ICICI Prudential Multi-Asset Fund Direct Plan Growth Net Asset Value

NAV details of ICICI Prudential Multi-Asset Fund Direct Plan Growth:

ICICI Prudential Multi-Asset Fund Direct Plan Growth NAV Today(27.09.2022)
₹476.721.4 %
Exit Load
1%

How was the NAV for ICICI Prudential Multi-Asset 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 Multi-Asset Fund Direct Plan Growth NAV calculation:

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

ICICI Prudential Multi-Asset Fund Direct Plan Growth NAV History

ICICI Prudential Multi-Asset Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
440.64
463.22
February
463.22
454.23
March
454.23
471.53
April
471.53
471.97
May
471.97
464.75
June
464.75
450.18
July
450.18
478
August
478
483.64
September
483.64
-
Month
Open(₹)
Close(₹)
January
326.33
333.73
February
333.73
360.18
March
360.18
359.01
April
359.01
360.41
May
360.41
384.38
June
384.38
387.31
July
387.31
398.69
August
398.69
413.56
September
413.56
435.97
October
435.97
450.13
November
450.13
437.69
December
437.69
440.64
Month
Open(₹)
Close(₹)
January
294.45
290.18
February
290.18
272.16
March
272.16
218.27
April
218.27
253.58
May
253.58
259.42
June
259.42
268.82
July
268.82
277.71
August
277.71
291.21
September
291.21
273.82
October
273.82
272.81
November
272.81
303.87
December
303.87
326.33
Month
Open(₹)
Close(₹)
January
271.23
264.23
February
264.23
267.12
March
267.12
283.92
April
283.92
281.25
May
281.25
285.24
June
285.24
288.73
July
288.73
273.49
August
273.49
273.44
September
273.44
274.25
October
274.25
288.31
November
288.31
290.44
December
290.44
294.45
Month
Open(₹)
Close(₹)
January
273.12
276.92
February
276.92
269.81
March
269.81
263.14
April
263.14
272.04
May
272.04
265.27
June
265.27
261.14
July
261.14
266.83
August
266.83
276.54
September
276.54
270.08
October
270.08
266.89
November
266.89
263.42
December
263.42
271.23
Month
Open(₹)
Close(₹)
January
211.66
224.93
February
224.93
232.63
March
232.63
237.78
April
237.78
239.19
May
239.19
241.29
June
241.29
242.6
July
242.6
251.7
August
251.7
249.8
September
249.8
249.75
October
249.75
266.66
November
266.66
264.8
December
264.8
273.12
Month
Open(₹)
Close(₹)
January
187.7
178.14
February
178.14
166.72
March
166.72
180.17
April
180.17
186.55
May
186.55
188.05
June
188.05
197.51
July
197.51
205.41
August
205.41
213.44
September
213.44
211.03
October
211.03
215.85
November
215.85
211.45
December
211.45
211.66
Month
Open(₹)
Close(₹)
January
188.11
196.39
February
196.39
198.3
March
198.3
193.39
April
193.39
187.93
May
187.93
191.98
June
191.98
188.44
July
188.44
189.97
August
189.97
175.41
September
175.41
178.55
October
178.55
186.44
November
186.44
187.98
December
187.98
187.7
Month
Open(₹)
Close(₹)
January
136.18
131.97
February
131.97
134.91
March
134.91
145.23
April
145.23
147.26
May
147.26
159.16
June
159.16
171.28
July
171.28
170.16
August
170.16
177.59
September
177.59
178.95
October
178.95
186.45
November
186.45
189.72
December
189.72
188.11
Month
Open(₹)
Close(₹)
January
117.08
118.97
February
118.97
113.49
March
113.49
111.89
April
111.89
113.93
May
113.93
112.69
June
112.69
110.7
July
110.7
108.92
August
108.92
112.72
September
112.72
118.67
October
118.67
130.01
November
130.01
130.66
December
130.66
136.18

What does ICICI Prudential Multi-Asset 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 Multi-Asset Fund Direct Plan Growth as on 27.09.2022 is 15.52.

Check ICICI Prudential Multi-Asset 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.