HDFC Hybrid Equity Fund Direct Growth Option Net Asset Value

NAV details of HDFC Hybrid Equity Fund Direct Growth Option:

HDFC Hybrid Equity Fund Direct Growth Option NAV Today(26.09.2022)
₹87.031.56 %
Exit Load
1%

How was the NAV for HDFC Hybrid Equity Fund Direct Growth Option 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.

HDFC Hybrid Equity Fund Direct Growth Option NAV calculation:

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

HDFC Hybrid Equity Fund Direct Growth Option NAV History

HDFC Hybrid Equity Fund Direct Growth Option NAV Monthly History

Month
Open(₹)
Close(₹)
January
83.44
85.44
February
85.44
82.33
March
82.33
85.26
April
85.26
83.76
May
83.76
81.83
June
81.83
79.33
July
79.33
85.58
August
85.58
87.65
September
87.65
-
Month
Open(₹)
Close(₹)
January
66.19
68.49
February
68.49
72.1
March
72.1
71.8
April
71.8
71.28
May
71.28
75.8
June
75.8
77.31
July
77.31
78.82
August
78.82
81.22
September
81.22
82.77
October
82.77
84.96
November
84.96
82.6
December
82.6
83.44
Month
Open(₹)
Close(₹)
January
57.97
57.81
February
57.81
55.15
March
55.15
43.46
April
43.46
49.26
May
49.26
48.89
June
48.89
51.76
July
51.76
53.69
August
53.69
56.13
September
56.13
55.35
October
55.35
56.17
November
56.17
62.84
December
62.84
66.19
Month
Open(₹)
Close(₹)
January
53.64
53.15
February
53.15
53.1
March
53.1
56.79
April
56.79
56.09
May
56.09
57.48
June
57.48
57.5
July
57.5
54.39
August
54.39
54.2
September
54.2
55.46
October
55.46
56.85
November
56.85
57.53
December
57.53
57.97
Month
Open(₹)
Close(₹)
January
54.12
54.87
February
54.87
53.23
March
53.23
52.33
April
52.33
54.13
May
54.13
52.91
June
52.91
52.04
July
52.04
53.94
August
53.94
55.29
September
55.29
52.2
October
52.2
51.62
November
51.62
52.95
December
52.95
53.64
Month
Open(₹)
Close(₹)
January
42.12
44.4
February
44.4
45.14
March
45.14
46.51
April
46.51
47.75
May
47.75
48.88
June
48.88
49.12
July
49.12
51.37
August
51.37
50.97
September
50.97
50.2
October
50.2
53.01
November
53.01
52.57
December
52.57
54.12
Month
Open(₹)
Close(₹)
January
38.15
36.11
February
36.11
34.71
March
34.71
37.35
April
37.35
38.06
May
38.06
39.12
June
39.12
40.17
July
40.17
41.74
August
41.74
42.78
September
42.78
43.09
October
43.09
43.94
November
43.94
42.74
December
42.74
42.12
Month
Open(₹)
Close(₹)
January
36.56
37.68
February
37.68
37.56
March
37.56
37.67
April
37.67
36.82
May
36.82
37.59
June
37.59
37.65
July
37.65
38.41
August
38.41
36.82
September
36.82
37.54
October
37.54
37.9
November
37.9
37.92
December
37.92
38.15
Month
Open(₹)
Close(₹)
January
24
23.65
February
23.65
24.57
March
24.57
25.61
April
25.61
26.47
May
26.47
29
June
29
31.42
July
31.42
31.32
August
31.32
32.88
September
32.88
33.36
October
33.36
34.46
November
34.46
36.01
December
36.01
36.56
Month
Open(₹)
Close(₹)
January
22.05
21.91
February
21.91
21.02
March
21.02
20.88
April
20.88
21.18
May
21.18
21.43
June
21.43
21.03
July
21.03
20.18
August
20.18
19.78
September
19.78
20.72
October
20.72
22.55
November
22.55
22.95
December
22.95
24

What does HDFC Hybrid Equity Fund Direct Growth Option’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 HDFC Hybrid Equity Fund Direct Growth Option as on 26.09.2022 is 15.16.

Check HDFC Hybrid Equity Fund Direct Growth Option 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.