UTI - Ultra Short Term Fund - Direct Plan -Flexi Reinvestment Inc Dist cum Cap Wdrl Net Asset Value

NAV details of UTI - Ultra Short Term Fund - Direct Plan -Flexi Reinvestment Inc Dist cum Cap Wdrl:

UTI - Ultra Short Term Fund - Direct Plan -Flexi Reinvestment Inc Dist cum Cap Wdrl NAV Today(06.10.2022)
₹1807.70.03 %
Exit Load
0%

How was the NAV for UTI - Ultra Short Term Fund - Direct Plan -Flexi 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 - Ultra Short Term Fund - Direct Plan -Flexi Reinvestment Inc Dist cum Cap Wdrl NAV calculation:

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

UTI - Ultra Short Term Fund - Direct Plan -Flexi Reinvestment Inc Dist cum Cap Wdrl NAV History

UTI - Ultra Short Term Fund - Direct Plan -Flexi Reinvestment Inc Dist cum Cap Wdrl NAV Monthly History

Month
Open(₹)
Close(₹)
January
1750.82
1756.29
February
1756.29
1761.8
March
1761.8
1769.05
April
1769.05
1774.07
May
1774.07
1775.83
June
1775.83
1783.13
July
1783.13
1791.44
August
1791.44
1799.91
September
1799.91
1805.65
October
1805.65
-
Month
Open(₹)
Close(₹)
January
1681.03
1685.29
February
1685.29
1690.66
March
1690.66
1656.39
April
1656.39
1662.26
May
1662.26
1667.4
June
1667.4
1672.57
July
1672.57
1678.06
August
1678.06
1684.64
September
1684.64
1733.41
October
1733.41
1739.92
November
1739.92
1745.67
December
1745.67
1750.82
Month
Open(₹)
Close(₹)
January
1593.58
1602.69
February
1602.69
1604.34
March
1604.34
1607.71
April
1607.71
1617.64
May
1617.64
1629.91
June
1629.91
1639.33
July
1639.33
1647.17
August
1647.17
1653.01
September
1653.01
1659.56
October
1659.56
1667.34
November
1667.34
1674.93
December
1674.93
1681.03
Month
Open(₹)
Close(₹)
January
1583.75
1593.55
February
1593.55
1602.04
March
1602.04
1564.48
April
1564.48
1573.32
May
1573.32
1584.95
June
1584.95
1535.2
July
1535.2
1545.79
August
1545.79
1548.64
September
1548.64
1565.83
October
1565.83
1576.69
November
1576.69
1584.7
December
1584.7
1593.58
Month
Open(₹)
Close(₹)
January
1471.89
1478.74
February
1478.74
1486.1
March
1486.1
1497.45
April
1497.45
1504.74
May
1504.74
1512.72
June
1512.72
1522.33
July
1522.33
1533.53
August
1533.53
1543.15
September
1543.15
1549.9
October
1549.9
1559.55
November
1559.55
1570.63
December
1570.63
1583.75
Month
Open(₹)
Close(₹)
January
1370.4
1381.77
February
1381.77
1389.5
March
1389.5
1398.22
April
1398.22
1405.1
May
1405.1
1414.65
June
1414.65
1423.18
July
1423.18
1433.45
August
1433.45
1442.53
September
1442.53
1448.79
October
1448.79
1457.8
November
1457.8
1464.93
December
1464.93
1471.89
Month
Open(₹)
Close(₹)
January
1252.4
1259.99
February
1259.99
1266.45
March
1266.45
1281.67
April
1281.67
1291.62
May
1291.62
1301.1
June
1301.1
1310.46
July
1310.46
1323.33
August
1323.33
1333.27
September
1333.27
1343.03
October
1343.03
1352.98
November
1352.98
1366.26
December
1366.26
1370.4
Month
Open(₹)
Close(₹)
January
1147.78
1155.98
February
1155.98
1163.79
March
1163.79
1174.14
April
1174.14
1182.19
May
1182.19
1192.05
June
1192.05
1200.67
July
1200.67
1210.15
August
1210.15
1218.65
September
1218.65
1228.09
October
1228.09
1237.29
November
1237.29
1244.92
December
1244.92
1252.4
Month
Open(₹)
Close(₹)
January
1086.23
1093.78
February
1093.78
1100.82
March
1100.82
1110.41
April
1110.41
1119.55
May
1119.55
1128.84
June
1128.84
1137.06
July
1137.06
1145.45
August
1145.45
1153.62
September
1153.62
1122.06
October
1122.06
1130.92
November
1130.92
1139.55
December
1139.55
1147.78
Month
Open(₹)
Close(₹)
April
1005.33
1016.75
May
1016.75
1024.35
June
1024.35
1031.27
July
1031.27
1038.32
August
1038.32
1046.1
September
1046.1
1060.01
October
1060.01
1070.49
November
1070.49
1076.99
December
1076.99
1086.23

What does UTI - Ultra Short Term Fund - Direct Plan -Flexi 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 - Ultra Short Term Fund - Direct Plan -Flexi Reinvestment Inc Dist cum Cap Wdrl as on 06.10.2022 is 7.22.

Check UTI - Ultra Short Term Fund - Direct Plan -Flexi 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.