Market Value of Asset: The NAV calculation calculates the market value of a fund's assets, including equities, bonds, cash, and other securities, providing an accurate overall value.
Accrued Income: The NAV calculation includes accrued income, including interest and dividends, which may not have been received yet but are considered part of the fund's value.
Other Liabilitie: The fund's assets are reduced by subtracting liabilities such as fund management fees, operational expenses, and outstanding payments, providing a more accurate valuation of the fund's worth.