NAV kya hai, kaise calculate hota hai, NAV se fund select karein ya nahi — complete Hindi guide.
Published by The Retail Trader · AUG 10, 2026 · Features
Schema: FAQPage, Article
NAV ka full form hai Net Asset Value. Ye ek mutual fund ki ek unit ka price hota hai — bilkul waise jaise stock ka ek share ka price hota hai, waise mutual fund ki ek unit ka NAV hota hai.
Jab tum mutual fund mein invest karte ho, tum actually us fund ki "units" khareedte ho. NAV batata hai ki har unit ki value kitni hai us din.
NAV = (Total Assets - Total Liabilities) / Total Outstanding Units
Example: Fund ke paas ₹100 crore ka portfolio hai (stocks + bonds + cash), ₹1 crore ki liabilities (expenses, payables) hain, aur 10 crore units outstanding hain.
NAV = (100 - 1) crore / 10 crore = ₹9.90 per unit
Agar tum ₹99,000 invest karte ho, tumhe 10,000 units milengi (₹99,000 / ₹9.90).
Mutual fund houses NAV daily ek baar calculate karte hain — market close ke baad (usually 9 PM tak update ho jaata hai). Ye real-time nahi hota jaise stock price hota hai.
Process:
• Market band hota hai (3:30 PM)
• Fund house apne portfolio ke saare stocks/bonds ki closing value nikalta hai
• Total assets minus liabilities calculate karta hai
• Total units se divide karta hai
• NAV publish hota hai (AMFI website pe bhi milta hai)
Cut-off time rule: Agar tum 3 PM se pehle order place karte ho (equity funds ke liye), tumhe same day ka NAV milta hai. 3 PM ke baad order karo toh agle din ka NAV milta hai.
Ye paanch baatein dhyaan mein rakho:
• Decided by — NAV (Mutual Fund): Fund house (calculated formula se), Stock Price: Market (demand/supply se)
• Updates — NAV (Mutual Fund): Din mein ek baar (end of day), Stock Price: Real-time, har second
• Kya reflect karta hai — NAV (Mutual Fund): Underlying portfolio ki value, Stock Price: Market sentiment + demand
• Trading — NAV (Mutual Fund): Fund house se directly, Stock Price: Exchange pe buyers/sellers ke beech
• Volatility — NAV (Mutual Fund): Kam (diversified portfolio), Stock Price: Zyada (single stock)
Ye samajhna zaroori hai — stock price mein tum kisi aur trader se khareed rahe ho, mutual fund mein tum directly fund house se units khareed rahe ho at that day's NAV.
Ye sabse bada myth hai. NAV fund ki age aur performance history pe depend karta hai, uski "cheapness" pe nahi.
Example: Ek naya fund launch hua hai — NAV ₹10 se start hota hai. Ek 15-saal purana fund hai jisne consistently achha perform kiya — uska NAV ₹250 ho sakta hai. Dono fund same type ke stocks mein invest kar sakte hain, same returns de sakte hain future mein.
Reality: Agar dono funds same category mein hain (e.g., dono large-cap funds) aur same stocks hold karte hain similar proportion mein, toh future returns SAME honge chahe NAV ₹10 ho ya ₹250.
Isi tarah, high NAV ka matlab fund "expensive" ya "better" nahi hai. NAV sirf batata hai ki fund kitna purana hai aur usne kitna grow kiya hai — quality ka indicator nahi hai.
Kya dekhna chahiye instead: Historical returns (3yr, 5yr, 10yr CAGR), expense ratio, fund manager track record, portfolio quality — NAV nahi.
Haan, zyada units milengi, but tumhare total investment value pe koi fark nahi padta. ₹10,000 invest karo — chahe NAV ₹10 ho (1,000 units) ya NAV ₹100 ho (100 units) — dono cases mein tumhara investment ₹10,000 hi hai aur future growth % same rahegi agar portfolio same hai.
Ye do baatein dhyaan mein rakho:
• Regular Plan — NAV: Lower, Expense Ratio: Higher (1.5-2%), Kyun Farak Hai: Distributor/agent commission included
• Direct Plan — NAV: Higher, Expense Ratio: Lower (0.5-1%), Kyun Farak Hai: Koi middleman commission nahi
Same fund, same portfolio, same fund manager — but Direct plan ka NAV Regular se hamesha thoda zyada hoga kyunki Direct plan mein commission nahi kata jaata, isliye zyada returns compound hote hain.
Hamesha Direct plan lo — 20-30 saal ke SIP mein ye 0.5-1% ka farak lakhs rupees ka difference bana sakta hai (compounding ke wajah se).
NAV dekh kar fund select karna galat approach hai. Instead ye dekho:
Ye chhe baatein dhyaan mein rakho:
• CAGR (Compound Annual Growth Rate) — 3, 5, aur 10-year returns compare karo
• Expense Ratio — Direct plan ka lower ratio dekho
• Fund Category Fit — apne risk profile ke hisaab se (large-cap, mid-cap, flexi-cap, debt)
• Fund Manager Consistency — kitne saal se same manager hai, track record kaisa hai
• AUM (Assets Under Management) — bahut chhota ya bahut bada AUM dono red flags ho sakte hain category ke hisaab se
• Portfolio Overlap — agar multiple funds mein invest kar rahe ho, overlap check karo
Ye nau baatein dhyaan mein rakho:
• 📌 NAV QUICK REFERENCE
• 📊 NAV = (Total Assets - Total Liabilities) / Total Units
• 📊 Daily calculated hota hai, end of day (market close ke baad)
• 📊 Low NAV ≠ Cheap Fund, High NAV ≠ Better Fund
• 📊 NAV sirf fund ki age/history batata hai, quality nahi
• 📊 Fund select karte time: NAV nahi, CAGR + expense ratio + category dekho
• 📊 Direct plan ka NAV Regular se zyada hota hai (kam commission)
• 📊 3 PM se pehle order = same day NAV, baad mein = next day NAV
Haan, NAV daily update hota hai — market close ke baad, underlying portfolio ki value ke hisaab se. Weekends aur market holidays pe NAV change nahi hota.
Nahi. High NAV ka matlab fund expensive nahi hai. Tumhara investment amount fix hai — chahe kam units milein (high NAV) ya zyada units (low NAV), returns % same rahega agar portfolio similar hai.
NAV ek unit ki price hai. AUM (Assets Under Management) poore fund ka total size hai — sabhi investors ka combined invested amount. Dono alag metrics hain.
Bilkul nahi — ye "sasta lag raha hai" wala trap hai. NFO mein track record nahi hota, existing funds ka proven performance dekhna better hai.
AMFI India ki official website (amfiindia.com) pe daily NAV milta hai sabhi funds ka. Fund house ki website aur apps (Groww, Kuvera, Coin) pe bhi real-time NAV dikhta hai.
Ye chaar baatein dhyaan mein rakho:
• Expense Ratio Kya Hai? Complete Guide
• Mutual Fund Types — Equity, Debt, Hybrid Explained
• SIP vs Lump Sum — Kaunsa Better Hai?
• Direct vs Regular Plan — Detailed Comparison
Ye article educational analysis hai — investment advice nahi. Apna research karo, apna risk manage karo.
The Retail Trader — educational market analysis. Not investment advice.
Ye baatein dhyaan mein rakho:
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Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.