Aditya Birla Sun Life MNC Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl Net Asset Value

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

Aditya Birla Sun Life MNC Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl NAV Today(01.10.2022)
₹333.131.08 %
Exit Load
1%

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

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

Aditya Birla Sun Life MNC Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl NAV History

Aditya Birla Sun Life MNC Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
340.57
334.66
February
334.66
315.87
March
315.87
326.96
April
326.96
328.62
May
328.62
315.55
June
315.55
303.17
July
303.17
332.69
August
332.69
343.11
September
343.11
-
Month
Open(₹)
Close(₹)
January
321.93
317.2
February
317.2
331.47
March
331.47
334.88
April
334.88
329.45
May
329.45
336.36
June
336.36
350.19
July
350.19
358.71
August
358.71
359.64
September
359.64
364.81
October
364.81
339.64
November
339.64
334.11
December
334.11
340.57
Month
Open(₹)
Close(₹)
January
284.65
288.49
February
288.49
283.27
March
283.27
225.01
April
225.01
253.03
May
253.03
250.91
June
250.91
264.27
July
264.27
264.07
August
264.07
280.68
September
280.68
281.33
October
281.33
278.44
November
278.44
301.96
December
301.96
321.93
Month
Open(₹)
Close(₹)
January
268.6
265.18
February
265.18
265.23
March
265.23
276.87
April
276.87
274.61
May
274.61
274.23
June
274.23
268.16
July
268.16
249.67
August
249.67
251.65
September
251.65
269.34
October
269.34
289.01
November
289.01
285.25
December
285.25
284.65
Month
Open(₹)
Close(₹)
January
278.47
273.17
February
273.17
263.57
March
263.57
260.04
April
260.04
275.78
May
275.78
268.67
June
268.67
266.05
July
266.05
271.8
August
271.8
289.72
September
289.72
259.57
October
259.57
250.49
November
250.49
262.08
December
262.08
268.6
Month
Open(₹)
Close(₹)
January
200.22
209.57
February
209.57
208.61
March
208.61
222.47
April
222.47
226.1
May
226.1
232.39
June
232.39
236.89
July
236.89
243.32
August
243.32
243.18
September
243.18
246.01
October
246.01
255.3
November
255.3
260.57
December
260.57
278.47
Month
Open(₹)
Close(₹)
January
205.8
191.45
February
191.45
182.7
March
182.7
194.58
April
194.58
198.7
May
198.7
204.64
June
204.64
208.88
July
208.88
217.04
August
217.04
215.51
September
215.51
214.53
October
214.53
213.94
November
213.94
199.51
December
199.51
200.22
Month
Open(₹)
Close(₹)
January
172.92
187.04
February
187.04
194.26
March
194.26
201.24
April
201.24
197.2
May
197.2
199.87
June
199.87
201.97
July
201.97
212.17
August
212.17
201.14
September
201.14
203.08
October
203.08
202.71
November
202.71
201.29
December
201.29
205.8
Month
Open(₹)
Close(₹)
January
99.76
93.06
February
93.06
95.68
March
95.68
104.12
April
104.12
103.47
May
103.47
116.08
June
116.08
130.25
July
130.25
130.55
August
130.55
141.2
September
141.2
144.67
October
144.67
147.69
November
147.69
164.89
December
164.89
172.92
Month
Open(₹)
Close(₹)
January
90.4
86.61
February
86.61
82.48
March
82.48
81.69
April
81.69
85.25
May
85.25
87.94
June
87.94
87.95
July
87.95
85.87
August
85.87
82.77
September
82.77
87.01
October
87.01
91.52
November
91.52
95.34
December
95.34
99.76

What does Aditya Birla Sun Life MNC Fund Direct Plan Reinvestment 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 MNC Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl as on 01.10.2022 is 14.98.

Check Aditya Birla Sun Life MNC Fund Direct Plan Reinvestment 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.