Kotak Bluechip Direct Growth Net Asset Value

NAV details of Kotak Bluechip Direct Growth:

Kotak Bluechip Direct Growth NAV Today(29.09.2022)
₹403.832.09 %
Exit Load
1%

How was the NAV for Kotak Bluechip 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.

Kotak Bluechip Direct Growth NAV calculation:

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

Kotak Bluechip Direct Growth NAV History

Kotak Bluechip Direct Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
413.82
416.89
February
416.89
393.05
March
393.05
411.92
April
411.92
399.88
May
399.88
389.82
June
389.82
373.77
July
373.77
409.08
August
409.08
418.46
September
418.46
-
Month
Open(₹)
Close(₹)
January
320.86
328.45
February
328.45
341.99
March
341.99
346.44
April
346.44
341.39
May
341.39
362.61
June
362.61
373.11
July
373.11
379.03
August
379.03
406.11
September
406.11
414.94
October
414.94
424.52
November
424.52
408.7
December
408.7
413.82
Month
Open(₹)
Close(₹)
January
272.32
272
February
272
256.36
March
256.36
191.1
April
191.1
224.16
May
224.16
224.01
June
224.01
238.68
July
238.68
254.37
August
254.37
262.87
September
262.87
265.74
October
265.74
270.2
November
270.2
301.17
December
301.17
320.86
Month
Open(₹)
Close(₹)
January
236.01
233.55
February
233.55
234.55
March
234.55
250.75
April
250.75
252.09
May
252.09
256.88
June
256.88
255.37
July
255.37
237.56
August
237.56
241.17
September
241.17
251.63
October
251.63
264.01
November
264.01
268.8
December
268.8
272.32
Month
Open(₹)
Close(₹)
January
236.48
244.96
February
244.96
232.22
March
232.22
226.61
April
226.61
238.17
May
238.17
235.08
June
235.08
232.68
July
232.68
248.47
August
248.47
254.51
September
254.51
234.72
October
234.72
222.78
November
222.78
233.1
December
233.1
236.01
Month
Open(₹)
Close(₹)
January
181.71
194.19
February
194.19
199.72
March
199.72
204.85
April
204.85
210.63
May
210.63
215.73
June
215.73
214.65
July
214.65
225.24
August
225.24
222.93
September
222.93
219.06
October
219.06
232.03
November
232.03
227.91
December
227.91
236.48
Month
Open(₹)
Close(₹)
January
174.74
165.14
February
165.14
158.15
March
158.15
169.98
April
169.98
173.38
May
173.38
180.04
June
180.04
184.89
July
184.89
192.17
August
192.17
194.91
September
194.91
193.51
October
193.51
193.63
November
193.63
183.13
December
183.13
181.71
Month
Open(₹)
Close(₹)
January
165.79
178.9
February
178.9
180.64
March
180.64
177.88
April
177.88
170.6
May
170.6
176.41
June
176.41
177.75
July
177.75
183.06
August
183.06
168.47
September
168.47
174.23
October
174.23
175.97
November
175.97
174.95
December
174.95
174.74
Month
Open(₹)
Close(₹)
January
115.68
112.19
February
112.19
116.18
March
116.18
123.25
April
123.25
123.5
May
123.5
133.77
June
133.77
143.97
July
143.97
142.32
August
142.32
153.36
September
153.36
152.64
October
152.64
161.42
November
161.42
167.53
December
167.53
165.79
Month
Open(₹)
Close(₹)
January
111.1
113.89
February
113.89
107.86
March
107.86
107.26
April
107.26
112.09
May
112.09
111.62
June
111.62
110
July
110
103.77
August
103.77
98.47
September
98.47
104.31
October
104.31
116.96
November
116.96
113.38
December
113.38
115.68

What does Kotak Bluechip 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 Kotak Bluechip Direct Growth as on 29.09.2022 is 14.18.

Check Kotak Bluechip Direct 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.