Tata Hybrid Equity Fund Direct Plan Growth Net Asset Value

NAV details of Tata Hybrid Equity Fund Direct Plan Growth:

Tata Hybrid Equity Fund Direct Plan Growth NAV Today(30.09.2022)
₹336.131.39 %
Exit Load
1%

How was the NAV for Tata Hybrid Equity 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 Hybrid Equity Fund Direct Plan Growth NAV calculation:

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

Tata Hybrid Equity Fund Direct Plan Growth NAV History

Tata Hybrid Equity Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
326.29
333.66
February
333.66
317.42
March
317.42
328.45
April
328.45
323.55
May
323.55
317.48
June
317.48
311.61
July
311.61
333.72
August
333.72
341.86
September
341.86
-
Month
Open(₹)
Close(₹)
January
261.85
268.23
February
268.23
280.22
March
280.22
281.9
April
281.9
277.14
May
277.14
294.15
June
294.15
298.93
July
298.93
305.35
August
305.35
323.27
September
323.27
327.63
October
327.63
335.14
November
335.14
324.12
December
324.12
326.29
Month
Open(₹)
Close(₹)
January
233.33
233.23
February
233.23
222.5
March
222.5
178.79
April
178.79
200.05
May
200.05
199.57
June
199.57
210.51
July
210.51
218.6
August
218.6
224.59
September
224.59
223.77
October
223.77
226.65
November
226.65
250.4
December
250.4
261.85
Month
Open(₹)
Close(₹)
January
216.12
212.35
February
212.35
211.15
March
211.15
224.08
April
224.08
225.34
May
225.34
231.25
June
231.25
230.93
July
230.93
219.53
August
219.53
218.65
September
218.65
223.5
October
223.5
230.41
November
230.41
234.24
December
234.24
233.33
Month
Open(₹)
Close(₹)
January
216.87
221.52
February
221.52
212.97
March
212.97
209.3
April
209.3
218.75
May
218.75
213.93
June
213.93
211.38
July
211.38
218.64
August
218.64
223.56
September
223.56
212.63
October
212.63
206.89
November
206.89
215.53
December
215.53
216.12
Month
Open(₹)
Close(₹)
January
180.15
189.65
February
189.65
191.61
March
191.61
196.47
April
196.47
202.01
May
202.01
202.67
June
202.67
202.26
July
202.26
210.92
August
210.92
207.63
September
207.63
205.38
October
205.38
214.48
November
214.48
210.18
December
210.18
216.87
Month
Open(₹)
Close(₹)
January
172.78
165.67
February
165.67
157.03
March
157.03
166.32
April
166.32
169.1
May
169.1
173.24
June
173.24
178.43
July
178.43
186.9
August
186.9
189.78
September
189.78
190.01
October
190.01
191.18
November
191.18
182.49
December
182.49
180.15
Month
Open(₹)
Close(₹)
January
160.7
169.64
February
169.64
173.52
March
173.52
175.21
April
175.21
168.11
May
168.11
172.63
June
172.63
172.44
July
172.44
176.55
August
176.55
168.38
September
168.38
171.53
October
171.53
171.64
November
171.64
171.09
December
171.09
172.78
Month
Open(₹)
Close(₹)
January
106.81
103.72
February
103.72
107.53
March
107.53
112.66
April
112.66
114.23
May
114.23
126.47
June
126.47
136.65
July
136.65
136.46
August
136.46
143.12
September
143.12
146.64
October
146.64
151.2
November
151.2
158.47
December
158.47
160.7
Month
Open(₹)
Close(₹)
January
99.21
98.2
February
98.2
94.61
March
94.61
94.45
April
94.45
96.82
May
96.82
99.24
June
99.24
97.32
July
97.32
94.29
August
94.29
91.97
September
91.97
97.53
October
97.53
103.11
November
103.11
102.28
December
102.28
106.81

What does Tata Hybrid Equity 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 Hybrid Equity Fund Direct Plan Growth as on 30.09.2022 is 13.36.

Check Tata Hybrid Equity 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.