IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution cum Cap Wdrl Net Asset Value

NAV details of IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution cum Cap Wdrl:

IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution cum Cap Wdrl NAV Today(25.09.2022)
₹1096.2
Exit Load
0%

How was the NAV for IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution 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.

IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution cum Cap Wdrl NAV calculation:

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

IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution cum Cap Wdrl NAV History

IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1091.28
1091.29
February
1091.29
1092.44
March
1092.44
1092.86
April
1092.86
1093.43
May
1093.43
1093.52
June
1093.52
1094.63
July
1094.63
1095.44
August
1095.44
1096
September
1096
-
Month
Open(₹)
Close(₹)
January
1084.48
1084.89
February
1084.89
1085.68
March
1085.68
1085.73
April
1085.73
1086.63
May
1086.63
1087.75
June
1087.75
1088.52
July
1088.52
1088.91
August
1088.91
1089.64
September
1089.64
1096.24
October
1096.24
1090.47
November
1090.47
1090.63
December
1090.63
1091.28
Month
Open(₹)
Close(₹)
January
1074.76
1075.6
February
1075.6
1075.85
March
1075.85
1076.77
April
1076.77
1072.83
May
1072.83
1077.75
June
1077.75
1079.03
July
1079.03
1080.6
August
1080.6
1081.34
September
1081.34
1082.21
October
1082.21
1082.93
November
1082.93
1084.4
December
1084.4
1084.48
Month
Open(₹)
Close(₹)
January
1066.15
1067.13
February
1067.13
1068.81
March
1068.81
1070.96
April
1070.96
1071.13
May
1071.13
1057.37
June
1057.37
1033.06
July
1033.06
1040.77
August
1040.77
1045.57
September
1045.57
1071.3
October
1071.3
1073.36
November
1073.36
1074.82
December
1074.82
1074.76
Month
Open(₹)
Close(₹)
January
1056.25
1055.63
February
1055.63
1056.46
March
1056.46
1058.69
April
1058.69
1058.69
May
1058.69
1059.9
June
1059.9
1060.94
July
1060.94
1061.75
August
1061.75
1062.65
September
1062.65
1064.55
October
1064.55
1063.81
November
1063.81
1065.57
December
1065.57
1066.15
Month
Open(₹)
Close(₹)
January
1046.1
1046.59
February
1046.59
1046.9
March
1046.9
1048.88
April
1048.88
1049.18
May
1049.18
1050.24
June
1050.24
1050.91
July
1050.91
1051.88
August
1051.88
1053.68
September
1053.68
1054.18
October
1054.18
1054.39
November
1054.39
1054.82
December
1054.82
1056.25
Month
Open(₹)
Close(₹)
January
1032.54
1033.25
February
1033.25
1033.32
March
1033.32
1038.08
April
1038.08
1036.51
May
1036.51
1037.47
June
1037.47
1039.19
July
1039.19
1042.09
August
1042.09
1041.7
September
1041.7
1043.26
October
1043.26
1044.51
November
1044.51
1046.1
December
1046.1
1046.1
Month
Open(₹)
Close(₹)
January
1020.14
1019.78
February
1019.78
1020.17
March
1020.17
1020.94
April
1020.94
1021.91
May
1021.91
1024.61
June
1024.61
1024.24
July
1024.24
1025.75
August
1025.75
1026.35
September
1026.35
1029.96
October
1029.96
1030.36
November
1030.36
1030.91
December
1030.91
1032.54
Month
Open(₹)
Close(₹)
January
1045.78
1052.88
February
1052.88
1032.74
March
1032.74
1033.5
April
1033.5
1011.78
May
1011.78
1012.38
June
1012.38
1013.04
July
1013.04
1012.24
August
1012.24
1012.96
September
1012.96
1012.32
October
1012.32
1016.63
November
1016.63
1020.26
December
1020.26
1020.14
Month
Open(₹)
Close(₹)
January
1003.15
1003.2
February
1003.2
1003.44
March
1003.44
1005.21
April
1005.21
1002.83
May
1002.83
1003.26
June
1003.26
1003.98
July
1003.98
1001.71
August
1001.71
1008.21
September
1008.21
1021.21
October
1021.21
1030.43
November
1030.43
1036.84
December
1036.84
1045.78

What does IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution 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 IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution cum Cap Wdrl as on 25.09.2022 is 5.77.

Check IDBI Ultra Short Term Fund Direct Weekly Payout of Income Distribution 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.