Tata Treasury Advantage Fund Direct Plan Growth Net Asset Value

NAV details of Tata Treasury Advantage Fund Direct Plan Growth:

Tata Treasury Advantage Fund Direct Plan Growth NAV Today(06.10.2022)
₹3310.480.03 %
Exit Load
0%

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

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

Tata Treasury Advantage Fund Direct Plan Growth NAV History

Tata Treasury Advantage Fund Direct Plan Growth NAV Monthly History

Month
Open(₹)
Close(₹)
January
3215.98
3224.98
February
3224.98
3236.47
March
3236.47
3248.6
April
3248.6
3257.5
May
3257.5
3254.24
June
3254.24
3266.29
July
3266.29
3283.57
August
3283.57
3299.48
September
3299.48
3306.96
October
3306.96
-
Month
Open(₹)
Close(₹)
January
3096.5
3096.25
February
3096.25
3103.5
March
3103.5
3118.83
April
3118.83
3134
May
3134
3144.45
June
3144.45
3152.69
July
3152.69
3167.42
August
3167.42
3181.39
September
3181.39
3187.72
October
3187.72
3194.7
November
3194.7
3206.04
December
3206.04
3215.98
Month
Open(₹)
Close(₹)
January
2876.26
2892.45
February
2892.45
2907.86
March
2907.86
2922.63
April
2922.63
2937.25
May
2937.25
2975.38
June
2975.38
3005.34
July
3005.34
3026.45
August
3026.45
3040.15
September
3040.15
3050.67
October
3050.67
3070.62
November
3070.62
3086.99
December
3086.99
3096.5
Month
Open(₹)
Close(₹)
January
2810.49
2828.84
February
2828.84
2846.29
March
2846.29
2871.44
April
2871.44
2883.55
May
2883.55
2903.73
June
2903.73
2762.89
July
2762.89
2790.52
August
2790.52
2808.96
September
2808.96
2825.59
October
2825.59
2849.99
November
2849.99
2865.39
December
2865.39
2876.26
Month
Open(₹)
Close(₹)
January
2609.82
2620.53
February
2620.53
2634.18
March
2634.18
2655.46
April
2655.46
2665.61
May
2665.61
2679.66
June
2679.66
2699.24
July
2699.24
2720.06
August
2720.06
2736.26
September
2736.26
2746.1
October
2746.1
2763.05
November
2763.05
2786.07
December
2786.07
2810.49
Month
Open(₹)
Close(₹)
January
2435.05
2452.84
February
2452.84
2465.83
March
2465.83
2481.54
April
2481.54
2494.64
May
2494.64
2511.88
June
2511.88
2526.58
July
2526.58
2545.68
August
2545.68
2561.12
September
2561.12
2571.73
October
2571.73
2587.94
November
2587.94
2599.68
December
2599.68
2609.82
Month
Open(₹)
Close(₹)
January
2241.25
2253.47
February
2253.47
2266.27
March
2266.27
2288.79
April
2288.79
2304.95
May
2304.95
2321.11
June
2321.11
2337.32
July
2337.32
2357.97
August
2357.97
2375.23
September
2375.23
2390.38
October
2390.38
2406.34
November
2406.34
2428.2
December
2428.2
2435.05
Month
Open(₹)
Close(₹)
January
2059.99
2074.1
February
2074.1
2086.81
March
2086.81
2106.22
April
2106.22
2120.33
May
2120.33
2137.7
June
2137.7
2152.18
July
2152.18
2168.4
August
2168.4
2183.79
September
2183.79
2200.66
October
2200.66
2214.68
November
2214.68
2228.44
December
2228.44
2241.25
Month
Open(₹)
Close(₹)
January
1883.78
1896.45
February
1896.45
1909.11
March
1909.11
1926.5
April
1926.5
1941.23
May
1941.23
1956.58
June
1956.58
1971.48
July
1971.48
1985.54
August
1985.54
1999.98
September
1999.98
2014.98
October
2014.98
2029.95
November
2029.95
2045.6
December
2045.6
2059.99
Month
Open(₹)
Close(₹)
January
1720.97
1733.06
February
1733.06
1743.73
March
1743.73
1755.82
April
1755.82
1772.21
May
1772.21
1785.28
June
1785.28
1797.24
July
1797.24
1800.63
August
1800.63
1813.07
September
1813.07
1837.93
October
1837.93
1855.3
November
1855.3
1867.82
December
1867.82
1883.78

What does Tata Treasury Advantage 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 Treasury Advantage Fund Direct Plan Growth as on 06.10.2022 is 6.94.

Check Tata Treasury Advantage 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.