What NAV tells you
Net Asset Value is simply the price of one unit of a fund. When you invest Rs 10,000 in a fund with an NAV of Rs 250, you receive 40 units. The NAV moves daily as the value of the fund's underlying holdings changes.
A common myth
A low NAV is not "cheap" and a high NAV is not "expensive." Two funds holding identical portfolios will grow at the same rate regardless of their NAV levels — the NAV number alone tells you nothing about future returns or value. What matters is the percentage change in NAV over time, which is what drives your returns.
How to read it
- Use NAV changes, not the absolute number, to judge performance.
- Growth-option NAVs reflect reinvested gains; IDCW option NAVs drop on payout days, which is why FindMF never computes performance from IDCW variants.
- SIP purchases buy units at each date's NAV, naturally averaging your cost.
How FindMF uses it
Every metric on FindMF is derived from the daily NAV history published by AMFI — our single source of truth. We use Growth-variant NAVs for all return and risk math. See methodology.