ICICI Prudential Exports and Services Fund Direct Plan Growth Net Asset Value

NAV details of ICICI Prudential Exports and Services Fund Direct Plan Growth:

ICICI Prudential Exports and Services Fund Direct Plan Growth NAV Today(27.09.2022)
₹98.051.46 %
Exit Load
1%

How was the NAV for ICICI Prudential Exports and Services 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.

ICICI Prudential Exports and Services Fund Direct Plan Growth NAV calculation:

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

ICICI Prudential Exports and Services Fund Direct Plan Growth NAV History

ICICI Prudential Exports and Services Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
98.71
99.91
February
99.91
94.57
March
94.57
99.12
April
99.12
96.95
May
96.95
95.45
June
95.45
92.54
July
92.54
98.47
August
98.47
99.87
September
99.87
-
Month
Open(₹)
Close(₹)
January
73.07
75.22
February
75.22
77.11
March
77.11
77.76
April
77.76
78.62
May
78.62
83.26
June
83.26
85.06
July
85.06
88.23
August
88.23
94.17
September
94.17
96.93
October
96.93
99.75
November
99.75
96
December
96
98.71
Month
Open(₹)
Close(₹)
January
61.79
62.73
February
62.73
57.96
March
57.96
42.96
April
42.96
50.69
May
50.69
51.7
June
51.7
53.81
July
53.81
57.78
August
57.78
60.62
September
60.62
59.1
October
59.1
59.82
November
59.82
67.18
December
67.18
73.07
Month
Open(₹)
Close(₹)
January
57.3
56.46
February
56.46
56.46
March
56.46
60.7
April
60.7
59.7
May
59.7
60.06
June
60.06
60.5
July
60.5
56.82
August
56.82
57.08
September
57.08
56.6
October
56.6
59.57
November
59.57
61.14
December
61.14
61.79
Month
Open(₹)
Close(₹)
January
61.84
63.09
February
63.09
61.33
March
61.33
59.36
April
59.36
62.31
May
62.31
58.75
June
58.75
59.16
July
59.16
61.31
August
61.31
63.5
September
63.5
60.28
October
60.28
58.42
November
58.42
57.67
December
57.67
57.3
Month
Open(₹)
Close(₹)
January
47.11
48.7
February
48.7
50.56
March
50.56
52.92
April
52.92
54.22
May
54.22
53.84
June
53.84
55.14
July
55.14
55.18
August
55.18
54.63
September
54.63
55.92
October
55.92
59.67
November
59.67
58.79
December
58.79
61.84
Month
Open(₹)
Close(₹)
January
48.88
47.13
February
47.13
43.42
March
43.42
44.34
April
44.34
45
May
45
45.35
June
45.35
47.7
July
47.7
49.11
August
49.11
49.79
September
49.79
49.18
October
49.18
50.35
November
50.35
47.55
December
47.55
47.11
Month
Open(₹)
Close(₹)
January
41.69
42.92
February
42.92
43.77
March
43.77
45.79
April
45.79
43.49
May
43.49
44.78
June
44.78
45.09
July
45.09
48.19
August
48.19
48.34
September
48.34
48.35
October
48.35
48.83
November
48.83
48.15
December
48.15
48.88
Month
Open(₹)
Close(₹)
January
27.38
28.19
February
28.19
29.86
March
29.86
28.37
April
28.37
29.16
May
29.16
29.61
June
29.61
33.03
July
33.03
34.52
August
34.52
37.68
September
37.68
40.4
October
40.4
40.13
November
40.13
42.24
December
42.24
41.69
Month
Open(₹)
Close(₹)
February
19.39
19.25
March
19.25
19.59
April
19.59
19.14
May
19.14
19.62
June
19.62
20.04
July
20.04
21.86
August
21.86
22.59
September
22.59
23.51
October
23.51
25.21
November
25.21
25.88
December
25.88
27.38

What does ICICI Prudential Exports and Services 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 ICICI Prudential Exports and Services Fund Direct Plan Growth as on 27.09.2022 is 18.19.

Check ICICI Prudential Exports and Services 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.