UTI Healthcare Fund-Growth Option- Direct Net Asset Value

NAV details of UTI Healthcare Fund-Growth Option- Direct:

UTI Healthcare Fund-Growth Option- Direct NAV Today(26.09.2022)
₹160.580.65 %
Exit Load
1%

How was the NAV for UTI Healthcare 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 Healthcare Fund-Growth Option- Direct NAV calculation:

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

UTI Healthcare Fund-Growth Option- Direct NAV History

UTI Healthcare Fund-Growth Option- Direct NAV Monthly History

Month
Open(₹)
Close(₹)
January
184.09
173.62
February
173.62
163.14
March
163.14
171.48
April
171.48
169.83
May
169.83
156.65
June
156.65
154.05
July
154.05
161.74
August
161.74
162.17
September
162.17
-
Month
Open(₹)
Close(₹)
January
154.1
146.49
February
146.49
147.02
March
147.02
151.01
April
151.01
164.06
May
164.06
172.17
June
172.17
179.72
July
179.72
182.23
August
182.23
183.27
September
183.27
185.72
October
185.72
178.77
November
178.77
175.59
December
175.59
184.09
Month
Open(₹)
Close(₹)
January
91.03
93.75
February
93.75
92.23
March
92.23
84.47
April
84.47
106.79
May
106.79
110.5
June
110.5
111.27
July
111.27
126.98
August
126.98
130.44
September
130.44
139.61
October
139.61
136.73
November
136.73
145.28
December
145.28
154.1
Month
Open(₹)
Close(₹)
January
88.8
88.96
February
88.96
88.44
March
88.44
91.27
April
91.27
91.56
May
91.56
85.34
June
85.34
84.66
July
84.66
82.66
August
82.66
83.7
September
83.7
81.75
October
81.75
88.14
November
88.14
90.72
December
90.72
91.03
Month
Open(₹)
Close(₹)
January
94.61
92.83
February
92.83
91.5
March
91.5
86.1
April
86.1
91
May
91
83.35
June
83.35
86.58
July
86.58
91.09
August
91.09
100.03
September
100.03
93.93
October
93.93
90.53
November
90.53
89.94
December
89.94
88.8
Month
Open(₹)
Close(₹)
January
88.48
88.21
February
88.21
92.81
March
92.81
92.84
April
92.84
90.14
May
90.14
84.06
June
84.06
87.63
July
87.63
89.24
August
89.24
84.96
September
84.96
85.64
October
85.64
89.45
November
89.45
89.31
December
89.31
94.61
Month
Open(₹)
Close(₹)
January
97.29
95
February
95
90
March
90
88.44
April
88.44
90.9
May
90.9
89.47
June
89.47
93.26
July
93.26
96.72
August
96.72
96.36
September
96.36
96.42
October
96.42
97.41
November
97.41
94.69
December
94.69
88.48
Month
Open(₹)
Close(₹)
January
85.57
90.58
February
90.58
90.16
March
90.16
103.21
April
103.21
94.27
May
94.27
95.7
June
95.7
96.25
July
96.25
98.57
August
98.57
102.21
September
102.21
103.54
October
103.54
104.13
November
104.13
95.16
December
95.16
97.29
Month
Open(₹)
Close(₹)
January
59.3
59.74
February
59.74
63.53
March
63.53
60.11
April
60.11
63.06
May
63.06
60.92
June
60.92
67.42
July
67.42
71.63
August
71.63
78.47
September
78.47
83.45
October
83.45
83.46
November
83.46
86.67
December
86.67
85.57
Month
Open(₹)
Close(₹)
January
47.69
46.81
February
46.81
44.89
March
44.89
46.2
April
46.2
49.47
May
49.47
51.01
June
51.01
51.42
July
51.42
52.47
August
52.47
51.78
September
51.78
54.44
October
54.44
55.47
November
55.47
56.92
December
56.92
59.3

What does UTI Healthcare 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 Healthcare Fund-Growth Option- Direct as on 26.09.2022 is 13.3.

Check UTI Healthcare 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.