Mirae Asset Savings Fund Direct Plan Monthly Payout of Income Dis cum cptl wdrl Net Asset Value

NAV details of Mirae Asset Savings Fund Direct Plan Monthly Payout of Income Dis cum cptl wdrl:

Mirae Asset Savings Fund Direct Plan Monthly Payout of Income Dis cum cptl wdrl NAV Today(02.10.2022)
₹1160.830.06 %
Exit Load
0%

How was the NAV for Mirae Asset Savings Fund Direct Plan Monthly Payout 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 Monthly Payout of Income Dis cum cptl wdrl NAV calculation:

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

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

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

Month
Open(₹)
Close(₹)
January
1160.66
1160.06
February
1160.06
1159.88
March
1159.88
1160.96
April
1160.96
1160.02
May
1160.02
1159.62
June
1159.62
1161.37
July
1161.37
1161.05
August
1161.05
1161.19
September
1161.19
-
Month
Open(₹)
Close(₹)
January
1161
1159.7
February
1159.7
1160.15
March
1160.15
1161.08
April
1161.08
1160.58
May
1160.58
1160.29
June
1160.29
1160.05
July
1160.05
1160.15
August
1160.15
1160.98
September
1160.98
1159.94
October
1159.94
1159.78
November
1159.78
1160.47
December
1160.47
1160.66
Month
Open(₹)
Close(₹)
January
1160.11
1161.06
February
1161.06
1160.16
March
1160.16
1164.22
April
1164.22
1157.47
May
1157.47
1160.67
June
1160.67
1162.92
July
1162.92
1160.43
August
1160.43
1162.18
September
1162.18
1160.88
October
1160.88
1159.69
November
1159.69
1160.68
December
1160.68
1161
Month
Open(₹)
Close(₹)
January
1173.1
1170.7
February
1170.7
1171.04
March
1171.04
1173.44
April
1173.44
1171.22
May
1171.22
1172.9
June
1172.9
1160.75
July
1160.75
1162.45
August
1162.45
1160.71
September
1160.71
1160.92
October
1160.92
1162.48
November
1162.48
1160.52
December
1160.52
1160.11
Month
Open(₹)
Close(₹)
January
1171.76
1171.01
February
1171.01
1170.63
March
1170.63
1172.81
April
1172.81
1170.01
May
1170.01
1172.5
June
1172.5
1171.03
July
1171.03
1172.41
August
1172.41
1171.5
September
1171.5
1172.83
October
1172.83
1171.41
November
1171.41
1171.9
December
1171.9
1173.1
Month
Open(₹)
Close(₹)
January
1108.67
1116.82
February
1116.82
1121.28
March
1121.28
1127.39
April
1127.39
1132.5
May
1132.5
1139.27
June
1139.27
1145.82
July
1145.82
1154.06
August
1154.06
1161.07
September
1161.07
1165.11
October
1165.11
1171.57
November
1171.57
1171.3
December
1171.3
1171.76
Month
Open(₹)
Close(₹)
January
1032.74
1038.1
February
1038.1
1043.68
March
1043.68
1051.68
April
1051.68
1057.6
May
1057.6
1064.08
June
1064.08
1070.28
July
1070.28
1077.16
August
1077.16
1082.91
September
1082.91
1089.04
October
1089.04
1096.06
November
1096.06
1106.32
December
1106.32
1108.67
Month
Open(₹)
Close(₹)
January
1153.34
1153.34
February
1153.34
1153.34
March
1153.34
1153.34
April
1153.34
1153.34
May
1153.34
1153.34
June
1153.34
1153.34
July
1153.34
1002.34
August
1002.34
1008.86
September
1008.86
1015.7
October
1015.7
1020.91
November
1020.91
1026.9
December
1026.9
1032.74
Month
Open(₹)
Close(₹)
January
1102.83
1110.23
February
1110.23
1117.15
March
1117.15
1125.45
April
1125.45
1134.13
May
1134.13
1142.69
June
1142.69
1150.69
July
1150.69
1153.34
August
1153.34
1153.34
September
1153.34
1153.34
October
1153.34
1153.34
November
1153.34
1153.34
December
1153.34
1153.34
Month
Open(₹)
Close(₹)
January
1015.38
1022.26
February
1022.26
1028.52
March
1028.52
1035.59
April
1035.59
1043.62
May
1043.62
1050.19
June
1050.19
1055.76
July
1055.76
1062.96
August
1062.96
1070.9
September
1070.9
1079.86
October
1079.86
1087.8
November
1087.8
1094.61
December
1094.61
1102.83

What does Mirae Asset Savings Fund Direct Plan Monthly Payout 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 Monthly Payout of Income Dis cum cptl wdrl as on 02.10.2022 is 5.39.

Check Mirae Asset Savings Fund Direct Plan Monthly Payout 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.