Invesco India Corporate Bond Fund Direct Discretionary Payout of Income Dist cum Capital Wtdrl Net Asset Value

NAV details of Invesco India Corporate Bond Fund Direct Discretionary Payout of Income Dist cum Capital Wtdrl:

Invesco India Corporate Bond Fund Direct Discretionary Payout of Income Dist cum Capital Wtdrl NAV Today(04.10.2022)
₹2750.670.03 %
Exit Load
0%

How was the NAV for Invesco India Corporate Bond Fund Direct Discretionary 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.

Invesco India Corporate Bond Fund Direct Discretionary Payout of Income Dist cum Capital Wtdrl NAV calculation:

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

Invesco India Corporate Bond Fund Direct Discretionary Payout of Income Dist cum Capital Wtdrl NAV History

Invesco India Corporate Bond Fund Direct Discretionary Payout of Income Dist cum Capital Wtdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
2708.32
2708.23
February
2708.23
2726.03
March
2726.03
2735.83
April
2735.83
2730.44
May
2730.44
2709.2
June
2709.2
2717.83
July
2717.83
2737.69
August
2737.69
2752.51
September
2752.51
2749.76
October
2749.76
-
Month
Open(₹)
Close(₹)
January
2610.28
2596.29
February
2596.29
2595.04
March
2595.04
2615.7
April
2615.7
2635.64
May
2635.64
2646.59
June
2646.59
2648.23
July
2648.23
2667.41
August
2667.41
2688.06
September
2688.06
2689.38
October
2689.38
2691.51
November
2691.51
2703.99
December
2703.99
2708.32
Month
Open(₹)
Close(₹)
January
2361.51
2381.66
February
2381.66
2403.18
March
2403.18
2408.24
April
2408.24
2416.03
May
2416.03
2465.31
June
2465.31
2509.79
July
2509.79
2536.06
August
2536.06
2548.42
September
2548.42
2555.58
October
2555.58
2578.38
November
2578.38
2602.56
December
2602.56
2610.28
Month
Open(₹)
Close(₹)
January
2115.36
2131.1
February
2131.1
2152.3
March
2152.3
2189.35
April
2189.35
2191.67
May
2191.67
2227.59
June
2227.59
2230.38
July
2230.38
2269.17
August
2269.17
2295.77
September
2295.77
2309.87
October
2309.87
2340.69
November
2340.69
2356.99
December
2356.99
2361.51
Month
Open(₹)
Close(₹)
January
1572.42
1572.42
February
1572.42
2011.23
March
2011.23
2033.57
April
2033.57
2021.59
May
2021.59
2018.28
June
2018.28
2032.39
July
2032.39
2053.81
August
2053.81
2060.77
September
2060.77
2055.9
October
2055.9
2069.47
November
2069.47
2094.2
December
2094.2
2115.36
Month
Open(₹)
Close(₹)
January
1588.31
1610.13
February
1610.13
1567.52
March
1567.52
1572.42
April
1572.42
1572.42
May
1572.42
1572.42
June
1572.42
1572.42
July
1572.42
1572.42
August
1572.42
1572.42
September
1572.42
1572.42
October
1572.42
1572.42
November
1572.42
1572.42
December
1572.42
1572.42
Month
Open(₹)
Close(₹)
January
1378.75
1379.77
February
1379.77
1386.46
March
1386.46
1415.42
April
1415.42
1429.07
May
1429.07
1431.91
June
1431.91
1455.88
July
1455.88
1511.51
August
1511.51
1531.21
September
1531.21
1552.31
October
1552.31
1557.65
November
1557.65
1637.5
December
1637.5
1588.31
Month
Open(₹)
Close(₹)
January
1230.21
1265.19
February
1265.19
1272.29
March
1272.29
1310.53
April
1310.53
1325.18
May
1325.18
1328.77
June
1328.77
1320.22
July
1320.22
1335.59
August
1335.59
1350.02
September
1350.02
1375.7
October
1375.7
1384.78
November
1384.78
1380.38
December
1380.38
1378.75
Month
Open(₹)
Close(₹)
January
1078.39
1085.58
February
1085.58
1083.74
March
1083.74
1093.02
April
1093.02
1137.76
May
1137.76
1154.89
June
1154.89
1164.22
July
1164.22
1169.48
August
1169.48
1176.55
September
1176.55
1185.57
October
1185.57
1194.95
November
1194.95
1208.38
December
1208.38
1230.21
Month
Open(₹)
Close(₹)
January
1018.77
1025.52
February
1025.52
1030.84
March
1030.84
1035.63
April
1035.63
1054.05
May
1054.05
1077.1
June
1077.1
1068.03
July
1068.03
1050.62
August
1050.62
1047.52
September
1047.52
1062.68
October
1062.68
1075.24
November
1075.24
1074.41
December
1074.41
1078.39

What does Invesco India Corporate Bond Fund Direct Discretionary 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 Invesco India Corporate Bond Fund Direct Discretionary Payout of Income Dist cum Capital Wtdrl as on 04.10.2022 is 7.

Check Invesco India Corporate Bond Fund Direct Discretionary 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.