Franklin India NSE Nifty 50 Index Fund Direct Growth Net Asset Value

NAV details of Franklin India NSE Nifty 50 Index Fund Direct Growth:

Franklin India NSE Nifty 50 Index Fund Direct Growth NAV Today(02.10.2022)
₹140.751.79 %
Exit Load
0.25%

How was the NAV for Franklin India NSE Nifty 50 Index Fund Direct 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.

Franklin India NSE Nifty 50 Index Fund Direct Growth NAV calculation:

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

Franklin India NSE Nifty 50 Index Fund Direct Growth NAV History

Franklin India NSE Nifty 50 Index Fund Direct Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
142.22
143.98
February
143.98
137.81
March
137.81
144.92
April
144.92
140.29
May
140.29
136.05
June
136.05
129.99
July
129.99
143.17
August
143.17
145.11
September
145.11
-
Month
Open(₹)
Close(₹)
January
114.26
116.34
February
116.34
120.31
March
120.31
121.21
April
121.21
119.28
May
119.28
127.07
June
127.07
128.19
July
128.19
129.04
August
129.04
139.72
September
139.72
143.43
October
143.43
146.74
November
146.74
140.67
December
140.67
142.22
Month
Open(₹)
Close(₹)
January
98.95
97.16
February
97.16
91.12
March
91.12
67.52
April
67.52
80.26
May
80.26
79.89
June
79.89
84.76
July
84.76
90.14
August
90.14
93.46
September
93.46
93.09
October
93.09
95.02
November
95.02
106.91
December
106.91
114.26
Month
Open(₹)
Close(₹)
January
88.24
88.1
February
88.1
87.92
March
87.92
94.41
April
94.41
94.98
May
94.98
96.42
June
96.42
96.12
July
96.12
89.28
August
89.28
89.72
September
89.72
92.38
October
92.38
96.69
November
96.69
97.96
December
97.96
98.95
Month
Open(₹)
Close(₹)
January
84.05
88.59
February
88.59
84.2
March
84.2
81.58
April
81.58
86.42
May
86.42
86.21
June
86.21
86.51
July
86.51
91.71
August
91.71
94.47
September
94.47
89.13
October
89.13
84.13
November
84.13
87.95
December
87.95
88.24
Month
Open(₹)
Close(₹)
January
65.83
70.04
February
70.04
71.91
March
71.91
73.77
April
73.77
74.72
May
74.72
77.21
June
77.21
76.65
July
76.65
81.54
August
81.54
80.46
September
80.46
78.95
October
78.95
84.17
November
84.17
81.58
December
81.58
84.05
Month
Open(₹)
Close(₹)
January
63.61
60.34
February
60.34
57.71
March
57.71
61.69
April
61.69
62.79
May
62.79
65.49
June
65.49
66.88
July
66.88
69.43
August
69.43
70.57
September
70.57
69.22
October
69.22
69.37
November
69.37
65.92
December
65.92
65.83
Month
Open(₹)
Close(₹)
January
65.6
69.7
February
69.7
69.96
March
69.96
68.04
April
68.04
64.84
May
64.84
66.9
June
66.9
67.31
July
67.31
68.15
August
68.15
62.18
September
62.18
63.49
October
63.49
64.46
November
64.46
63.62
December
63.62
63.61
Month
Open(₹)
Close(₹)
January
49.8
48.16
February
48.16
49.62
March
49.62
53.07
April
53.07
52.76
May
52.76
56.92
June
56.92
60.28
July
60.28
60.25
August
60.25
63.65
September
63.65
62.97
October
62.97
65.95
November
65.95
67.77
December
67.77
65.6
Month
Open(₹)
Close(₹)
January
46.87
47.19
February
47.19
44.97
March
44.97
44.81
April
44.81
46.48
May
46.48
47.12
June
47.12
46.55
July
46.55
45.4
August
45.4
43.46
September
43.46
45.76
October
45.76
49.89
November
49.89
48.79
December
48.79
49.8

What does Franklin India NSE Nifty 50 Index Fund Direct 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 Franklin India NSE Nifty 50 Index Fund Direct Growth as on 02.10.2022 is 11.96.

Check Franklin India NSE Nifty 50 Index Fund Direct 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.