If I’m placing multiple orders in the same scheme will buy NAV will average or how it works?
Whenever you place an order in the Mutual Fund segment in FYERS, the Buy NAV will be the closing price as on the day of purchase. In the future, if you once again buy the same scheme on a different date. The Buy average of the 2nd buy will be calculated on the closing price of that day. Both the purchases will be averaged based on the quantity and the amount.
For instance, Mr. Kannan, a client of FYERS, has bought an ICICI small-cap fund for 1 Lakh. The closing NAV of the fund was 10 which makes 10,000 units. After a few days, Kannan bought the same fund for 2 Lakh. The closing NAV of the fund is 20 which makes 10,000 units. The total investment of Kannan is 3 lakh and the number of units is 20,000. The Avg NAV of his holdings is 3,00,000 / 20,000 = 15. The NAV of Kannan will show as 15 under the dashboard in ‘My Account’.
How is the buy average calculated for Equity?
Buy average of a stock is the average price you have invested per share. Let’s say you traded in the same stock at different prices and on different dates, the scrip will be averaged on a FIFO (First In First Out) basis to make the calculation ...
How to calculate the Average cost in intraday trading?
Average cost arises when you trade in the same scrip multiple times. It is the cost that helps you determine the overall average price of the Buy and Sell on trading multiple times in a particular scrip. Let's take an example; you had bought a share ...
What is the Net Asset Value (NAV) of a scheme?
The performance of a particular scheme of a mutual fund is denoted by its NAV. In simple words, NAV is the market value of the securities held by the scheme. Since the market value of securities changes every day, NAV of a scheme also varies on day ...
What are the timings of mutual funds for placing orders?
The timings for Mutual funds are from 9:00 AM to 3:00 PM. The orders placed before 2:30 PM will be processed on the same day and the orders placed after 2:30 PM will be processed on the next Trading Day. Note: Once the order is confirmed, it will ...
Why does my recently transferred shares to FYERS Demat A/c show the Buy Average as Zero?
The shares transferred from other Demat to FYERS shows the Buy average price as zero as the shares were not bought in FYERS and the price of purchase will also not be available. Hence, you’re required to send the Statement Of Accounts (SOA) to ...