What is NAV (Net Asset Value)?

NAV (Net Asset Value) is the price of one unit of a mutual fund. When you invest ₹10,000 in a fund with an NAV of ₹100, you get 100 units.

How NAV is calculated

NAV = (total value of all the fund's holdings − expenses & liabilities) ÷ number of units outstanding. It's computed once every business day after markets close.

When does NAV update?

Indian AMCs publish each day's NAV to AMFI by late evening (typically by ~11 PM). So a fund's price changes only once a day — unlike stocks that move every second. That's why Dhanik refreshes fund data once per day rather than constantly.

A low NAV is NOT "cheaper"

A fund with NAV ₹15 is not a better deal than one at ₹450. NAV just reflects how long the fund has existed and how much it has grown. What matters is the percentage return going forward, which is identical whether you hold many cheap units or few expensive ones.

→ Browse live NAVs across every scheme in the MF Screener.