Nippon India Vision Fund - Direct Plan - Bonus Plan Net Asset Value

NAV details of Nippon India Vision Fund - Direct Plan - Bonus Plan:

Nippon India Vision Fund - Direct Plan - Bonus Plan NAV Today(07.10.2022)
₹145.691.36 %
Exit Load
1%

How was the NAV for Nippon India Vision Fund - Direct Plan - Bonus Plan 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 Vision Fund - Direct Plan - Bonus Plan NAV calculation:

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

Nippon India Vision Fund - Direct Plan - Bonus Plan NAV History

Nippon India Vision Fund - Direct Plan - Bonus Plan NAV Monthly History

Month
Open(₹)
Close(₹)
January
147.44
147.78
February
147.78
140.27
March
140.27
147.96
April
147.96
144.06
May
144.06
138.81
June
138.81
132.23
July
132.23
145.85
August
145.85
150.27
September
150.27
147.7
October
147.7
-
Month
Open(₹)
Close(₹)
January
110.46
113.28
February
113.28
120.17
March
120.17
120.67
April
120.67
119.38
May
119.38
126.02
June
126.02
130.24
July
130.24
135.93
August
135.93
143.62
September
143.62
148.07
October
148.07
150.82
November
150.82
144.06
December
144.06
147.44
Month
Open(₹)
Close(₹)
January
96.46
96.68
February
96.68
91.87
March
91.87
65.64
April
65.64
75.7
May
75.7
75.03
June
75.03
80.21
July
80.21
84.83
August
84.83
90.25
September
90.25
90.07
October
90.07
90.95
November
90.95
103.24
December
103.24
110.46
Month
Open(₹)
Close(₹)
January
90.88
86.29
February
86.29
86.3
March
86.3
93.34
April
93.34
94.26
May
94.26
96.01
June
96.01
96.21
July
96.21
85.95
August
85.95
84.96
September
84.96
89.43
October
89.43
94.61
November
94.61
95.63
December
95.63
96.46
Month
Open(₹)
Close(₹)
January
107.71
107.45
February
107.45
100.93
March
100.93
93.66
April
93.66
97.62
May
97.62
92.16
June
92.16
89.38
July
89.38
92.7
August
92.7
96.84
September
96.84
89.5
October
89.5
88.21
November
88.21
89.22
December
89.22
90.88
Month
Open(₹)
Close(₹)
January
76.21
81.12
February
81.12
84.18
March
84.18
85.7
April
85.7
87.18
May
87.18
91.62
June
91.62
91.92
July
91.92
97.56
August
97.56
97.1
September
97.1
96.01
October
96.01
104.77
November
104.77
103.9
December
103.9
107.71
Month
Open(₹)
Close(₹)
January
72.94
67.96
February
67.96
64.73
March
64.73
71.56
April
71.56
72.27
May
72.27
73.71
June
73.71
76.05
July
76.05
77.68
August
77.68
80.09
September
80.09
79.63
October
79.63
80.17
November
80.17
76.51
December
76.51
76.21
Month
Open(₹)
Close(₹)
January
74.38
78.7
February
78.7
80.04
March
80.04
78.19
April
78.19
75.31
May
75.31
76.29
June
76.29
76.21
July
76.21
78.12
August
78.12
71.79
September
71.79
71.98
October
71.98
73.61
November
73.61
73.74
December
73.74
72.94
Month
Open(₹)
Close(₹)
January
45.87
43.6
February
43.6
45.17
March
45.17
50.36
April
50.36
50.82
May
50.82
58.19
June
58.19
64.02
July
64.02
62.13
August
62.13
66.56
September
66.56
66.82
October
66.82
72.28
November
72.28
75.54
December
75.54
74.38
Month
Open(₹)
Close(₹)
January
45.78
45.37
February
45.37
41.58
March
41.58
40.24
April
40.24
43.88
May
43.88
43.25
June
43.25
42.44
July
42.44
38.14
August
38.14
36.59
September
36.59
38.87
October
38.87
43.01
November
43.01
43.34
December
43.34
45.87

What does Nippon India Vision Fund - Direct Plan - Bonus Plan’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 Vision Fund - Direct Plan - Bonus Plan as on 07.10.2022 is 12.6.

Check Nippon India Vision Fund - Direct Plan - Bonus Plan 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.