You are given following information about two mutual funds. NatureFund ABCFund XYZClosed endOpen endTotal assets at the beginningRs 90 millionRs 55 millionTotal liabilities at the beginningRs 2…

You are given following information about two mutual funds. NatureFund ABCFund XYZClosed-endOpen-endTotal assets at the beginningRs 90 millionRs 55 millionTotal liabilities at the beginningRs 2 millionRs 1 millionNumber of units at the beginning8 million5 millionPrice at the beginningRs 10NAPrice at the endRs 12NANAV at the end---Rs 11Cash distributed during the yearRs 1Rs 0.80 a. Calculate NAV of each fund at the beginning or the period. b. Calculate HPR for each fund. c. If closed-end fund has brokerage cost is 1% and open-end fund has front-end load fee is 2 percent, calculate rate of return each fund.