Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Simple meaningThe per-unit price of a mutual fund.
Relevant ActSEBI (Mutual Funds) Regulations, 1996
Technical meaning
The market value of a scheme's assets minus liabilities, divided by units outstanding, declared daily.
Practical example
Units are bought at the NAV applicable on the purchase date.
Related terms
- SIP
- Expense Ratio
Official reference
SEBI (Mutual Funds) Regulations, 1996
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Investment-related information is for educational purposes only. Past performance does not guarantee future returns. Readers should consider their financial objectives, risk tolerance and circumstances before making investment decisions.
Investment-related information is for educational purposes only. Past performance does not guarantee future returns. Readers should consider their financial objectives, risk tolerance and circumstances before making investment decisions.