How do you calculate net owned funds?

3.4 Net Owned Funds in respect of NBFCs : Net owned Fund will consist of paid up equity capital, free reserves, balance in share premium account and capital reserves representing surplus arising out of sale proceeds of assets but not reserves created by revaluation of assets.

How is net owned fund calculated in NBFC?

‘Net Owned Fund’ is the amount as arrived at above, minus the amount of investments of such company in shares of its subsidiaries, companies in the same group and all other NBFCs and the book value of debentures, bonds, outstanding loans and advances including hire purchase and lease finance made to and deposits with …

What is net fund?

Key Takeaways. Net asset value, or NAV, is equal to a fund’s or company’s total assets less its liabilities. NAV, is commonly used as a per-share value calculated for a mutual fund, ETF, or closed-end fund.

What owned funds?

Owned funds refer to the funds provided by the owners. In a sole proprietorship, the proprietor himself provides the owned fund from his personal property. In a partnership firm, the funds contributed by partners as capital are called owned funds.

How to calculate net owned funds ( Nof )?

Applicant companies should calculate their Net Owned Funds (NOF) of as per the following. Owned Funds :- (Paid-up Equity Capital + Free reserves + Credit balance in Profit & Loss A/c) minus (Accumulated balance of loss, Deferred revenue expenditure and Other intangible assets)

How is net owned fund calculated in Reserve Bank of India?

From the aggregate of items will be deducted accumulated loss balance and book value of intangible assets, if any, to arrive at owned funds. Investments in shares of other NBFCs and in shares, debentures of subsidiaries and group companies in excess of ten percent of the owned fund mentioned above will be deducted to arrive at the Net Owned Fund.

How is the net asset value of a mutual fund calculated?

The net asset value (NAV) represents the net value of an entity, and is calculated as the total value of the entity’s assets minus the total value of its liabilities. Most commonly used in the context of a mutual fund or an exchange-traded fund (ETF), the NAV represents the per share/unit price of the fund on a specific date or time.

How is the net asset value ( NAV ) calculated?

What Is Net Asset Value (NAV)? The net asset value (NAV) represents the net value of an entity and is calculated as the total value of the entity’s assets minus the total value of its liabilities. Most commonly used in the context of a mutual fund or an exchange-traded fund (ETF), the NAV represents the per share/unit price