UTI MNC Fund Direct Growth Option Net Asset Value

NAV details of UTI MNC Fund Direct Growth Option:

UTI MNC Fund Direct Growth Option NAV Today(30.09.2022)
₹297.441.47 %
Exit Load
1%

How was the NAV for UTI MNC Fund Direct 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.

UTI MNC Fund Direct Growth Option NAV calculation:

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

UTI MNC Fund Direct Growth Option NAV History

UTI MNC Fund Direct Growth Option NAV Monthly History

Month
Open(₹)
Close(₹)
January
298.91
296.45
February
296.45
279.72
March
279.72
281.16
April
281.16
282.17
May
282.17
278.14
June
278.14
274.89
July
274.89
301.43
August
301.43
308.5
September
308.5
-
Month
Open(₹)
Close(₹)
January
239.11
238.23
February
238.23
244.32
March
244.32
251.37
April
251.37
245.86
May
245.86
256.27
June
256.27
270.19
July
270.19
278.18
August
278.18
293.68
September
293.68
298.67
October
298.67
301.83
November
301.83
290.52
December
290.52
298.91
Month
Open(₹)
Close(₹)
January
209.47
211.27
February
211.27
207.76
March
207.76
169.33
April
169.33
191.11
May
191.11
194.05
June
194.05
201.82
July
201.82
207.93
August
207.93
213.5
September
213.5
215.51
October
215.51
211.77
November
211.77
223.62
December
223.62
239.11
Month
Open(₹)
Close(₹)
January
210.36
206.97
February
206.97
202.74
March
202.74
204.11
April
204.11
201.37
May
201.37
203.35
June
203.35
200.46
July
200.46
187.45
August
187.45
193.6
September
193.6
203.78
October
203.78
216.94
November
216.94
209.1
December
209.1
209.47
Month
Open(₹)
Close(₹)
January
209.15
208.1
February
208.1
201.93
March
201.93
197.31
April
197.31
210.91
May
210.91
205.95
June
205.95
206.78
July
206.78
215.33
August
215.33
224.12
September
224.12
202.87
October
202.87
196.73
November
196.73
206.84
December
206.84
210.36
Month
Open(₹)
Close(₹)
January
151.63
161.1
February
161.1
161.68
March
161.68
169.66
April
169.66
173.23
May
173.23
177
June
177
178.1
July
178.1
185.45
August
185.45
185.84
September
185.84
184.76
October
184.76
194.85
November
194.85
197.36
December
197.36
209.15
Month
Open(₹)
Close(₹)
January
155.63
144.07
February
144.07
139.36
March
139.36
147.48
April
147.48
149.32
May
149.32
151.45
June
151.45
157.53
July
157.53
163.1
August
163.1
165.21
September
165.21
163.34
October
163.34
163.88
November
163.88
151.89
December
151.89
151.63
Month
Open(₹)
Close(₹)
January
136.78
145.62
February
145.62
150.85
March
150.85
153.99
April
153.99
147.66
May
147.66
153.02
June
153.02
154.36
July
154.36
162.26
August
162.26
154.57
September
154.57
154.93
October
154.93
157.18
November
157.18
153.95
December
153.95
155.63
Month
Open(₹)
Close(₹)
January
83.01
77.87
February
77.87
79.27
March
79.27
87.17
April
87.17
86.88
May
86.88
96.26
June
96.26
105.91
July
105.91
105.63
August
105.63
114.81
September
114.81
119.91
October
119.91
124.42
November
124.42
134.74
December
134.74
136.78
Month
Open(₹)
Close(₹)
January
74.6
71.99
February
71.99
68.96
March
68.96
68.32
April
68.32
72.8
May
72.8
76.44
June
76.44
74.53
July
74.53
72.16
August
72.16
69.67
September
69.67
73.83
October
73.83
77.4
November
77.4
78.28
December
78.28
83.01

What does UTI MNC Fund Direct 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 UTI MNC Fund Direct Growth Option as on 30.09.2022 is 15.27.

Check UTI MNC Fund Direct 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.