How often must a fund's NAV be calculated?

A fund's Net Asset Value (NAV) must be calculated at least once each business day to provide an accurate and up-to-date valuation of the fund's assets. This daily calculation reflects the current market values of the securities held within the fund and is essential for ensuring that investors are buying and selling shares at a fair price based on the fund's current value.

This frequent valuation is particularly critical for mutual funds and exchange-traded funds (ETFs), as it ensures that transactions are processed accurately at the end of each trading day. Investors rely on this daily NAV to make informed decisions about their investments, as it serves as the basis for the prices at which shares of the fund are bought and sold.

While some investment products might have different valuation requirements, the daily NAV calculation is a standard practice for most investment funds, providing transparency and liquidity for investors.