Apple Midas Fund, a close ended scheme of Apple Mutual Fund has posted an NAV of Rs 10.24 as on April 17,1998. The schemes NAV crossed the Rs 10 mark after a time gap of almost 3 years. During the fiscal year ending March 31, 1998 the growth in the NAV of Apple Midas Fund has outperformed those of BSE Sensex and Crisil 500. The NAV at Rs 8.90 on March 31,1998 was up by 35.8 per cent compared to Rs 6.55 as on April 1,199. During the same period, the BSE Sensex moved up by 13.6 per cent and that of Crisil 500 went up by 11.7 per cent.
