Invesco India Liquid Fund Direct Plan Growth Net Asset Value

NAV details of Invesco India Liquid Fund Direct Plan Growth:

Invesco India Liquid Fund Direct Plan Growth NAV Today(29.09.2022)
₹2988.95
Exit Load
0.01%

How was the NAV for Invesco India Liquid Fund Direct Plan Growth 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 Liquid Fund Direct Plan Growth NAV calculation:

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

Invesco India Liquid Fund Direct Plan Growth NAV History

Invesco India Liquid Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
2897.72
2905.96
February
2905.96
2914.18
March
2914.18
2923.59
April
2923.59
2932.26
May
2932.26
2941.71
June
2941.71
2953.27
July
2953.27
2964.94
August
2964.94
2978.65
September
2978.65
-
Month
Open(₹)
Close(₹)
January
2804.33
2811.36
February
2811.36
2818.34
March
2818.34
2826.31
April
2826.31
2833.4
May
2833.4
2841.27
June
2841.27
2849.22
July
2849.22
2857.28
August
2857.28
2865.7
September
2865.7
2872.52
October
2872.52
2880.34
November
2880.34
2889.27
December
2889.27
2897.72
Month
Open(₹)
Close(₹)
January
2692.6
2703.56
February
2703.56
2714.71
March
2714.71
2728.58
April
2728.58
2740.12
May
2740.12
2751.44
June
2751.44
2759.96
July
2759.96
2766.83
August
2766.83
2774.92
September
2774.92
2782.19
October
2782.19
2789.98
November
2789.98
2797.27
December
2797.27
2804.33
Month
Open(₹)
Close(₹)
January
2527.69
2542.71
February
2542.71
2556.78
March
2556.78
2572.94
April
2572.94
2587.87
May
2587.87
2603.35
June
2603.35
2618.07
July
2618.07
2632.53
August
2632.53
2644.97
September
2644.97
2656.61
October
2656.61
2669.85
November
2669.85
2681.29
December
2681.29
2692.6
Month
Open(₹)
Close(₹)
January
2351.31
2364.44
February
2364.44
2376.61
March
2376.61
2392.53
April
2392.53
2406.1
May
2406.1
2420.07
June
2420.07
2435.27
July
2435.27
2450.51
August
2450.51
2465.34
September
2465.34
2479.99
October
2479.99
2495.88
November
2495.88
2511.66
December
2511.66
2527.69
Month
Open(₹)
Close(₹)
January
2202.49
2214.82
February
2214.82
2226.19
March
2226.19
2238.68
April
2238.68
2251.14
May
2251.14
2263.77
June
2263.77
2275.68
July
2275.68
2288.95
August
2288.95
2301.49
September
2301.49
2313.71
October
2313.71
2326.25
November
2326.25
2338.43
December
2338.43
2351.31
Month
Open(₹)
Close(₹)
January
2044.49
2057.47
February
2057.47
2069.94
March
2069.94
2085.11
April
2085.11
2099.76
May
2099.76
2113.89
June
2113.89
2127.36
July
2127.36
2140.58
August
2140.58
2153.4
September
2153.4
2165.28
October
2165.28
2178.2
November
2178.2
2190.57
December
2190.57
2202.49
Month
Open(₹)
Close(₹)
January
1884.91
1898.52
February
1898.52
1910.81
March
1910.81
1924.99
April
1924.99
1938.66
May
1938.66
1953.05
June
1953.05
1966.24
July
1966.24
1979.25
August
1979.25
1992.85
September
1992.85
2005.81
October
2005.81
2018.82
November
2018.82
2031.35
December
2031.35
2044.49
Month
Open(₹)
Close(₹)
January
1726.39
1738.91
February
1738.91
1750.49
March
1750.49
1765.31
April
1765.31
1778.69
May
1778.69
1792.15
June
1792.15
1804.97
July
1804.97
1818.15
August
1818.15
1831.4
September
1831.4
1844.53
October
1844.53
1857.82
November
1857.82
1871.37
December
1871.37
1884.91
Month
Open(₹)
Close(₹)
January
1579.5
1590.94
February
1590.94
1601.16
March
1601.16
1613.4
April
1613.4
1625.03
May
1625.03
1636.29
June
1636.29
1647.72
July
1647.72
1655.32
August
1655.32
1670.53
September
1670.53
1685.57
October
1685.57
1700.16
November
1700.16
1713.18
December
1713.18
1726.39

What does Invesco India Liquid Fund Direct Plan Growth’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 Liquid Fund Direct Plan Growth as on 29.09.2022 is 6.77.

Check Invesco India Liquid Fund Direct Plan Growth 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.