Tata Retirement Savings Moderate Fund Direct Plan Growth Net Asset Value

NAV details of Tata Retirement Savings Moderate Fund Direct Plan Growth:

Tata Retirement Savings Moderate Fund Direct Plan Growth NAV Today(30.09.2022)
₹48.460.06 %
Exit Load
1%

How was the NAV for Tata Retirement Savings Moderate 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 Retirement Savings Moderate Fund Direct Plan Growth NAV calculation:

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

Tata Retirement Savings Moderate Fund Direct Plan Growth NAV History

Tata Retirement Savings Moderate Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
49.54
48.73
February
48.73
46.31
March
46.31
47.86
April
47.86
47.12
May
47.12
46
June
46
44.44
July
44.44
47.79
August
47.79
49.23
September
49.23
-
Month
Open(₹)
Close(₹)
January
40.68
40.67
February
40.67
41.91
March
41.91
42.11
April
42.11
42.01
May
42.01
43.86
June
43.86
44.9
July
44.9
45.77
August
45.77
48.37
September
48.37
49.27
October
49.27
49.95
November
49.95
48.91
December
48.91
49.54
Month
Open(₹)
Close(₹)
January
34.72
35.19
February
35.19
33.83
March
33.83
27.3
April
27.3
31.1
May
31.1
31.13
June
31.13
32.46
July
32.46
34.09
August
34.09
35.02
September
35.02
35.76
October
35.76
35.98
November
35.98
38.41
December
38.41
40.68
Month
Open(₹)
Close(₹)
January
31.52
30.77
February
30.77
30.89
March
30.89
32.92
April
32.92
32.78
May
32.78
33.31
June
33.31
32.97
July
32.97
31.07
August
31.07
31.34
September
31.34
33.02
October
33.02
34.37
November
34.37
34.56
December
34.56
34.72
Month
Open(₹)
Close(₹)
January
32.14
32.33
February
32.33
31.15
March
31.15
30.67
April
30.67
32.73
May
32.73
32.18
June
32.18
31.75
July
31.75
33.17
August
33.17
33.53
September
33.53
30.22
October
30.22
29.9
November
29.9
31.14
December
31.14
31.52
Month
Open(₹)
Close(₹)
January
22.97
24.77
February
24.77
25.66
March
25.66
26.5
April
26.5
28.01
May
28.01
27.81
June
27.81
28.01
July
28.01
29.4
August
29.4
29.95
September
29.95
29.92
October
29.92
31.09
November
31.09
30.97
December
30.97
32.14
Month
Open(₹)
Close(₹)
January
21.3
20.34
February
20.34
19.38
March
19.38
20.72
April
20.72
21.24
May
21.24
21.77
June
21.77
22.61
July
22.61
23.78
August
23.78
24.18
September
24.18
24.32
October
24.32
24.49
November
24.49
23.04
December
23.04
22.97
Month
Open(₹)
Close(₹)
January
19.53
20.73
February
20.73
21.23
March
21.23
21.39
April
21.39
20.9
May
20.9
21.56
June
21.56
21.45
July
21.45
21.67
August
21.67
20.75
September
20.75
21.09
October
21.09
21.15
November
21.15
21.13
December
21.13
21.3
Month
Open(₹)
Close(₹)
January
12.39
12.03
February
12.03
12.52
March
12.52
13.23
April
13.23
13.43
May
13.43
14.76
June
14.76
16
July
16
16.15
August
16.15
17.23
September
17.23
17.78
October
17.78
18.38
November
18.38
19.28
December
19.28
19.53
Month
Open(₹)
Close(₹)
January
11.94
11.94
February
11.94
11.49
March
11.49
11.39
April
11.39
11.84
May
11.84
11.91
June
11.91
11.76
July
11.76
11.5
August
11.5
11.01
September
11.01
11.52
October
11.52
12.29
November
12.29
12.11
December
12.11
12.39

What does Tata Retirement Savings Moderate 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 Retirement Savings Moderate Fund Direct Plan Growth as on 30.09.2022 is 15.47.

Check Tata Retirement Savings Moderate 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.