Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option Net Asset Value

NAV details of Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option:

Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option NAV Today(28.09.2022)
₹82.340.26 %
Exit Load
0%

How was the NAV for Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option 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.

Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option NAV calculation:

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

Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option NAV History

Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option NAV Monthly History

Month
Open(₹)
Close(₹)
January
81.55
83.99
February
83.99
79.26
March
79.26
83.99
April
83.99
81.34
May
81.34
78.37
June
78.37
75.13
July
75.13
83.58
August
83.58
84.92
September
84.92
-
Month
Open(₹)
Close(₹)
January
59.17
61.31
February
61.31
66.65
March
66.65
67.47
April
67.47
66.81
May
66.81
70.83
June
70.83
72.46
July
72.46
74.89
August
74.89
79.83
September
79.83
81.86
October
81.86
84.61
November
84.61
80.9
December
80.9
81.55
Month
Open(₹)
Close(₹)
January
58.73
57.75
February
57.75
52.14
March
52.14
37.26
April
37.26
43.14
May
43.14
41.69
June
41.69
44.24
July
44.24
46.02
August
46.02
48.73
September
48.73
47.8
October
47.8
48.64
November
48.64
55.19
December
55.19
59.17
Month
Open(₹)
Close(₹)
January
57.63
54.82
February
54.82
54.4
March
54.4
59.26
April
59.26
59.04
May
59.04
59.89
June
59.89
59.16
July
59.16
51.81
August
51.81
49.87
September
49.87
52.47
October
52.47
57.79
November
57.79
57.76
December
57.76
58.73
Month
Open(₹)
Close(₹)
January
71.46
70.19
February
70.19
65.61
March
65.61
60.82
April
60.82
63.56
May
63.56
59.14
June
59.14
56.86
July
56.86
59.5
August
59.5
61.84
September
61.84
56.71
October
56.71
55.11
November
55.11
56.25
December
56.25
57.63
Month
Open(₹)
Close(₹)
January
48.63
52.71
February
52.71
54.83
March
54.83
56.58
April
56.58
57.94
May
57.94
59.04
June
59.04
59.77
July
59.77
63.23
August
63.23
62.97
September
62.97
62.22
October
62.22
68.49
November
68.49
67.64
December
67.64
71.46
Month
Open(₹)
Close(₹)
January
46.55
42.54
February
42.54
39.78
March
39.78
43.94
April
43.94
44.75
May
44.75
45.09
June
45.09
47.93
July
47.93
49.27
August
49.27
51.17
September
51.17
51.03
October
51.03
52.57
November
52.57
49.38
December
49.38
48.63
Month
Open(₹)
Close(₹)
January
47.61
50.05
February
50.05
50.65
March
50.65
49.71
April
49.71
47.59
May
47.59
47.99
June
47.99
47.24
July
47.24
48.07
August
48.07
43.49
September
43.49
43.29
October
43.29
45.29
November
45.29
46.17
December
46.17
46.55
Month
Open(₹)
Close(₹)
January
25.72
24.03
February
24.03
24.95
March
24.95
28.64
April
28.64
29.11
May
29.11
34.7
June
34.7
39.14
July
39.14
37.81
August
37.81
40.7
September
40.7
42.33
October
42.33
44.95
November
44.95
46.8
December
46.8
47.61
Month
Open(₹)
Close(₹)
January
24.8
24.14
February
24.14
22.44
March
22.44
21.61
April
21.61
22.98
May
22.98
23.08
June
23.08
22.37
July
22.37
19.99
August
19.99
19.61
September
19.61
20.88
October
20.88
23
November
23
23.66
December
23.66
25.72

What does Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option’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 Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option as on 28.09.2022 is 13.12.

Check Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option 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.