What is NAV (Net Asset Value)?
NAV represents the per-unit value of a mutual fund — calculated by dividing the total value of all holdings minus liabilities by the number of units outstanding.
Formula
NAV = (Total Assets - Total Liabilities) ÷ Total Units Outstanding
How to Interpret
NAV is updated daily for mutual funds. A higher NAV doesn't mean a fund is expensive — it simply reflects past performance.
Typical Ranges
NAV level doesn't indicate value. Focus on NAV growth rate (returns) instead.