
NAV touched Rs. 100, He sold all his No. Of Units Purchased = 26176/81.8 = 320
units. SP = 100 – 0.5 X 100/100 = 99.5
Find his gain in the entire deal if the load
is 2.25% and the exit load is 0.5% . Total SP = 320 X 99.5 = 31,840
Gain = 5,664
D. If a mutual fund has nav of rs. 36 at the Absolute Change = 45 – 36 = 9
beginning and rs. 45 at the end of the year, Percentage Change = 9/36 X 100 = 25%
Find the absolute change and the
perchange the year.
E. On the instructions of Mr. Anant Investment NAV No. Of
Gonsalvis , a Mutual Fund executed an Units
S.I.P and invested Rs. 5000 each on the 8th 5,000 37.34 133.905
of each month from january-2016 to april- 5,000 37.56 133.120
2016. The NAVs for these four days were 5,000 37.66 132.767
Rs. 37.34, Rs. 37.56, Rs.37.66 and 5,000 37.78 132.345
Rs.37.78 respectively, Find the average Total = 20,000 532.137
acquistion cost per unit upto 2 decimal Avg Price = 20,000/532.137 = 37.584
places.
(the number of units was rounded off upto
3 decimal places. There was no entry
load.)
NOV-2016 SHARES A. Find The Face Value Of A Share If An
Investment Of Rs.9,00,000 Put In To
Purchase 8% Shares Quoted At Rs. 15
Each, Earned A Total Dividend Of Rs.
9600.
B. Mr. Chopra bought 400 shares pf par
value rs. 10 each at the market price of rs.
24 each. If the annual dividend distributed
as at the rate of 12%, find Mr. Chopra’s
total dividend and rate of return on
investment.
No Of Shares = 9,00,000/15 = 60,000
Total Dividend
= 8 % X 60,000 X FV = 9600
FV = 9600/[60,000 X 8% ] = 2
Amount Invested = 400 X 24 = 9600
Dividend Earned = 400 X 10 X 12%
= 480 %
Rate Of Return = 480/9600 X 100 = 5%

MUTUAL C. Ram invested rs. 18,000 in a mutual fund Amount Invested = Rs. 18,000 , NAV On
FUNDS
scheme with entry load of 2.25% at nav Purchase = 110, Entry Load = 2.25%
rs.110. How many units did he purchase ? Number Of Units Purchased =
The current nav is rs. 130 . Find the Investment/[NAV + Load]
current value of his investment. = 18000/[110 + 2.25%] = 160.036
Market Value = 100.36 X 130 = 20804.68
D. Katrina Invested Rs. 15,000 On The 5th MONTH AMOUNT NAV PURCHASE
PRICE
NO. OF UNITS

Of Every Month For 5 Months In A Sip

Of A Mutual Fund. The Navs On Thses 1 15000 42.26 43.232 346.965

2 15000 40.25 41.176 364.292

Dates Were Rs. 42.26, Rs.40.25 , Rs. 3 15000 49.57 50.710 295.799
49.57, Rs.51.45 And Rs. 39.321 4 15000 51.45 52.633 284.990

Respectively . There Was Same Entry 5 15000 39.32 40.224 372.908

Load Of 2.3% For All These Months. TOTAL 75000 1664.955

Find The Average Acqisition Cost Per

Unit. AVERAGE COST = 45.046

E. Mr. Bhavesh invested Rs.50,000 in the Amount Invested = Rs. 50,000,

purchase of Mutual Fund Units at NAV NAV = 16.50
Rs.16.50. Entry Load = 12%

Calculate the number of units purchased Number of Units Purchased

when the entry load of 1.2% was applied.
How many more units he could have
purchased if the scheme was load free?
= Investment/[NAV+Load}
= 50,000/[16.50 + 1.2% of 16.50]
= 2994.37
No. Of Units Without Load = 3030.30
No. Of More Units Could Have Been
Purchased = 35.93