ICICI Prudential All Seasons Bond Fund Direct Plan Bonus Net Asset Value

NAV details of ICICI Prudential All Seasons Bond Fund Direct Plan Bonus:

ICICI Prudential All Seasons Bond Fund Direct Plan Bonus NAV Today(07.10.2022)
₹17.850.62 %
Exit Load
0.25%

How was the NAV for ICICI Prudential All Seasons Bond Fund Direct Plan Bonus 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.

ICICI Prudential All Seasons Bond Fund Direct Plan Bonus NAV calculation:

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

ICICI Prudential All Seasons Bond Fund Direct Plan Bonus NAV History

ICICI Prudential All Seasons Bond Fund Direct Plan Bonus NAV Monthly History

Month
Open(₹)
Close(₹)
January
17.85
17.85
February
17.85
17.85
March
17.85
17.85
April
17.85
17.85
May
17.85
17.85
June
17.85
17.85
July
17.85
17.85
August
17.85
17.85
September
17.85
17.85
October
17.85
-
Month
Open(₹)
Close(₹)
January
17.85
17.85
February
17.85
17.85
March
17.85
17.85
April
17.85
17.85
May
17.85
17.85
June
17.85
17.85
July
17.85
17.85
August
17.85
17.85
September
17.85
17.85
October
17.85
17.85
November
17.85
17.85
December
17.85
17.85
Month
Open(₹)
Close(₹)
January
17.16
17.24
February
17.24
17.58
March
17.58
17.67
April
17.67
17.85
May
17.85
17.85
June
17.85
17.85
July
17.85
17.85
August
17.85
17.85
September
17.85
17.85
October
17.85
17.85
November
17.85
17.85
December
17.85
17.85
Month
Open(₹)
Close(₹)
January
15.42
15.47
February
15.47
15.54
March
15.54
15.81
April
15.81
15.84
May
15.84
16.14
June
16.14
16.25
July
16.25
16.52
August
16.52
16.62
September
16.62
16.66
October
16.66
16.83
November
16.83
16.99
December
16.99
17.16
Month
Open(₹)
Close(₹)
January
14.44
14.42
February
14.42
14.44
March
14.44
14.73
April
14.73
14.66
May
14.66
14.69
June
14.69
14.77
July
14.77
14.92
August
14.92
14.99
September
14.99
15.01
October
15.01
15.08
November
15.08
15.23
December
15.23
15.42
Month
Open(₹)
Close(₹)
January
13.64
13.79
February
13.79
13.47
March
13.47
13.75
April
13.75
13.77
May
13.77
14.07
June
14.07
14.32
July
14.32
14.45
August
14.45
14.54
September
14.54
14.49
October
14.49
14.46
November
14.46
14.46
December
14.46
14.44
Month
Open(₹)
Close(₹)
January
11.6
11.55
February
11.55
11.59
March
11.59
12.02
April
12.02
12.17
May
12.17
12.22
June
12.22
12.43
July
12.43
12.83
August
12.83
12.97
September
12.97
13.16
October
13.16
13.26
November
13.26
13.88
December
13.88
13.64
Month
Open(₹)
Close(₹)
January
10.87
11.13
February
11.13
11.17
March
11.17
11.2
April
11.2
11.18
May
11.18
11.2
June
11.2
11.12
July
11.12
11.26
August
11.26
11.39
September
11.39
11.64
October
11.64
11.65
November
11.65
11.61
December
11.61
11.6
Month
Open(₹)
Close(₹)
October
10.12
10.4
November
10.4
10.66
December
10.66
10.87

What does ICICI Prudential All Seasons Bond Fund Direct Plan Bonus’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 ICICI Prudential All Seasons Bond Fund Direct Plan Bonus as on 07.10.2022 is 10.83.

Check ICICI Prudential All Seasons Bond Fund Direct Plan Bonus 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.