DSP India T.I.G.E.R. Fund - Direct Plan - Growth Net Asset Value

NAV details of DSP India T.I.G.E.R. Fund - Direct Plan - Growth:

DSP India T.I.G.E.R. Fund - Direct Plan - Growth NAV Today(07.10.2022)
₹165.521.38 %
Exit Load
1%

How was the NAV for DSP India T.I.G.E.R. 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 India T.I.G.E.R. Fund - Direct Plan - Growth NAV calculation:

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

DSP India T.I.G.E.R. Fund - Direct Plan - Growth NAV History

DSP India T.I.G.E.R. Fund - Direct Plan - Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
150.97
153.92
February
153.92
144.21
March
144.21
152.25
April
152.25
153.81
May
153.81
149.91
June
149.91
141.37
July
141.37
158.11
August
158.11
165.61
September
165.61
163.34
October
163.34
-
Month
Open(₹)
Close(₹)
January
99.44
104.37
February
104.37
115.46
March
115.46
117.21
April
117.21
116.07
May
116.07
126.21
June
126.21
133.66
July
133.66
141.8
August
141.8
145.72
September
145.72
150.05
October
150.05
151.85
November
151.85
149
December
149
150.97
Month
Open(₹)
Close(₹)
January
96.05
97.15
February
97.15
88.96
March
88.96
61.63
April
61.63
70.97
May
70.97
70.32
June
70.32
75.69
July
75.69
76.17
August
76.17
81.92
September
81.92
78.12
October
78.12
79.61
November
79.61
93.14
December
93.14
99.44
Month
Open(₹)
Close(₹)
January
89.44
84.38
February
84.38
85.4
March
85.4
95.57
April
95.57
93.19
May
93.19
99.72
June
99.72
99.51
July
99.51
90.03
August
90.03
87.72
September
87.72
93.41
October
93.41
95.82
November
95.82
95.58
December
95.58
96.05
Month
Open(₹)
Close(₹)
January
106.68
105.91
February
105.91
100.32
March
100.32
97.12
April
97.12
100.88
May
100.88
96.01
June
96.01
89.23
July
89.23
93.69
August
93.69
95.29
September
95.29
85.5
October
85.5
84.61
November
84.61
87.46
December
87.46
89.44
Month
Open(₹)
Close(₹)
January
72.36
80.78
February
80.78
81.19
March
81.19
85.98
April
85.98
90.67
May
90.67
91.05
June
91.05
88.81
July
88.81
94.32
August
94.32
94.36
September
94.36
92.75
October
92.75
101.66
November
101.66
102.39
December
102.39
106.68
Month
Open(₹)
Close(₹)
January
69.82
64.11
February
64.11
58.72
March
58.72
64.86
April
64.86
64.9
May
64.9
67
June
67
71.17
July
71.17
75.02
August
75.02
77.24
September
77.24
76.59
October
76.59
79.52
November
79.52
73.99
December
73.99
72.36
Month
Open(₹)
Close(₹)
January
68.52
71.64
February
71.64
72.46
March
72.46
73.37
April
73.37
69.14
May
69.14
70.71
June
70.71
71.27
July
71.27
74.19
August
74.19
67.58
September
67.58
68.31
October
68.31
68.51
November
68.51
70.16
December
70.16
69.82
Month
Open(₹)
Close(₹)
January
42.36
38.44
February
38.44
39.7
March
39.7
45.44
April
45.44
46.59
May
46.59
56.68
June
56.68
61.64
July
61.64
58.67
August
58.67
61.28
September
61.28
59.77
October
59.77
63.49
November
63.49
67.48
December
67.48
68.52
Month
Open(₹)
Close(₹)
January
46.77
45.7
February
45.7
41.47
March
41.47
40.22
April
40.22
42.18
May
42.18
41.78
June
41.78
40.26
July
40.26
35.72
August
35.72
33.52
September
33.52
35.9
October
35.9
40.44
November
40.44
40.45
December
40.45
42.36

What does DSP India T.I.G.E.R. 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 India T.I.G.E.R. Fund - Direct Plan - Growth as on 07.10.2022 is 13.73.

Check DSP India T.I.G.E.R. 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.