Kotak Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl Net Asset Value

NAV details of Kotak Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl:

Kotak Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl NAV Today(27.09.2022)
₹1069.38
Exit Load
0%

How was the NAV for Kotak Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl 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 Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl NAV calculation:

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

Kotak Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl NAV History

Kotak Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1081.96
1083.47
February
1083.47
1082.71
March
1082.71
1083.68
April
1083.68
1080.75
May
1080.75
1075.88
June
1075.88
1077.17
July
1077.17
1077.62
August
1077.62
1077.4
September
1077.4
-
Month
Open(₹)
Close(₹)
January
1098.83
1090.09
February
1090.09
1084.46
March
1084.46
1091.79
April
1091.79
1088.04
May
1088.04
1086.86
June
1086.86
1082.9
July
1082.9
1087.27
August
1087.27
1088.4
September
1088.4
1084.12
October
1084.12
1083.58
November
1083.58
1083.73
December
1083.73
1081.96
Month
Open(₹)
Close(₹)
January
1104.58
1104.84
February
1104.84
1101.19
March
1101.19
1101.03
April
1101.03
1102.63
May
1102.63
1106
June
1106
1130.49
July
1130.49
1097.97
August
1097.97
1099.04
September
1099.04
1099.11
October
1099.11
1100.44
November
1100.44
1101.08
December
1101.08
1098.83
Month
Open(₹)
Close(₹)
January
1106.68
1102.65
February
1102.65
1103.57
March
1103.57
1107.41
April
1107.41
1101.74
May
1101.74
1110.83
June
1110.83
1102.66
July
1102.66
1106.94
August
1106.94
1105.17
September
1105.17
1102.6
October
1102.6
1108.67
November
1108.67
1104.94
December
1104.94
1104.58
Month
Open(₹)
Close(₹)
January
1101.83
1102.7
February
1102.7
1102.74
March
1102.74
1105.19
April
1105.19
1100.94
May
1100.94
1102.72
June
1102.72
1104.71
July
1104.71
1105.2
August
1105.2
1103.25
September
1103.25
1103.74
October
1103.74
1104.24
November
1104.24
1106.69
December
1106.69
1106.68
Month
Open(₹)
Close(₹)
January
1100.84
1103.74
February
1103.74
1103.66
March
1103.66
1105.55
April
1105.55
1103.25
May
1103.25
1105.56
June
1105.56
1102.28
July
1102.28
1105.42
August
1105.42
1104.21
September
1104.21
1101.61
October
1101.61
1103.69
November
1103.69
1102.28
December
1102.28
1101.83
Month
Open(₹)
Close(₹)
January
1097.13
1077.72
February
1077.72
1076.04
March
1076.04
1083.05
April
1083.05
1085.89
May
1085.89
1088
June
1088
1088.75
July
1088.75
1093.76
August
1093.76
1094.67
September
1094.67
1095.43
October
1095.43
1100.44
November
1100.44
1108.29
December
1108.29
1100.84
Month
Open(₹)
Close(₹)
January
1027.54
1021.31
February
1021.31
1026.84
March
1026.84
1034.08
April
1034.08
1040.24
May
1040.24
1047.83
June
1047.83
1053.35
July
1053.35
1064.92
August
1064.92
1072.09
September
1072.09
1078.76
October
1078.76
1087.29
November
1087.29
1092.75
December
1092.75
1097.13
Month
Open(₹)
Close(₹)
January
1005.98
1004.24
February
1004.24
1004.06
March
1004.06
1008.29
April
1008.29
1008.17
May
1008.17
1009.05
June
1009.05
1007.81
July
1007.81
1005.24
August
1005.24
1008.51
September
1008.51
1007.48
October
1007.48
1012.32
November
1012.32
1026.33
December
1026.33
1027.54
Month
Open(₹)
Close(₹)
February
1005.94
1006.4
March
1006.4
1008.21
April
1008.21
1009.51
May
1009.51
1003.61
June
1003.61
1002.11
July
1002.11
980.15
August
980.15
984.53
September
984.53
996.27
October
996.27
1004.64
November
1004.64
1001.38
December
1001.38
1005.98

What does Kotak Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl’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 Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl as on 27.09.2022 is 6.42.

Check Kotak Corporate Bond- Direct Plan- Monthly Reinvestment of Income Distribution cum Cap Wdrl 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.