The basis of mutual fund shares can be determined using all of the following methods EXCEPT Double category
Step-by-step explanation:
Mutual funds investors have a supplementary cost base method they can use called an average cost for one category. By dividing the total cost of all the shares they own and by multiplying them by the number of shares you sell, this method defines your transaction costs.
The basis of mutual fund shares can be determined by following methods :
a. Average Cost Method
b. First In , First Out Method
c. Last In, First Out Method
d. High Cost, First Out Method
e. Low Cost, First Out Method
f. Loss/Gain Utilization Method
g. Specific Lot Identification Method