Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc Dist cum Cap Wdrl Net Asset Value

NAV details of Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc Dist cum Cap Wdrl:

Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc Dist cum Cap Wdrl NAV Today(28.09.2022)
₹1394.790.03 %
Exit Load
0.5%

How was the NAV for Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc 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.

Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc Dist cum Cap Wdrl NAV calculation:

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

Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc Dist cum Cap Wdrl NAV History

Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc Dist cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1394.87
1395.57
February
1395.57
1392.2
March
1392.2
1397.34
April
1397.34
1395.18
May
1395.18
1387.77
June
1387.77
1394.35
July
1394.35
1403.47
August
1403.47
1403.08
September
1403.08
-
Month
Open(₹)
Close(₹)
January
1212.05
1221.65
February
1221.65
1236.56
March
1236.56
1255.51
April
1255.51
1278.68
May
1278.68
1286.29
June
1286.29
1293.27
July
1293.27
1252.21
August
1252.21
1265.72
September
1265.72
1374.17
October
1374.17
1378.81
November
1378.81
1388.8
December
1388.8
1394.87
Month
Open(₹)
Close(₹)
January
1295.49
1251.35
February
1251.35
1263.39
March
1263.39
1197.09
April
1197.09
1153.23
May
1153.23
1169.71
June
1169.71
1175.55
July
1175.55
1162.28
August
1162.28
1117.58
September
1117.58
1134.8
October
1134.8
1154.33
November
1154.33
1184.82
December
1184.82
1212.05
Month
Open(₹)
Close(₹)
January
1328.2
1336.15
February
1336.15
1344.12
March
1344.12
1336.41
April
1336.41
1334.08
May
1334.08
1349.32
June
1349.32
1320.69
July
1320.69
1333.06
August
1333.06
1336.25
September
1336.25
1316.55
October
1316.55
1319.34
November
1319.34
1327.66
December
1327.66
1295.49
Month
Open(₹)
Close(₹)
January
1308.69
1313.57
February
1313.57
1320.28
March
1320.28
1312.89
April
1312.89
1312.49
May
1312.49
1317.19
June
1317.19
1301.48
July
1301.48
1316.88
August
1316.88
1326.8
September
1326.8
1304.38
October
1304.38
1313
November
1313
1329.09
December
1329.09
1328.2
Month
Open(₹)
Close(₹)
January
1289.54
1305.91
February
1305.91
1313.06
March
1313.06
1297.21
April
1297.21
1306.18
May
1306.18
1319.44
June
1319.44
1307.35
July
1307.35
1322.76
August
1322.76
1334.75
September
1334.75
1315.33
October
1315.33
1326.67
November
1326.67
1329.82
December
1329.82
1308.69
Month
Open(₹)
Close(₹)
January
1276.7
1282.15
February
1282.15
1266.1
March
1266.1
1251.34
April
1251.34
1265.26
May
1265.26
1277.02
June
1277.02
1263.4
July
1263.4
1281.53
August
1281.53
1294.45
September
1294.45
1281.6
October
1281.6
1292.99
November
1292.99
1311.14
December
1311.14
1289.54
Month
Open(₹)
Close(₹)
January
1253.92
1270.64
February
1270.64
1277.73
March
1277.73
1264.61
April
1264.61
1272.43
May
1272.43
1284.15
June
1284.15
1265.61
July
1265.61
1279.33
August
1279.33
1289.78
September
1289.78
1275.16
October
1275.16
1285.57
November
1285.57
1293.38
December
1293.38
1276.7
Month
Open(₹)
Close(₹)
January
1195.69
1203.94
February
1203.94
1211.89
March
1211.89
1206.93
April
1206.93
1219.02
May
1219.02
1233.83
June
1233.83
1222.01
July
1222.01
1231.14
August
1231.14
1241.34
September
1241.34
1232.19
October
1232.19
1250.5
November
1250.5
1268.1
December
1268.1
1253.92
Month
Open(₹)
Close(₹)
January
1175.43
1184.81
February
1184.81
1190.21
March
1190.21
1182.73
April
1182.73
1201.59
May
1201.59
1186.03
June
1186.03
1190.82
July
1190.82
1174.77
August
1174.77
1172.76
September
1172.76
1178.16
October
1178.16
1196.76
November
1196.76
1205
December
1205
1195.69

What does Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc 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 Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc Dist cum Cap Wdrl as on 28.09.2022 is 5.66.

Check Franklin India Short Term Income Plan Direct Plan Quarterly Rnvstmnt of Inc 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.