UTI Hybrid Equity Fund-Growth - Direct Net Asset Value

NAV details of UTI Hybrid Equity Fund-Growth - Direct:

UTI Hybrid Equity Fund-Growth - Direct NAV Today(29.09.2022)
₹264.281.44 %
Exit Load
1%

How was the NAV for UTI Hybrid Equity Fund-Growth - 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 Hybrid Equity Fund-Growth - Direct NAV calculation:

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

UTI Hybrid Equity Fund-Growth - Direct NAV History

UTI Hybrid Equity Fund-Growth - Direct NAV Monthly History

Month
Open(₹)
Close(₹)
January
261.37
265.8
February
265.8
253.28
March
253.28
263.1
April
263.1
257.36
May
257.36
253.83
June
253.83
247.67
July
247.67
265.54
August
265.54
270.83
September
270.83
-
Month
Open(₹)
Close(₹)
January
199.94
207.27
February
207.27
216.91
March
216.91
217.83
April
217.83
218.91
May
218.91
232.15
June
232.15
237.79
July
237.79
245.16
August
245.16
253.54
September
253.54
260.63
October
260.63
267.87
November
267.87
259.45
December
259.45
261.37
Month
Open(₹)
Close(₹)
January
174.89
175.18
February
175.18
165.36
March
165.36
129.76
April
129.76
148.11
May
148.11
150.03
June
150.03
157.64
July
157.64
165.53
August
165.53
171.99
September
171.99
169.72
October
169.72
171.17
November
171.17
189.99
December
189.99
199.94
Month
Open(₹)
Close(₹)
January
169.49
166.87
February
166.87
167.08
March
167.08
175.97
April
175.97
173.6
May
173.6
176.02
June
176.02
175.14
July
175.14
165.76
August
165.76
164.87
September
164.87
165.59
October
165.59
171.14
November
171.14
173.67
December
173.67
174.89
Month
Open(₹)
Close(₹)
January
177.74
179.32
February
179.32
173.58
March
173.58
169.07
April
169.07
176.25
May
176.25
172.07
June
172.07
170.13
July
170.13
175.14
August
175.14
180.51
September
180.51
169.59
October
169.59
166.37
November
166.37
168.39
December
168.39
169.49
Month
Open(₹)
Close(₹)
January
140.45
147.2
February
147.2
151.05
March
151.05
154.27
April
154.27
157.9
May
157.9
159.98
June
159.98
161.04
July
161.04
165.74
August
165.74
166.18
September
166.18
165.6
October
165.6
173.1
November
173.1
172.24
December
172.24
177.74
Month
Open(₹)
Close(₹)
January
128.71
121.96
February
121.96
116.48
March
116.48
123.82
April
123.82
127.05
May
127.05
131.16
June
131.16
136.18
July
136.18
140.77
August
140.77
143.39
September
143.39
143.99
October
143.99
146.85
November
146.85
141.47
December
141.47
140.45
Month
Open(₹)
Close(₹)
January
124.99
129.66
February
129.66
130.6
March
130.6
129.13
April
129.13
125.19
May
125.19
127.97
June
127.97
127.91
July
127.91
130.97
August
130.97
124.69
September
124.69
127.59
October
127.59
128.38
November
128.38
127.89
December
127.89
128.71
Month
Open(₹)
Close(₹)
January
93.76
91.47
February
91.47
92.93
March
92.93
98.49
April
98.49
99.17
May
99.17
108.14
June
108.14
113.79
July
113.79
112.76
August
112.76
117.64
September
117.64
119.68
October
119.68
122.48
November
122.48
126.05
December
126.05
124.99
Month
Open(₹)
Close(₹)
January
88.16
88.22
February
88.22
84.64
March
84.64
84.6
April
84.6
86.43
May
86.43
86.52
June
86.52
84.93
July
84.93
82.26
August
82.26
80.52
September
80.52
84.07
October
84.07
90.27
November
90.27
90.51
December
90.51
93.76

What does UTI Hybrid Equity Fund-Growth - 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 Hybrid Equity Fund-Growth - Direct as on 29.09.2022 is 11.94.

Check UTI Hybrid Equity Fund-Growth - 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.