NAV — Net Asset Value
Investing term
NAV is the per-unit price of a mutual fund — the fund's total assets minus its liabilities, divided by the number of units outstanding.
You buy and sell fund units at the NAV, which is published once a day after markets close. A high or low NAV says nothing about whether a fund is cheap or expensive; only the percentage return matters.
More investing terms
SIPA SIP is a way of investing a fixed amount in a mutual fund at regular intervals — usually a set sum every month — instead of investing a lump sum.XIRRXIRR is the single annualised return that accounts for investments made on different dates — the right way to measure a SIP's actual return.CAGRCAGR is the constant yearly rate at which an investment would have grown from its starting value to its ending value over a period.Expense RatioThe expense ratio is the annual fee a mutual fund charges, expressed as a percentage of your invested amount, deducted from the fund before the NAV is calculated.ELSSELSS is a type of equity mutual fund that qualifies for a tax deduction under Section 80C, with the shortest lock-in of any 80C option — just 3 years.SWPAn SWP lets you withdraw a fixed amount from a mutual fund at regular intervals while the rest stays invested and keeps growing.