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

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

Mirae Asset Savings Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl NAV Today(04.10.2022)
₹1013.240.06 %
Exit Load
0%

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

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

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

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

Month
Open(₹)
Close(₹)
January
1010.87
1002.67
February
1002.67
1005.82
March
1005.82
1009.81
April
1009.81
1003.14
May
1003.14
1002.8
June
1002.8
1006.89
July
1006.89
1004.59
August
1004.59
1010.03
September
1010.03
1012.58
October
1012.58
-
Month
Open(₹)
Close(₹)
January
1018.56
1019.01
February
1019.01
1021.43
March
1021.43
1026.04
April
1026.04
1030.74
May
1030.74
1034.12
June
1034.12
1036.62
July
1036.62
1016.29
August
1016.29
1021.02
September
1021.02
1022.57
October
1022.57
1004.72
November
1004.72
1008.25
December
1008.25
1010.87
Month
Open(₹)
Close(₹)
January
1019.82
1006.88
February
1006.88
1013.19
March
1013.19
1016.77
April
1016.77
1006.79
May
1006.79
1018.54
June
1018.54
1027.24
July
1027.24
1018.47
August
1018.47
1022.8
September
1022.8
1026.4
October
1026.4
1010.04
November
1010.04
1015.85
December
1015.85
1018.56
Month
Open(₹)
Close(₹)
January
1059.89
1037.4
February
1037.4
1043.96
March
1043.96
1053.98
April
1053.98
1018.91
May
1018.91
1027.81
June
1027.81
1020.67
July
1020.67
1015.72
August
1015.72
1022.86
September
1022.86
1027.07
October
1027.07
1015.39
November
1015.39
1020.18
December
1020.18
1019.82
Month
Open(₹)
Close(₹)
January
1056.6
1042.52
February
1042.52
1047.58
March
1047.58
1056.42
April
1056.42
1041.18
May
1041.18
1046.07
June
1046.07
1052.8
July
1052.8
1044.41
August
1044.41
1050.44
September
1050.44
1053.38
October
1053.38
1042.28
November
1042.28
1050.8
December
1050.8
1059.89
Month
Open(₹)
Close(₹)
January
1060.47
1068.28
February
1068.28
1072.52
March
1072.52
1078.37
April
1078.37
1047.72
May
1047.72
1053.99
June
1053.99
1060.01
July
1060.01
1050.12
August
1050.12
1056.5
September
1056.5
1060.18
October
1060.18
1048.96
November
1048.96
1053.13
December
1053.13
1056.6
Month
Open(₹)
Close(₹)
January
1057.59
1045.51
February
1045.51
1051.14
March
1051.14
1059.19
April
1059.19
1045.77
May
1045.77
1052.17
June
1052.17
1058.36
July
1058.36
1046.85
August
1046.85
1052.44
September
1052.44
1058.39
October
1058.39
1046.63
November
1046.63
1058.23
December
1058.23
1060.47
Month
Open(₹)
Close(₹)
January
1061.9
1046.5
February
1046.5
1052.16
March
1052.16
1060.66
April
1060.66
1046.07
May
1046.07
1053.5
June
1053.5
1060.14
July
1060.14
1047.03
August
1047.03
1053.85
September
1053.85
1061
October
1061
1045.49
November
1045.49
1051.61
December
1051.61
1057.59
Month
Open(₹)
Close(₹)
January
1062.13
1046.98
February
1046.98
1053.5
March
1053.5
1061.25
April
1061.25
1046.96
May
1046.96
1054.86
June
1054.86
1062.24
July
1062.24
1047.1
August
1047.1
1054.57
September
1054.57
1061.93
October
1061.93
1047.68
November
1047.68
1055.02
December
1055.02
1061.9
Month
Open(₹)
Close(₹)
January
1017.91
1024.85
February
1024.85
1031.15
March
1031.15
1038.28
April
1038.28
1046.36
May
1046.36
1033.76
June
1033.76
1039.24
July
1039.24
1046.33
August
1046.33
1054.14
September
1054.14
1062.97
October
1062.97
1047.65
November
1047.65
1054.21
December
1054.21
1062.13

What does Mirae Asset Savings Fund Direct Plan Quarterly 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 Quarterly Payout of Income Dis cum cptl wdrl as on 04.10.2022 is 5.34.

Check Mirae Asset Savings Fund Direct Plan Quarterly 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.