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

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

PGIM India Dynamic Bond Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl NAV Today(01.10.2022)
₹1187.240.05 %
Exit Load
0%

How was the NAV for PGIM India Dynamic Bond Fund Direct Plan Quarterly 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 Quarterly Reinvestment Inc Dist cum Cap Wdrl NAV calculation:

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

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

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

Month
Open(₹)
Close(₹)
January
1211.48
1187.69
February
1187.69
1192.96
March
1192.96
1180.67
April
1180.67
1180.41
May
1180.41
1181.07
June
1181.07
1170.55
July
1170.55
1179.54
August
1179.54
1183.67
September
1183.67
-
Month
Open(₹)
Close(₹)
January
1229.12
1222.23
February
1222.23
1215.62
March
1215.62
1204.27
April
1204.27
1217.13
May
1217.13
1223.56
June
1223.56
1204.11
July
1204.11
1208.9
August
1208.9
1219.64
September
1219.64
1206.38
October
1206.38
1207.13
November
1207.13
1211.21
December
1211.21
1211.48
Month
Open(₹)
Close(₹)
January
1196.21
1201.17
February
1201.17
1228.82
March
1228.82
1209.78
April
1209.78
1221.04
May
1221.04
1241.11
June
1241.11
1231.01
July
1231.01
1239.79
August
1239.79
1242.34
September
1242.34
1220.96
October
1220.96
1237.77
November
1237.77
1243.41
December
1243.41
1229.12
Month
Open(₹)
Close(₹)
January
1140.95
1142.01
February
1142.01
1150.92
March
1150.92
1151.07
April
1151.07
1151.52
May
1151.52
1181.95
June
1181.95
1177.76
July
1177.76
1198.88
August
1198.88
1206.37
September
1206.37
1190.35
October
1190.35
1200.86
November
1200.86
1207.11
December
1207.11
1196.21
Month
Open(₹)
Close(₹)
January
1136.84
1128.84
February
1128.84
1132.89
March
1132.89
1134.67
April
1134.67
1131.24
May
1131.24
1133.64
June
1133.64
1117.27
July
1117.27
1130.32
August
1130.32
1131.61
September
1131.61
1113.95
October
1113.95
1124.64
November
1124.64
1140.14
December
1140.14
1140.95
Month
Open(₹)
Close(₹)
January
1153.26
1170.12
February
1170.12
1143.74
March
1143.74
1147.02
April
1147.02
1151.79
May
1151.79
1173.2
June
1173.2
1173.92
July
1173.92
1186.78
August
1186.78
1193.73
September
1193.73
1167.94
October
1167.94
1169.63
November
1169.63
1164.69
December
1164.69
1136.84
Month
Open(₹)
Close(₹)
January
1078.63
1078.56
February
1078.56
1083.59
March
1083.59
1084.58
April
1084.58
1099.1
May
1099.1
1102.71
June
1102.71
1095.38
July
1095.38
1120.6
August
1120.6
1130.47
September
1130.47
1123.68
October
1123.68
1129.48
November
1129.48
1195.21
December
1195.21
1153.26
Month
Open(₹)
Close(₹)
January
1000.69
1000.69
February
1000.69
1000.69
March
1000.69
1000.69
April
1000.69
1000.69
May
1000.69
1000.69
June
1000.69
1000.69
July
1000.69
1000.69
August
1000.69
1000.69
September
1000.69
1101.39
October
1101.39
1103.53
November
1103.53
1099.67
December
1099.67
1078.63
Month
Open(₹)
Close(₹)
January
1000.69
1000.69
February
1000.69
1000.69
March
1000.69
1000.69
April
1000.69
1000.69
May
1000.69
1000.69
June
1000.69
1000.69
July
1000.69
1000.69
August
1000.69
1000.69
September
1000.69
1000.69
October
1000.69
1000.69
November
1000.69
1000.69
December
1000.69
1000.69
Month
Open(₹)
Close(₹)
July
1006.4
982.4
August
982.4
984.75
September
984.75
991.36
October
991.36
1000.69
November
1000.69
1000.69
December
1000.69
1000.69

What does PGIM India Dynamic Bond Fund Direct Plan Quarterly 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 Quarterly Reinvestment Inc Dist cum Cap Wdrl as on 01.10.2022 is 6.4.

Check PGIM India Dynamic Bond Fund Direct Plan Quarterly 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.