Tata S&P BSE Sensex Index Fund Direct Plan Net Asset Value

NAV details of Tata S&P BSE Sensex Index Fund Direct Plan:

Tata S&P BSE Sensex Index Fund Direct Plan NAV Today(02.10.2022)
₹148.761.78 %
Exit Load
0.25%

How was the NAV for Tata S&P BSE Sensex Index Fund Direct Plan 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 S&P BSE Sensex Index Fund Direct Plan NAV calculation:

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

Tata S&P BSE Sensex Index Fund Direct Plan NAV History

Tata S&P BSE Sensex Index Fund Direct Plan NAV Monthly History

Month
Open(₹)
Close(₹)
January
149.56
151.15
February
151.15
144.63
March
144.63
152.34
April
152.34
146.74
May
146.74
143.06
June
143.06
136.86
July
136.86
150.41
August
150.41
152.28
September
152.28
148.76
October
148.76
-
Month
Open(₹)
Close(₹)
January
122.83
124.69
February
124.69
127.93
March
127.93
128.36
April
128.36
125.05
May
125.05
133.16
June
133.16
134.35
July
134.35
135.12
August
135.12
147.19
September
147.19
150.8
October
150.8
154.46
November
154.46
148.18
December
148.18
149.56
Month
Open(₹)
Close(₹)
January
105.02
103.55
February
103.55
97.49
March
97.49
72.79
April
72.79
86.3
May
86.3
85.3
June
85.3
90.63
July
90.63
96.58
August
96.58
99.9
September
99.9
99.48
October
99.48
102
November
102
114.75
December
114.75
122.83
Month
Open(₹)
Close(₹)
January
91.41
91.97
February
91.97
91.01
March
91.01
98.05
April
98.05
98.4
May
98.4
100.21
June
100.21
100.4
July
100.4
94.04
August
94.04
95.04
September
95.04
97.43
October
97.43
102.2
November
102.2
103.77
December
103.77
105.02
Month
Open(₹)
Close(₹)
January
84.36
89.48
February
89.48
84.91
March
84.91
82.31
April
82.31
87.71
May
87.71
88.1
June
88.1
88.83
July
88.83
94.16
August
94.16
96.98
September
96.98
91.8
October
91.8
86.78
November
86.78
91.24
December
91.24
91.41
Month
Open(₹)
Close(₹)
January
66.02
69.72
February
69.72
71.84
March
71.84
73.46
April
73.46
74.17
May
74.17
77.26
June
77.26
77
July
77
81.23
August
81.23
79.55
September
79.55
78.04
October
78.04
83.84
November
83.84
81.91
December
81.91
84.36
Month
Open(₹)
Close(₹)
January
64.14
60.9
February
60.9
58.37
March
58.37
62.18
April
62.18
62.99
May
62.99
65.79
June
65.79
67.08
July
67.08
69.32
August
69.32
70.39
September
70.39
69.04
October
69.04
69.12
November
69.12
65.88
December
65.88
66.02
Month
Open(₹)
Close(₹)
January
67.03
71.04
February
71.04
71.04
March
71.04
68.81
April
68.81
65.68
May
65.68
67.75
June
67.75
68.44
July
68.44
68.86
August
68.86
62.99
September
62.99
64.26
October
64.26
65.38
November
65.38
64.18
December
64.18
64.14
Month
Open(₹)
Close(₹)
January
51.52
49.98
February
49.98
51.41
March
51.41
54.55
April
54.55
54.44
May
54.44
58.82
June
58.82
62.15
July
62.15
62.25
August
62.25
65.66
September
65.66
64.87
October
64.87
68.01
November
68.01
69.63
December
69.63
67.03
Month
Open(₹)
Close(₹)
January
47.64
48.07
February
48.07
45.95
March
45.95
45.8
April
45.8
47.29
May
47.29
48.12
June
48.12
47.75
July
47.75
47.15
August
47.15
45.51
September
45.51
47.69
October
47.69
51.76
November
51.76
50.72
December
50.72
51.52

What does Tata S&P BSE Sensex Index Fund Direct Plan’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 S&P BSE Sensex Index Fund Direct Plan as on 02.10.2022 is 12.4.

Check Tata S&P BSE Sensex Index Fund Direct Plan 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.