Get App
Last Updated : Dec 03, 2013 04:44 PM IST | Source:

What is NAV? How often is NAV announced?

Chitra Iyer, COO & Financial Coach at MFA discussed about what is NAV, How often is NAV announced.

A mutual fund usually from all the money that it collects from its investors would invest it in various assets. All the assets put together, the market value of that divided by the number of units outstanding on a particular day gives a net asset value of that unit on a daily basis. The NAV of a mutual fund fluctuates on a daily basis therefore in case of an open ended mutual fund you would have the NAVs being declared on a daily basis but for a close ended mutual fund this is declared only on a weekly basis.

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
Get best insights into Options Trading. Join the webinar by Mr. Vishal B Malkan on May 28 only on Moneycontrol. Register Now!
Not sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations.
First Published on Dec 3, 2013 04:01 pm
Follow us on