PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap Wdrl Net Asset Value

NAV details of PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap Wdrl:

PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap Wdrl NAV Today(28.09.2022)
₹1564.480.12 %
Exit Load
0%

How was the NAV for PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap 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.

PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap Wdrl NAV calculation:

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

PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap Wdrl NAV History

PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1564.48
1564.48
February
1564.48
1564.48
March
1564.48
1564.48
April
1564.48
1564.48
May
1564.48
1564.48
June
1564.48
1564.48
July
1564.48
1564.48
August
1564.48
1564.48
September
1564.48
-
Month
Open(₹)
Close(₹)
January
1583.27
1574.39
February
1574.39
1565.87
March
1565.87
1564.48
April
1564.48
1564.48
May
1564.48
1564.48
June
1564.48
1564.48
July
1564.48
1564.48
August
1564.48
1564.48
September
1564.48
1564.48
October
1564.48
1564.48
November
1564.48
1564.48
December
1564.48
1564.48
Month
Open(₹)
Close(₹)
January
1443.08
1449.25
February
1449.25
1482.54
March
1482.54
1480.09
April
1480.09
1493.86
May
1493.86
1518.42
June
1518.42
1533.56
July
1533.56
1544.5
August
1544.5
1547.68
September
1547.68
1547.88
October
1547.88
1569.19
November
1569.19
1576.34
December
1576.34
1583.27
Month
Open(₹)
Close(₹)
January
1290.82
1292.02
February
1292.02
1302.1
March
1302.1
1324.95
April
1324.95
1325.48
May
1325.48
1360.5
June
1360.5
1378.7
July
1378.7
1403.44
August
1403.44
1412.22
September
1412.22
1414.68
October
1414.68
1427.17
November
1427.17
1434.6
December
1434.6
1443.08
Month
Open(₹)
Close(₹)
January
1198.53
1190.1
February
1190.1
1194.36
March
1194.36
1217.5
April
1217.5
1213.82
May
1213.82
1216.39
June
1216.39
1220.29
July
1220.29
1234.54
August
1234.54
1235.95
September
1235.95
1238.52
October
1238.52
1250.42
November
1250.42
1267.68
December
1267.68
1290.82
Month
Open(₹)
Close(₹)
January
1161.47
1178.45
February
1178.45
1151.88
March
1151.88
1176.38
April
1176.38
1181.27
May
1181.27
1201.22
June
1201.22
1215.96
July
1215.96
1221.78
August
1221.78
1221.4
September
1221.4
1210.02
October
1210.02
1211.77
November
1211.77
1206.65
December
1206.65
1198.53
Month
Open(₹)
Close(₹)
January
1028.05
1027.98
February
1027.98
1032.78
March
1032.78
1052.84
April
1052.84
1066.93
May
1066.93
1058.96
June
1058.96
1065.41
July
1065.41
1089.94
August
1089.94
1099.54
September
1099.54
1112.39
October
1112.39
1118.13
November
1118.13
1183.2
December
1183.2
1161.47
Month
Open(₹)
Close(₹)
January
1017.4
1024.03
February
1024.03
1016.92
March
1016.92
1020.55
April
1020.55
1022.8
May
1022.8
1030.4
June
1030.4
1026.1
July
1026.1
1037.62
August
1037.62
1039.92
September
1039.92
1030.62
October
1030.62
1032.62
November
1032.62
1029.01
December
1029.01
1028.05
Month
Open(₹)
Close(₹)
January
989.05
993.23
February
993.23
995.68
March
995.68
1004.96
April
1004.96
1007.88
May
1007.88
1008.92
June
1008.92
1006.13
July
1006.13
1011.87
August
1011.87
1016
September
1016
1030.6
October
1030.6
1032.75
November
1032.75
1029.87
December
1029.87
1017.4
Month
Open(₹)
Close(₹)
January
1011.01
1004.51
February
1004.51
1007.69
March
1007.69
1001.6
April
1001.6
1001.6
May
1001.6
1005.09
June
1005.09
1000.57
July
1000.57
977.08
August
977.08
979.41
September
979.41
985.96
October
985.96
995.16
November
995.16
988.07
December
988.07
989.05

What does PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap 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 PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap Wdrl as on 28.09.2022 is 7.56.

Check PGIM India Dynamic Bond Fund Direct Plan Monthly Reinvestment Inc Dist cum Cap 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.