Union Liquid Fund Direct Plan Growth Option Net Asset Value

NAV details of Union Liquid Fund Direct Plan Growth Option:

Union Liquid Fund Direct Plan Growth Option NAV Today(25.09.2022)
₹2097.080.03 %
Exit Load
0.01%

How was the NAV for Union Liquid Fund Direct Plan Growth Option 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.

Union Liquid Fund Direct Plan Growth Option NAV calculation:

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

Union Liquid Fund Direct Plan Growth Option NAV History

Union Liquid Fund Direct Plan Growth Option NAV Monthly History

Month
Open(₹)
Close(₹)
January
2032.86
2038.97
February
2038.97
2044.57
March
2044.57
2050.95
April
2050.95
2057.37
May
2057.37
2064.01
June
2064.01
2071.79
July
2071.79
2080.41
August
2080.41
2090.12
September
2090.12
-
Month
Open(₹)
Close(₹)
January
1966.47
1971.35
February
1971.35
1976.46
March
1976.46
1982.06
April
1982.06
1987.39
May
1987.39
1993.06
June
1993.06
1998.67
July
1998.67
2004.4
August
2004.4
2010.17
September
2010.17
2015.19
October
2015.19
2020.84
November
2020.84
2026.84
December
2026.84
2032.86
Month
Open(₹)
Close(₹)
January
1883.4
1891.34
February
1891.34
1899.36
March
1899.36
1911.66
April
1911.66
1919.88
May
1919.88
1928.58
June
1928.58
1934.69
July
1934.69
1939.75
August
1939.75
1945.64
September
1945.64
1950.79
October
1950.79
1956.29
November
1956.29
1961.35
December
1961.35
1966.47
Month
Open(₹)
Close(₹)
January
1768.49
1778.43
February
1778.43
1787.73
March
1787.73
1799.12
April
1799.12
1809.66
May
1809.66
1820.06
June
1820.06
1830.57
July
1830.57
1840.92
August
1840.92
1850.21
September
1850.21
1858.64
October
1858.64
1866.95
November
1866.95
1875.21
December
1875.21
1883.4
Month
Open(₹)
Close(₹)
January
1705.45
1714.81
February
1714.81
1723.54
March
1723.54
1735.1
April
1735.1
1745.09
May
1745.09
1755.35
June
1755.35
1766.31
July
1766.31
1777.32
August
1777.32
1788.15
September
1788.15
1737.43
October
1737.43
1748.05
November
1748.05
1758.05
December
1758.05
1768.49
Month
Open(₹)
Close(₹)
January
1599.63
1608.46
February
1608.46
1616.58
March
1616.58
1625.66
April
1625.66
1634.26
May
1634.26
1643.15
June
1643.15
1651.85
July
1651.85
1660.92
August
1660.92
1669.86
September
1669.86
1678.48
October
1678.48
1687.45
November
1687.45
1696.23
December
1696.23
1705.45
Month
Open(₹)
Close(₹)
January
1487.19
1496.59
February
1496.59
1505.64
March
1505.64
1516.38
April
1516.38
1526.42
May
1526.42
1536.43
June
1536.43
1546.01
July
1546.01
1555.4
August
1555.4
1564.59
September
1564.59
1573.46
October
1573.46
1582.5
November
1582.5
1591.25
December
1591.25
1599.63
Month
Open(₹)
Close(₹)
January
1372.96
1382.73
February
1382.73
1391.61
March
1391.61
1402.22
April
1402.22
1412
May
1412
1421.85
June
1421.85
1431.26
July
1431.26
1440.94
August
1440.94
1450.38
September
1450.38
1459.56
October
1459.56
1468.92
November
1468.92
1477.85
December
1477.85
1487.19
Month
Open(₹)
Close(₹)
January
1258.36
1267.43
February
1267.43
1275.84
March
1275.84
1286.43
April
1286.43
1296.21
May
1296.21
1305.96
June
1305.96
1315.26
July
1315.26
1324.81
August
1324.81
1334.38
September
1334.38
1343.91
October
1343.91
1353.75
November
1353.75
1363.23
December
1363.23
1372.96
Month
Open(₹)
Close(₹)
January
1150.99
1159.35
February
1159.35
1166.78
March
1166.78
1175.46
April
1175.46
1184.2
May
1184.2
1192.3
June
1192.3
1200.53
July
1200.53
1207.15
August
1207.15
1218.23
September
1218.23
1228.92
October
1228.92
1239.38
November
1239.38
1248.8
December
1248.8
1258.36

What does Union Liquid Fund Direct Plan Growth Option’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 Union Liquid Fund Direct Plan Growth Option as on 25.09.2022 is 6.36.

Check Union Liquid Fund Direct Plan Growth Option 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.