Does the NAV of a mutual fund scheme change daily?
Yes, the Net Asset Value (NAV) of a mutual fund scheme typically changes every business day. NAV reflects the per-unit market value of all securities held by the fund after accounting for expenses and liabilities. It is calculated and published by the fund house at the end of each trading day.
How NAV is determined?
- NAV = (Total assets – Total liabilities) / Number of outstanding units
- Calculated after market hours using the closing prices of the portfolio securities
- Applicable for both purchase and redemption orders based on cut-off timings
What if...
| Scenario | Explanation |
|---|
| You check NAV during market hours | It won't reflect intraday values. NAV is based on closing prices and updated after 9 PM. |
| You invest on a holiday | The order is queued and NAV will be assigned based on the next working day. |
| Fund has debt or overnight exposure | These may still have daily NAV updates, but with different volatility patterns. |
| You observe small NAV fluctuation | This is normal and reflects minor market changes or expense adjustments. |
The NAV is released by the AMC only after market close each working day and is available on FYERS and AMFI platforms.
Last updated: 16 Jun 2025
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