Invesco India Gilt Fund Direct Plan Quarterly Payout of Income Dist cum Capital Wtdrl Net Asset Value

NAV details of Invesco India Gilt Fund Direct Plan Quarterly Payout of Income Dist cum Capital Wtdrl:

Invesco India Gilt Fund Direct Plan Quarterly Payout of Income Dist cum Capital Wtdrl NAV Today(03.10.2022)
₹1015.650.11 %
Exit Load
0%

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

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

Invesco India Gilt Fund Direct Plan Quarterly Payout of Income Dist cum Capital Wtdrl NAV History

Invesco India Gilt Fund Direct Plan Quarterly Payout of Income Dist cum Capital Wtdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1016.88
1006.14
February
1006.14
1010.84
March
1010.84
1013.6
April
1013.6
1016.09
May
1016.09
1016.6
June
1016.6
1020.7
July
1020.7
1028.8
August
1028.8
1032.44
September
1032.44
1015.65
October
1015.65
-
Month
Open(₹)
Close(₹)
January
1024
1010.85
February
1010.85
1005.13
March
1005.13
1012.74
April
1012.74
1018.44
May
1018.44
1021.25
June
1021.25
1016.57
July
1016.57
1014.55
August
1014.55
1023.89
September
1023.89
1018.06
October
1018.06
1015.2
November
1015.2
1024.63
December
1024.63
1016.88
Month
Open(₹)
Close(₹)
January
1028.6
1027.34
February
1027.34
1048.93
March
1048.93
1048.33
April
1048.33
1063.27
May
1063.27
1078.59
June
1078.59
1089.19
July
1089.19
1097.25
August
1097.25
1093.6
September
1093.6
1018.68
October
1018.68
1033.17
November
1033.17
1036.72
December
1036.72
1024
Month
Open(₹)
Close(₹)
January
1045.08
1045.08
February
1045.08
1045.08
March
1045.08
1045.08
April
1045.08
1045.08
May
1045.08
1045.08
June
1045.08
1092.51
July
1092.51
1124.67
August
1124.67
1123.85
September
1123.85
1018.56
October
1018.56
1021.77
November
1021.77
1026.21
December
1026.21
1028.6
Month
Open(₹)
Close(₹)
January
1110.75
1080.32
February
1080.32
1080.35
March
1080.35
1045.84
April
1045.84
1031.22
May
1031.22
1036.47
June
1036.47
1031.74
July
1031.74
1045.08
August
1045.08
1045.08
September
1045.08
1045.08
October
1045.08
1045.08
November
1045.08
1045.08
December
1045.08
1045.08
Month
Open(₹)
Close(₹)
January
1145.48
1165.23
February
1165.23
1144.51
March
1144.51
1135.8
April
1135.8
1129.14
May
1129.14
1149.45
June
1149.45
1145.91
July
1145.91
1156.19
August
1156.19
1159.23
September
1159.23
1136.82
October
1136.82
1136.27
November
1136.27
1127.59
December
1127.59
1110.75
Month
Open(₹)
Close(₹)
January
1105.17
1102.35
February
1102.35
1108.93
March
1108.93
1129.11
April
1129.11
1139.09
May
1139.09
1141.22
June
1141.22
1127.98
July
1127.98
1175.72
August
1175.72
1192.35
September
1192.35
1173.9
October
1173.9
1177.56
November
1177.56
1253.39
December
1253.39
1145.48
Month
Open(₹)
Close(₹)
January
1056.87
1087.66
February
1087.66
1093.52
March
1093.52
1089.2
April
1089.2
1083.23
May
1083.23
1083.98
June
1083.98
1072.96
July
1072.96
1086.17
August
1086.17
1097.89
September
1097.89
1120.09
October
1120.09
1120.75
November
1120.75
1115.2
December
1115.2
1105.17
Month
Open(₹)
Close(₹)
January
970.48
990.12
February
990.12
1001.57
March
1001.57
1011.16
April
1011.16
1021.04
May
1021.04
1042.86
June
1042.86
1012.5
July
1012.5
1022.28
August
1022.28
1021.02
September
1021.02
1027.88
October
1027.88
1051.27
November
1051.27
1076.5
December
1076.5
1056.87
Month
Open(₹)
Close(₹)
January
1018.44
1028.82
February
1028.82
1039.71
March
1039.71
1014.22
April
1014.22
1032.23
May
1032.23
1061.65
June
1061.65
1009.57
July
1009.57
983.43
August
983.43
960.9
September
960.9
966.32
October
966.32
981.15
November
981.15
972.8
December
972.8
970.48

What does Invesco India Gilt Fund Direct Plan 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 Gilt Fund Direct Plan Quarterly Payout of Income Dist cum Capital Wtdrl as on 03.10.2022 is 3.7.

Check Invesco India Gilt Fund Direct Plan 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.