What is NAV What is transfer agency?

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Accepted Answer

NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities per share. Transfer agency involves maintaining investor records and processing transactions for mutual funds.

NAV is calculated by dividing the total value of the fund's assets minus liabilities by the number of outstanding shares.
NAV is used to determine the price at which investors can buy or sell shares of a mutual fund.
Transfer agency services include maintaining investor accounts, processing purchases and redemptions, and distributing dividends and capital gains.
Transfer agency also involves handling investor inquiries and providing reports to fund managers.
Examples of transfer agency firms include DST Systems and State Street Corporation.