Could some one help me out explaining NAV calculation used in the fund industry?

Question

It would be great if the items involved in calculation could be just mentioned

Answer 1

A fund's NAV, or Net Asset Value, is equal to the Total Assets less Total Liabilities.  It's mostly stated as the market value of total assets (like stock, for example) less liabilities.  This way unrealized gains are factored into the asset value, which shows that the fund managers are earning returns.