Kotak Money Market Direct Growth Net Asset Value

NAV details of Kotak Money Market Direct Growth:

Kotak Money Market Direct Growth NAV Today(06.10.2022)
₹3702.820.03 %
Exit Load
0%

How was the NAV for Kotak Money Market 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 Money Market Direct Growth NAV calculation:

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

Kotak Money Market Direct Growth NAV History

Kotak Money Market Direct Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
3582.27
3593.9
February
3593.9
3605.52
March
3605.52
3620.71
April
3620.71
3632.54
May
3632.54
3637.49
June
3637.49
3653.13
July
3653.13
3669.51
August
3669.51
3686.88
September
3686.88
3698.96
October
3698.96
-
Month
Open(₹)
Close(₹)
January
3452.7
3459.82
February
3459.82
3470.33
March
3470.33
3483.8
April
3483.8
3495.23
May
3495.23
3505.31
June
3505.31
3515.94
July
3515.94
3527.98
August
3527.98
3541.24
September
3541.24
3550.28
October
3550.28
3558.97
November
3558.97
3571.23
December
3571.23
3582.27
Month
Open(₹)
Close(₹)
January
3264.72
3280.56
February
3280.56
3295.27
March
3295.27
3313.08
April
3313.08
3334.14
May
3334.14
3361.21
June
3361.21
3377.88
July
3377.88
3394.12
August
3394.12
3405.45
September
3405.45
3416
October
3416
3430.5
November
3430.5
3442.74
December
3442.74
3452.7
Month
Open(₹)
Close(₹)
January
3020.77
3042.7
February
3042.7
3061.33
March
3061.33
3085.32
April
3085.32
3102.2
May
3102.2
3127.97
June
3127.97
3146.01
July
3146.01
3172.95
August
3172.95
3193.59
September
3193.59
3211.73
October
3211.73
3234.09
November
3234.09
3250.37
December
3250.37
3264.72
Month
Open(₹)
Close(₹)
January
2803.16
2818.7
February
2818.7
2833.2
March
2833.2
2850.36
April
2850.36
2868.38
May
2868.38
2884.41
June
2884.41
2901.82
July
2901.82
2920.5
August
2920.5
2938.92
September
2938.92
2955.88
October
2955.88
2975.41
November
2975.41
2996.08
December
2996.08
3020.77
Month
Open(₹)
Close(₹)
January
2626.33
2641.08
February
2641.08
2654.54
March
2654.54
2669.38
April
2669.38
2684.18
May
2684.18
2699.09
June
2699.09
2713.15
July
2713.15
2728.9
August
2728.9
2743.84
September
2743.84
2757.39
October
2757.39
2773.37
November
2773.37
2787.44
December
2787.44
2803.16
Month
Open(₹)
Close(₹)
January
2437.19
2452.67
February
2452.67
2467.73
March
2467.73
2486.33
April
2486.33
2503.67
May
2503.67
2520.41
June
2520.41
2536.35
July
2536.35
2552.22
August
2552.22
2567.46
September
2567.46
2581.76
October
2581.76
2597.2
November
2597.2
2611.99
December
2611.99
2626.33
Month
Open(₹)
Close(₹)
January
2246.46
2262.55
February
2262.55
2277.21
March
2277.21
2295.33
April
2295.33
2310.95
May
2310.95
2328.13
June
2328.13
2343.96
July
2343.96
2359.43
August
2359.43
2375.67
September
2375.67
2390.88
October
2390.88
2406.54
November
2406.54
2421.48
December
2421.48
2437.19
Month
Open(₹)
Close(₹)
January
2058.05
2072.94
February
2072.94
2086.77
March
2086.77
2104.35
April
2104.35
2120.31
May
2120.31
2136.29
June
2136.29
2151.58
July
2151.58
2167.22
August
2167.22
2182.95
September
2182.95
2198.59
October
2198.59
2214.32
November
2214.32
2230.41
December
2230.41
2246.46
Month
Open(₹)
Close(₹)
January
1882.09
1895.71
February
1895.71
1908.33
March
1908.33
1923.31
April
1923.31
1937.19
May
1937.19
1950.71
June
1950.71
1964.32
July
1964.32
1973.78
August
1973.78
1992.17
September
1992.17
2009.74
October
2009.74
2026.96
November
2026.96
2042.41
December
2042.41
2058.05

What does Kotak Money Market 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 Money Market Direct Growth as on 06.10.2022 is 7.18.

Check Kotak Money Market 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.