IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl Net Asset Value

NAV details of IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl:

IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl NAV Today(28.09.2022)
₹45.22.61 %
Exit Load
1%

How was the NAV for IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl 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.

IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl NAV calculation:

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

IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl NAV History

IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
43.65
46.02
February
46.02
42.98
March
42.98
44.9
April
44.9
43.57
May
43.57
42.06
June
42.06
39.5
July
39.5
44.84
August
44.84
46.34
September
46.34
-
Month
Open(₹)
Close(₹)
January
37.71
38.83
February
38.83
40.83
March
40.83
39.63
April
39.63
38.95
May
38.95
42.44
June
42.44
42.37
July
42.37
43.67
August
43.67
46.39
September
46.39
46.67
October
46.67
48.14
November
48.14
44.93
December
44.93
43.65
Month
Open(₹)
Close(₹)
January
36.56
36.16
February
36.16
34.59
March
34.59
23.05
April
23.05
26.91
May
26.91
25.61
June
25.61
27.86
July
27.86
27.98
August
27.98
29.84
September
29.84
29.04
October
29.04
30.67
November
30.67
36.2
December
36.2
37.71
Month
Open(₹)
Close(₹)
January
33.05
32.3
February
32.3
29.13
March
29.13
32.38
April
32.38
32.31
May
32.31
34.06
June
34.06
34.21
July
34.21
31.3
August
31.3
31.3
September
31.3
32.84
October
32.84
34.62
November
34.62
35.83
December
35.83
36.56
Month
Open(₹)
Close(₹)
January
32.17
33.66
February
33.66
31.5
March
31.5
31.15
April
31.15
32.73
May
32.73
33.33
June
33.33
32.57
July
32.57
34.02
August
34.02
34.68
September
34.68
30.8
October
30.8
30.7
November
30.7
32.42
December
32.42
33.05
Month
Open(₹)
Close(₹)
January
21.95
24.2
February
24.2
24.94
March
24.94
26
April
26
27.33
May
27.33
28.65
June
28.65
29.35
July
29.35
31.68
August
31.68
31.29
September
31.29
30.85
October
30.85
32.08
November
32.08
31.92
December
31.92
32.17
Month
Open(₹)
Close(₹)
January
19.65
18.2
February
18.2
17.19
March
17.19
18.95
April
18.95
19.64
May
19.64
20.53
June
20.53
21.44
July
21.44
22.69
August
22.69
23.62
September
23.62
23.55
October
23.55
23.9
November
23.9
22.3
December
22.3
21.95
Month
Open(₹)
Close(₹)
January
22.85
24.91
February
24.91
24.57
March
24.57
24.14
April
24.14
23.31
May
23.31
23.84
June
23.84
24.28
July
24.28
24.76
August
24.76
21.74
September
21.74
22.8
October
22.8
23.17
November
23.17
19.53
December
19.53
19.65
Month
Open(₹)
Close(₹)
January
14.47
13.26
February
13.26
13.71
March
13.71
15.79
April
15.79
15.99
May
15.99
18.1
June
18.1
19.01
July
19.01
18.7
August
18.7
19.6
September
19.6
19.07
October
19.07
20.81
November
20.81
22.43
December
22.43
22.85
Month
Open(₹)
Close(₹)
January
18.72
18.53
February
18.53
16.97
March
16.97
16.71
April
16.71
18.08
May
18.08
15.54
June
15.54
14.81
July
14.81
12.84
August
12.84
11.6
September
11.6
12.61
October
12.61
14.59
November
14.59
13.96
December
13.96
14.47

What does IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl’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 IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl as on 28.09.2022 is 13.87.

Check IInvesco India Financial Services FundDirect Plan Payout of Income Dist cum Capital Wtdrl 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.