What is NAV?
Net Asset Value
NAV is the per-unit price of a mutual fund, calculated by dividing the total value of the fund's holdings (minus liabilities) by the number of outstanding units. It is published once daily after markets close.
A lower NAV does not mean a fund is "cheaper" or a better buy — two funds with identical portfolios but different NAVs (say ₹10 vs ₹500) will deliver identical percentage returns. NAV only tells you how many units your money buys, not how good the fund is.
NAV is calculated as: (Total Assets − Total Liabilities) ÷ Total Outstanding Units.
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