Tata Large & Mid Cap Fund Direct Plan Growth Net Asset Value

NAV details of Tata Large & Mid Cap Fund Direct Plan Growth:

Tata Large & Mid Cap Fund Direct Plan Growth NAV Today(06.10.2022)
₹386.952.24 %
Exit Load
1%

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

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

Tata Large & Mid Cap Fund Direct Plan Growth NAV History

Tata Large & Mid Cap Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
357.07
362.31
February
362.31
338.69
March
338.69
353.97
April
353.97
351.47
May
351.47
342.16
June
342.16
333.47
July
333.47
367.12
August
367.12
382.81
September
382.81
381.74
October
381.74
-
Month
Open(₹)
Close(₹)
January
275.37
280.78
February
280.78
303.17
March
303.17
307.48
April
307.48
299.37
May
299.37
317.88
June
317.88
327.32
July
327.32
333.37
August
333.37
353.22
September
353.22
358.37
October
358.37
364.18
November
364.18
354.4
December
354.4
357.07
Month
Open(₹)
Close(₹)
January
238.89
242.44
February
242.44
229.75
March
229.75
170.01
April
170.01
200.93
May
200.93
199.63
June
199.63
211.68
July
211.68
223.42
August
223.42
233.52
September
233.52
230.05
October
230.05
232.66
November
232.66
263.32
December
263.32
275.37
Month
Open(₹)
Close(₹)
January
207.66
202.92
February
202.92
203.06
March
203.06
217.97
April
217.97
219.26
May
219.26
226.34
June
226.34
229.59
July
229.59
216.04
August
216.04
215.48
September
215.48
223.56
October
223.56
231.87
November
231.87
236.47
December
236.47
238.89
Month
Open(₹)
Close(₹)
January
214.01
217.9
February
217.9
207.39
March
207.39
200.14
April
200.14
213.33
May
213.33
204.25
June
204.25
198.7
July
198.7
207.43
August
207.43
213.7
September
213.7
198.54
October
198.54
197.76
November
197.76
205.94
December
205.94
207.66
Month
Open(₹)
Close(₹)
January
160.83
175.16
February
175.16
174.54
March
174.54
180.06
April
180.06
187.84
May
187.84
189.55
June
189.55
190.05
July
190.05
198.91
August
198.91
197.36
September
197.36
194.55
October
194.55
205.54
November
205.54
204.69
December
204.69
214.01
Month
Open(₹)
Close(₹)
January
157.3
146.65
February
146.65
136.87
March
136.87
148.05
April
148.05
151.13
May
151.13
155.87
June
155.87
161.01
July
161.01
168.27
August
168.27
173.64
September
173.64
172.54
October
172.54
174.4
November
174.4
163.14
December
163.14
160.83
Month
Open(₹)
Close(₹)
January
144.85
153.13
February
153.13
155.99
March
155.99
156.01
April
156.01
146.99
May
146.99
152.13
June
152.13
152.66
July
152.66
158.69
August
158.69
147.54
September
147.54
150.33
October
150.33
153.16
November
153.16
154.93
December
154.93
157.3
Month
Open(₹)
Close(₹)
January
96.54
93.43
February
93.43
96.83
March
96.83
102.88
April
102.88
103.3
May
103.3
113.06
June
113.06
122.79
July
122.79
121.86
August
121.86
130.03
September
130.03
131.57
October
131.57
136.32
November
136.32
143.05
December
143.05
144.85
Month
Open(₹)
Close(₹)
January
88.78
88.76
February
88.76
85.34
March
85.34
84.95
April
84.95
87.76
May
87.76
88.64
June
88.64
87.71
July
87.71
85.99
August
85.99
83.39
September
83.39
88.24
October
88.24
95.48
November
95.48
93.53
December
93.53
96.54

What does Tata Large & Mid 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 & Mid Cap Fund Direct Plan Growth as on 06.10.2022 is 16.29.

Check Tata Large & Mid 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.