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

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

Invesco India Corporate Bond Fund Direct Quarterly Payout of Income Dist cum Capital Wtdrl NAV Today(30.09.2022)
₹1139.570.01 %
Exit Load
0%

How was the NAV for Invesco India Corporate Bond Fund Direct Quarterly 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 Quarterly Payout of Income Dist cum Capital Wtdrl NAV calculation:

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

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

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

Month
Open(₹)
Close(₹)
January
1133.13
1133.09
February
1133.09
1140.54
March
1140.54
1140.33
April
1140.33
1138.09
May
1138.09
1129.23
June
1129.23
1132.83
July
1132.83
1141.11
August
1141.11
1147.28
September
1147.28
-
Month
Open(₹)
Close(₹)
January
1151.44
1145.26
February
1145.26
1144.71
March
1144.71
1141.91
April
1141.91
1150.65
May
1150.65
1155.43
June
1155.43
1132.32
July
1132.32
1140.52
August
1140.52
1149.35
September
1149.35
1134.02
October
1134.02
1134.91
November
1134.91
1140.18
December
1140.18
1133.13
Month
Open(₹)
Close(₹)
January
1128.53
1138.15
February
1138.15
1148.19
March
1148.19
1127.62
April
1127.62
1131.23
May
1131.23
1154.3
June
1154.3
1154.72
July
1154.72
1166.81
August
1166.81
1172.49
September
1172.49
1149.7
October
1149.7
1159.96
November
1159.96
1170.84
December
1170.84
1151.44
Month
Open(₹)
Close(₹)
January
1104.28
1112.48
February
1112.48
1123.54
March
1123.54
1111.52
April
1111.52
1112.7
May
1112.7
1130.86
June
1130.86
1109.64
July
1109.64
1128.96
August
1128.96
1142.19
September
1142.19
1125.43
October
1125.43
1140.56
November
1140.56
1148.5
December
1148.5
1128.53
Month
Open(₹)
Close(₹)
January
1107.57
1102.08
February
1102.08
1102.52
March
1102.52
1102.25
April
1102.25
1095.76
May
1095.76
1094
June
1094
1101.65
July
1101.65
1113.26
August
1113.26
1117.03
September
1117.03
1094.97
October
1094.97
1102.2
November
1102.2
1115.37
December
1115.37
1104.28
Month
Open(₹)
Close(₹)
January
1088.31
1103.21
February
1103.21
1073.98
March
1073.98
1092.19
April
1092.19
1086.13
May
1086.13
1103.06
June
1103.06
1122.96
July
1122.96
1136.35
August
1136.35
1141.82
September
1141.82
1126.32
October
1126.32
1125.47
November
1125.47
1118.18
December
1118.18
1107.57
Month
Open(₹)
Close(₹)
January
1046.87
1047.64
February
1047.64
1052.72
March
1052.72
1065.91
April
1065.91
1076.19
May
1076.19
1078.34
June
1078.34
1054.23
July
1054.23
1094.51
August
1094.51
1108.77
September
1108.77
1099.43
October
1099.43
1103.17
November
1103.17
1159.71
December
1159.71
1088.31
Month
Open(₹)
Close(₹)
January
1032.1
1061.44
February
1061.44
1067.36
March
1067.36
1049.04
April
1049.04
1046.03
May
1046.03
1048.8
June
1048.8
1042
July
1042
1054.07
August
1054.07
1065.4
September
1065.4
1068.65
October
1068.65
1069.76
November
1069.76
1066.36
December
1066.36
1046.87
Month
Open(₹)
Close(₹)
January
1013.15
1018.19
February
1018.19
1016.48
March
1016.48
1025.23
April
1025.23
1033.03
May
1033.03
1048.61
June
1048.61
1000.12
July
1000.12
1004.69
August
1004.69
1010.89
September
1010.89
1018.69
October
1018.69
1026.73
November
1026.73
1038.25
December
1038.25
1032.1
Month
Open(₹)
Close(₹)
January
1014.03
1020.75
February
1020.75
1026.04
March
1026.04
1015.33
April
1015.33
1033.39
May
1033.39
1055.98
June
1055.98
1003.51
July
1003.51
987.14
August
987.14
984.21
September
984.21
998.43
October
998.43
1010.22
November
1010.22
1009.43
December
1009.43
1013.15

What does Invesco India Corporate Bond Fund Direct Quarterly 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 Quarterly Payout of Income Dist cum Capital Wtdrl as on 30.09.2022 is 6.04.

Check Invesco India Corporate Bond Fund Direct Quarterly 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.