UTI Overnight Fund Direct Reinvestment Inc Dist cum Cap Wdrl Net Asset Value

NAV details of UTI Overnight Fund Direct Reinvestment Inc Dist cum Cap Wdrl:

UTI Overnight Fund Direct Reinvestment Inc Dist cum Cap Wdrl NAV Today(30.09.2022)
₹1561.520.02 %
Exit Load
0%

How was the NAV for UTI Overnight Fund Direct Reinvestment 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 Overnight Fund Direct Reinvestment Inc Dist cum Cap Wdrl NAV calculation:

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

UTI Overnight Fund Direct Reinvestment Inc Dist cum Cap Wdrl NAV History

UTI Overnight Fund Direct Reinvestment Inc Dist cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1544.29
1549.08
February
1549.08
1552.96
March
1552.96
1527.33
April
1527.33
1531.83
May
1531.83
1537.03
June
1537.03
1542.72
July
1542.72
1548.99
August
1548.99
1555.68
September
1555.68
-
Month
Open(₹)
Close(₹)
January
1516.5
1520.46
February
1520.46
1523.87
March
1523.87
1507.82
April
1507.82
1511.65
May
1511.65
1515.89
June
1515.89
1519.85
July
1519.85
1523.9
August
1523.9
1527.81
September
1527.81
1531.76
October
1531.76
1535.88
November
1535.88
1540.06
December
1540.06
1544.29
Month
Open(₹)
Close(₹)
January
1505.94
1511.74
February
1511.74
1517.84
March
1517.84
1482.56
April
1482.56
1486.07
May
1486.07
1490.06
June
1490.06
1493.65
July
1493.65
1497.44
August
1497.44
1501.47
September
1501.47
1505.31
October
1505.31
1509.24
November
1509.24
1512.65
December
1512.65
1516.5
Month
Open(₹)
Close(₹)
January
1463.99
1471.52
February
1471.52
1478.53
March
1478.53
1446.61
April
1446.61
1453.65
May
1453.65
1460.43
June
1460.43
1467.67
July
1467.67
1474.56
August
1474.56
1480.53
September
1480.53
1487.76
October
1487.76
1493.86
November
1493.86
1499.9
December
1499.9
1505.94
Month
Open(₹)
Close(₹)
January
1421.46
1424.8
February
1424.8
1432.18
March
1432.18
1401.59
April
1401.59
1403.54
May
1403.54
1411.55
June
1411.55
1418.39
July
1418.39
1425.8
August
1425.8
1433.47
September
1433.47
1440.93
October
1440.93
1448.65
November
1448.65
1456.19
December
1456.19
1463.99
Month
Open(₹)
Close(₹)
January
1419.26
1430.52
February
1430.52
1426
March
1426
1365.56
April
1365.56
1366.41
May
1366.41
1379.49
June
1379.49
1387.98
July
1387.98
1397.07
August
1397.07
1405.55
September
1405.55
1410.29
October
1410.29
1415.56
November
1415.56
1418.45
December
1418.45
1421.46
Month
Open(₹)
Close(₹)
January
1360.39
1368.54
February
1368.54
1373.14
March
1373.14
1320.24
April
1320.24
1327.93
May
1327.93
1335.64
June
1335.64
1347.75
July
1347.75
1364.84
August
1364.84
1374.01
September
1374.01
1386.56
October
1386.56
1399.17
November
1399.17
1422.59
December
1422.59
1419.26
Month
Open(₹)
Close(₹)
January
1297
1308.67
February
1308.67
1316.64
March
1316.64
1287.16
April
1287.16
1294.04
May
1294.04
1301.32
June
1301.32
1309.6
July
1309.6
1316.88
August
1316.88
1326.98
September
1326.98
1339.47
October
1339.47
1346
November
1346
1355.13
December
1355.13
1360.39
Month
Open(₹)
Close(₹)
January
1248.05
1256.55
February
1256.55
1264.19
March
1264.19
1252.14
April
1252.14
1260.75
May
1260.75
1269.23
June
1269.23
1277.83
July
1277.83
1286.39
August
1286.39
1294.81
September
1294.81
1270.23
October
1270.23
1279.04
November
1279.04
1286.61
December
1286.61
1297
Month
Open(₹)
Close(₹)
February
1190.46
1198.68
March
1198.68
1189.48
April
1189.48
1198.41
May
1198.41
1208.17
June
1208.17
1207.85
July
1207.85
1214.4
August
1214.4
1227.42
September
1227.42
1221.25
October
1221.25
1230.78
November
1230.78
1239.79
December
1239.79
1248.05

What does UTI Overnight Fund Direct Reinvestment 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 Overnight Fund Direct Reinvestment Inc Dist cum Cap Wdrl as on 30.09.2022 is 5.41.

Check UTI Overnight Fund Direct Reinvestment 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.