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What is the NAV after a subscription or redemption?
What is the NAV after a subscription or redemption?

How subscriptions and redemptions affect the NAV

Antonis Manogiannakis avatar
Written by Antonis Manogiannakis
Updated over a week ago


NAV equals Assets minus Liabilities so NAV linearly increases with every subscription and decreases with every redemption.

NAV per share however is not affected by subscriptions or redemptions as it tracks the performance of the fund regardless of the fund's size.

Remember: 

NAV per share = Total NAV / Number of shares

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