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

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

Aditya Birla Sun Life Flexi Cap Fund Direct Plan Payout Inc Dist cum Cap Wdrl NAV Today(26.09.2022)
₹174.930.23 %
Exit Load
1%

How was the NAV for Aditya Birla Sun Life Flexi Cap 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 Flexi Cap Fund Direct Plan Payout Inc Dist cum Cap Wdrl NAV calculation:

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

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

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

Month
Open(₹)
Close(₹)
January
177.86
177.3
February
177.3
168.26
March
168.26
176.83
April
176.83
170.15
May
170.15
161.53
June
161.53
154.86
July
154.86
169.76
August
169.76
172.39
September
172.39
-
Month
Open(₹)
Close(₹)
January
144.23
146.58
February
146.58
152.82
March
152.82
154.35
April
154.35
156.13
May
156.13
164.87
June
164.87
170.89
July
170.89
175.91
August
175.91
184.7
September
184.7
189.81
October
189.81
194.56
November
194.56
173.61
December
173.61
177.86
Month
Open(₹)
Close(₹)
January
122.65
125.1
February
125.1
118.7
March
118.7
83.86
April
83.86
99.79
May
99.79
99.33
June
99.33
104.26
July
104.26
110.53
August
110.53
116.88
September
116.88
116.76
October
116.76
118.88
November
118.88
135.88
December
135.88
144.23
Month
Open(₹)
Close(₹)
January
120.53
117.48
February
117.48
117.79
March
117.79
125.48
April
125.48
125.42
May
125.42
126.99
June
126.99
125.92
July
125.92
116.91
August
116.91
117.01
September
117.01
121.69
October
121.69
127.73
November
127.73
130.93
December
130.93
122.65
Month
Open(₹)
Close(₹)
January
133.81
136.13
February
136.13
130.51
March
130.51
126.96
April
126.96
135.59
May
135.59
130.55
June
130.55
128.9
July
128.9
133.21
August
133.21
139.5
September
139.5
127.2
October
127.2
124.92
November
124.92
130.12
December
130.12
120.53
Month
Open(₹)
Close(₹)
January
109.64
119.31
February
119.31
121.88
March
121.88
125.45
April
125.45
128.47
May
128.47
130.37
June
130.37
131.52
July
131.52
138.46
August
138.46
139.7
September
139.7
138.04
October
138.04
144.83
November
144.83
128.41
December
128.41
133.81
Month
Open(₹)
Close(₹)
January
94.56
89.3
February
89.3
84.7
March
84.7
92.05
April
92.05
95.45
May
95.45
97.93
June
97.93
101.72
July
101.72
108.69
August
108.69
113.58
September
113.58
116.22
October
116.22
119.68
November
119.68
111.57
December
111.57
109.64
Month
Open(₹)
Close(₹)
January
101.55
107.79
February
107.79
108.47
March
108.47
105.89
April
105.89
101.73
May
101.73
103.8
June
103.8
103.87
July
103.87
108.91
August
108.91
101.28
September
101.28
103.61
October
103.61
104.69
November
104.69
94.13
December
94.13
94.56
Month
Open(₹)
Close(₹)
January
71.46
68.72
February
68.72
70.64
March
70.64
73.18
April
73.18
75.13
May
75.13
87.11
June
87.11
95.46
July
95.46
93.36
August
93.36
97.77
September
97.77
97.3
October
97.3
97.38
November
97.38
101.33
December
101.33
101.55
Month
Open(₹)
Close(₹)
January
66.68
66.23
February
66.23
61.88
March
61.88
61.06
April
61.06
63.49
May
63.49
62.81
June
62.81
61.56
July
61.56
58.15
August
58.15
57.35
September
57.35
61.46
October
61.46
67.67
November
67.67
68.1
December
68.1
71.46

What does Aditya Birla Sun Life Flexi Cap 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 Flexi Cap Fund Direct Plan Payout Inc Dist cum Cap Wdrl as on 26.09.2022 is 15.39.

Check Aditya Birla Sun Life Flexi Cap 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.