Quant Tax Plan Growth Option Direct Plan Net Asset Value

NAV details of Quant Tax Plan Growth Option Direct Plan:

Quant Tax Plan Growth Option Direct Plan NAV Today(26.09.2022)
₹268.591.67 %
Exit Load
0%

How was the NAV for Quant Tax Plan 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 Tax Plan Growth Option Direct Plan NAV calculation:

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

Quant Tax Plan Growth Option Direct Plan NAV History

Quant Tax Plan Growth Option Direct Plan NAV Monthly History

Month
Open(₹)
Close(₹)
January
235.91
242.93
February
242.93
224.53
March
224.53
248.82
April
248.82
247.15
May
247.15
233.3
June
233.3
219.81
July
219.81
246
August
246
257.17
September
257.17
-
Month
Open(₹)
Close(₹)
January
145.47
148.89
February
148.89
161.43
March
161.43
169.07
April
169.07
180.16
May
180.16
198.66
June
198.66
205.82
July
205.82
220.52
August
220.52
216.86
September
216.86
227.37
October
227.37
232.66
November
232.66
235.5
December
235.5
235.91
Month
Open(₹)
Close(₹)
January
96.43
97.72
February
97.72
91.09
March
91.09
69.81
April
69.81
83.02
May
83.02
87.58
June
87.58
95.02
July
95.02
106.81
August
106.81
114.63
September
114.63
120.03
October
120.03
120.62
November
120.62
132.6
December
132.6
145.47
Month
Open(₹)
Close(₹)
January
92.98
90.42
February
90.42
88.52
March
88.52
96
April
96
94.58
May
94.58
97.76
June
97.76
97.04
July
97.04
88.94
August
88.94
88.66
September
88.66
92.46
October
92.46
98.99
November
98.99
98.93
December
98.93
96.43
Month
Open(₹)
Close(₹)
January
95.8
96.27
February
96.27
92.98
March
92.98
89.36
April
89.36
93.51
May
93.51
90.44
June
90.44
89.78
July
89.78
94.78
August
94.78
98.61
September
98.61
92.94
October
92.94
89.2
November
89.2
92.84
December
92.84
92.98
Month
Open(₹)
Close(₹)
January
70.58
75.95
February
75.95
78.23
March
78.23
79.3
April
79.3
82.45
May
82.45
84.53
June
84.53
86.21
July
86.21
89.6
August
89.6
90.64
September
90.64
88.77
October
88.77
93.57
November
93.57
93.11
December
93.11
95.8
Month
Open(₹)
Close(₹)
January
62.44
60.19
February
60.19
55.64
March
55.64
60.57
April
60.57
63.16
May
63.16
68.15
June
68.15
70.04
July
70.04
72.72
August
72.72
75.66
September
75.66
74.6
October
74.6
77.15
November
77.15
71.6
December
71.6
70.58
Month
Open(₹)
Close(₹)
January
56.14
59.95
February
59.95
60.6
March
60.6
58.3
April
58.3
58.38
May
58.38
59.52
June
59.52
58.77
July
58.77
60.02
August
60.02
55.85
September
55.85
56.11
October
56.11
57.11
November
57.11
60.49
December
60.49
62.44
Month
Open(₹)
Close(₹)
January
35.13
33.49
February
33.49
34.76
March
34.76
37.36
April
37.36
38.22
May
38.22
41.78
June
41.78
44.17
July
44.17
45.57
August
45.57
48.66
September
48.66
49.95
October
49.95
51.59
November
51.59
54.67
December
54.67
56.14
Month
Open(₹)
Close(₹)
January
37.98
36.75
February
36.75
33.22
March
33.22
32.65
April
32.65
33.31
May
33.31
32.95
June
32.95
32.6
July
32.6
31.31
August
31.31
31.11
September
31.11
32.05
October
32.05
34.02
November
34.02
33.89
December
33.89
35.13

What does Quant Tax Plan 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 Tax Plan Growth Option Direct Plan as on 26.09.2022 is 22.28.

Check Quant Tax Plan 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.