NAV Data
What is Mutual Fund NAV?
Mutual Fund Net Asset Value (NAV) is the per-unit price of a mutual fund. It represents the total market value of the fund’s assets after deducting liabilities. Investors use NAV to determine the price at which they can buy or sell mutual fund units.
Definition of NAV
NAV is calculated using the following formula:
NAV = (Total Assets – Total Liabilities) ÷ Total Units Outstanding
Breaking Down the NAV Formula:
- Total Assets: The sum of all investments held by the mutual fund (stocks, bonds, cash, etc.), along with any interest or dividends received.
- Total Liabilities: Any expenses, fees, and payables of the fund.
- Total Units Outstanding: The total number of mutual fund units issued to investors.
How NAV Represents the Per-Unit Price?
NAV functions like a mutual fund’s book value per unit. It tells investors the worth of one mutual fund unit at the end of the trading day.
Example Calculation:
If a mutual fund has:
- Total Assets = ₹100 crore
- Total Liabilities = ₹5 crore
- Total Units Outstanding = 10 crore units
Then, the NAV is:
- NAV = (₹100 crore – ₹5 crore) ÷ 10 crore units
- NAV = ₹95 crore ÷ 10 crore units
- NAV = ₹9.50 per unit
This means if an investor wants to buy units in this mutual fund, they will pay approximately ₹9.50 per unit (excluding applicable charges).
Difference Between NAV and Stock Price
Although both NAV and stock prices indicate the value of an investment, they function differently:
Feature Mutual Fund NAV Stock Price
Definition The per-unit value of a mutual fund. The price of a company’s share on a stock exchange.
Calculation Based on total assets minus liabilities divided by total units. Determined by market demand and supply.
Price Changes Updated once per day after market closing. Changes every second during market hours.
Impact of Demand Buying/selling does not directly affect NAV. High demand increases the stock price, and low demand decreases it.
Role of Market Movements NAV depends on the fund’s holdings and their market value. The stock price depends on the company’s performance and market sentiment.
Example: NAV vs. Stock Price in Action
If you invest in Reliance Industries stock, the price fluctuates throughout the day based on buying and selling pressure.
If you invest in a Reliance-focused Mutual Fund, its NAV changes only once daily, based on its total asset value.
Key Takeaways:
A higher or lower NAV does not indicate better or worse performance—what matters is the fund’s portfolio and returns.
NAV helps assess the fair value of a mutual fund unit but does not fluctuate like stock prices.
Current NAV for Mutual Fund Schemes
A mutual fund’s Net Asset Value (NAV) represents the price per unit at which investors can buy or sell the fund. It is updated once per trading day, typically after market closure.
Live NAV Tracking
Since you have already embedded a live NAV tracking feature on your page, users can quickly check the latest NAVs of different mutual fund schemes in real time. This allows investors to:
- Monitor daily NAV changes.
- Compare NAVs of different mutual funds.
- Make informed investment decisions based on NAV trends.
Key Takeaways:
- NAV is updated daily, usually after 9:30 PM (post-market closing).
- Transaction cut-off times impact NAV allocation (e.g., investments made before 3:00 PM get the same-day NAV).
- Live NAV tracking helps investors monitor fund performance over time.
How is NAV Calculated?
Formula for NAV Calculation
The Net Asset Value (NAV) of a mutual fund is calculated as:
NAV = (Total Assets – Total Liabilities) ÷ Total Units Outstanding
Explanation of the Formula:
- Total Assets: The total market value of all investments held by the mutual fund, including stocks, bonds, cash, and accrued earnings (interest, dividends, etc.).
- Total Liabilities: Expenses, management fees, and any outstanding payments the fund owes.
- Total Units Outstanding: The total number of mutual fund units issued to investors.
Example Calculation:
Suppose a mutual fund has:
- Total Assets = ₹500 crore
- Total Liabilities = ₹10 crore
- Total Units Outstanding = 50 crore
The NAV is calculated as follows:
- NAV = (500 – 10) ÷ 50
- NAV = 490 ÷ 50
- NAV = ₹9.80 per unit
This means an investor buying or selling units of this mutual fund would do so at a price of ₹9.80 per unit (excluding any applicable charges).
Role of Market Fluctuations in NAV Changes
NAV fluctuates daily due to changes in the market value of the mutual fund’s assets. Several factors impact NAV movements:
1. Stock Market Performance
- If the stocks in the fund’s portfolio increase in value, the total assets of the fund increase, leading to a higher NAV.
- If stock prices decline, NAV decreases accordingly.
2. Interest Rate Changes
- For Debt Funds: When interest rates rise, bond prices fall, reducing NAV. Conversely, falling interest rates increase bond prices and NAV.
3. Dividend and Interest Income
- Any dividends or interest the fund receives increase total assets, thereby boosting NAV.
4. Fund Expenses and Redemptions
- Higher fund expenses (such as management fees) decrease NAV.
- Large-scale redemptions may reduce total assets and slightly impact NAV, although professional fund managers adjust portfolios to minimise the effect.
Key Takeaways:
- NAV is calculated once per day after the stock market closes.
- Market fluctuations directly impact NAV, especially for equity funds.
- NAV does not indicate a fund’s future performance—what matters is its underlying assets and long-term returns.
What is the NAV Cut-off Time?
The NAV cut-off time determines the day investors receive NAV when they buy or redeem mutual fund units. The cut-off timing differs depending on the type of mutual fund and transaction mode.
Cut-off Timings for Different Fund Types
| Fund Type | Cut-off Time |
|---|---|
| Equity & Debt Funds (Lumpsum & Redemption) | 3:00 PM |
| SIP Transactions | 3:00 PM |
| Liquid & Overnight Funds (Lumpsum & Redemption) | 1:30 PM |
How NAV is Allocated Based on Transaction Time
Transactions Before Cut-off Time:
- If the investment amount is below ₹2 lakh, the same-day NAV is applicable if the AMC successfully receives payment before the cut-off time.
- If the investment amount is ₹2 lakh or more, the NAV of the day funds are credited to the AMC’s account will apply.
Transactions After Cut-off Time:
- Orders placed after the cut-off time will be processed at the next business day’s NAV.
Example Scenarios
Scenario 1: Equity or Debt Fund Investment (Below ₹2 Lakh)
- You invest ₹50,000 in an equity fund at 2:45 PM.
- Your money reaches the AMC account before 3:00 PM.
- You get the same-day NAV.
Scenario 2: Equity or Debt Fund Investment (₹2 Lakh or More)
- You invest ₹3 lakh in a debt fund at 2:50 PM.
- The amount is debited from your bank immediately but reaches the AMC account on the next business day.
- You get the next business day’s NAV.
Scenario 3: Liquid & Overnight Funds
- You invest ₹1 lakh in a liquid fund at 1:00 PM.
- Funds are received before 1:30 PM, so you get same-day NAV.
- If you invest at 2:00 PM, you get the next business day’s NAV.
Key Takeaways
- Cut-off time impacts NAV allocation—invest before the deadline to get same-day NAV.
- Equity & Debt Fund cut-off: 3:00 PM, Liquid & Overnight Fund cut-off: 1:30 PM.
- For investments ₹2 lakh or more, NAV depends on the actual fund realisation in the AMC’s account.
What Time Do Mutual Funds Update NAV?
Mutual Fund NAVs are updated once daily after the market closes. The NAV update timing depends on the type of fund and the time required for asset valuation.
General NAV Update Timing
- Equity & Debt Funds: Post 9:30 PM (after stock market closing and valuation adjustments).
- Liquid & Overnight Funds: They are updated earlier due to faster valuation processes, usually by 7:30—8:00 PM.
- Delays in Updates: Some AMCs may update NAVs later than 9:30 PM, especially if the valuation of underlying assets (e.g., debt securities) is complex.
Why do NAV Updates happen at Night?
- Market Closing: Mutual funds calculate NAV based on the closing prices of stocks and bonds.
- Valuation Adjustments: Fund managers adjust for corporate actions, interest accruals, and price fluctuations.
- Regulatory Compliance: AMCs submit NAV data to AMFI (Association of Mutual Funds in India), which consolidates and publishes it.
Where to Check Updated NAVs?
- Your AMC’s Website: Fund houses publish NAVs on their portals.
- AMFI Website: NAV History & Updates.
- Mutual Fund Investment Portals: Third-party investment platforms update NAVs based on AMC feeds.
Key Takeaways
- NAVs update after 9:30 PM for most mutual funds.
- Liquid & Overnight Funds update earlier (around 7:30 PM – 8:00 PM).
- Some AMCs may have delayed updates due to asset valuation complexities.
What is a Good NAV for a Mutual Fund?
Many investors mistakenly believe that a lower NAV means a cheaper or better investment, while a higher NAV represents the fund is expensive. However, NAV alone does not determine the quality of a mutual fund.
Debunking the Myth: High vs. Low NAV
Myth: A fund with a lower NAV is better because you get more units. Reality: The number of units does not affect returns; how much your investment grows over time matters.
Example: Suppose you invest ₹10,000 in two different mutual funds:
- Fund A has an NAV of ₹100 → You get 100 units.
- Fund B has an NAV of ₹10 → You get 1,000 units.
- If both funds grow by 10%, your investment in both becomes ₹11,000, regardless of the NAV.
Conclusion: NAV value is irrelevant when comparing mutual funds.
What Matters More Than NAV?
- Past Performance & Returns – Analyze the fund’s track record over 3, 5, or 10 years.
- AUM (Assets Under Management) – A large AUM indicates investor trust, but a very high AUM can also impact flexibility.
- Portfolio Quality – The stocks, bonds, or other assets held in the fund determine future growth potential.
- Fund Manager Expertise – A skilled fund manager ensures reasonable asset allocation and risk management.
Key Takeaways
There is no such thing as a “good” or “bad” NAV. When choosing a mutual fund, focus on fund performance, risk factors, and investment strategy.
How to Check Mutual Fund NAV?
You can quickly check mutual funds’ latest Net Asset Value (NAV) on vsjfinmart.in, where we provide live NAV tracking for all mutual fund schemes. In addition, there are multiple other ways to check NAVs:
1. vsjfinmart.in (Your One-Stop NAV Tracker)
- Get the latest NAV updates for all mutual funds.
- Easily search for specific schemes and track historical NAVs.
- Visit vsjfinmart.in for real-time NAV tracking.
2. AMFI (Association of Mutual Funds in India) Website
- The official source for NAV updates and historical data of all mutual funds in India.
- Visit: AMFI NAV History
3. Fund House (AMC) Websites
- Mutual fund companies update their NAVs daily on their websites.
- Example AMCs: SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential MF, etc.
4. SEBI (Securities and Exchange Board of India) Website
- SEBI provides regulatory updates, including NAV disclosures.
- Visit: SEBI India
5. Mobile Apps for Checking NAV
These apps help investors track NAVs and manage their investments:
- MyCAMS (for CAMS-serviced mutual funds)
- KFinKart (for KFinTech-serviced mutual funds)
- AMC-Specific Apps (e.g., SBI MF, HDFC MF apps)
- Investment Apps (Groww, Zerodha Coin, Paytm Money, ET Money, INDmoney)
6. Online Investment Platforms & Stock Exchanges
Mutual fund NAVs are also available on:
- NSE (National Stock Exchange) – NSE Mutual Fund NAVs
- BSE (Bombay Stock Exchange) – BSE Mutual Fund NAVs
Key Takeaways
- vsjfinmart.in provides real-time NAV tracking for all mutual funds.
- AMFI & AMC Websites are official sources for NAV updates.
- Mobile apps & investment platforms offer easy access to NAVs anytime.
Where to Download Mutual Fund NAV History?
You can easily download historical NAV data for mutual funds from trusted sources. This data helps investors analyse long-term trends, compare fund performance, and backtest investment strategies.
1. Download from AMFI’s NAV History Page
- AMFI (Association of Mutual Funds in India) provides a dedicated page for downloading historical NAVs.
- You can filter by fund house, scheme name, and date range.
- Visit: AMFI NAV History Page
2. Fund House (AMC) Websites
- Many AMCs provide historical NAV data on their websites.
- You can download NAV history for specific schemes directly.
3. Investment Platforms & Financial Portals
- Some online investment platforms allow you to track NAV history and past performance.
- Example platforms: Moneycontrol, Value Research, Morningstar, and ET Money.
Why Download NAV History?
- Analyze Long-Term Trends – Understand fund performance over time.
- Compare Mutual Funds – Check how a fund has performed compared to peers.
- Backtest Investment Strategies – To refine your investment approach, evaluate past NAV movements.
FAQs on Mutual Fund NAV
1. Does a Higher NAV Mean the Fund is Expensive?
No, a higher NAV does not mean a mutual fund is expensive. NAV reflects a mutual fund’s per-unit value based on the total market value of its underlying assets.
- A fund with a higher NAV is not necessarily better or worse than one with a lower NAV.
- What matters is fund performance, portfolio quality, and returns over time.
- Example: If Fund A has an NAV of ₹50 and Fund B has an NAV of ₹10, it does not mean Fund A is five times more expensive. Both could have generated similar returns for investors.
2. Why Does NAV Fluctuate Daily?
NAV fluctuates daily due to changes in the value of the mutual fund’s underlying assets.
- Equity Funds: NAV changes as stock prices in the portfolio rise or fall.
- Debt Funds: NAV is affected by interest rate movements, bond prices, and credit quality.
- Market Factors: Economic conditions, corporate earnings, and geopolitical events can impact asset prices, causing fluctuations in NAV.
3. How Does NAV Affect Returns?
Returns depend on the percentage increase in NAV, not its absolute value.
- When you invest in a mutual fund, you receive units based on the NAV at the time of purchase.
- Your return is calculated as:
- Return (%) = [(Selling NAV – Purchase NAV) / Purchase NAV] × 100
- Example: If you invest in a fund at a NAV of ₹20 and after 5 years the NAV grows to ₹40, your return is:
- [(40 – 20) / 20] × 100 = 100% return
- Thus, a lower or higher starting NAV has no impact on returns—it’s the growth in NAV that matters.
4. Difference Between NAV and Market Price of ETFs
- Mutual Fund NAV: Calculated at the end of the trading day, based on the fund’s asset values.
- ETF Market Price: ETFs trade on stock exchanges like shares, and their prices fluctuate throughout the day based on demand and supply.
NAV reflects the fund’s actual value, whereas the ETF market price can sometimes be higher or lower than NAV.
Final Words
Understanding Mutual Fund NAV is essential for making informed investment decisions. While NAV represents the per-unit price of a fund, it does not determine whether a fund is expensive or cheap—instead, its growth over time influences returns.
Key takeaways:
- NAV fluctuates daily based on market movements and asset valuations.
- A higher or lower NAV does not impact returns—performance and strategy matter more.
- Investors can check live NAVs on vsjfinmart.in and download historical NAV data from AMFI.
- Cut-off timings are crucial in determining which NAV applies to your transaction.
- ETFs have a market price, which may differ from their NAV due to real-time trading.
For the latest updates on mutual fund NAVs, investment strategies, and expert insights, keep visiting vsjfinmart.in! 