If I’m placing multiple orders in the same scheme will buy NAV will average or how it works?

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’.



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