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

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

Nippon India Vision Fund - Direct Plan - Growth Plan NAV Today(03.10.2022)
₹871.151.25 %
Exit Load
1%

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

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

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

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

Month
Open(₹)
Close(₹)
January
869.64
871.62
February
871.62
827.35
March
827.35
872.69
April
872.69
849.7
May
849.7
818.7
June
818.7
779.9
July
779.9
860.22
August
860.22
886.31
September
886.31
-
Month
Open(₹)
Close(₹)
January
651.49
668.12
February
668.12
708.77
March
708.77
711.71
April
711.71
704.1
May
704.1
743.28
June
743.28
768.17
July
768.17
801.72
August
801.72
847.06
September
847.06
873.34
October
873.34
889.57
November
889.57
849.67
December
849.67
869.64
Month
Open(₹)
Close(₹)
January
568.91
570.24
February
570.24
541.84
March
541.84
387.12
April
387.12
446.45
May
446.45
442.52
June
442.52
473.07
July
473.07
500.32
August
500.32
532.31
September
532.31
531.23
October
531.23
536.4
November
536.4
608.9
December
608.9
651.49
Month
Open(₹)
Close(₹)
January
536.03
508.97
February
508.97
509.03
March
509.03
550.56
April
550.56
555.95
May
555.95
566.28
June
566.28
567.47
July
567.47
506.94
August
506.94
501.12
September
501.12
527.48
October
527.48
558.03
November
558.03
564.01
December
564.01
568.91
Month
Open(₹)
Close(₹)
January
635.27
633.77
February
633.77
595.29
March
595.29
552.41
April
552.41
575.79
May
575.79
543.58
June
543.58
527.19
July
527.19
546.74
August
546.74
571.17
September
571.17
527.88
October
527.88
520.27
November
520.27
526.25
December
526.25
536.03
Month
Open(₹)
Close(₹)
January
449.51
478.47
February
478.47
496.53
March
496.53
505.45
April
505.45
514.2
May
514.2
540.38
June
540.38
542.18
July
542.18
575.43
August
575.43
572.72
September
572.72
566.31
October
566.31
617.91
November
617.91
612.77
December
612.77
635.27
Month
Open(₹)
Close(₹)
January
430.16
400.83
February
400.83
381.75
March
381.75
422.05
April
422.05
426.25
May
426.25
434.72
June
434.72
448.56
July
448.56
458.18
August
458.18
472.37
September
472.37
469.69
October
469.69
472.88
November
472.88
451.29
December
451.29
449.51
Month
Open(₹)
Close(₹)
January
438.55
464.03
February
464.03
471.97
March
471.97
461.12
April
461.12
444.07
May
444.07
449.92
June
449.92
449.42
July
449.42
460.67
August
460.67
423.4
September
423.4
424.54
October
424.54
434.15
November
434.15
434.93
December
434.93
430.16
Month
Open(₹)
Close(₹)
January
270.72
257.32
February
257.32
266.62
March
266.62
297.08
April
297.08
299.75
May
299.75
343.26
June
343.26
377.56
July
377.56
366.35
August
366.35
392.59
September
392.59
393.99
October
393.99
426.25
November
426.25
445.33
December
445.33
438.55
Month
Open(₹)
Close(₹)
January
272.01
269.56
February
269.56
247.14
March
247.14
238.43
April
238.43
259.94
May
259.94
255.55
June
255.55
250.84
July
250.84
225.38
August
225.38
216.36
September
216.36
229.7
October
229.7
254.02
November
254.02
255.84
December
255.84
270.72

What does Nippon India Vision Fund - Direct Plan - Growth 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 - Growth Plan as on 03.10.2022 is 12.69.

Check Nippon India Vision Fund - Direct Plan - Growth 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.