DSP Equity & Bond Fund Direct Plan Growth Net Asset Value

NAV details of DSP Equity & Bond Fund Direct Plan Growth:

DSP Equity & Bond Fund Direct Plan Growth NAV Today(06.10.2022)
₹246.490.75 %
Exit Load
1%

How was the NAV for DSP Equity & Bond 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.

DSP Equity & Bond Fund Direct Plan Growth NAV calculation:

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

DSP Equity & Bond Fund Direct Plan Growth NAV History

DSP Equity & Bond Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
257.95
255.81
February
255.81
243.59
March
243.59
249.71
April
249.71
242.82
May
242.82
235.18
June
235.18
226.28
July
226.28
248.8
August
248.8
252.63
September
252.63
248.37
October
248.37
-
Month
Open(₹)
Close(₹)
January
206.04
209.66
February
209.66
216.89
March
216.89
219.45
April
219.45
219.35
May
219.35
229.76
June
229.76
236.74
July
236.74
244.62
August
244.62
255.15
September
255.15
256.53
October
256.53
260.53
November
260.53
254.61
December
254.61
257.95
Month
Open(₹)
Close(₹)
January
174.03
178.6
February
178.6
176.57
March
176.57
139.14
April
139.14
155.18
May
155.18
155.45
June
155.45
163.82
July
163.82
168.42
August
168.42
174.93
September
174.93
173.77
October
173.77
177.35
November
177.35
196.51
December
196.51
206.04
Month
Open(₹)
Close(₹)
January
151.1
148.69
February
148.69
150.01
March
150.01
160.07
April
160.07
160.31
May
160.31
164.22
June
164.22
164.24
July
164.24
156.36
August
156.36
159.08
September
159.08
166.65
October
166.65
172.24
November
172.24
172.19
December
172.19
174.03
Month
Open(₹)
Close(₹)
January
156.49
156.39
February
156.39
151.14
March
151.14
148.61
April
148.61
155.13
May
155.13
151.87
June
151.87
149.38
July
149.38
156.77
August
156.77
161.39
September
161.39
146.51
October
146.51
144.39
November
144.39
149.83
December
149.83
151.1
Month
Open(₹)
Close(₹)
January
121.79
131.98
February
131.98
131.41
March
131.41
135.45
April
135.45
140.47
May
140.47
142.13
June
142.13
140.55
July
140.55
146.32
August
146.32
146.71
September
146.71
144.7
October
144.7
151.41
November
151.41
151.56
December
151.56
156.49
Month
Open(₹)
Close(₹)
January
112.21
106.67
February
106.67
101.63
March
101.63
108.24
April
108.24
111.39
May
111.39
113.98
June
113.98
117.65
July
117.65
123.82
August
123.82
127.9
September
127.9
128.74
October
128.74
131.53
November
131.53
124.51
December
124.51
121.79
Month
Open(₹)
Close(₹)
January
105.85
108.9
February
108.9
108.65
March
108.65
109.67
April
109.67
106.9
May
106.9
110
June
110
110.73
July
110.73
115.05
August
115.05
108.4
September
108.4
109.26
October
109.26
111.66
November
111.66
111.59
December
111.59
112.21
Month
Open(₹)
Close(₹)
January
72.49
69.66
February
69.66
71.7
March
71.7
75.22
April
75.22
75.87
May
75.87
83.21
June
83.21
88.81
July
88.81
88.18
August
88.18
94.12
September
94.12
95.52
October
95.52
99.98
November
99.98
104.21
December
104.21
105.85
Month
Open(₹)
Close(₹)
January
72.96
71.91
February
71.91
67.77
March
67.77
67.22
April
67.22
69.22
May
69.22
69.46
June
69.46
68.26
July
68.26
64.96
August
64.96
62.86
September
62.86
65.02
October
65.02
70.38
November
70.38
69.52
December
69.52
72.49

What does DSP Equity & Bond 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 DSP Equity & Bond Fund Direct Plan Growth as on 06.10.2022 is 13.3.

Check DSP Equity & Bond 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.