Quant Active Fund Growth Option Direct Plan Net Asset Value

NAV details of Quant Active Fund Growth Option Direct Plan:

Quant Active Fund Growth Option Direct Plan NAV Today(25.09.2022)
₹473.011.71 %
Exit Load
0%

How was the NAV for Quant Active Fund Growth Option Direct 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.

Quant Active Fund Growth Option Direct Plan NAV calculation:

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

Quant Active Fund Growth Option Direct Plan NAV History

Quant Active Fund Growth Option Direct Plan NAV Monthly History

Month
Open(₹)
Close(₹)
January
433.41
442.01
February
442.01
409.77
March
409.77
454.63
April
454.63
447.02
May
447.02
416.95
June
416.95
392.05
July
392.05
438.61
August
438.61
455.83
September
455.83
-
Month
Open(₹)
Close(₹)
January
275.2
276.37
February
276.37
298.36
March
298.36
315.63
April
315.63
337.18
May
337.18
366.09
June
366.09
371.73
July
371.73
399.11
August
399.11
401.34
September
401.34
420.41
October
420.41
429.15
November
429.15
432.62
December
432.62
433.41
Month
Open(₹)
Close(₹)
January
188.22
190.81
February
190.81
177.61
March
177.61
137.13
April
137.13
163.39
May
163.39
171.05
June
171.05
185.91
July
185.91
208.35
August
208.35
219.03
September
219.03
228.6
October
228.6
229.26
November
229.26
249.31
December
249.31
275.2
Month
Open(₹)
Close(₹)
January
181.48
175.71
February
175.71
172.69
March
172.69
186.78
April
186.78
184.53
May
184.53
190.07
June
190.07
188.47
July
188.47
172.49
August
172.49
172.78
September
172.78
179.15
October
179.15
195.95
November
195.95
194.49
December
194.49
188.22
Month
Open(₹)
Close(₹)
January
181.5
183.2
February
183.2
180.13
March
180.13
175.48
April
175.48
183.42
May
183.42
177.55
June
177.55
176.49
July
176.49
183.93
August
183.93
190.43
September
190.43
178.01
October
178.01
173.82
November
173.82
180.02
December
180.02
181.48
Month
Open(₹)
Close(₹)
January
131.52
136.95
February
136.95
141.67
March
141.67
147.33
April
147.33
152.84
May
152.84
153.8
June
153.8
154.88
July
154.88
159.55
August
159.55
162.74
September
162.74
160.95
October
160.95
172.11
November
172.11
174.28
December
174.28
181.5
Month
Open(₹)
Close(₹)
January
134.54
125.55
February
125.55
114.38
March
114.38
123.14
April
123.14
128.68
May
128.68
130.07
June
130.07
134
July
134
135.02
August
135.02
139.29
September
139.29
139.19
October
139.19
143.5
November
143.5
132.54
December
132.54
131.52
Month
Open(₹)
Close(₹)
January
119.2
124.24
February
124.24
125.18
March
125.18
123.63
April
123.63
120.43
May
120.43
123.06
June
123.06
124.96
July
124.96
130.29
August
130.29
121.61
September
121.61
124.07
October
124.07
123.93
November
123.93
131.35
December
131.35
134.54
Month
Open(₹)
Close(₹)
January
70.76
68.93
February
68.93
71.09
March
71.09
78.98
April
78.98
81.9
May
81.9
91.81
June
91.81
102.47
July
102.47
102.52
August
102.52
107.92
September
107.92
109.66
October
109.66
113.92
November
113.92
117.08
December
117.08
119.2
Month
Open(₹)
Close(₹)
January
72.24
70.08
February
70.08
65.56
March
65.56
64
April
64
65.35
May
65.35
65.17
June
65.17
64.94
July
64.94
61.75
August
61.75
57.79
September
57.79
61.32
October
61.32
68.13
November
68.13
67.17
December
67.17
70.76

What does Quant Active Fund Growth Option Direct 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 Quant Active Fund Growth Option Direct Plan as on 25.09.2022 is 21.32.

Check Quant Active Fund Growth Option Direct 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.