Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income Dist cum Cap Wdrl Net Asset Value

NAV details of Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income Dist cum Cap Wdrl:

Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income Dist cum Cap Wdrl NAV Today(25.09.2022)
₹105.141.36 %
Exit Load
1%

How was the NAV for Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income 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.

Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income Dist cum Cap Wdrl NAV calculation:

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

Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income Dist cum Cap Wdrl NAV History

Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income Dist cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
110.57
110.21
February
110.21
105.65
March
105.65
107.52
April
107.52
104.85
May
104.85
100.8
June
100.8
97.15
July
97.15
104.48
August
104.48
105.84
September
105.84
-
Month
Open(₹)
Close(₹)
January
95.08
95.94
February
95.94
98.2
March
98.2
98.61
April
98.61
98.15
May
98.15
101.5
June
101.5
103.58
July
103.58
105.95
August
105.95
110.4
September
110.4
110.89
October
110.89
111.91
November
111.91
108.46
December
108.46
110.57
Month
Open(₹)
Close(₹)
January
85.63
87.18
February
87.18
85.89
March
85.89
69.86
April
69.86
77.48
May
77.48
77.07
June
77.07
79.35
July
79.35
82.7
August
82.7
83.94
September
83.94
84.02
October
84.02
84.6
November
84.6
91.53
December
91.53
95.08
Month
Open(₹)
Close(₹)
January
82.67
82.26
February
82.26
81.69
March
81.69
85.56
April
85.56
84.8
May
84.8
86.75
June
86.75
85.76
July
85.76
80.64
August
80.64
81.1
September
81.1
82.69
October
82.69
85.16
November
85.16
85.89
December
85.89
85.63
Month
Open(₹)
Close(₹)
January
87.29
88.16
February
88.16
85.44
March
85.44
83.59
April
83.59
86.52
May
86.52
84.93
June
84.93
84.55
July
84.55
87.09
August
87.09
88.81
September
88.81
83.08
October
83.08
80.69
November
80.69
83.28
December
83.28
82.67
Month
Open(₹)
Close(₹)
January
75.9
79.27
February
79.27
79.73
March
79.73
82.13
April
82.13
84.06
May
84.06
84.01
June
84.01
84.2
July
84.2
86.39
August
86.39
86.05
September
86.05
85
October
85
86.81
November
86.81
85.75
December
85.75
87.29
Month
Open(₹)
Close(₹)
January
79.63
73.83
February
73.83
68.64
March
68.64
73.31
April
73.31
74.74
May
74.74
74.87
June
74.87
76.78
July
76.78
79.01
August
79.01
81.2
September
81.2
81.47
October
81.47
82.03
November
82.03
77.27
December
77.27
75.9
Month
Open(₹)
Close(₹)
January
81.19
84.76
February
84.76
82.66
March
82.66
83.66
April
83.66
79.39
May
79.39
81.26
June
81.26
80.79
July
80.79
84.24
August
84.24
77.41
September
77.41
78.81
October
78.81
80.06
November
80.06
79.96
December
79.96
79.63
Month
Open(₹)
Close(₹)
January
59.35
57.2
February
57.2
57.42
March
57.42
61.33
April
61.33
60.52
May
60.52
67.33
June
67.33
72.05
July
72.05
70.76
August
70.76
74.62
September
74.62
75.82
October
75.82
76.98
November
76.98
80.43
December
80.43
81.19
Month
Open(₹)
Close(₹)
January
60.39
60.17
February
60.17
57.5
March
57.5
57.12
April
57.12
57.23
May
57.23
57.47
June
57.47
56.4
July
56.4
54.02
August
54.02
52.63
September
52.63
54.69
October
54.69
57.88
November
57.88
57.33
December
57.33
59.35

What does Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income 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 Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income Dist cum Cap Wdrl as on 25.09.2022 is 14.22.

Check Canara Robeco Equity Hybrid Fund Direct Plan Monthly Reinvestment of Income 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.