How do I find the latest NAV of a mutual fund?

Short Answer

The NAV of a mutual fund is the total asset value divided by the combined number of units. You can find the latest NAV of any fund by simply searching the respective fund on a mutual fund platform. You will get all the details like NAV, performance, expense ratio, etc, by clicking on the fund.

Detailed Answer

What is NAV?

The NAV or Net Asset Value of a mutual fund is the total market value of the assets under that fund. In simple words, the NAV is denoted by the total asset value of the fund’s securities divided by the total number of units. For example, if the combined assets of a specific fund are worth Rs 10,000 and there are a total of 100 units. In this case, the NAV of the fund will be 10,000/100 = Rs 10, per unit.

As the value of stocks and bonds keeps fluctuating, the NAV of Mutual funds also changes regularly. Similar to the stock markets, the NAV of mutual funds is updated every day after the stock market closes.

How to find the NAV of a Mutual Fund?

For example, if you want to check the NAV of Axis Bluechip Funds. To find out the latest NAV of any mutual fund, you follow these steps:

1. Open any Mutual Funds platform, let's take Coin. 'Coin' is the mutual fund platform of Zerodha, India’s largest broker. Once you open Coin, go to the discover section.

2. In the discover section you can search for any funds and find out their NAVs. As we want to find out the NAV of Axis Bluechip Funds, go to the Largecap fund section or search for ‘Axis Bluechip'.

3. Once you obtain the fund, click on it. After you click on it, you will get the essential details such as CAGR growth, Expense Ratio, etc. Right at the top, you will get the Current NAV. For the Axis Bluechip Fund, the current NAV as of 4th October 2021 is 24.33.

Hence, if you buy Rs 10,000 worth of this fund, you will be allotted (10,000/24.33) = 411.015 units of this mutual fund.

Using a similar method, you can find out the NAV of any fund (equity funds, debt funds, hybrid funds, etc) with your respective broker’s app. Even if you don’t have an account with a stockbroker, you can still find the NAV by using Coin or Groww. Using these platforms, you can analyze the fund performance and NAVs of any scheme.

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Categories: Mutual Funds
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