DSP Top 100 Equity Fund Direct Plan Growth Net Asset Value

NAV details of DSP Top 100 Equity Fund Direct Plan Growth:

DSP Top 100 Equity Fund Direct Plan Growth NAV Today(29.09.2022)
₹301.221.74 %
Exit Load
1%

How was the NAV for DSP Top 100 Equity 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 Top 100 Equity Fund Direct Plan Growth NAV calculation:

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

DSP Top 100 Equity Fund Direct Plan Growth NAV History

DSP Top 100 Equity Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
308.49
309.56
February
309.56
288.42
March
288.42
299.15
April
299.15
290.13
May
290.13
285.71
June
285.71
274.99
July
274.99
303.8
August
303.8
308.24
September
308.24
-
Month
Open(₹)
Close(₹)
January
256.45
261.75
February
261.75
264.63
March
264.63
269.75
April
269.75
267.4
May
267.4
283.39
June
283.39
290.36
July
290.36
298.99
August
298.99
316.2
September
316.2
316.87
October
316.87
317.2
November
317.2
301.99
December
301.99
308.49
Month
Open(₹)
Close(₹)
January
236.15
235.32
February
235.32
221.86
March
221.86
156.43
April
156.43
185.95
May
185.95
184.82
June
184.82
195.03
July
195.03
206.39
August
206.39
209.88
September
209.88
211.6
October
211.6
216.33
November
216.33
240.36
December
240.36
256.45
Month
Open(₹)
Close(₹)
January
205.3
198.13
February
198.13
198.56
March
198.56
215.53
April
215.53
215.71
May
215.71
223.09
June
223.09
222.42
July
222.42
203.34
August
203.34
203.38
September
203.38
218.67
October
218.67
231.19
November
231.19
234.18
December
234.18
236.15
Month
Open(₹)
Close(₹)
January
206.96
213.96
February
213.96
204.56
March
204.56
200.17
April
200.17
210.81
May
210.81
207.95
June
207.95
205.3
July
205.3
218.41
August
218.41
221
September
221
199.66
October
199.66
191.01
November
191.01
205.08
December
205.08
205.3
Month
Open(₹)
Close(₹)
January
163.87
178.75
February
178.75
178.57
March
178.57
183.76
April
183.76
188.72
May
188.72
192.03
June
192.03
189.18
July
189.18
204.24
August
204.24
203.27
September
203.27
198.5
October
198.5
206.34
November
206.34
200.09
December
200.09
206.96
Month
Open(₹)
Close(₹)
January
156.22
145.74
February
145.74
138.04
March
138.04
149.03
April
149.03
153.5
May
153.5
157.51
June
157.51
163.14
July
163.14
174.46
August
174.46
178.78
September
178.78
177.26
October
177.26
180.53
November
180.53
167.07
December
167.07
163.87
Month
Open(₹)
Close(₹)
January
158.4
169.08
February
169.08
168.19
March
168.19
164.9
April
164.9
156.11
May
156.11
159.53
June
159.53
160.87
July
160.87
166.32
August
166.32
151.51
September
151.51
154.61
October
154.61
154.97
November
154.97
156.2
December
156.2
156.22
Month
Open(₹)
Close(₹)
January
114.21
109.04
February
109.04
112.62
March
112.62
118.97
April
118.97
119.16
May
119.16
135.2
June
135.2
144.23
July
144.23
140.15
August
140.15
150.7
September
150.7
147.4
October
147.4
155.1
November
155.1
160.67
December
160.67
158.4
Month
Open(₹)
Close(₹)
January
112.46
111.58
February
111.58
104.46
March
104.46
102.81
April
102.81
107.65
May
107.65
107.59
June
107.59
105.7
July
105.7
103.99
August
103.99
99.33
September
99.33
102.57
October
102.57
113.09
November
113.09
109.7
December
109.7
114.21

What does DSP Top 100 Equity 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 Top 100 Equity Fund Direct Plan Growth as on 29.09.2022 is 10.65.

Check DSP Top 100 Equity 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.