UTI Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl Net Asset Value

NAV details of UTI Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl:

UTI Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl NAV Today(05.10.2022)
₹1246.450.08 %
Exit Load
0%

How was the NAV for UTI Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl 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 Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl NAV calculation:

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

UTI Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl NAV History

UTI Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1205.97
1210.04
February
1210.04
1214.03
March
1214.03
1219.24
April
1219.24
1222.76
May
1222.76
1224.5
June
1224.5
1229.81
July
1229.81
1235.2
August
1235.2
1241.05
September
1241.05
1245.44
October
1245.44
-
Month
Open(₹)
Close(₹)
January
1161.45
1164.17
February
1164.17
1167.82
March
1167.82
1172.42
April
1172.42
1176.34
May
1176.34
1179.89
June
1179.89
1183.61
July
1183.61
1187.5
August
1187.5
1192.01
September
1192.01
1195.1
October
1195.1
1198.19
November
1198.19
1202.31
December
1202.31
1205.97
Month
Open(₹)
Close(₹)
January
1140.65
1139.49
February
1139.49
1138.41
March
1138.41
1138.24
April
1138.24
1140.98
May
1140.98
1146.29
June
1146.29
1147.57
July
1147.57
1147.53
August
1147.53
1145.77
September
1145.77
1149.56
October
1149.56
1153.95
November
1153.95
1158.13
December
1158.13
1161.45
Month
Open(₹)
Close(₹)
January
1138.51
1138.78
February
1138.78
1137.82
March
1137.82
1139.81
April
1139.81
1137.54
May
1137.54
1140.02
June
1140.02
1139.07
July
1139.07
1142.9
August
1142.9
1143.05
September
1143.05
1142.66
October
1142.66
1143.47
November
1143.47
1142.34
December
1142.34
1140.65
Month
Open(₹)
Close(₹)
January
1112.35
1118.56
February
1118.56
1124.31
March
1124.31
1131.9
April
1131.9
1138.32
May
1138.32
1136.99
June
1136.99
1136.91
July
1136.91
1137.55
August
1137.55
1137.5
September
1137.5
1136.46
October
1136.46
1137.7
November
1137.7
1137.48
December
1137.48
1138.51
Month
Open(₹)
Close(₹)
January
1065.26
1065.19
February
1065.19
1064.86
March
1064.86
1065.61
April
1065.61
1064.73
May
1064.73
1070.67
June
1070.67
1076.54
July
1076.54
1082.62
August
1082.62
1088.61
September
1088.61
1094.42
October
1094.42
1100.39
November
1100.39
1106.18
December
1106.18
1112.35
Month
Open(₹)
Close(₹)
January
1087.31
1094.24
February
1094.24
1100.9
March
1100.9
1059.43
April
1059.43
1066.62
May
1066.62
1066.31
June
1066.31
1066.19
July
1066.19
1066.08
August
1066.08
1065.8
September
1065.8
1065.53
October
1065.53
1065.14
November
1065.14
1065.46
December
1065.46
1065.26
Month
Open(₹)
Close(₹)
January
1002.57
1009.8
February
1009.8
1016.35
March
1016.35
1024.11
April
1024.11
1031.18
May
1031.18
1038.72
June
1038.72
1045.74
July
1045.74
1052.88
August
1052.88
1059.85
September
1059.85
1066.73
October
1066.73
1073.68
November
1073.68
1080.32
December
1080.32
1087.31

What does UTI Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl’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 Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl as on 05.10.2022 is 5.6.

Check UTI Money Market Fund - Direct Plan - Monthly Payout Inc Dist cum Cap Wdrl 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.