Invesco India Mid Cap Fund Direct Plan Growth Option Net Asset Value

NAV details of Invesco India Mid Cap Fund Direct Plan Growth Option:

Invesco India Mid Cap Fund Direct Plan Growth Option NAV Today(05.10.2022)
₹100.230.92 %
Exit Load
1%

How was the NAV for Invesco India Mid Cap Fund Direct Plan Growth Option 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 Mid Cap Fund Direct Plan Growth Option NAV calculation:

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

Invesco India Mid Cap Fund Direct Plan Growth Option NAV History

Invesco India Mid Cap Fund Direct Plan Growth Option NAV Monthly History

Month
Open(₹)
Close(₹)
January
102.57
102.05
February
102.05
94.61
March
94.61
98.89
April
98.89
97.54
May
97.54
93.7
June
93.7
88.67
July
88.67
98.73
August
98.73
101.7
September
101.7
101.16
October
101.16
-
Month
Open(₹)
Close(₹)
January
71.14
73.11
February
73.11
79.03
March
79.03
79.02
April
79.02
78.33
May
78.33
83.41
June
83.41
88.91
July
88.91
93.74
August
93.74
94.08
September
94.08
98.19
October
98.19
101.74
November
101.74
99.85
December
99.85
102.57
Month
Open(₹)
Close(₹)
January
56.01
59.25
February
59.25
58.64
March
58.64
43.31
April
43.31
49.39
May
49.39
50.46
June
50.46
52.55
July
52.55
55.63
August
55.63
58.58
September
58.58
60.84
October
60.84
59.9
November
59.9
67.43
December
67.43
71.14
Month
Open(₹)
Close(₹)
January
53.04
51.15
February
51.15
51.09
March
51.09
54.52
April
54.52
53.19
May
53.19
54.08
June
54.08
53.48
July
53.48
48.74
August
48.74
49.82
September
49.82
51.74
October
51.74
54.77
November
54.77
55.02
December
55.02
56.01
Month
Open(₹)
Close(₹)
January
55.04
53.99
February
53.99
51.71
March
51.71
50.36
April
50.36
54.03
May
54.03
51.61
June
51.61
50.54
July
50.54
53.79
August
53.79
56.86
September
56.86
50.93
October
50.93
51.25
November
51.25
51.58
December
51.58
53.04
Month
Open(₹)
Close(₹)
January
37.52
40.9
February
40.9
42.07
March
42.07
44.02
April
44.02
46.3
May
46.3
45.85
June
45.85
45.51
July
45.51
47.5
August
47.5
47.81
September
47.81
47.63
October
47.63
51.34
November
51.34
52.33
December
52.33
55.04
Month
Open(₹)
Close(₹)
January
36.7
34.46
February
34.46
31.6
March
31.6
33.57
April
33.57
34.84
May
34.84
35.86
June
35.86
37.58
July
37.58
39.11
August
39.11
39.84
September
39.84
40.42
October
40.42
41.62
November
41.62
38.61
December
38.61
37.52
Month
Open(₹)
Close(₹)
January
33.63
34.69
February
34.69
36
March
36
36.41
April
36.41
34.57
May
34.57
35.61
June
35.61
35.89
July
35.89
37.37
August
37.37
34.56
September
34.56
35.11
October
35.11
35.73
November
35.73
35.77
December
35.77
36.7
Month
Open(₹)
Close(₹)
January
18.76
17.76
February
17.76
18.55
March
18.55
20.56
April
20.56
21.02
May
21.02
24.44
June
24.44
26.82
July
26.82
26.51
August
26.51
28.7
September
28.7
29.62
October
29.62
30.54
November
30.54
32.74
December
32.74
33.63
Month
Open(₹)
Close(₹)
January
17.65
17.3
February
17.3
16.13
March
16.13
15.89
April
15.89
16.26
May
16.26
16.7
June
16.7
16.1
July
16.1
14.86
August
14.86
14.21
September
14.21
15.28
October
15.28
17.23
November
17.23
17.51
December
17.51
18.76

What does Invesco India Mid Cap Fund Direct Plan Growth Option’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 Mid Cap Fund Direct Plan Growth Option as on 05.10.2022 is 19.49.

Check Invesco India Mid Cap Fund Direct Plan Growth Option 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.