Tata Equity P/E Fund Direct Plan Growth Net Asset Value

NAV details of Tata Equity P/E Fund Direct Plan Growth:

Tata Equity P/E Fund Direct Plan Growth NAV Today(27.09.2022)
₹217.672.53 %
Exit Load
1%

How was the NAV for Tata Equity P/E 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.

Tata Equity P/E Fund Direct Plan Growth NAV calculation:

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

Tata Equity P/E Fund Direct Plan Growth NAV History

Tata Equity P/E Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
215.97
216.32
February
216.32
203.99
March
203.99
215.32
April
215.32
211.49
May
211.49
206.86
June
206.86
198.32
July
198.32
215.1
August
215.1
223.95
September
223.95
-
Month
Open(₹)
Close(₹)
January
167.53
171.03
February
171.03
178.87
March
178.87
178.98
April
178.98
176.77
May
176.77
186.71
June
186.71
189.31
July
189.31
194.53
August
194.53
205.69
September
205.69
212.33
October
212.33
220.66
November
220.66
212.86
December
212.86
215.97
Month
Open(₹)
Close(₹)
January
146.74
146.63
February
146.63
135.83
March
135.83
101.5
April
101.5
121.04
May
121.04
123.32
June
123.32
129.95
July
129.95
137.77
August
137.77
139.53
September
139.53
143.01
October
143.01
145.32
November
145.32
159.45
December
159.45
167.53
Month
Open(₹)
Close(₹)
January
136.91
132.02
February
132.02
133.46
March
133.46
142.45
April
142.45
140.3
May
140.3
143.72
June
143.72
142.73
July
142.73
132.79
August
132.79
135.02
September
135.02
139.07
October
139.07
144.87
November
144.87
146.41
December
146.41
146.74
Month
Open(₹)
Close(₹)
January
145.08
148.11
February
148.11
143.09
March
143.09
139.13
April
139.13
149.02
May
149.02
143.79
June
143.79
140.58
July
140.58
147.96
August
147.96
149.61
September
149.61
135.72
October
135.72
130.54
November
130.54
135.19
December
135.19
136.91
Month
Open(₹)
Close(₹)
January
103.57
111.5
February
111.5
115.22
March
115.22
120.33
April
120.33
127.64
May
127.64
126.13
June
126.13
126.21
July
126.21
133.84
August
133.84
136.13
September
136.13
135.88
October
135.88
143.43
November
143.43
139.21
December
139.21
145.08
Month
Open(₹)
Close(₹)
January
89.24
82.82
February
82.82
76.82
March
76.82
83.29
April
83.29
86.15
May
86.15
89.11
June
89.11
95.88
July
95.88
101.58
August
101.58
105.97
September
105.97
105.65
October
105.65
109.33
November
109.33
103.84
December
103.84
103.57
Month
Open(₹)
Close(₹)
January
88.08
91.38
February
91.38
93.03
March
93.03
92.35
April
92.35
88.79
May
88.79
91.1
June
91.1
89.69
July
89.69
92.71
August
92.71
83.54
September
83.54
84.36
October
84.36
85.32
November
85.32
88.3
December
88.3
89.24
Month
Open(₹)
Close(₹)
January
51.52
48.41
February
48.41
51.62
March
51.62
56.23
April
56.23
58.16
May
58.16
67.09
June
67.09
75.4
July
75.4
72.58
August
72.58
76.77
September
76.77
77.67
October
77.67
81.28
November
81.28
86.18
December
86.18
88.08
Month
Open(₹)
Close(₹)
January
50.73
50.29
February
50.29
47.24
March
47.24
46.06
April
46.06
46.74
May
46.74
46.37
June
46.37
44.43
July
44.43
42.13
August
42.13
41.1
September
41.1
44.63
October
44.63
48.58
November
48.58
47.98
December
47.98
51.52

What does Tata Equity P/E 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 Tata Equity P/E Fund Direct Plan Growth as on 27.09.2022 is 16.14.

Check Tata Equity P/E 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.