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

  • Asked By
  • Updated On:
  • Replies:

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 for FREE, Get quick answers from our FINTRAKK community!
Discussion (0)
Related FAQs
How does an ETF work?

ETF is an investment instrument that tracks a group of securities from a particular asset class and performs according to it. It is managed by a Fund manager who makes sure that the ETF tracks the underlying asset accurately. ETFs are listed on the Stock Exchanges therefore one can buy & sell them within the market hours at their desired prices.

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.

How to get exposure in U.S stocks?

Investing in abroad markets has become quite easy these days. One can get direct and indirect exposure into the U.S. market through various methods. Investing in foreign markets like the U.S provides many benefits like Diversification into the top companies of the world, Benefit of Currency Depreciation, etc. Apart from directly purchasing the stocks listed on the U.S. stock exchanges, there are some different methods as well. Know the best methods of getting exposure to the U.S. stock markets.

What is difference - Mutual Funds vs Index funds?

The differences between index funds and mutual funds are vast. Learn what is mutual fund and index fund and know what differentiates the two investment options.

Is it better to buy ETFs or Mutual Funds?

ETFs (Exchange Traded Funds) & Mutual Funds are investment avenues that are managed by a Fund manager and allow Retail investors to invest in them. ETFs are listed on Stock Exchanges, and Mutual Funds are not. Usually, ETFs track an Index or sector whereas Mutual Funds offer a much more variety of Funds from which an investor can choose from. Both of these investment vehicles have their own merits and demerits. One should evaluate their risk profile and goals and choose one of them either. Find out which of these is the better option.

Can I trade or invest Rs 100 in the share market of India?

You can definitely trade or invest Rs 100 in Indian stock markets. There are no monetary requirements to enter the stock market hence you can buy any share that is trading under Rs 100. Apart from direct stock investing/ trading, there are some indirect ways to own shares over Rs 100. This can be done through Mutual Funds.

Is Groww the perfect platform to invest in mutual funds?

Groww is one of the best mutual fund applications that offers various direct mutual fund investment options. Moreover, it does so without charging anything. It offers a magnitude of offerings and features ranging from the brief description of the mutual funds to the various brokerage and other calculators for investors' references.

What are Index Funds? Meaning, Advantages, Review, Taxation

Index funds are mutual funds in which investment are made in the stocks of Index they track such as Nifty, Sensex according to its composition and weightage of the index.

What is Paytm Money? Investment & Trading Platform

Paytm has added its name to the stockbroking industry all through its new platforms “Paytm Money.” The platform was rolled out to customers earlier in September 2020 and had since then exploded amongst traders/investors to see the offerings set up by the company.

How Debt Funds Work?

Debt funds are mutual funds managed by professionals with their money invested in high-rated securities. Just like you lend money to the bank through fixed deposit or while purchasing the bond, a certificate is issued by the borrower. Debt funds also work on the similar concept.