Sundaram Aggressive Hybrid Fund Direct Plan Growth Net Asset Value

NAV details of Sundaram Aggressive Hybrid Fund Direct Plan Growth:

Sundaram Aggressive Hybrid Fund Direct Plan Growth NAV Today(30.09.2022)
₹122.70.46 %
Exit Load
1%

How was the NAV for Sundaram Aggressive Hybrid Fund Direct Plan 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.

Sundaram Aggressive Hybrid Fund Direct Plan Growth NAV calculation:

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

Sundaram Aggressive Hybrid Fund Direct Plan Growth NAV History

Sundaram Aggressive Hybrid Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
123.42
123.24
February
123.24
118.75
March
118.75
122.9
April
122.9
119.84
May
119.84
117.05
June
117.05
113.89
July
113.89
122.43
August
122.43
125.63
September
125.63
-
Month
Open(₹)
Close(₹)
January
97.41
99.06
February
99.06
102.73
March
102.73
103.31
April
103.31
103.23
May
103.23
107.79
June
107.79
110.18
July
110.18
113.1
August
113.1
119.22
September
119.22
122.02
October
122.02
125.55
November
125.55
121.96
December
121.96
123.42
Month
Open(₹)
Close(₹)
January
82.73
82.98
February
82.98
80.65
March
80.65
65.38
April
65.38
73.12
May
73.12
73.1
June
73.1
76.57
July
76.57
80.52
August
80.52
82.78
September
82.78
82.92
October
82.92
83.89
November
83.89
92.33
December
92.33
97.41
Month
Open(₹)
Close(₹)
January
79.88
79.33
February
79.33
78.97
March
78.97
83.18
April
83.18
82.49
May
82.49
83.62
June
83.62
81.74
July
81.74
77.42
August
77.42
77.32
September
77.32
78.6
October
78.6
81.57
November
81.57
82.55
December
82.55
82.73
Month
Open(₹)
Close(₹)
January
80.03
80.61
February
80.61
78.72
March
78.72
77.43
April
77.43
81.77
May
81.77
79.52
June
79.52
78.77
July
78.77
81.3
August
81.3
83.76
September
83.76
79.56
October
79.56
77.68
November
77.68
79
December
79
79.88
Month
Open(₹)
Close(₹)
January
58.02
61.19
February
61.19
62.61
March
62.61
64.82
April
64.82
67.17
May
67.17
68.52
June
68.52
69.3
July
69.3
72.51
August
72.51
73.11
September
73.11
73.39
October
73.39
79.07
November
79.07
77.9
December
77.9
80.03
Month
Open(₹)
Close(₹)
January
52.48
49.53
February
49.53
47.14
March
47.14
50.65
April
50.65
51.49
May
51.49
52.72
June
52.72
55.23
July
55.23
56.92
August
56.92
59.43
September
59.43
59.85
October
59.85
61.32
November
61.32
58.8
December
58.8
58.02
Month
Open(₹)
Close(₹)
January
50.39
52.19
February
52.19
52.24
March
52.24
51.65
April
51.65
50.43
May
50.43
51.91
June
51.91
52.02
July
52.02
53.19
August
53.19
49.66
September
49.66
50.77
October
50.77
52
November
52
52.33
December
52.33
52.48
Month
Open(₹)
Close(₹)
January
37.04
36.13
February
36.13
36.86
March
36.86
39.1
April
39.1
39.65
May
39.65
43.55
June
43.55
46.11
July
46.11
45.41
August
45.41
47.38
September
47.38
47.56
October
47.56
49.43
November
49.43
50.67
December
50.67
50.39
Month
Open(₹)
Close(₹)
January
17.4
34.37
February
34.37
32.73
March
32.73
32.57
April
32.57
33.48
May
33.48
33.91
June
33.91
33.39
July
33.39
31.74
August
31.74
31.12
September
31.12
32.96
October
32.96
35.64
November
35.64
35.58
December
35.58
37.04

What does Sundaram Aggressive Hybrid Fund Direct Plan 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 Sundaram Aggressive Hybrid Fund Direct Plan Growth as on 30.09.2022 is 22.21.

Check Sundaram Aggressive Hybrid Fund Direct Plan 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.