Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl Net Asset Value

NAV details of Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl:

Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl NAV Today(01.10.2022)
₹161.291.37 %
Exit Load
1%

How was the NAV for Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl arrived at?

The Net Asset Value is the per share market value of a mutual fund scheme. It is obtained by dividing the difference between the firm's total assets and liabilities by the number of outstanding units in the fund.

Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl NAV calculation:

NAV: (Assets - Liabilities)/ Total Number of Outstanding Units

Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl NAV History

Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
196.8
192.38
February
192.38
180.66
March
180.66
184.66
April
184.66
176.93
May
176.93
162.8
June
162.8
153.83
July
153.83
171.58
August
171.58
165.1
September
165.1
-
Month
Open(₹)
Close(₹)
January
149.71
151.59
February
151.59
162.21
March
162.21
163.76
April
163.76
165.12
May
165.12
172.05
June
172.05
178.45
July
178.45
186.23
August
186.23
186.4
September
186.4
191.99
October
191.99
198.28
November
198.28
191.75
December
191.75
196.8
Month
Open(₹)
Close(₹)
January
125.18
129.39
February
129.39
124.03
March
124.03
86.17
April
86.17
101
May
101
101.01
June
101.01
107.62
July
107.62
112.69
August
112.69
118.89
September
118.89
122.06
October
122.06
123.96
November
123.96
141.06
December
141.06
149.71
Month
Open(₹)
Close(₹)
January
114.15
110.75
February
110.75
110.7
March
110.7
118.49
April
118.49
118.69
May
118.69
121.93
June
121.93
121.33
July
121.33
109.61
August
109.61
109.77
September
109.77
114.88
October
114.88
122.59
November
122.59
125.25
December
125.25
125.18
Month
Open(₹)
Close(₹)
January
137.78
134.74
February
134.74
128.19
March
128.19
125.18
April
125.18
132.91
May
132.91
127.82
June
127.82
125.85
July
125.85
133.68
August
133.68
128.49
September
128.49
114.84
October
114.84
109.54
November
109.54
113.03
December
113.03
114.15
Month
Open(₹)
Close(₹)
January
107.15
118.78
February
118.78
121.5
March
121.5
125.1
April
125.1
130.44
May
130.44
132.61
June
132.61
132.7
July
132.7
143.05
August
143.05
130.86
September
130.86
128.93
October
128.93
135.37
November
135.37
132.45
December
132.45
137.78
Month
Open(₹)
Close(₹)
January
98.14
93.44
February
93.44
87.35
March
87.35
94.33
April
94.33
97.91
May
97.91
100.66
June
100.66
106.05
July
106.05
114.46
August
114.46
118.2
September
118.2
118.9
October
118.9
120.7
November
120.7
109.67
December
109.67
107.15
Month
Open(₹)
Close(₹)
January
101.91
108.46
February
108.46
108.46
March
108.46
110.06
April
110.06
103.97
May
103.97
109.55
June
109.55
110.08
July
110.08
112.98
August
112.98
95.78
September
95.78
97.25
October
97.25
97.04
November
97.04
96.32
December
96.32
98.14
Month
Open(₹)
Close(₹)
January
79.53
76.14
February
76.14
78.84
March
78.84
86.03
April
86.03
86.53
May
86.53
92.4
June
92.4
101.66
July
101.66
96.49
August
96.49
103.46
September
103.46
90.15
October
90.15
94.3
November
94.3
101.09
December
101.09
101.91
Month
Open(₹)
Close(₹)
January
78.86
77.01
February
77.01
72.08
March
72.08
70.82
April
70.82
73.32
May
73.32
69.81
June
69.81
68.42
July
68.42
65.72
August
65.72
64.51
September
64.51
68.09
October
68.09
75.42
November
75.42
75.2
December
75.2
79.53

What does Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl’s NAV mean to investors?

It is a common misnomer that a low NAV implies a better investment. In fact, you would have come across several mutual fund schemes that promote their funds with a low NAV as “cheaper” compared to others. The NAV of a mutual fund is unlike the share price of a stock where stocks with lower values and high growth potential are considered lucrative. When we talk of NAV, it is essentially just the current book value of all the assets minus the liabilities of a particular scheme. The following example can help make things clearer:

Let’s say we have two funds namely, Fund A and Fund B.

The NAV of Fund A is Rs 10 and the NAV of Fund B is Rs 100.

Now, say you have Rs 10,000 to invest in the funds. 

ParticularsFund AFund B
NAVRs 10Rs 100
Units bought (with Rs 10K investment)1000 units100 units
NAV (increases by 50%)Rs 15Rs 150
RetursRs 15,000Rs 15,000


As you can observe from the above table, the returns (Rs 15,000) remain the same irrespective of the NAVs of the funds. Hence, the common notion that funds with higher NAVs give higher returns stands null and false as proved by the above example. Your main focus must be the total returns generated by the fund while making an investment decision. The total return (CAGR) for Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl as on 01.10.2022 is 14.96.

Check Aditya Birla Sun Life Equity Advantage Fund Direct Plan Payout Inc Dist cum Cap Wdrl to get a detailed description of the total returns.

An Important Point to Remember

In case, any company in your mutual fund portfolio distributes dividends. It is of the mutual fund’s discretion to distribute at a particular interval. But when they do, the NAV of your fund shall decrease reflecting a decline in the total corpus of the fund. On the other hand, there are funds that do not give dividends to shareholders but reinvest them in order to buy more units. As a result the total number of outstanding units of the fund increase which shall in turn decrease the NAV of the fund.


In the case of mutual funds of the growth plan category, no dividend is paid to investors. The entire dividend amount is reinvested by the fund in buying more assets to increase the long-term gains of the fund. In this case, the NAV does not decrease.

Factors affecting the NAV of a mutual fund

Profits/ Losses from the underlying assets: The NAV of a mutual fund simply reflects the profits and losses of the underlying assets that the mutual fund has invested in. When the assets increase in their value, the NAV increases and vice versa.


Expenses regarding the management of funds: Mutual funds as you would be aware are managed by professional managers who actively invest in various assets to generate good returns. The managers charge a certain fee for doing the same. These fees are reduced from the total NAV of the fund.


The number of investors who buy and sell units: If a large number of investors book their profits by selling units of the fund at higher NAVs, the NAV shall decrease (similar to profit booking seen in stocks). On the other hand, if investors buy mutual fund units at lower NAVs, due to the rise in the number of units, the NAV drops.


Type of mutual fund: Generally, a regular mutual fund has a higher NAV compared to a direct fund. A regular fund includes broker and intermediary fees whereas a direct fund has none.


Dividend Payouts: As we had explained above, when mutual funds pay dividends, it reduces the NAV as it is akin to withdrawing money from your own investment.

FAQs

The Net Asset Value of a fund is arrived at by dividing the difference between the fund’s total assets and liabilities by the total number of outstanding units of the fund. (Assets-Liabilities)/Total Outstanding Units of the fund.

Investors must be concerned largely about the returns of a mutual fund more than the NAV. It is advised not to base any investment decision purely on the basis of the NAVs of a mutual fund as they do not suggest the future prospects of the fund. While funds with higher NAVs do suggest that the fund has been in existence for a long period of time.

As explained in the paragraph above, the NAV of a fund is simply the value of each unit of a mutual fund got by dividing the difference of total assets and liabilities of a fund by the outstanding shares. A fund with a low NAV does not mean that the fund is available at a cheaper value or vice versa. It simply means that you can purchase extra units of a fund with a lower NAV and fewer units of the same in the case of a fund with a higher NAV.

Mutual Fund Companies update the value of their funds’ NAVs on a daily basis. As per SEBI guidelines, companies have to update their NAVs by 9 PM daily.

There are various factors that affect the NAV of a fund:

  1. Profits/ Losses from the underlying assets
  2. Expenses regarding the management of funds
  3. The number of investors who buy and sell units
  4. The type of mutual fund
  5. Dividend Payouts

We have explained each of these points in the paragraph above.