UTI Flexi Cap Fund - Growth Option - Direct Net Asset Value

NAV details of UTI Flexi Cap Fund - Growth Option - Direct:

UTI Flexi Cap Fund - Growth Option - Direct NAV Today(27.09.2022)
₹248.721.63 %
Exit Load
1%

How was the NAV for UTI Flexi Cap Fund - Growth Option - Direct 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.

UTI Flexi Cap Fund - Growth Option - Direct NAV calculation:

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

UTI Flexi Cap Fund - Growth Option - Direct NAV History

UTI Flexi Cap Fund - Growth Option - Direct NAV Monthly History

Month
Open(₹)
Close(₹)
January
279.85
267.93
February
267.93
252.35
March
252.35
258.34
April
258.34
250.84
May
250.84
235.24
June
235.24
224.74
July
224.74
250.85
August
250.85
257.01
September
257.01
-
Month
Open(₹)
Close(₹)
January
208.56
208.06
February
208.06
217.12
March
217.12
222.55
April
222.55
219.94
May
219.94
231.71
June
231.71
241.53
July
241.53
250.58
August
250.58
268.25
September
268.25
274.62
October
274.62
281.65
November
281.65
275.64
December
275.64
279.85
Month
Open(₹)
Close(₹)
January
156.82
162.01
February
162.01
157.47
March
157.47
116.5
April
116.5
134.73
May
134.73
134.8
June
134.8
141.67
July
141.67
152.19
August
152.19
159.88
September
159.88
163.51
October
163.51
168.3
November
168.3
192.28
December
192.28
208.56
Month
Open(₹)
Close(₹)
January
139.58
137.9
February
137.9
139.01
March
139.01
147.93
April
147.93
146.17
May
146.17
147.02
June
147.02
146.59
July
146.59
136.38
August
136.38
138.8
September
138.8
144.43
October
144.43
151.7
November
151.7
154.38
December
154.38
156.82
Month
Open(₹)
Close(₹)
January
132.85
135.86
February
135.86
132
March
132
131.06
April
131.06
142.25
May
142.25
139.94
June
139.94
141.45
July
141.45
149.19
August
149.19
154.82
September
154.82
138.46
October
138.46
132.65
November
132.65
136.91
December
136.91
139.58
Month
Open(₹)
Close(₹)
January
102.47
108.73
February
108.73
112.59
March
112.59
116.38
April
116.38
117.33
May
117.33
118.86
June
118.86
120.18
July
120.18
126.38
August
126.38
124.82
September
124.82
124.02
October
124.02
127.49
November
127.49
127.75
December
127.75
132.85
Month
Open(₹)
Close(₹)
January
101.26
95.61
February
95.61
91.31
March
91.31
97.51
April
97.51
99.58
May
99.58
103.52
June
103.52
106.04
July
106.04
111.56
August
111.56
113.38
September
113.38
111.25
October
111.25
111.61
November
111.61
104.37
December
104.37
102.47
Month
Open(₹)
Close(₹)
January
99.67
105.1
February
105.1
104.48
March
104.48
104.77
April
104.77
99.8
May
99.8
103.39
June
103.39
103.45
July
103.45
106.16
August
106.16
99.32
September
99.32
101.88
October
101.88
101.82
November
101.82
100.89
December
100.89
101.26
Month
Open(₹)
Close(₹)
January
67.58
65.49
February
65.49
67.43
March
67.43
72.12
April
72.12
72.14
May
72.14
79.46
June
79.46
85.65
July
85.65
85.5
August
85.5
91.4
September
91.4
92.22
October
92.22
97.02
November
97.02
100.7
December
100.7
99.67
Month
Open(₹)
Close(₹)
January
63.06
63.28
February
63.28
60
March
60
59.28
April
59.28
61.98
May
61.98
63
June
63
61.7
July
61.7
60.17
August
60.17
57.5
September
57.5
61.04
October
61.04
65.81
November
65.81
64.82
December
64.82
67.58

What does UTI Flexi Cap Fund - Growth Option - Direct’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 UTI Flexi Cap Fund - Growth Option - Direct as on 27.09.2022 is 15.14.

Check UTI Flexi Cap Fund - Growth Option - Direct 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.