Buy NAV Averaging Explained on FYERS

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

When investing in mutual funds via FYERS, the Buy Net Asset Value (NAV) will reflect the closing price on the day of your purchase. If you make another investment in the same scheme on a different day, the Buy average for this second purchase will be determined by that day's closing price. Consequently, your purchases will be averaged based on the quantity and total amount invested.

Let's consider Mr. Kannan, a valued client of FYERS. Kannan initially bought the ICICI small-cap fund worth 1 Lakh with a closing NAV at ₹10, securing 10,000 units. A few days later, he invested an additional 2 Lakh in the same fund when the closing NAV stood at ₹20, obtaining another 10,000 units. With a combined investment of 3 Lakh and a total of 20,000 units, the averaged NAV for Kannan's holdings works out to be ₹15 (₹3,00,000 ÷ 20,000). In Kannan's ‘My Account’ dashboard, the displayed NAV will be ₹15.

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