Tata Liquid Fund Direct Plan Growth Net Asset Value

NAV details of Tata Liquid Fund Direct Plan Growth:

Tata Liquid Fund Direct Plan Growth NAV Today(04.10.2022)
₹3437.650.02 %
Exit Load
0.01%

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

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

Tata Liquid Fund Direct Plan Growth NAV History

Tata Liquid Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
3330.28
3340.09
February
3340.09
3349.82
March
3349.82
3360.45
April
3360.45
3370.79
May
3370.79
3381.03
June
3381.03
3394.46
July
3394.46
3407.42
August
3407.42
3423.21
September
3423.21
3437.65
October
3437.65
-
Month
Open(₹)
Close(₹)
January
3222.75
3230.47
February
3230.47
3238.58
March
3238.58
3247.91
April
3247.91
3256.34
May
3256.34
3265.38
June
3265.38
3274.53
July
3274.53
3283.8
August
3283.8
3293.44
September
3293.44
3301.56
October
3301.56
3310.08
November
3310.08
3320.35
December
3320.35
3330.28
Month
Open(₹)
Close(₹)
January
3086.37
3099.16
February
3099.16
3112.45
March
3112.45
3132.47
April
3132.47
3146.93
May
3146.93
3160.54
June
3160.54
3170.74
July
3170.74
3178.93
August
3178.93
3188.51
September
3188.51
3197.11
October
3197.11
3206.27
November
3206.27
3214.74
December
3214.74
3222.75
Month
Open(₹)
Close(₹)
January
2893.2
2910.4
February
2910.4
2926.5
March
2926.5
2945.05
April
2945.05
2962.39
May
2962.39
2980.87
June
2980.87
2998.26
July
2998.26
3015.28
August
3015.28
3029.81
September
3029.81
3044.64
October
3044.64
3059.22
November
3059.22
3072.86
December
3072.86
3086.37
Month
Open(₹)
Close(₹)
January
2691.54
2706.51
February
2706.51
2720.39
March
2720.39
2738.9
April
2738.9
2754.51
May
2754.51
2770.52
June
2770.52
2788.02
July
2788.02
2805.35
August
2805.35
2822.22
September
2822.22
2838.71
October
2838.71
2856.88
November
2856.88
2874.87
December
2874.87
2893.2
Month
Open(₹)
Close(₹)
January
2521.37
2535.76
February
2535.76
2548.74
March
2548.74
2563.5
April
2563.5
2577.18
May
2577.18
2591.52
June
2591.52
2605.52
July
2605.52
2620.13
August
2620.13
2634.53
September
2634.53
2648.56
October
2648.56
2662.9
November
2662.9
2676.82
December
2676.82
2691.54
Month
Open(₹)
Close(₹)
January
2341.06
2355.76
February
2355.76
2370.07
March
2370.07
2388.16
April
2388.16
2404.15
May
2404.15
2420.12
June
2420.12
2435.49
July
2435.49
2450.64
August
2450.64
2465.28
September
2465.28
2479.38
October
2479.38
2493.69
November
2493.69
2507.73
December
2507.73
2521.37
Month
Open(₹)
Close(₹)
January
2159.21
2174.77
February
2174.77
2188.83
March
2188.83
2205.72
April
2205.72
2221.36
May
2221.36
2237.16
June
2237.16
2252.26
July
2252.26
2267.58
August
2267.58
2282.48
September
2282.48
2297.15
October
2297.15
2311.94
November
2311.94
2326.14
December
2326.14
2341.06
Month
Open(₹)
Close(₹)
January
1977.24
1992.09
February
1992.09
2005.55
March
2005.55
2022.13
April
2022.13
2037.54
May
2037.54
2053.02
June
2053.02
2067.71
July
2067.71
2082.79
August
2082.79
2097.97
September
2097.97
2113.06
October
2113.06
2128.78
November
2128.78
2143.79
December
2143.79
2159.21
Month
Open(₹)
Close(₹)
January
1805.89
1819.56
February
1819.56
1831.14
March
1831.14
1844.99
April
1844.99
1858.94
May
1858.94
1872.36
June
1872.36
1885.21
July
1885.21
1895.04
August
1895.04
1912.63
September
1912.63
1929.84
October
1929.84
1946.85
November
1946.85
1962.03
December
1962.03
1977.24

What does Tata Liquid 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 Liquid Fund Direct Plan Growth as on 04.10.2022 is 6.83.

Check Tata Liquid 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.