How is the buy NAV averaged for multiple orders in the same scheme on FYERS

How is the buy NAV averaged for multiple orders in the same scheme on FYERS?

When you invest in a mutual fund scheme through FYERS multiple times, your Buy Net Asset Value (NAV) is averaged based on the total investment amount and units received across all transactions. This ensures a consolidated and transparent view of your holdings.

How NAV averaging works?

  • The buy NAV is recorded based on the closing NAV on the day of each purchase.
  • If you invest again in the same scheme on a different date, that day’s closing NAV is applied for the new units.
  • FYERS then averages the NAV across all purchases by dividing the total amount invested by the total units held.

Example

Let's take an example of Mr. Kannan, a FYERS client:

  • First investment: ₹1,00,000 in ICICI Small-Cap Fund at NAV ₹10 = 10,000 units
  • Second investment: ₹2,00,000 in the same fund at NAV ₹20 = 10,000 units
  • Total investment: ₹3,00,000
  • Total units: 20,000

Averaged Buy NAV = ₹3,00,000 ÷ 20,000 = ₹15

So, in Kannan’s portfolio, his holdings for the scheme will reflect a buy average NAV of ₹15.

What if...

ScenarioExplanation
You invest small amounts over timeEach entry will be included in the average as per its NAV.
You redeem unitsAverage NAV remains based on remaining units.
You use SIP and lump sum in the same schemeBoth modes are factored into the average NAV calculation.
You switch from one plan to anotherNew investments post-switch will reset the NAV averaging for the new plan.
Your averaged NAV is visible under Mutual fund holdings in Portfolio and gets updated with every new investment or redemption.

Last updated: 11 Jun 2025

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