Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl Net Asset Value

NAV details of Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl:

Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl NAV Today(07.10.2022)
₹1208.930.04 %
Exit Load
0%

How was the NAV for Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl 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.

Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl NAV calculation:

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

Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl NAV History

Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1208.93
1208.74
February
1208.74
1208.93
March
1208.93
1208.93
April
1208.93
1208.93
May
1208.93
1208.03
June
1208.03
1208.93
July
1208.93
1208.93
August
1208.93
1208.93
September
1208.93
1208.93
October
1208.93
-
Month
Open(₹)
Close(₹)
January
1208.93
1207.82
February
1207.82
1208.93
March
1208.93
1208.93
April
1208.93
1208.93
May
1208.93
1208.93
June
1208.93
1208.93
July
1208.93
1208.93
August
1208.93
1208.93
September
1208.93
1208.93
October
1208.93
1208.93
November
1208.93
1208.93
December
1208.93
1208.93
Month
Open(₹)
Close(₹)
January
1207.34
1208.93
February
1208.93
1208.6
March
1208.6
1208.93
April
1208.93
1204.88
May
1204.88
1208.93
June
1208.93
1208.93
July
1208.93
1208.93
August
1208.93
1208.93
September
1208.93
1208.93
October
1208.93
1208.88
November
1208.88
1208.93
December
1208.93
1208.93
Month
Open(₹)
Close(₹)
January
1224.02
1223.01
February
1223.01
1224.02
March
1224.02
1224.5
April
1224.5
1224.02
May
1224.02
1224.02
June
1224.02
1208.93
July
1208.93
1208.93
August
1208.93
1208.93
September
1208.93
1208.93
October
1208.93
1208.93
November
1208.93
1208.93
December
1208.93
1207.34
Month
Open(₹)
Close(₹)
January
1224.02
1223.54
February
1223.54
1224.02
March
1224.02
1224.02
April
1224.02
1223.4
May
1223.4
1223.85
June
1223.85
1224.02
July
1224.02
1224.02
August
1224.02
1224.02
September
1224.02
1224.02
October
1224.02
1224.02
November
1224.02
1224.02
December
1224.02
1224.02
Month
Open(₹)
Close(₹)
January
1222.15
1222.6
February
1222.6
1222.12
March
1222.12
1222.44
April
1222.44
1222.48
May
1222.48
1222.84
June
1222.84
1223.19
July
1223.19
1223.64
August
1223.64
1224.01
September
1224.01
1223.66
October
1223.66
1224
November
1224
1224.02
December
1224.02
1224.02
Month
Open(₹)
Close(₹)
January
1205.35
1211.6
February
1211.6
1218.12
March
1218.12
1222.56
April
1222.56
1222.9
May
1222.9
1223.27
June
1223.27
1223.45
July
1223.45
1223.84
August
1223.84
1224.16
September
1224.16
1224.25
October
1224.25
1224.61
November
1224.61
1224.31
December
1224.31
1222.15
Month
Open(₹)
Close(₹)
January
1118.05
1124.81
February
1124.81
1130.89
March
1130.89
1140.02
April
1140.02
1146.79
May
1146.79
1154.93
June
1154.93
1162.22
July
1162.22
1169.78
August
1169.78
1177.4
September
1177.4
1185.39
October
1185.39
1191.49
November
1191.49
1198.47
December
1198.47
1205.35
Month
Open(₹)
Close(₹)
January
1027.95
1034.85
February
1034.85
1041.29
March
1041.29
1049.03
April
1049.03
1057.12
May
1057.12
1065.09
June
1065.09
1072.54
July
1072.54
1079.95
August
1079.95
1087.66
September
1087.66
1095.25
October
1095.25
1103.1
November
1103.1
1110.82
December
1110.82
1118.05
Month
Open(₹)
Close(₹)
November
1013.94
1020.28
December
1020.28
1027.95

What does Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl 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 Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl as on 07.10.2022 is 5.66.

Check Mirae Asset Savings Fund Direct Plan Daily Reinvestment of Income Dis cum cptl 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.