Invesco India Short Term Fund Direct Growth Net Asset Value

NAV details of Invesco India Short Term Fund Direct Growth:

Invesco India Short Term Fund Direct Growth NAV Today(04.10.2022)
₹3188.630.04 %
Exit Load
0%

How was the NAV for Invesco India Short Term Fund Direct 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 Short Term Fund Direct Growth NAV calculation:

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

Invesco India Short Term Fund Direct Growth NAV History

Invesco India Short Term Fund Direct Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
3131.61
3137.37
February
3137.37
3155.84
March
3155.84
3165.48
April
3165.48
3161.82
May
3161.82
3140.52
June
3140.52
3152.12
July
3152.12
3172.06
August
3172.06
3186.61
September
3186.61
3187.27
October
3187.27
-
Month
Open(₹)
Close(₹)
January
3028.91
3012.4
February
3012.4
3007.75
March
3007.75
3027.97
April
3027.97
3052.27
May
3052.27
3065.02
June
3065.02
3066.72
July
3066.72
3088.7
August
3088.7
3109.7
September
3109.7
3110.02
October
3110.02
3113
November
3113
3126.69
December
3126.69
3131.61
Month
Open(₹)
Close(₹)
January
2743.43
2765.14
February
2765.14
2798.53
March
2798.53
2810.17
April
2810.17
2818.13
May
2818.13
2874.89
June
2874.89
2926.69
July
2926.69
2958.99
August
2958.99
2958.43
September
2958.43
2957.81
October
2957.81
2991.63
November
2991.63
3017.73
December
3017.73
3028.91
Month
Open(₹)
Close(₹)
January
2488.35
2502.41
February
2502.41
2523.57
March
2523.57
2558.16
April
2558.16
2562.03
May
2562.03
2599.13
June
2599.13
2608.9
July
2608.9
2651.24
August
2651.24
2674.31
September
2674.31
2689.27
October
2689.27
2721.97
November
2721.97
2738.91
December
2738.91
2743.43
Month
Open(₹)
Close(₹)
January
2341.17
2342.04
February
2342.04
2350.32
March
2350.32
2380.35
April
2380.35
2375.1
May
2375.1
2375.93
June
2375.93
2390.62
July
2390.62
2414.31
August
2414.31
2425.18
September
2425.18
2425.8
October
2425.8
2440.35
November
2440.35
2466.61
December
2466.61
2488.35
Month
Open(₹)
Close(₹)
January
2216.5
2233.34
February
2233.34
2225.81
March
2225.81
2240.26
April
2240.26
2247.27
May
2247.27
2267.17
June
2267.17
2285.91
July
2285.91
2306.28
August
2306.28
2320.34
September
2320.34
2323.44
October
2323.44
2335.63
November
2335.63
2340.99
December
2340.99
2341.17
Month
Open(₹)
Close(₹)
January
2012.56
2022.36
February
2022.36
2026.26
March
2026.26
2052.11
April
2052.11
2067.58
May
2067.58
2078.06
June
2078.06
2093.86
July
2093.86
2131.52
August
2131.52
2150.19
September
2150.19
2168.62
October
2168.62
2181.35
November
2181.35
2230.64
December
2230.64
2216.5
Month
Open(₹)
Close(₹)
January
1858.88
1886.84
February
1886.84
1894.4
March
1894.4
1906.61
April
1906.61
1912.41
May
1912.41
1925.37
June
1925.37
1927.04
July
1927.04
1948.67
August
1948.67
1965.87
September
1965.87
1986.15
October
1986.15
1999.1
November
1999.1
2004.99
December
2004.99
2012.56
Month
Open(₹)
Close(₹)
January
1678.26
1686.45
February
1686.45
1696.55
March
1696.55
1715.28
April
1715.28
1729.27
May
1729.27
1748.91
June
1748.91
1760.9
July
1760.9
1770.62
August
1770.62
1780.96
September
1780.96
1796.37
October
1796.37
1819.94
November
1819.94
1844.6
December
1844.6
1858.88
Month
Open(₹)
Close(₹)
January
1562.23
1572.27
February
1572.27
1578.21
March
1578.21
1592.5
April
1592.5
1617.24
May
1617.24
1628.38
June
1628.38
1630.12
July
1630.12
1608.66
August
1608.66
1611.63
September
1611.63
1641.4
October
1641.4
1659.48
November
1659.48
1665.38
December
1665.38
1678.26

What does Invesco India Short Term Fund Direct 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 Short Term Fund Direct Growth as on 04.10.2022 is 7.59.

Check Invesco India Short Term Fund Direct Growth to get a detailed description of the total returns.

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.