Aditya Birla Sun Life MNC Fund Direct Plan Growth Net Asset Value

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

Aditya Birla Sun Life MNC Fund Direct Plan Growth NAV Today(25.09.2022)
₹1061.250.28 %
Exit Load
1%

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

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

Aditya Birla Sun Life MNC Fund Direct Plan Growth NAV History

Aditya Birla Sun Life MNC Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
1064.51
1046.03
February
1046.03
987.3
March
987.3
1021.97
April
1021.97
1027.16
May
1027.16
986.3
June
986.3
947.62
July
947.62
1039.87
August
1039.87
1072.44
September
1072.44
-
Month
Open(₹)
Close(₹)
January
949.26
935.34
February
935.34
977.4
March
977.4
987.46
April
987.46
971.45
May
971.45
991.83
June
991.83
1032.61
July
1032.61
1057.73
August
1057.73
1060.45
September
1060.45
1075.72
October
1075.72
1061.61
November
1061.61
1044.31
December
1044.31
1064.51
Month
Open(₹)
Close(₹)
January
839.34
850.67
February
850.67
835.28
March
835.28
663.46
April
663.46
746.09
May
746.09
739.85
June
739.85
779.23
July
779.23
778.64
August
778.64
827.64
September
827.64
829.55
October
829.55
821.04
November
821.04
890.4
December
890.4
949.26
Month
Open(₹)
Close(₹)
January
792.01
781.92
February
781.92
782.08
March
782.08
816.41
April
816.41
809.74
May
809.74
808.61
June
808.61
790.72
July
790.72
736.18
August
736.18
742.01
September
742.01
794.2
October
794.2
852.19
November
852.19
841.09
December
841.09
839.34
Month
Open(₹)
Close(₹)
January
821.12
805.48
February
805.48
777.16
March
777.16
766.77
April
766.77
813.16
May
813.16
792.22
June
792.22
784.5
July
784.5
801.46
August
801.46
854.29
September
854.29
765.4
October
765.4
738.61
November
738.61
772.79
December
772.79
792.01
Month
Open(₹)
Close(₹)
January
590.35
617.93
February
617.93
615.07
March
615.07
655.97
April
655.97
666.69
May
666.69
685.21
June
685.21
698.48
July
698.48
717.45
August
717.45
717.04
September
717.04
725.39
October
725.39
752.78
November
752.78
768.34
December
768.34
821.12
Month
Open(₹)
Close(₹)
January
607.08
564.48
February
564.48
538.66
March
538.66
573.7
April
573.7
585.85
May
585.85
603.35
June
603.35
615.88
July
615.88
639.94
August
639.94
635.43
September
635.43
632.55
October
632.55
630.81
November
630.81
588.25
December
588.25
590.35
Month
Open(₹)
Close(₹)
January
510.03
551.67
February
551.67
572.98
March
572.98
593.52
April
593.52
581.72
May
581.72
589.62
June
589.62
595.83
July
595.83
625.88
August
625.88
593.33
September
593.33
599.07
October
599.07
597.96
November
597.96
593.79
December
593.79
607.08
Month
Open(₹)
Close(₹)
January
294.14
274.38
February
274.38
282.1
March
282.1
307.01
April
307.01
305.09
May
305.09
342.3
June
342.3
384.09
July
384.09
384.95
August
384.95
416.36
September
416.36
426.6
October
426.6
435.53
November
435.53
486.36
December
486.36
510.03
Month
Open(₹)
Close(₹)
January
266.68
255.27
February
255.27
243.1
March
243.1
240.77
April
240.77
251.28
May
251.28
259.21
June
259.21
259.22
July
259.22
253.12
August
253.12
243.99
September
243.99
256.47
October
256.47
269.79
November
269.79
281.05
December
281.05
294.14

What does Aditya Birla Sun Life MNC 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 MNC Fund Direct Plan Growth as on 25.09.2022 is 15.26.

Check Aditya Birla Sun Life MNC 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.