What does NAV mean?
Net Asset Value (NAV) shows the performance of a particular scheme of a Mutual Fund. It represents the per share price of the fund on a specific date or time.
How does NAV help?
NAV helps identify potential investment opportunities within Mutual Funds. By calculating the NAV, you can view holdings in your portfolio.
How is NAV calculated?
NAV is calculated at the end of each trading day based on the closing market prices of the portfolio's securities, in accordance with SEBI Mutual Fund Regulations. The NAV can be calculated with the below formula:
NAV = (Assets - Liabilities) / Total number of outstanding units.
Which date’s NAV will be considered for the units allotted to me?
Suppose the order has been placed before the cut-off time, the units will be allotted at that day’s NAV - the day on which the order was placed and executed.
If the order was placed after the cut-off time, then the units will be allotted on the next working day’s NAV - as the order will get executed on the next working day.
Note: MF buy and sell orders have the following cut-off times:
Buy Order - till 2:30 PM
Sell Order - till 2:50 PM