IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt Net Asset Value

NAV details of IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt:

IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt NAV Today(01.10.2022)
₹1059.850.03 %
Exit Load
0.01%

How was the NAV for IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt 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.

IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt NAV calculation:

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

IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt NAV History

IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt NAV Monthly History

Month
Open(₹)
Close(₹)
January
1026.67
1029.71
February
1029.71
1032.63
March
1032.63
1035.89
April
1035.89
1039.02
May
1039.02
1042.41
June
1042.41
1046.54
July
1046.54
1050.68
August
1050.68
1055.55
September
1055.55
-
Month
Open(₹)
Close(₹)
January
1032.49
1034.96
February
1034.96
1037.45
March
1037.45
1001.56
April
1001.56
1004.17
May
1004.17
1006.96
June
1006.96
1009.75
July
1009.75
1012.61
August
1012.61
1015.5
September
1015.5
1018.01
October
1018.01
1020.78
November
1020.78
1023.78
December
1023.78
1026.67
Month
Open(₹)
Close(₹)
January
1464.91
1470.83
February
1470.83
1476.96
March
1476.96
1005.23
April
1005.23
1009.31
May
1009.31
1013.33
June
1013.33
1016.44
July
1016.44
1018.89
August
1018.89
1021.79
September
1021.79
1024.45
October
1024.45
1027.28
November
1027.28
1029.87
December
1029.87
1032.49
Month
Open(₹)
Close(₹)
January
1376.98
1384.85
February
1384.85
1392.2
March
1392.2
1401.06
April
1401.06
1409.09
May
1409.09
1417.24
June
1417.24
1425.05
July
1425.05
1432.75
August
1432.75
1439.35
September
1439.35
1446.26
October
1446.26
1452.81
November
1452.81
1458.85
December
1458.85
1464.91
Month
Open(₹)
Close(₹)
January
1282.02
1289.13
February
1289.13
1295.69
March
1295.69
1304.46
April
1304.46
1311.82
May
1311.82
1319.36
June
1319.36
1327.6
July
1327.6
1335.83
August
1335.83
1343.91
September
1343.91
1351.87
October
1351.87
1360.53
November
1360.53
1368.69
December
1368.69
1376.98
Month
Open(₹)
Close(₹)
January
1201.69
1208.4
February
1208.4
1214.47
March
1214.47
1221.1
April
1221.1
1227.85
May
1227.85
1234.59
June
1234.59
1240.97
July
1240.97
1248.16
August
1248.16
1254.94
September
1254.94
1261.55
October
1261.55
1268.37
November
1268.37
1274.99
December
1274.99
1282.02
Month
Open(₹)
Close(₹)
January
1115.82
1122.87
February
1122.87
1129.67
March
1129.67
1138.33
April
1138.33
1146.07
May
1146.07
1153.68
June
1153.68
1160.9
July
1160.9
1168.09
August
1168.09
1175.05
September
1175.05
1181.48
October
1181.48
1188.49
November
1188.49
1195.19
December
1195.19
1201.69
Month
Open(₹)
Close(₹)
January
1029.13
1036.51
February
1036.51
1043.2
March
1043.2
1051.04
April
1051.04
1058.53
May
1058.53
1066.33
June
1066.33
1073.5
July
1073.5
1080.56
August
1080.56
1087.92
September
1087.92
1094.92
October
1094.92
1101.98
November
1101.98
1108.73
December
1108.73
1115.82
Month
Open(₹)
Close(₹)
January
1048.19
1055.75
February
1055.75
1062.73
March
1062.73
1071.84
April
1071.84
1079.9
May
1079.9
1088.05
June
1088.05
1095.8
July
1095.8
1103.69
August
1103.69
1111.7
September
1111.7
1007.23
October
1007.23
1014.43
November
1014.43
1021.8
December
1021.8
1029.13
Month
Open(₹)
Close(₹)
June
1140.29
1000.91
July
1000.91
1006.06
August
1006.06
1015.01
September
1015.01
1023.8
October
1023.8
1032.45
November
1032.45
1040.29
December
1040.29
1048.19

What does IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt’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 IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt as on 01.10.2022 is 1.94.

Check IDFC Cash Fund Direct Plan Periodic Reinvestment of Income Distribution cum Capital Withdrawal Opt 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.