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.

Tagged With: mutual fundnavstock marketequity fundsbluechip fundsexpense ratio
Categories: Mutual Funds
Ask your query and our expert community would be happy to help
Discussion (0)
Related FAQs

What is Mutual Fund Expense Ratio and how to calculate it?

The expense ratio in the case of mutual funds sector refers to the measure of the amount costs by an investment company for operating a mutual fund.

Are market highs good to invest in Equity mutual funds?

Understanding the relative position of the market, the absolute values do not matter much. What matters is what is the earnings multiple, currently the market is trading at, popularly captured by a metric called P/E ( Price to earnings).

How are ETFs different from Mutual Funds?

ETFs (Exchange Traded Funds) and Mutual Funds are similar investment vehicles that provide the investors various features. Both have their benefits and shortcomings. ETFs are a good option for passive investors who want to invest in a particular Index or Sector without much rebalancing. On the other hand, Mutual Funds are a better option for active investors who are more active with their investments. One can switch between funds according to their current strategies.

What are the best mutual funds to generate income?

Mutual funds are professionally managed investment vehicles that offer numerous categories of funds to investors. To generate regular cash flows or income, investors can use the Systematic Withdrawal Plan or invest in Dividend Payout and Debt funds to receive regular income. Debt funds provide regular interest payouts, whereas dividend payout funds give regular dividends which act as regular income.

How to find good companies as there are many publicly listed companies in the Indian stock market?

To find good companies out of the thousand companies listen on the Indian stock exchange, you can filter stocks on the basis of certain parameters such as Market cap, Debt to Equity, Dividend payouts, Revenue and Profits growth, etc. You can easily use an online stock screener to find out these stocks.

How can NRIs from the United States invest in Mutual Funds in India?

NRIs living in the United States can invest in Indian Mutual Funds, but there are some hassles that have to be overcome. You will require an NRE, NRO, or FCRN account in order to convert the foreign currency into Indian rupees, post which you can complete the KYC and begin investing in Indian Mutual Funds.

Is Groww App Safe for Mutual fund and Stock Investing?

Yes, Groww app is completely safe for mutual fund, stock investing and trading. As a popular mutual fund investment plaftorm, Groww established itself quite well in the past few years. Now, it has also enetered the stock broking space so it's really good to see new entrants amid existing top discount brokers in India.

Which is better investing in equity, mutual funds, or keeping money in banks?

Equity and mutual funds are perfect if you want to invest in companies while seeing your money grow in a short period. Moreover, the chances of compounding your investments are higher. But the risk associated is equally greater considering the growth of companies and their performance in offering returns. But then keeping money in the bank is the safest way to keep your earnings. But then, due to inflation and low returns on interest, that value of the money kept might be cut down drastically.

How to use Screener to find undervalued stocks?

Screener offers a set of pre-existing filters or screens which you can use to filter stocks. It also provides the feature to create your own screen to filter out stocks with your own defined parameters. Using both of these features you can find undervalued stocks by adding certain parameters such as PE, RoCE, etc

Where do I find stock related information?

Fundamental analysis is an important part of stock investing. You can either refer to the company’s quarterly reports for the data or use any fundamental analysis and stock screening platform to analyse the data. Using a stock screening platform makes the job much easier as you get all the necessary data curated in one single place.