Hello Expert,
I'm trying to do negative corporate action but not sure how to do the same, below is the example.
Let’s take a MF whose face value is 10 rs.
I purchase 2000 units by paying 20000 rs.
After a year lets say that the NAV IS 30 rs.
My investment valuation is now 60000 rs
The fund house is now saying that the nominal value of each unit now is 100 rs.
That means 10 units are now consolidated into 1 unit. This is just the opposite of stock split
Now since the face value is 100, the number of units I hold is 2000/10 units = 200 units ( 10 units merged into 1). But the value remains the same as 60000 rs. This means that the NAV would be now 300 in the market
Could you please suggest how to proceed in this case.
Regards,
Jain