Quantum Long Term Equity Value Fund Direct Growth Net Asset Value

NAV details of Quantum Long Term Equity Value Fund Direct Growth:

Quantum Long Term Equity Value Fund Direct Growth NAV Today(27.09.2022)
₹76.821.71 %
Exit Load
2%

How was the NAV for Quantum Long Term Equity Value Fund Direct Growth 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.

Quantum Long Term Equity Value Fund Direct Growth NAV calculation:

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

Quantum Long Term Equity Value Fund Direct Growth NAV History

Quantum Long Term Equity Value Fund Direct Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
76.35
78.03
February
78.03
73.72
March
73.72
77.29
April
77.29
75.64
May
75.64
74.53
June
74.53
71.65
July
71.65
77.92
August
77.92
79.28
September
79.28
-
Month
Open(₹)
Close(₹)
January
61.17
64
February
64
66.84
March
66.84
67.63
April
67.63
67.03
May
67.03
71.74
June
71.74
72.73
July
72.73
74
August
74
76.6
September
76.6
77.69
October
77.69
80.01
November
80.01
75.54
December
75.54
76.35
Month
Open(₹)
Close(₹)
January
53.76
52.92
February
52.92
48.68
March
48.68
35.97
April
35.97
42.63
May
42.63
42.67
June
42.67
44.6
July
44.6
47.66
August
47.66
49.42
September
49.42
49.79
October
49.79
51
November
51
58.36
December
58.36
61.17
Month
Open(₹)
Close(₹)
January
54.34
53.17
February
53.17
53.67
March
53.67
56.13
April
56.13
55.85
May
55.85
56.4
June
56.4
55.98
July
55.98
52.37
August
52.37
51.62
September
51.62
50.66
October
50.66
53.43
November
53.43
53.52
December
53.52
53.76
Month
Open(₹)
Close(₹)
January
53.54
55.08
February
55.08
52.77
March
52.77
50.74
April
50.74
53.46
May
53.46
52.31
June
52.31
52.43
July
52.43
53.65
August
53.65
55.74
September
55.74
54.17
October
54.17
52.78
November
52.78
53.35
December
53.35
54.34
Month
Open(₹)
Close(₹)
January
44.27
47.03
February
47.03
47.52
March
47.52
48.47
April
48.47
48.82
May
48.82
50.1
June
50.1
49.18
July
49.18
51.51
August
51.51
50.86
September
50.86
50.77
October
50.77
53.39
November
53.39
52.07
December
52.07
53.54
Month
Open(₹)
Close(₹)
January
39.5
37.31
February
37.31
35.49
March
35.49
38.33
April
38.33
39.45
May
39.45
41.13
June
41.13
42.64
July
42.64
44.17
August
44.17
45.85
September
45.85
45.05
October
45.05
46.05
November
46.05
44.26
December
44.26
44.27
Month
Open(₹)
Close(₹)
January
38.14
38.89
February
38.89
38.75
March
38.75
38.55
April
38.55
37.39
May
37.39
38.75
June
38.75
38.93
July
38.93
39.04
August
39.04
35.83
September
35.83
36.48
October
36.48
38.07
November
38.07
38.48
December
38.48
39.5
Month
Open(₹)
Close(₹)
January
27.38
26.25
February
26.25
27.36
March
27.36
29.97
April
29.97
29.73
May
29.73
32.67
June
32.67
35.15
July
35.15
34.7
August
34.7
36.63
September
36.63
36.58
October
36.58
38.03
November
38.03
38.74
December
38.74
38.14
Month
Open(₹)
Close(₹)
January
25.28
25.76
February
25.76
24.89
March
24.89
24.43
April
24.43
25.13
May
25.13
24.91
June
24.91
24.58
July
24.58
23.34
August
23.34
23.07
September
23.07
24.39
October
24.39
26.68
November
26.68
26.76
December
26.76
27.38
Month
Open(₹)
Close(₹)
January
19.13
21.46
February
21.46
22.54
March
22.54
22.3
April
22.3
21.96
May
21.96
20.51
June
20.51
22.13
July
22.13
22.28
August
22.28
22.25
September
22.25
24.19
October
24.19
24.06
November
24.06
24.65
December
24.65
25.28
Month
Open(₹)
Close(₹)
January
23.96
21.68
February
21.68
21.66
March
21.66
22.69
April
22.69
22.6
May
22.6
22.13
June
22.13
22.19
July
22.19
21.87
August
21.87
20.25
September
20.25
20.26
October
20.26
21.09
November
21.09
20.13
December
20.13
19.13
Month
Open(₹)
Close(₹)
January
18.6
18.07
February
18.07
17.98
March
17.98
19.14
April
19.14
19.6
May
19.6
19.02
June
19.02
20.19
July
20.19
20.89
August
20.89
21.88
September
21.88
23.91
October
23.91
23.89
November
23.89
23.68
December
23.68
23.96
Month
Open(₹)
Close(₹)
January
9.3
8.94
February
8.94
8.6
March
8.6
9.4
April
9.4
10.33
May
10.33
13.56
June
13.56
13.66
July
13.66
15.05
August
15.05
15.51
September
15.51
16.93
October
16.93
16.7
November
16.7
17.99
December
17.99
18.6
Month
Open(₹)
Close(₹)
January
17.3
15.35
February
15.35
15.25
March
15.25
13.7
April
13.7
14.67
May
14.67
14.06
June
14.06
11.36
July
11.36
12.86
August
12.86
13.09
September
13.09
12.1
October
12.1
8.98
November
8.98
8.33
December
8.33
9.3
Month
Open(₹)
Close(₹)
January
11.84
12.63
February
12.63
11.52
March
11.52
11.47
April
11.47
12.36
May
12.36
13.08
June
13.08
13.02
July
13.02
13.01
August
13.01
13.16
September
13.16
14.93
October
14.93
15.53
November
15.53
15.7
December
15.7
17.3
Month
Open(₹)
Close(₹)
April
10.23
10.35
May
10.35
9.79
June
9.79
9.78
July
9.78
9.85
August
9.85
10.9
September
10.9
11.37
October
11.37
11.52
November
11.52
11.87
December
11.87
11.84

What does Quantum Long Term Equity Value Fund Direct Growth’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 Quantum Long Term Equity Value Fund Direct Growth as on 27.09.2022 is 13.12.

Check Quantum Long Term Equity Value Fund Direct Growth 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.