Tata Large Cap Fund Direct Plan Growth Net Asset Value

NAV details of Tata Large Cap Fund Direct Plan Growth:

Tata Large Cap Fund Direct Plan Growth NAV Today(04.10.2022)
₹357.681.14 %
Exit Load
1%

How was the NAV for Tata Large Cap 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 Large Cap Fund Direct Plan Growth NAV calculation:

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

Tata Large Cap Fund Direct Plan Growth NAV History

Tata Large Cap Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
367.23
375.09
February
375.09
353.08
March
353.08
369.52
April
369.52
358.7
May
358.7
346.23
June
346.23
330.93
July
330.93
364.25
August
364.25
370.46
September
370.46
361.82
October
361.82
-
Month
Open(₹)
Close(₹)
January
275.61
286.94
February
286.94
303
March
303
304.47
April
304.47
302.6
May
302.6
322.26
June
322.26
328.7
July
328.7
336.07
August
336.07
358.33
September
358.33
366.76
October
366.76
378.48
November
378.48
362.21
December
362.21
367.23
Month
Open(₹)
Close(₹)
January
251.77
249.01
February
249.01
236.79
March
236.79
172.57
April
172.57
200.62
May
200.62
198.6
June
198.6
210.44
July
210.44
222.7
August
222.7
230.3
September
230.3
226.35
October
226.35
230.62
November
230.62
258.28
December
258.28
275.61
Month
Open(₹)
Close(₹)
January
223.3
222
February
222
220.63
March
220.63
237.69
April
237.69
238.88
May
238.88
247.61
June
247.61
250.48
July
250.48
231.68
August
231.68
229.8
September
229.8
237.72
October
237.72
249.2
November
249.2
251.29
December
251.29
251.77
Month
Open(₹)
Close(₹)
January
225.93
233.19
February
233.19
220.38
March
220.38
213.11
April
213.11
225.44
May
225.44
220.46
June
220.46
219.68
July
219.68
232.29
August
232.29
240.23
September
240.23
219.22
October
219.22
212.35
November
212.35
221.42
December
221.42
223.3
Month
Open(₹)
Close(₹)
January
172.65
185.08
February
185.08
188.18
March
188.18
193.27
April
193.27
200
May
200
203.06
June
203.06
203.05
July
203.05
215.58
August
215.58
213.44
September
213.44
209.84
October
209.84
222.22
November
222.22
219.64
December
219.64
225.93
Month
Open(₹)
Close(₹)
January
165.59
156.8
February
156.8
149.96
March
149.96
161.48
April
161.48
163.57
May
163.57
169.47
June
169.47
173.68
July
173.68
182.14
August
182.14
185.76
September
185.76
184.2
October
184.2
184.63
November
184.63
173.99
December
173.99
172.65
Month
Open(₹)
Close(₹)
January
160.4
170.28
February
170.28
173.16
March
173.16
169.56
April
169.56
161.98
May
161.98
167.86
June
167.86
169.39
July
169.39
175.12
August
175.12
161.89
September
161.89
164.35
October
164.35
165.82
November
165.82
165.36
December
165.36
165.59
Month
Open(₹)
Close(₹)
January
116.95
114.3
February
114.3
117.16
March
117.16
123.2
April
123.2
122.59
May
122.59
133.82
June
133.82
142.93
July
142.93
141.76
August
141.76
150.67
September
150.67
150.81
October
150.81
155.17
November
155.17
161.07
December
161.07
160.4
Month
Open(₹)
Close(₹)
January
108.59
108.8
February
108.8
103.79
March
103.79
103.32
April
103.32
106.83
May
106.83
108.2
June
108.2
107.02
July
107.02
106.08
August
106.08
102.66
September
102.66
108.03
October
108.03
116.09
November
116.09
113.62
December
113.62
116.95

What does Tata Large Cap 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 Large Cap Fund Direct Plan Growth as on 04.10.2022 is 13.

Check Tata Large Cap 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.