Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth Net Asset Value

NAV details of Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth:

Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth NAV Today(29.09.2022)
₹1177.270.46 %
Exit Load
1%

How was the NAV for Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth 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 Flexi Cap Fund Direct Plan Growth NAV calculation:

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

Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth NAV History

Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
1251.97
1248.04
February
1248.04
1184.38
March
1184.38
1244.7
April
1244.7
1197.65
May
1197.65
1137.02
June
1137.02
1090.03
July
1090.03
1194.91
August
1194.91
1213.48
September
1213.48
-
Month
Open(₹)
Close(₹)
January
956.61
972.2
February
972.2
1013.63
March
1013.63
1023.76
April
1023.76
1035.49
May
1035.49
1093.47
June
1093.47
1133.37
July
1133.37
1166.66
August
1166.66
1224.99
September
1224.99
1258.86
October
1258.86
1290.36
November
1290.36
1222.05
December
1222.05
1251.97
Month
Open(₹)
Close(₹)
January
813.47
829.74
February
829.74
787.26
March
787.26
556.23
April
556.23
661.86
May
661.86
658.82
June
658.82
691.55
July
691.55
733.08
August
733.08
775.19
September
775.19
774.43
October
774.43
788.5
November
788.5
901.24
December
901.24
956.61
Month
Open(₹)
Close(₹)
January
743.66
724.86
February
724.86
726.79
March
726.79
774.25
April
774.25
773.83
May
773.83
783.55
June
783.55
776.94
July
776.94
721.35
August
721.35
721.97
September
721.97
750.81
October
750.81
788.1
November
788.1
807.83
December
807.83
813.47
Month
Open(₹)
Close(₹)
January
760.86
774.06
February
774.06
742.1
March
742.1
721.93
April
721.93
770.98
May
770.98
742.35
June
742.35
732.95
July
732.95
757.44
August
757.44
793.24
September
793.24
723.28
October
723.28
710.31
November
710.31
739.91
December
739.91
743.66
Month
Open(₹)
Close(₹)
January
567.18
617.19
February
617.19
630.5
March
630.5
648.96
April
648.96
664.61
May
664.61
674.43
June
674.43
680.27
July
680.27
716.17
August
716.17
722.6
September
722.6
714.01
October
714.01
749.13
November
749.13
730.17
December
730.17
760.86
Month
Open(₹)
Close(₹)
January
489.12
461.92
February
461.92
438.12
March
438.12
476.17
April
476.17
493.73
May
493.73
506.59
June
506.59
526.17
July
526.17
562.21
August
562.21
587.52
September
587.52
601.19
October
601.19
619.08
November
619.08
577.16
December
577.16
567.18
Month
Open(₹)
Close(₹)
January
470.61
499.53
February
499.53
502.71
March
502.71
499.92
April
499.92
480.29
May
480.29
490.06
June
490.06
490.42
July
490.42
514.22
August
514.22
478.19
September
478.19
489.18
October
489.18
494.27
November
494.27
486.91
December
486.91
489.12
Month
Open(₹)
Close(₹)
January
298.65
287.21
February
287.21
295.26
March
295.26
323.22
April
323.22
331.81
May
331.81
384.73
June
384.73
421.61
July
421.61
412.29
August
412.29
431.78
September
431.78
429.71
October
429.71
451.29
November
451.29
469.63
December
469.63
470.61
Month
Open(₹)
Close(₹)
January
278.57
276.69
February
276.69
258.49
March
258.49
255.05
April
255.05
265.21
May
265.21
262.39
June
262.39
257.16
July
257.16
243
August
243
239.66
September
239.66
256.86
October
256.86
282.81
November
282.81
284.62
December
284.62
298.65

What does Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth’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 Flexi Cap Fund Direct Plan Growth as on 29.09.2022 is 15.95.

Check Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth 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.