WHAT IS NAV (NET ASSET VALUE) OF A MUTUAL FUND?

Net Asset value is the networth of an unit of the Mutual Fund at the close of any working Day. It is calculated after closing of the capital market everyday on the basis of the closing prices of the underlying securities. NAV denotes the underlying value of the securirities at any given time in terms of per unit holding. Investors purchase units on the ongoing price of NAV in a Mutual fund scheme.

For the purpose of purchase, redemption & switches, the applicable NAV is the Net Asset Value per Unit at the close of the Working day on which a request, complete in all respects is accepted and received before the cut-off time (normally 3pm for euity funds) for the particular scheme. Otherwise, the applicable NAV would be the one for the next business day.

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RELAX WITH ZEN
Empty Your Cup

A university professor went to visit a famous Zen master. While the master quietly served tea, the professor talked about Zen. The master poured the visitor's cup to the brim, and then kept pouring. The professor watched the overflowing cup until he could no longer restrain himself. "It's overfull! No more will go in!" the professor blurted. "You are like this cup," the master replied, "How can I show you Zen unless you first empty your cup."