Invesco India Gilt Fund Direct Plan Annual Reinvestment of Income Dist cum Capital Wtdrl Net Asset Value

NAV details of Invesco India Gilt Fund Direct Plan Annual Reinvestment of Income Dist cum Capital Wtdrl:

Invesco India Gilt Fund Direct Plan Annual Reinvestment of Income Dist cum Capital Wtdrl NAV Today(25.09.2022)
₹1306.80.18 %
Exit Load
0%

How was the NAV for Invesco India Gilt Fund Direct Plan Annual Reinvestment 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 Gilt Fund Direct Plan Annual Reinvestment of Income Dist cum Capital Wtdrl NAV calculation:

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

Invesco India Gilt Fund Direct Plan Annual Reinvestment of Income Dist cum Capital Wtdrl NAV History

Invesco India Gilt Fund Direct Plan Annual Reinvestment of Income Dist cum Capital Wtdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1288.42
1274.9
February
1274.9
1280.94
March
1280.94
1284.51
April
1284.51
1287.74
May
1287.74
1288.44
June
1288.44
1293.63
July
1293.63
1303.91
August
1303.91
1308.49
September
1308.49
-
Month
Open(₹)
Close(₹)
January
1268.56
1252.36
February
1252.36
1245.34
March
1245.34
1254.89
April
1254.89
1262.08
May
1262.08
1265.68
June
1265.68
1265.35
July
1265.35
1262.99
August
1262.99
1274.81
September
1274.81
1280.62
October
1280.62
1277.19
November
1277.19
1289.19
December
1289.19
1288.42
Month
Open(₹)
Close(₹)
January
1164.59
1163.21
February
1163.21
1187.68
March
1187.68
1195.64
April
1195.64
1212.69
May
1212.69
1230.18
June
1230.18
1242.28
July
1242.28
1251.5
August
1251.5
1247.4
September
1247.4
1239.63
October
1239.63
1257.29
November
1257.29
1261.69
December
1261.69
1268.56
Month
Open(₹)
Close(₹)
January
1657.63
1657.63
February
1657.63
1657.63
March
1657.63
1657.63
April
1657.63
1657.63
May
1657.63
1104.55
June
1104.55
1121.01
July
1121.01
1152.97
August
1152.97
1152.62
September
1152.62
1152.01
October
1152.01
1156.13
November
1156.13
1161.64
December
1161.64
1164.59
Month
Open(₹)
Close(₹)
January
1653.77
1608.46
February
1608.46
1608.51
March
1608.51
1661.49
April
1661.49
1638.27
May
1638.27
1646.61
June
1646.61
1657.63
July
1657.63
1657.63
August
1657.63
1657.63
September
1657.63
1657.63
October
1657.63
1657.63
November
1657.63
1657.63
December
1657.63
1657.63
Month
Open(₹)
Close(₹)
January
1621.7
1649.68
February
1649.68
1620.34
March
1620.34
1646.28
April
1646.28
1636.63
May
1636.63
1666.07
June
1666.07
1690.23
July
1690.23
1705.39
August
1705.39
1709.87
September
1709.87
1692.58
October
1692.58
1691.76
November
1691.76
1678.84
December
1678.84
1653.77
Month
Open(₹)
Close(₹)
January
1382.93
1379.39
February
1379.39
1387.63
March
1387.63
1413.61
April
1413.61
1426.11
May
1426.11
1428.77
June
1428.77
1457.22
July
1457.22
1518.9
August
1518.9
1540.38
September
1540.38
1562.12
October
1562.12
1566.99
November
1566.99
1667.89
December
1667.89
1621.7
Month
Open(₹)
Close(₹)
January
1314.19
1352.48
February
1352.48
1359.77
March
1359.77
1354.4
April
1354.4
1346.98
May
1346.98
1347.91
June
1347.91
1334.2
July
1334.2
1350.63
August
1350.63
1365.21
September
1365.21
1392.82
October
1392.82
1393.64
November
1393.64
1386.74
December
1386.74
1382.93
Month
Open(₹)
Close(₹)
January
1114.95
1137.51
February
1137.51
1150.67
March
1150.67
1161.68
April
1161.68
1173.03
May
1173.03
1198.1
June
1198.1
1202.41
July
1202.41
1214.03
August
1214.03
1212.53
September
1212.53
1227.65
October
1227.65
1255.58
November
1255.58
1285.71
December
1285.71
1314.19
Month
Open(₹)
Close(₹)
January
1128.49
1139.73
February
1139.73
1151.84
March
1151.84
1123.78
April
1123.78
1143.38
May
1143.38
1175.97
June
1175.97
1159.86
July
1159.86
1129.82
August
1129.82
1103.94
September
1103.94
1110.16
October
1110.16
1127.2
November
1127.2
1117.61
December
1117.61
1114.95

What does Invesco India Gilt Fund Direct Plan Annual Reinvestment 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 Gilt Fund Direct Plan Annual Reinvestment of Income Dist cum Capital Wtdrl as on 25.09.2022 is 1.74.

Check Invesco India Gilt Fund Direct Plan Annual Reinvestment 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.